• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10553 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10553 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10553 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10553 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10553 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10553 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10553 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10553 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%

Viewing results 223 - 228 of 1169

From Gas to Gigawatts: Uzbekistan Powers Ahead with Dual Nuclear Deal

Uzbekistan has confirmed it will be building a large nuclear power plant (NPP) with two 1000-megawatt (MW) reactors as the country prepares for a sharp increase in electricity consumption in the coming years. Uzbekistan’s state atomic energy company, Uzatom, posted on September 26 that a new agreement calls for both a large and small NPP to be constructed at the same site in Uzbekistan. The revised plan for NPPs in Uzbekistan combines agreements the country signed with the Russian state nuclear company Rosatom in 2018 and 2024. Uzbek Prime Minister Abdullo Aripov and his Russian counterpart at the time, Dmitri Medvedev, signed a deal in September 2018 for a large NPP with two VVER-1200 reactors.  However, in late May 2024, during Russian President Vladimir Putin’s visit to Uzbekistan, a new agreement was signed for six small reactors, each with a capacity of 55 MW. Preparation work for six RITM-200N reactors started shortly after in the Farish district of Jizzakh Province. In June 2025, Russia’s Ministry of Economic Development said the agreement was restructured. The latest official agreement, signed September 26, 2025, commits to building an integrated NPP with two large VVER-1000 reactors and two small modular RITM-200N units. The Farish facility will be the first to house both a large and a small NPP at the same site. Speaking on the sidelines of the World Nuclear Week conference in Moscow on September 25, Uzatom director Azim Akhmedkhadjaev said, “We are the first in Central Asia to create an innovative solution for the future… (a) project combining advanced small modular reactor technology with time-tested solutions from large-scale nuclear energy.” The new agreement calls for the construction of two VVER-1000 units instead of the original VVER-1200 models. There was no explanation for the change in the type of reactors for the Uzbek facility. Uzbek Deputy Prime Minister Jamshid Khodjaev was also at the conference in Moscow. Hojayev noted Uzbekistan is seeking to increase renewable energy sources so that by 2030, these sources will produce more than 40% of Uzbekistan’s energy. Khodjaev pointed to solar and wind projects in explaining why the small NPPs are necessary. “Large blocks (reactors) provide stable baseload generation, while small blocks cover peak loads and balance the erratic operation of solar and wind farms,” according to Khodjaev. Essentially, the smaller reactors will help ensure a constant flow of electricity into the domestic grid when there is insufficient wind or sun to keep wind farms and solar power stations operating at full capacity. As Much as Possible and More Khodjaev has said that when both the large and small NPPs are operational in 2035, it will add some 15-billion-kilowatt hours (kWh) to Uzbekistan’s power grid. Electricity production in Uzbekistan has risen from some 59 billion kWh in 2016 to about 81.5 billion kWh in 2024. A relatively small percentage of that is exported to neighbors. A recent agreement with Kazakhstan calls for sending some 900 million kWh of Uzbek electricity to its northern neighbor between March and December 2026....

Uzbekistan Launches $20 Million School Climate Resilience Project with Restituted Funds

Uzbekistan has launched a $20 million initiative to enhance climate resilience and improve water, sanitation, and hygiene (WASH) infrastructure in schools, marking the first major investment of restituted assets recovered from abroad. The project, titled “Modelling Climate Resilience and WASH in Schools,” officially begins on October 1. It is part of a broader commitment made in April by the Ishonch Fund Management Committee, which outlined how recovered assets from Switzerland would be used to fund education and community development initiatives. The commitment was reaffirmed during the Namangan Poverty Reduction Forum in September. Background: The Ishonch Fund The Ishonch Fund was established under a restitution agreement between Uzbekistan and Switzerland, in accordance with the UN Convention Against Corruption (UNCAC). In February, Uzbek Minister of Justice Akbar Tashkulov and Swiss Ambassador Konstantin Obolensky signed an agreement in Tashkent for the return of $182 million in confiscated assets linked to Gulnara Karimova, daughter of former president Islam Karimov. These funds, seized in Switzerland, are being transferred via the UN Uzbekistan Vision 2030 Multi-Partner Trust Fund. Project Scope and Impact The $20 million project targets 45 rural schools across Uzbekistan. Planned upgrades include access to clean water, modern sanitation, improved heating systems, and renewable energy technologies. Officials say these improvements will reduce energy consumption by 30% and cut greenhouse gas emissions by 50%. The initiative will directly benefit more than 31,500 students, particularly adolescent girls, who will have access to gender-sensitive facilities. Additionally, 2,700 teachers and administrators will be trained in climate resilience, WASH practices, and community engagement. International Support and Oversight Obolensky called the initiative a landmark achievement in the restitution process. “Switzerland is proud to see restitution resources being transformed into visible, corruption-resistant investments that directly benefit the Uzbek people,” he said. “With this project, we are ensuring that 31,500 children will learn in healthier, safer, and more dignified environments, a true symbol of restitution serving development.” At the Namangan forum, Obolensky emphasized that the school modernization project reflects Switzerland’s long-term commitment to ensuring that returned assets support public interests. Governance and Accountability Uzbekistan’s Deputy Minister of Economy and Finance, Ilkhom Norkulov, underscored the project’s alignment with the national reform agenda. “By investing in climate-resilient schools and introducing new governance tools, we are building both infrastructure and accountability for generations to come,” he said. UN Resident Coordinator Sabine Machl added, “By combining clean water, modern sanitation, and climate resilience with transparency and community oversight, we are not only investing in schools but also in trust, equity, and the future of every child.” To ensure transparency, the initiative will be tracked via My Better School, a digital platform that allows communities to monitor budgets, contractors, and timelines in real time. A pilot Integrity Pact will also be used to safeguard procurement processes. Officials say this model of restitution-financed development could guide future national school modernization efforts, while helping align Uzbekistan’s education system with international standards for climate adaptation and gender equality.

