• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 -0%
  • TJS/USD = 0.09196 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 -0%
  • TJS/USD = 0.09196 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 -0%
  • TJS/USD = 0.09196 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 -0%
  • TJS/USD = 0.09196 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 -0%
  • TJS/USD = 0.09196 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 -0%
  • TJS/USD = 0.09196 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 -0%
  • TJS/USD = 0.09196 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00200 -0%
  • TJS/USD = 0.09196 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%

Viewing results 1 - 6 of 102

Uzbekistan and Hungary Use Nobel-Winning Discovery to Develop Health Supplements

Scientists from Uzbekistan and Hungary are collaborating to develop new health supplements derived from sweet wormwood (Artemisia annua), a plant known for its medicinal properties. The research is being conducted by the Pharmaceutical Institute of Tashkent and Hungary’s Meditop Pharmaceutical Ltd. The project is based on the groundbreaking work of Chinese scientist Tu Youyou, who won the 2015 Nobel Prize in Physiology or Medicine for discovering artemisinin, a compound extracted from sweet wormwood that effectively treats malaria. The joint initiative aims to produce antiseptic and anti-inflammatory supplements in various forms, including capsules, ointments, hydrogels, mouthwashes, and ear drops. These products are classified as food supplements rather than medicines. Currently, researchers are testing the active compounds on animals to evaluate their effectiveness. While still in the early stages of development, with prototypes being tested, mass production is planned to take place in Uzbekistan using Hungarian pharmaceutical expertise. It remains uncertain whether all prototypes will reach large-scale production, but both sides express optimism about the project’s potential. This collaboration is part of a broader partnership between the two countries. In 2023, Hungarian Foreign Minister Péter Szijjártó and Uzbek Minister of Investment, Industry, and Trade Laziz Kudratov announced plans to establish a special industrial zone in Uzbekistan for Hungarian companies. Sweet wormwood has been used in traditional medicine for centuries, particularly in Chinese medicine, where it has been employed to treat fever and infections. In recent years, artemisinin has been investigated not only for malaria treatment but also for its potential applications in cancer therapy and respiratory health, including during the COVID-19 pandemic.

Opinion: How Central Asia Has Strengthened Ties with the West Since 2022

The Russian invasion of Ukraine has changed the relationship between Russia and Central Asia. Russia’s decision to invade a neighboring country, and the devastation and destruction that followed, has forced Central Asia to reconsider its relationship with the Russian Federation.  Russia is no longer seen as an “invincible superpower,” meaning it cannot be relied on to protect other members of the CSTO (Collective Security Treaty Organization). In addition, the U.S. and European countries have levied heavy sanctions on Russia for its invasion of Ukraine. Russia has attempted to evade these sanctions by conducting business with third parties, but the international community has warned several organizations and countries not to partake in these relations. Otherwise, should these businesses and countries opt to help Russia, then the international community has said that it will impose stiff penalties on these Russian intermediaries as well. Given these events, the Central Asian states have now been actively pursuing new relationships beyond Russia to bolster national, economic, and energy security within the region. During this process, China has attempted to assert itself as Central Asia’s new ally. Like Russia, China already has a significant trade relationship with Central Asia. In addition, China is Central Asia’s largest gas consumer, meaning the Chinese have attempted to force Central Asia into an economic and energy partnership. Despite this relationship, the countries of Central Asia have opted not to increase their reliance on China. Instead, recent developments have led them to improve their relations with the United States, the United Kingdom, and the European Union. But how has the West strengthened its relationship with Central Asia since 2022? Take, for example, the United States. When Russia’s invasion began in February 2022, the then U.S. Secretary of State Antony Blinken met with foreign ministers from Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan to discuss the war. During their meeting, Secretary Blinken stated that the United States supports Central Asia’s “sovereignty, independence, and territorial integrity.” He also said that the United States will continue to strengthen its relationship with the region. Since this meeting, Blinken has met with foreign ministers from Central Asia on several occasions in 2023 and 2024, where they further discussed how Central Asia can “develop the strongest possible capacities for their own security, their growing economic prosperity, and the strength and resilience of their societies.” Furthermore, U.S. President Joe Biden met with senior officials from Central Asia. During his meeting with his Central Asian counterparts in September 2023, Biden said that the United States would help “invest in and develop Central Asia’s energy infrastructure.” The United States also established a new business initiative with Central Asia, where the United States has provided hundreds of millions of dollars in assistance to the region. Then, during the United States-Central Asia Trade Investment Framework Council in June 2024, the United States and the Central Asian states discussed new investment opportunities and how they could diversify trade. These discussions were well received, and the United States called for future engagements between it and Central...

