• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00203 0%
  • TJS/USD = 0.10398 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00203 0%
  • TJS/USD = 0.10398 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00203 0%
  • TJS/USD = 0.10398 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00203 0%
  • TJS/USD = 0.10398 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00203 0%
  • TJS/USD = 0.10398 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00203 0%
  • TJS/USD = 0.10398 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00203 0%
  • TJS/USD = 0.10398 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00203 0%
  • TJS/USD = 0.10398 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Our People > Vagit Ismailov

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Vagit Ismailov

Journalist

Vagit Ismailov is a Kazakhstani journalist. He has worked in leading regional and national publications.

Articles

Prices in Turkmenistan Rise Sharply Due to the Situation in the Middle East

Military activity in neighboring Iran has begun to directly affect Turkmenistan’s economy. Disruptions to supplies from a key trading partner have triggered a sharp increase in prices for food, household chemicals, building materials, and cigarettes. According to retailers, this may only be the beginning as existing stocks are running low and prices continue to climb. Despite having domestic production, Turkmenistan remains heavily dependent on imports from Iran, particularly for food products, household chemicals, and construction materials. The conflict in Iran has disrupted established logistics routes, causing prices for several categories of goods to rise significantly across Turkmenistan. Vegetables and citrus fruits have seen some of the steepest increases. Prices for potatoes and cucumbers have risen by three to three-and-a-half times, while citrus fruits have become about 50% more expensive. Cigarette prices have already increased by roughly 40%, and traders warn that further rises are likely. At the end of February, a kilogram of potatoes imported from Iran cost between $1.45 and $1.74 in Ashgabat. The price has now risen to $4.93 per kilogram. A similar trend has been observed for cucumbers, whose price increased from $2.32 to $4.93 per kilogram. Citrus fruits have become even more expensive. Oranges have risen in price from $2.61 to $5.22 per kilogram, while mandarins have increased from $3.48 to $6.38. Residents of Turkmenistan are also facing higher prices for household chemicals. Although the increase has not yet been as dramatic, retailers say the upward trend is clear. Tobacco products have also risen significantly in price, with cigarettes increasing by an average of about 35%. The construction sector has also been affected. Prices for cement, wood, metal, and other building materials have increased by around 40%. These increases are linked to disruptions in established supply routes. Some construction materials were previously imported from the United Arab Emirates via Iran. Businesses are now being forced to search for alternative logistics routes, including through Georgia and Azerbaijan, which significantly increases transportation costs. On March 4, customs regulation issues were discussed at a meeting of Turkmenistan’s Security Council. However, according to a report by the state news agency TDH, the head of the State Customs Service, Maksat Khudaygulyev, did not address the current supply disruptions. His remarks focused on the planned development of the agency. Price increases linked to events in Iran are not new for Turkmenistan. A similar situation was observed in the summer during the 12-day war. Supply problems also emerged in the fall of 2024, when Iran temporarily closed its border. During that period, vegetable oil prices increased significantly and shortages were reported.

7 days ago

Almaty Hosts Ranking Business Day Discussion on Whether E-Commerce Could Become Kazakhstan’s “New Oil”

