• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10699 -0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10699 -0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10699 -0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10699 -0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10699 -0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10699 -0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10699 -0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10699 -0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%

Viewing results 25 - 30 of 757

Erdoğan Visit Puts Trade, Transit, and Turkic Economic Integration at Center of Kazakhstan’s OTS Push

Turkish President Recep Tayyip Erdoğan’s visit to Kazakhstan comes as Astana is trying to give the Organization of Turkic States a more practical economic role, linking trade, investment, transport, digital development, and business financing across the Turkic world. The visit centered on three connected events: Erdoğan’s official visit to Astana, the sixth meeting of the Kazakhstan-Turkey High-Level Strategic Cooperation Council, and the informal summit of the Organization of Turkic States in Turkistan. Erdoğan arrived in Astana ahead of talks with President Kassym-Jomart Tokayev, while Turkish media reported that the agenda included transport links through the Middle Corridor, Caspian transit routes, energy security, logistics, defense industry cooperation, trade and investment. The visit also carried strong symbolic staging. According to Akorda, Erdoğan’s aircraft was escorted by Kazakh Air Defense fighter jets after entering Kazakhstan’s airspace. At Astana airport, he was greeted by an honor guard, children waving the flags of Kazakhstan and Turkey, and military helicopters displaying the national symbols of both countries. Erdoğan later said the welcome had brought his delegation “enormous joy,” adding, “We certainly will not forget this.” [caption id="attachment_48862" align="aligncenter" width="1280"] Kazakh aircraft fly over Astana during the ceremonial welcome for Erdoğan. Image: Akorda[/caption] The OTS summit is being hosted by Kazakhstan on May 15 in Turkistan under the theme “Artificial Intelligence and Digital Development.” According to the organization, the summit is intended to advance cooperation on artificial intelligence, digital innovation, emerging technologies, public services, sustainable economic growth, and regional connectivity. The digital theme reflects Kazakhstan’s effort to give the OTS a more practical economic role, beyond its cultural and diplomatic foundations. Ahead of the summit, Astana hosted a business forum on May 13 under the title “Economic Integration and Cooperation of the OTS Countries: New Opportunities in Industry, Agro-Industrial Complex, Logistics and Digitalization.” Kazakhstan’s prime minister’s office said the forum brought together state bodies, financial institutions, chambers of commerce, international organizations, and business representatives from OTS countries. Kanat Sharlapayev, chairman of the Union of Chambers of Commerce and Industry of Turkic States and of the presidium of Kazakhstan’s Atameken National Chamber of Entrepreneurs, urged Turkic countries to move toward deeper industrial and digital integration. He said the task was to create a unified digital environment, reduce the distance between producers and consumers, increase transparency, and speed up transactions. The forum also discussed plans for joint industrial facilities and manufacturing zones along transport corridors, an idea that would push OTS cooperation beyond transit toward processing and value-added production. Deputy Prime Minister and Minister of National Economy Serik Zhumangarin used the forum to frame OTS cooperation as one of Kazakhstan’s foreign economic priorities. He said the OTS countries form a market of more than 170 million people and have significant industrial, transport, agricultural, and human potential. He also said the main task was to move from declarations to joint projects, new production, technology alliances, and mutual investment. Silk Way TV reported that Murat Karimsakov, chairman of the Kazakh Chamber of International Commerce, said trade turnover among OTS countries increased...