Uzbek Star Khusanov Named Man City’s Player of the Month

Uzbek footballer Abdukodir Khusanov has made history by being named Etihad Player of the Month for February, just six weeks after joining Manchester City on a four-and-a-half-year contract. A Rapid Rise at City Khusanov has quickly won over fans with his strong, fast, and determined defensive performances under head coach Pep Guardiola. His impressive displays earned him the highest number of votes ever recorded for the award, surpassing star players Erling Haaland and Joško Gvardiol. The 21-year-old, who recently celebrated his birthday, has already made a significant impact at City. He scored his first goal for the club in early February, helping City secure a 2-1 victory against Plymouth Argyle in the FA Cup. Last month, he played every minute of City’s Premier League matches against Newcastle, Liverpool, and Tottenham Hotspur. The team won two of these games, keeping clean sheets against Newcastle and Spurs. Even in City’s defeat to Liverpool, Khusanov stood out as one of the team’s best performers. His steady improvement suggests he is adapting well to English football. Transfer and Future Prospects As previously reported by The Times of Central Asia, Khusanov joined Manchester City from French club Lens in a €40 million transfer. He signed a contract until June 2029, with an option to extend for another year. Manchester City congratulated Khusanov on his award and thanked fans for their votes. With such a strong start, many believe he has much more to offer Guardiola’s squad in the future.

How Trump’s Trade War on China Affects Central Asia

When elephants fight, it is the grass that suffers. U.S. President Donald Trump’s decision to impose tariffs on China and the European Union could have severe consequences not only for Brussels and Beijing, but also for economies around the world. Central Asia is no exception, as it could easily be caught in the crossfire. Although no country in Central Asia sees the United States as its major economic partner, Trump’s trade war with the EU and China is expected to impact all Central Asian nations in one way or another. Their strong economic ties with China and the growing EU presence in the region were once seen as a strategic advantage. Now, it seems to represent a double-edged sword.  As a result of the Russian invasion of Ukraine, all Central Asian states have sought to strengthen economic relations with Beijing and Brussels. Their partnerships with China and the EU have grown through trade and investments, but Washington’s tariffs on Chinese and European goods could result in a reduction in demand for various items in Central Asia.  Trump’s tariff policy could also give Beijing certain leverage over Washington in the strategically important region. According to Mark Temnycky, Nonresident Fellow at the Atlantic Council Eurasia Center, as a way to counter the impact of U.S. tariffs, the Chinese could increase their trade and energy relations with the countries of Central Asia. “This would further accelerate China’s relationship with Central Asia, and it could result in the regional states becoming more dependent on the Chinese for trade. Given the proximity of China to Central Asia, this may also result in the regional nations reducing their trade relations with the European Union as well as with the United States, as they favor Chinese prices,” Temnycky told The Times of Central Asia in an interview.  U.S. bilateral trade in the region has never been particularly strong. The exception is Kazakhstan – the region’s largest economy – which is the only country in Central Asia whose trade with the U.S. exceeds one billion dollars. According to official statistics, in 2024 America’s total goods trade with Kazakhstan was estimated at $3.4 billion. Uzbekistan, Kyrgyzstan, Tajikistan, and Turkmenistan combined have a lower trade volume with the United States than Kazakhstan. But all that is just a drop in the ocean compared to the $89.4 billion trade China reached with Central Asian in 2023. “Trump’s tariff policy could lead to an even greater Central Asian states’ dependency on China, potentially creating a Chinese monopoly on Central Asian trade and energy. In other words, regional countries would no longer have a diversified economy and market, thus tightening China's control over the area,” Temnycky stressed. That, however, does not necessarily mean that Beijing will, in the long term, benefit from Washington’s tariff policy. According to Tyler Schipper, an economist and Associate Professor at the University of St. Thomas, China is “arguably at one of its economically weakest points in the last several decades,” which means that any trade war with the...