On February 26, Almaty hosted the first Ranking Business Day, an expert discussion in an open-talk format dedicated to the development of e-commerce in Kazakhstan. The event was organized by the analytical platform Ranking.kz and the communications agency 2BAgency. The central question of the meeting was whether e-commerce could become a new driver of economic growth in Kazakhstan. Sedred Asretov, CEO of Ranking.kz, presented the results of a study on the country’s e-commerce market. According to the data, the volume of retail e-commerce in Kazakhstan reached $6.4 billion in 2024, an increase of 29% compared with the previous year. “E-commerce today is not just a new sales channel. It is a full-fledged ecosystem that combines payments, logistics, marketing, and services,” Asretov said. He emphasized that more than 90% of sales on marketplaces come from small and medium-sized businesses (SMBs), making e-commerce an important tool for supporting entrepreneurs across the country. Small and medium-sized businesses currently account for about 40% of Kazakhstan’s GDP and 70% of investment in fixed capital. Marketplaces have become a key sales channel for SMBs, allowing companies to reach broad audiences without major spending on IT infrastructure, marketing, or logistics. This is particularly important for entrepreneurs in regional areas where traditional sales channels are limited. At the same time, electronic trading platforms make a significant contribution to the state budget. According to the study, Kaspi.kz ranked first in tax payments, contributing approximately $276 million in 2025, a 3.5% increase from the previous year. Wildberries ranked second with $116 million in tax payments, followed by Ozon with approximately $30 million. During two discussion sessions, experts and representatives of government agencies, the banking sector, and major e-commerce companies discussed key market challenges. Among the main issues raised were: unequal competition between local and foreign platforms; the growing influence of foreign marketplaces; the need for systematic regulation of the industry. Particular attention was given to discussion of a new consumer protection law. Deputy Azat Peruashev of Kazakhstan’s lower house of parliament, the Mazhilis, said lawmakers had proposed requiring foreign marketplaces not only to pay VAT but also to cooperate with Kazakhstani manufacturers. “We approached the Ministry of Trade and Integration with a proposal to oblige foreign marketplaces to cooperate with Kazakhstani manufacturers. However, we were told that such conditions cannot be imposed. But this is a negotiation process, and the state should take a stronger position,” he said. Experts also discussed potential future changes in the market. Damir Meyrambekov, managing director for e-commerce at Kazpost, said a new trading platform created in partnership with one of the largest Chinese marketplaces may appear in Kazakhstan in the near future. Evgenia Savenkova-Petrichenko, head of the Wildberries commerce department in Kazakhstan, also commented on reports that the company may purchase a Kazakh financial organization. She did not deny the possibility but said it was too early to make any official statements. The organizers said they intend to make Ranking Business Day a regular platform for discussing key issues related to the digital economy....

1 week ago

Evacuation Through Turkmenistan: Dozens of Foreigners Leave Iran as Assistance Conditions Vary

Amid the ongoing military conflict involving Iran, foreign nationals have begun leaving the country by land. One of the main evacuation routes has been through neighboring Turkmenistan, although the conditions for departure and the level of assistance provided to citizens of different countries have varied. Foreign citizens began leaving Iran after strikes were launched on its territory. With Iranian airspace closed, evacuation has only been possible by land. According to diplomatic sources in Kazakhstan, Russia, Uzbekistan, and South Korea, about 60 foreign nationals have already left Iran via Turkmenistan. Kazakhstan’s Minister of Transport, Nurlan Sauranbayev, said that on March 2, 18 Kazakh citizens were successfully evacuated from the northern Iranian city of Gorgan. The closest available route was through the Turkmen border. According to the minister, Turkmen authorities granted permission for the group to cross the border, although the specific checkpoint used was not disclosed. Serakhs remains the main transit crossing in this direction, while other checkpoints remained closed until March 2. On the same day, a group of eight Russian citizens crossed the border through the Serakhs checkpoint. According to Igor Samoshkin, head of the consular department of the Russian Embassy, Turkmen officials met the arrivals at the border and arranged transportation to Ashgabat as well as hotel accommodation. Russian diplomats later assisted the group with further travel arrangements. On March 3, the group flew home on an S7 Airlines flight. On March 3, 13 citizens of Uzbekistan crossed the border in an organized manner through the same Serakhs checkpoint. According to the Dunyo news agency, they were met by Uzbek embassy staff in official vehicles. After the Gaudan-Bajgiran crossing opened, diplomats also began meeting their citizens there. However, the subsequent route taken by the Uzbek nationals was not specified. There are currently no direct flights between Turkmenistan and Uzbekistan, and the distance from Serakhs to the nearest land crossing between the two countries, Farab-Alat, is about 460 kilometers. On the same day, a group of 23 South Korean citizens entered Turkmenistan. According to The Korea Times, they were accompanied by South Korean diplomats throughout their transit in the country before departing from Ashgabat on individual flights. Representatives of the South Korean embassy noted the prompt response of Turkmenistan’s Ministry of Foreign Affairs, as well as assistance with immigration procedures, consular support, accommodation, and flight reservations. Foreign citizens require a visa to transit through Turkmenistan, and this requirement has not been completely waived even during the evacuation. As Russian diplomat Igor Samoshkin explained, those seeking to leave Iran through Turkmenistan must first contact their country’s embassy in Iran and submit documents for a visa. The diplomatic mission then sends a request to the Turkmen authorities, after which further coordination takes place between Ashgabat and the relevant embassies accredited in Turkmenistan. Turkmen authorities directly accompanied only the Russian citizens. For other foreign nationals, their respective diplomatic missions were responsible for organizing further travel arrangements. The reasons for the differences in the level of assistance have not been publicly explained. It...