Uzbekistan Expands U.S. Labor Migration Talks in New York

A delegation from Uzbekistan held a series of meetings with international organizations, educational institutions, employers, and law firms during the International Migration Review Forum (IMRF) in New York, as Tashkent seeks to expand legal labor migration opportunities in the United States. According to Uzbekistan’s Migration Agency, the delegation included officials from the agency, the Ministry of Foreign Affairs, and Uzbekistan’s embassy in Washington. The push comes as labor migration remains a major part of Uzbekistan’s economy. The Central Bank of Uzbekistan said remittance inflows reached high levels in 2025, with $9.9 billion arriving through traditional money transfer systems and another $8.6 billion credited directly to bank cards through P2P transfers. That scale has made overseas employment both a household income issue and a policy priority for Tashkent. The forum opened with remarks by UN Secretary-General António Guterres and Amy Pope, director general of the International Organization for Migration (IOM), who outlined priorities for global migration policy and international cooperation. During the event, Behzod Musayev, the head of Uzbekistan’s Migration Agency, presented information on migration reforms underway in Uzbekistan, including vocational and language training programs designed to prepare citizens for overseas employment. Musayev said labor migration should be viewed as an economic necessity and an investment in human capital. The delegation also met with Ugochi Daniels, IOM’s deputy director general for operations, to discuss protecting the rights of citizens of Uzbekistan working abroad and organizational issues related to an international migration forum scheduled to be held in Tashkent. Several meetings focused on expanding cooperation with U.S. educational institutions and employers. Uzbekistan signed a cooperation agreement with Logan University in Missouri on training medical personnel for the U.S. labor market, launching joint educational programs, and developing human resources. Representatives of Missouri Trucking School discussed creating a 160-hour training program to prepare drivers from Uzbekistan according to U.S. standards and support their employment opportunities. Talks with the National Council of Agricultural Employers focused on organizing labor forums with employers and expanding seasonal work programs for citizens of Uzbekistan. The delegation also reached agreements with the recruitment organization Head Honchos on H-2A visa processing, promoting agricultural workers from Uzbekistan in the U.S., and launching preparatory programs lasting eight to ten weeks. In meetings with the New York-based law firm Ballon Stoll, officials discussed work opportunities through O, H-2A, H-2B, H-1B, and E visas, as well as stronger legal protections for citizens of Uzbekistan employed in the U.S. The U.S. route is still at an early stage and will depend on American visa rules and employer demand. Under U.S. regulations, H-2A and H-2B petitions are generally limited to nationals of countries designated by the Department of Homeland Security, though USCIS can approve petitions for workers from non-designated countries on a case-by-case basis if it determines that doing so is in the U.S. interest. The discussions follow statements made earlier this year by President Shavkat Mirziyoyev, who instructed Uzbekistan’s diplomats to begin talks with Washington on including the country in U.S. seasonal labor recruitment programs. The...

Uzbekistan Startups Win Two Honors at Global Startup Awards

Uzbekistan’s startup ecosystem received international recognition this week after two projects from the country won top honors at the Global Startup Awards Grand Finale, held during the EU-Startups Summit in Valletta, Malta. The event brought together startup founders, investors, and technology leaders from more than 54 countries. The Global Startup Awards is considered one of the world’s leading platforms for recognizing innovation ecosystems, selecting finalists through regional and national competitions across multiple continents. According to organizers, Uzbek representatives won in two global categories. Rakhimakhon Nugmanova, founder of the startup Peritech, received the “Ecosystem Hero of the Year” award, while Catextra was named “Best Greentech Startup of the Year.” Speaking to Times of Central Asia, Nugmanova said the recognition carried special meaning because it reflected support from the international startup community itself. “For me, this award is very important because it means people themselves chose me,” she said. “It shows that the work we are doing to develop the ecosystem has been noticed and appreciated by the people it is meant for.” She added that representing both Uzbekistan and Central Asia on the global stage was significant at a time when the region is drawing increasing international attention. “I think people were able to feel my sincerity and my passion for this work,” Nugmanova told The Times of Central Asia. “For many years, I have worked at the intersection of education, technology, and the public sector, and I hope I am making a meaningful contribution to people’s lives, from children to adults.” The success in Malta follows the Global Startup Awards Central Asia regional final held in Tashkent during ICT Week in September 2025 with support from IT Park Uzbekistan. The event helped regional startups connect with investors and international technology networks. Catextra’s victory highlighted growing international interest in sustainable technologies developed in Uzbekistan. The platform focuses on transparency and traceability in the textile industry, helping manufacturers track every stage of their supply chains and verify compliance with international ethical and production standards. A member of the Catextra team, Amal Isamukhamedov, told The Times of Central Asia that the award demonstrated international confidence in an idea developed in Uzbekistan. “For our team, winning at the Global Startup Awards means recognition and trust from European technology structures in our Uzbek idea,” he said. “We realized that our idea can work not only in our region, but also beyond it.” According to Isamukhamedov, the platform is designed to help textile and agricultural exporters from Uzbekistan and Central Asia access higher-value markets in Europe, the United States, and Asia, where buyers increasingly demand proof of product origin and transparent supply chains. “Our platform helps local producers export faster, more cheaply, and more easily,” he said. He also credited growing state support for the startup sector, including initiatives backed by President Shavkat Mirziyoyev and IT Park Uzbekistan, with helping local startups enter international markets. “Five years ago, these ideas and this political will were only beginning to form,” he said. “Now a new generation of...