From Rare Collectibles to Mainstream Chic: The Suzani’s American Story

At the turn of the century, a suzani, the traditional embroidered textile from Central Asia, was almost impossible to find in the United States. These pieces, once given as dowries in Uzbekistan and Tajikistan, were the kind of object you might stumble upon in the back room of a rug gallery or in the private collection of a well-traveled dealer. To collectors, they were mysterious and precious, valued partly for their rarity as much as their beauty. Today, in New York and across the U.S., suzanis are everywhere. They hang in boutique hotel lobbies, appear in glossy interior design magazines, and are sold by the dozen on Etsy and Instagram. The journey from rarity to ubiquity is both cause for celebration and reason for reflection, and reveals how cultural objects travel, are reinterpreted, and can carry heritage into new contexts. Rooted in family life and ritual, suzanis were traditionally embroidered by brides with circular and floral motifs, each stitch carrying symbolic meaning. They were displayed at weddings, passed down through generations, and treasured as heirlooms, remaining within Central Asian households for centuries before appearing on international auction blocks or design blogs. Shortly after the collapse of the Soviet Union, suzanis began appearing in the U.S., arriving primarily through Istanbul’s antique textile markets. These textiles - once private heirlooms - caught the eye of auction houses in London and New York as rare examples of artistry. As design editors and boutique retailers rediscovered their vibrant motifs and handmade quality, suzanis shifted from decorative obscurity to sought-after global accents. Collectors quickly prized their vivid palettes and dense embroidery, and museums displayed them as artifacts of a little-known artistic tradition. At auction houses, the most exceptional pieces commanded astonishing prices. For instance, a Shakhrisabz (Green City) suzani from eighteenth-century Uzbekistan was recently valued at up to £50,000 ($67,000) at Sotheby’s in London. As someone who once ran a family Persian rug gallery in the Midwest, I remember the excitement when a genuine suzani appeared. It was almost mythical, a piece that drew genuine excitement from serious buyers and curiosity from casual visitors. In New York, designers showcase suzanis as bedspreads, wall hangings, and upholstery, while fashion houses borrow their patterns for prints. The mainstream embrace is a sign that a once-overlooked textile is now celebrated as part of the city’s design vocabulary, and that Central Asian culture is being appreciated in new ways. Hand-embroidered suzanis take months of work, with their thread tension, symbolic motifs, and slight irregularities forming part of their beauty. Machine-made copies, now sold widely online, mimic the look but erase the artistry; selling for a fraction of the price, they may look authentic but have no connection to Central Asian makers or traditions. Yet the enduring appeal of hand-stitched suzanis shows that authenticity continues to matter, and that the artistry behind these textiles cannot be replaced by machines. As suzanis find their way into new settings, they show that traditions remain vibrant as they adapt and endure. Their symbols...