Uzbekistan Ratchets Up Drive Against “Evil” of Corruption

Uzbek President Shavkat Mirziyoyev announced a major shakeup of Uzbekistan’s campaign against corruption on Wednesday, ordering the dismissal of the heads of anti-corruption bodies in 117 ministries and departments and saying many officials had fostered mistrust by failing to deliver clean government as promised. Mirziyoyev, who took office in 2016, described corruption as an obstacle to Uzbekistan’s efforts to reform its economy. He said that, while there had been progress toward transparency, virtually every sector in the nation, including the media, schoolteachers, non-governmental groups and neighborhood authorities, should mobilize alongside the state to fight the scourge.  “Corruption is such an evil that it undermines people's trust in the state, the Constitution and laws, and becomes a serious threat to sustainable development and security,” Mirziyoyev said at a meeting of the National Anti-Corruption Council, which was established in 2020 to lead efforts to curb graft.  International groups that study corruption have long said that autocratic tendencies, opaque bureaucracy and weak justice systems in Central Asia make it hard for those countries to get a comprehensive grip on the problem and hold the powerful – regardless of their political allegiances - to account for any wrongdoing.  Even so, Kazakhstan has taken some notable steps, expanding its outreach to other countries in an effort to recover stolen assets and considering the establishment of a public register of officials convicted of corruption-related offenses.  Uzbekistan has similarly made advances, while falling short on enforcement and other pledges. A 2024 report by the Organisation for Economic Co-operation and Development noted that prosecution of corruption offenses in Uzbekistan “is generally ensured, but more efforts should be directed at countering high-level corruption;” that there is no specialized legislation related to the protection of whistleblowers; and that while Uzbekistan has a business ombudsman institution, “companies do not report cases of corruption for fear of negative repercussions from the state.” Mirziyoyev’s remarks, which included scathing criticism of the alleged passivity of some officials, appeared designed to give new momentum to the kind of openness that his government deems essential to a successful, diversified economy.   “The Prime Minister was instructed to dismiss the heads of the "internal anti-corruption control" structures in 117 ministries and departments and replace them with honest, dedicated and professional personnel, and to set clear tasks for them,” Sherzod Asadov, the presidential press secretary, said in an account of the meeting that he posted on Facebook. Ministers will directly employ regional compliance officers and “take political responsibility and personally answer for corruption in the entire system,” according to the account.  Uzbekistan’s Minister of Emergency Situations, Abdulla Kuldashev, was recently fired because of fire safety bureaucracy and legal violations, the president said. He also expressed frustration that he had to personally instruct measures against wasteful spending in investment and healthcare programs last year, resulting in the saving of several hundred million dollars.   "But why should these works begin after the president gives an order?" he said.   One measure that Uzbekistan previously introduced is an index that rates the openness of...

How the Middle Corridor Is a Game-Changer for Uzbekistan

Uzbekistan has been working to enhance its role in the Middle Corridor, also known as the Trans-Caspian International Transport Route (TITR). This push reflects Uzbekistan’s strategic aim to diversify trade routes and reduce dependence on Russia. However, it is not just a diversification effort. It is an aspirational strategic pivot whereby Tashkent seeks to recalibrate its position and enhance its resilience within the ongoing geoeconomic restructuring of Eurasian trade. In January 2025, President Shavkat Mirziyoyev outlined a five-year plan to upgrade infrastructure and streamline trade. The measures enumerated in the decree include improving road and rail connectivity, expanding truck stops, and enhancing border-crossing efficiency at key points.  Uzbekistan’s infrastructural investments, diplomatic realignments, and institutional relations with regional stakeholders reinforce one another. Moreover, they are co-dependent mechanisms in a larger recalibration of Eurasian trade. Azerbaijan is a case in point. The diplomatic realignment under way was exemplified in August 2024, when Uzbekistan and Azerbaijan signed their bilateral Treaty on Allied Relations, which supports infrastructure projects and the amelioration of trade coordination. In this connection, Uzbekistan is currently investing $18 million in construction of logistics terminal in the Poti Free Industrial Zone in Georgia, an initiative that could streamline transit to Europe, provided that regulatory alignment keeps pace. The country’s increased reliance on Georgian ports has paralleled efforts to coordinate rail administration across multiple transit states. So in September 2024, Uzbekistan took a decisive step by co-founding the Eurasian Transport Route Association along with Austria, Azerbaijan, China, Kyrgyzstan, Tajikistan, and Turkey. These partners are converging on a framework to standardize freight policies, minimize regulatory unpredictability, and optimize throughput along the corridor. As a demonstration of the corridor’s expanding logistical reach, Uzbekistan dispatched its first block train to Brazil in December 2024, demonstrating the potential for new international market connections through modular trade integration. The container train carried 28 tons from Tashkent through Turkmenistan, Azerbaijan, and Georgia before reaching Brazil by sea. Following a similar strategy, earlier this year, at the end of January in Ankara, Uzbekistan participated in its second trilateral meeting with Turkey and Azerbaijan, focusing on developing trade, investment, and transport links through the Middle Corridor. A set of interdependent “adaptive constraints” (in systems-theory language) constrains the Middle Corridor’s long-term viability. For example, infrastructure bottlenecks do more than cause delays. They exacerbate cost unpredictability, instilling hesitation among investors, who remain wary of investment to an unpredictable transit network. Such reluctance to commit capital in turn limits the very infrastructure improvements needed to resolve the said bottlenecks. To overcome these challenges, Uzbekistan is investing in infrastructure improvements, in the expectation that these will help attract foreign direct investment while also improving trade efficiency over time. Yet beyond the standard geopolitical risks of political instability in transit countries, shifting geoeconomic alignments, and competition from other routes, there are infrastructural and operational challenges. Broadly summarized, these include bottlenecks (such as just mentioned), regulatory inconsistencies, and environmental concerns. External assessments nevertheless suggest long-term structural advantages for Uzbekistan’s deeper engagement in the Middle Corridor. A...