Opinion: A New Southern Gate – How the EU-Armenia Summit Unlocks a Critical Branch for the Middle Corridor

For the first time in its history, the European Union held a full summit with Armenia. The meeting, which took place in Yerevan on 4–5 May 2026, was not merely a diplomatic milestone for Armenia. It also sent a signal to governments thousands of kilometers away in Central Asia that the trade route linking Asia to Europe through the South Caucasus is becoming more real, and more politically backed, than ever before. The centerpiece of the summit saw the signing of a “Connectivity Partnership” between Brussels and Yerevan. The European Commission President, Ursula von der Leyen, described Armenia as "uniquely positioned" to connect Europe with the South Caucasus and Central Asia. Under the EU's Global Gateway program, investments in Armenia are expected to reach €2.5 billion. A further €3 billion is earmarked specifically for the Middle Corridor – the trade route that runs from China across Central Asia, over the Caspian Sea, through the South Caucasus, and into Europe. “We will support your integration into key transport networks like the Trans-Caspian Corridor. It is a route that is also of strategic importance for Europe, given the growing flows of trade between our two regions,” von der Leyen stated. A Route That Is Already Moving Fast The Middle Corridor, formally known as the Trans-Caspian International Transport Route (TITR), has grown at a pace that few predicted. Cargo volumes rose 70 percent in the first nine months of 2024 alone, reaching 3.4 million tons. By the end of that year, the total had climbed to 4.1 million tons – up from just 350,000 tons in 2021. The World Bank projects that the route could handle up to 11 million tonnes a year by 2030. It's important to maintain some perspective. These numbers are small fry when compared to the billions of tons of trade that moves between Europe and Asia by sea. However, the Middle Corridor does offer important diversification, particularly given the spillover effects of wars in the Middle East and piracy in the Red Sea. [caption id="attachment_48602" align="aligncenter" width="1274"] Image: Trans Caspian International Transport Route and it’s southern part, China-Kyrgyzstan-Uzbekistan Railway project. Source: middlecorridor.com[/caption] Where Uzbekistan Stands For Uzbekistan, the Middle Corridor is both an opportunity and a work in progress. In January 2025, President Mirziyoyev signed a decree to upgrade road and rail connectivity, and in September 2024, Tashkent co-founded the Eurasian Transport Route Association alongside Austria, Azerbaijan, China, Kyrgyzstan, Tajikistan, and Turkey. In December 2024, Uzbekistan sent its first block train all the way to Brazil – through Turkmenistan, Azerbaijan, and the Georgian port of Poti – proving the route is operationally viable. But costs remain a challenge. Shipping a 40-foot container via the Middle Corridor currently costs between $3,500 and $4,500, compared to $2,800–$3,200 on the Northern Corridor through Russia. Europe, meanwhile, accounts for only around 3 percent of Uzbekistan's exports and 13 percent of its imports — a share that Tashkent wants to grow significantly. The China–Kyrgyzstan–Uzbekistan (CKU) railway — a $8 billion, 573-kilometre project whose...

ADB Annual Meeting in Samarkand Unveils Major Energy, Climate, and Development Initiatives