From Reform to Deals: Central Asia Steps Onto the Global Stage at UNGA-80

Ecology, global instability, and the need for UN reform dominated the speeches of all five Central Asian presidents at the 80th session of the UN General Assembly. Presenting a united front while emphasizing national priorities, the leaders made clear that Central Asia intends to play a pivotal role in shaping the global future. UN Reform Kazakh President Kassym-Jomart Tokayev was the first among the CIS leaders to address the assembly, speaking of a growing crisis of trust in multilateral institutions and calling for sweeping reforms. Tokayev emphasized the need to expand the UN Security Council, arguing that major powers from Asia, Africa, and Latin America must receive rotational representation, and that the influence of middle powers should be strengthened. “We need to create a new group of like-minded states that will professionally and decisively advance concrete proposals for reforming the UN so that it better responds to today’s challenges and tomorrow’s tasks,” he said, proposing Kazakhstan as a platform for these discussions. Uzbek President Shavkat Mirziyoyev echoed these concerns, highlighting the weakening of international institutions and the proliferation of global conflicts. He endorsed UN Secretary-General António Guterres’ UN-80 initiative and voiced support for the Pact for the Future, which sets out commitments to strengthen multilateral cooperation and address global challenges through 2045, the UN’s centenary. Mirziyoyev also advocated for an expanded Security Council to better represent developing countries. In his address, Kyrgyz President Sadyr Japarov called for a more just and representative Security Council, underscoring Africa’s right to greater participation. He also announced Kyrgyzstan’s candidacy for a non-permanent seat on the Security Council for 2027-2028, noting that his country has never before held such a position. Tajik President Emomali Rahmon warned of growing instability, uncertainty, and complexity in world affairs. Rahmon stressed the UN’s role as a platform for dialogue and cooperation and called for equal partnerships between large and small states to restore adherence to international law. Turkmen President Serdar Berdimuhamedov argued that the current global situation requires a "decisive shift toward coordinated interaction among states and international organizations to maintain peace and security.” He proposed declaring 2028 the Year of International Law to strengthen the legal foundations of global cooperation. Ecology and Finance On environmental issues, the Central Asian leaders focused on national and regional concerns. Tokayev addressed the ongoing shallowing of the Caspian Sea, while both he and Mirziyoyev raised the issue of the Aral Sea crisis, often described as "one of the world’s worst environmental disasters." Rahmon highlighted the rapid disappearance of glaciers, a point supported by Japarov, given the critical dependence of Kyrgyzstan and Tajikistan on mountain water resources. Berdimuhamedov, meanwhile, proposed establishing a regional center for combating desertification in Central Asia. Other initiatives included the proposed Caspian Environmental Forum in 2026 and continued advancement of the Caspian Environmental Initiative, originally introduced by Ashgabat. Financial concerns were also prominent. Rahmon called for reforms to international financial mechanisms, citing the continued suffering of vulnerable developing countries from the impacts of economic crises, poverty, disease, natural disasters,...

Global Conflicts Fuel a Wave of Cancellations in Central Asia’s Cultural Scene

On September 20, performers from Kazakhstan, Uzbekistan, Tajikistan, and Kyrgyzstan took part in the international “Intervision-2025” contest in Moscow, a music competition often described as the Eurasian counterpart to Eurovision. Originally launched in the 1970s by countries of the Eastern Bloc, Intervision has been periodically revived as a stage for showcasing regional talent and cultural diversity, with recent editions aiming to strengthen cultural exchange across Eurasia. At the event, last held in Sochi, Russia, in 2008, the Kyrgyz performers, Nomad, earned second place. But even as regional talent competes on the global stage, a parallel trend is intensifying at home: artists, especially Russians, are increasingly being “canceled” across Central Asia. The root cause, observers say, is Russia's war in Ukraine. Mounting Controversies Concert cancellations, particularly in Kazakhstan, have become so frequent that international artists are growing wary. On September 17, organizers for Canadian pop star The Weeknd announced the cancellation of his planned show in Almaty. They cited a broader pattern of artist cancellations in the country. “In light of recent events and online discussions, we have decided to consider hosting the concert elsewhere,” the statement read. Sources suggest the cancellation was indirectly linked to the backlash over an upcoming concert by Russian rapper Timati, who has publicly supported the war in Ukraine. The online campaign has reportedly cast a shadow over unrelated performances, including The Weeknd’s. At the same time, anti-war artists are also being blocked. Belarusian rapper Max Korzh saw his Almaty show canceled, despite his public criticism of the war. The decision may have been influenced by riots at his August concert in Warsaw, where Ukrainian Insurgent Army (UPA) symbols were seen. In Russia, the UPA is classified as an extremist group; in Poland, it is accused of wartime atrocities against Poles. Following the event, the Polish authorities deported 57 Ukrainians and 6 Belarusians. Kazakh officials, observers say, are keen to avoid similar controversies. The War’s Cultural Fallout Ideological divides are reshaping Central Asia’s cultural landscape. Once welcome, Russian performers now frequently face petitions and protests. In August, an online campaign demanded the cancellation of pop singer Polina Gagarina’s November concert in Kazakhstan. Petitioners argued her public support for Moscow’s policies contradicted international law and risked provoking social unrest. Russian rock singer Zemfira reportedly canceled her June concert at the request of venue owners. Other Russian artists, including Grigory Leps, Vladimir Presnyakov, and the Turetsky Choir, have been barred due to perceived support for the war. The “Zhara” music festival was also scrapped following online criticism, with the Kazakh Minister of Culture citing "political propaganda and attempts to divide society" as the reasons behind the decision. Meanwhile, anti-war comedians and musicians are facing hurdles. Maksim Galkin, designated a “foreign agent” by Russia and now living in Israel, has complained of bans in Kazakhstan. Outspoken rapper Alisher Morgenstern canceled concerts in Almaty and Astana last year, while both his and Leps’ shows were prohibited in Kyrgyzstan. Officials in Bishkek cited moral concerns, accusing Morgenstern of undermining “Kyrgyz traditions...

Billion-Dollar Agreements and a Boeing Deal: Inside Mirziyoyev’s Visit to New York

On September 20, President of Uzbekistan Shavkat Mirziyoyev arrived in New York to participate in events marking the 80th session of the UN General Assembly. At John F. Kennedy Airport, he was welcomed by Paolo Zampolli, Special Envoy of the U.S. President for Global Partnerships, Carolyn Lamm, Chair of the American-Uzbekistan Chamber of Commerce, and other officials. Finance and Critical Minerals Cooperation On September 22, Mirziyoyev held a series of high-level meetings with executives from leading corporations and international institutions. Uzbekistan is seeking to position itself as a reliable supplier in the global critical minerals chain. With reserves of copper, gold, uranium, and rare earths, officials have prioritized foreign partnerships to accelerate exploration and processing capacity, while also ensuring environmental and governance standards are met. In talks with IMF Managing Director Kristalina Georgieva, the two sides discussed expanding cooperation on monetary policy, statistical reform, and educational programs. Georgieva commended Uzbekistan’s economic reforms and reaffirmed the Fund’s support. A $1 billion package of initiatives was finalized with Traxys, the Colorado School of Mines, FLSmidth, McKinsey, and Go Green Partners. These projects focus on critical minerals mining and processing, alongside the creation of a Competence Center in Uzbekistan. Discussions with BlackRock board member Adebayo Ogunlesi centered on establishing a joint infrastructure fund. With Citigroup Chairman John Dugan, the president addressed IPOs of state-owned enterprises, Eurobond issuance, and trade finance mechanisms. Franklin Templeton CEO Jenny Johnson confirmed agreements related to the transformation of state-owned companies and the development of the Tashkent Stock Exchange. President Brian Friedman of the New York-based global investment banking and capital markets firm, Jefferies, meanwhile, expressed interest in helping attract strategic investors to Uzbekistan’s National Investment Fund. Franklin Templeton’s management of Uzbekistan’s $1.7 billion National Investment Fund signals growing trust in U.S. asset managers. Meanwhile, Jefferies’ potential involvement in attracting strategic investors highlights the rising role of global capital markets in Uzbekistan’s privatization and modernization agenda. NASDAQ CEO Adena Friedman discussed the modernization of the Tashkent Stock Exchange and the introduction of a government bond trading platform. Oppenheimer Holdings CEO Robert Lowenthal pledged support for Uzbekistan’s private sector and participation in Eurobond issuance. [caption id="attachment_36462" align="aligncenter" width="1280"] Image: president.uz[/caption] Strategic Agreements Signed A signing ceremony was held in the presence of President Mirziyoyev and U.S. Presidential Special Envoy Sergio Gor. Agreements were exchanged with Boeing, FLSmidth, Cleveland Clinic, Citigroup, Cargill, Pangea Filtration Technology, SLB, Biologic International, and others. During a meeting with WTO Director-General Ngozi Okonjo-Iweala, Mirziyoyev reaffirmed Uzbekistan’s commitment to aligning its legislation with international standards, with the goal of completing WTO accession by 2026. Uzbekistan’s WTO accession is being closely watched in Central Asia, as its success could set a precedent for other countries still outside the organization. For investors, WTO membership would mean greater legal predictability and integration into global trade frameworks. The president also met with Air Products CEO Eduardo Menezes. The company has already invested over $1 billion in Uzbekistan, with projects at the GTL plant, Ferghana Refinery, and “Navoiazot.” Both parties agreed to...