The Asian Development Bank’s (ADB) 59th Annual Meeting concluded in the historic Uzbek city of Samarkand after four days of discussions focused on energy connectivity, climate financing, and economic resilience across Asia and the Pacific. Held from May 3 to 6, the gathering brought together government officials, development institutions, economists, and private sector representatives at a time of growing geopolitical and economic uncertainty. It marked the second time Uzbekistan has hosted the ADB Annual Meeting, following the 43rd edition in Tashkent in 2010. A central announcement at the meeting was the unveiling of a broader $70 billion regional infrastructure program aimed at accelerating energy and digital connectivity across Asia and the Pacific. The initiative is structured around two major pillars: a $50 billion Pan-Asia Power Grid Initiative focused on cross-border electricity systems, and a $20 billion digital connectivity component aimed at strengthening broadband and data infrastructure across the region. Together, these programmes are intended to reduce energy costs, improve reliability, and deepen regional economic integration. The Pan-Asia Power Grid Initiative (PAGI) In his address to delegates, ADB President Masato Kanda noted that PAGI seeks to support more interconnected and resilient infrastructure systems. "To survive and thrive in this new era, we must build deeply connected and resilient systems," he said, adding that stronger regional grids and digital networks can help countries manage rising energy demand whilst also accelerating the transition to cleaner power sources. The initiative seeks to integrate around 20 gigawatts of renewable energy capacity and the develop enough transmission infrastructure to expand electricity access for up to 200 million people. ADB officials said the bank would use its role as a regional convener to bring together governments, regulators, and private investors to overcome barriers that often slow regional infrastructure projects. The bank pointed to earlier success stories, including the Bangladesh-India power grid interconnection and the Monsoon Wind Power Project in Laos, as examples of cross-border cooperation supported through blended finance mechanisms. [caption id="attachment_37211" align="aligncenter" width="1536"] Image: TCA, Stephen M. Bland[/caption] Climate and Food Security Concerns Climate and environmental financing also featured prominently during the Samarkand meetings. On May 5, the ADB announced that the German government had joined the bank’s Nature Solutions Finance Hub with €5.5 million ($6.5 million) in grant co-financing, some of which has been earmarked for sorely needed watershed rehabilitation in Uzbekistan. The discussions also reflected growing concern over global food security and supply chain vulnerabilities linked to the ongoing war in Iran. Qingfeng Zhang, Senior Director of ADB’s Agriculture, Food, Nature, and Rural Development Sector Office, warned that disruptions around the Strait of Hormuz were increasing the cost of everything from energy to insurance, freight to fertilizer – placing additional pressure on food systems across Asia and the Pacific, including Central Asia. Unlike the shock caused by Russia’s invasion of Ukraine, which directly disrupted grain and fertilizer exports, Zhang said the current crisis was affecting agriculture primarily through higher operating and transportation costs. The Strait of Hormuz handles roughly one-quarter of global seaborne oil...

No Tanks on Red Square as Moscow’s Victory Day Pull Fades in Central Asia

Russia’s Victory Day parade on May 9 is set to be more restrained this year, with tanks, armored vehicles, and missile systems absent from Red Square for the first time in nearly two decades. The Russian Defense Ministry cited the “current operational situation,” while the Kremlin blamed what it called Ukrainian “terrorist activity.” Russia also reported drone attacks aimed at Moscow in the days before the ceremony, and security around President Vladimir Putin has been tightened. The reduced scale of the parade carries a resonance beyond Russia. Victory Day remains one of the most emotionally charged dates in the post-Soviet calendar, including in Central Asia, where families still remember relatives who fought, died, or labored during World War II. But across the region, the holiday has increasingly been placed inside national calendars rather than left as part of Russia’s political script. The contrast with last year is sharp. In 2025, Moscow marked the 80th anniversary of Nazi Germany’s defeat with its largest Victory Day parade since the start of Russia’s full-scale invasion of Ukraine. Chinese troops marched on Red Square, Xi Jinping sat beside Putin, and foreign leaders attended from across Asia, Africa, Latin America, and the former Soviet space. Tanks, rocket launchers, missile systems, drones, and other military hardware rolled through the square. This year’s guest list is more limited. The Kremlin’s initial list of foreign delegations included leaders and senior figures from Belarus, Laos, Malaysia, Slovakia, the breakaway republics of Abkhazia and South Ossetia, and representatives from Bosnia and Herzegovina’s Republika Srpska. Attendance has also been hard to read. Earlier reports said Kazakhstan’s Kassym-Jomart Tokayev and Kyrgyzstan’s Sadyr Japarov were expected in Moscow, while the Kremlin’s initial published list of foreign guests did not include any Central Asian presidents. On May 8, however, Kazakh and Uzbek media reported that Tokayev and Uzbekistan’s Shavkat Mirziyoyev were traveling to Moscow for Victory Day events. The late confirmations complicate the picture, but they do not restore the full regional show of unity seen in the last two years, when all five Central Asian presidents were present at the Moscow parade. It does suggest, however, that Moscow’s political ownership of the date is less automatic than it once was. Victory Day, which commemorates the Soviet defeat of Nazi Germany in what Russia calls the Great Patriotic War, has long been one of the main rituals of modern Russian power. It draws large television audiences, fills public space with military symbolism, and presents the Kremlin as the guardian of a sacred national memory. The holiday speaks of sacrifice and family loss, but also of nationalism and state control over history. Putin has used that language repeatedly. On May 9, 2024, after appearing on Red Square in snowfall, he said Russia was going through a “difficult, milestone period,” and warned: “We will not allow anyone to threaten us. Our strategic forces are always in combat readiness.” In 2025, he used the 80th anniversary parade to link Soviet wartime memory to Russia’s current war, saying...