1 week ago

Azerbaijan Accuses Iran of Drone Attack on Nakhchivan

Drones allegedly launched from Iranian territory struck Azerbaijan’s Nakhchivan Autonomous Republic around noon on March 5, Azerbaijan’s Foreign Ministry has said. According to the ministry, one drone fell on the terminal building of Nakhchivan International Airport, while another crashed near a school in the village of Shekerabad. Azerbaijan’s Foreign Ministry issued a statement following the incident, "strongly condemn[ing] these drone attacks carried out from Iranian territory, which caused damage to the airport building and injured two civilians,” the ministry said in a statement. The ministry added that the strike on Azerbaijani territory violates the norms and principles of international law and risks escalating tensions in the region. Baku has demanded that Tehran promptly clarify the circumstances of the incident, provide official explanations, and take immediate steps to prevent similar events from occurring in the future. “The Azerbaijani side reserves the right to take appropriate retaliatory measures,” the statement said. Following the incident, Iran’s ambassador, Mujtaba Demirchilu, was summoned to the Azerbaijani Foreign Ministry, where he is expected to receive a formal protest note. The strikes coincided with an appeal by Iranian President Masoud Pezeshkian to neighboring countries. According to Pezeshkian, Iran has sought to prevent conflict through diplomatic means but ultimately had no choice but to defend itself. “We respect your sovereignty and believe that the security and stability of the region must be achieved through the collective efforts of its countries,” Pezeshkian wrote on X. Earlier reports indicated that the Azerbaijani authorities were assisting citizens of Central Asian countries in leaving Iran through the Julfa border crossing in Nakhchivan following the start of military operations involving the Islamic Republic. Iran’s military denied launching the drone attack, instead accusing Israel of attempting to provoke tensions between Muslim countries.

1 week ago

Kazakh Startup Defect AI Accepted into StartX Accelerator at Stanford University

Kazakhstan-based startup Defect AI, part of the Astana Hub ecosystem, has been selected for the spring 2026 cohort of the StartX accelerator at Stanford University. The program is considered one of the most competitive in Silicon Valley and brings together promising technology projects from around the world. The platform developed by the startup uses artificial intelligence to analyze medical documentation. According to the developers, the algorithm can reduce the time spent on manual document verification by up to 95%. The service is designed to help medical organizations comply with regulatory requirements and standards while reducing the administrative burden on doctors. The product is positioned as an AI assistant that structures documentation and processes large volumes of medical data without requiring additional staff. The startup operates internationally under the brand name Rette, derived from the Kazakh word “retteu,” meaning “to put in order.” Experience gained from implementing the technology in Kazakhstan allowed the team to test the product in a real healthcare system. However, the company’s main strategic focus is now shifting to the U.S. market. The Defect AI team operates globally, with key employees based in Kazakhstan, the U.S., Japan, the United Kingdom, and Germany. The team includes specialists with experience at Meta, Google, and Microsoft. Through its participation in the StartX program, the startup has formed an advisory board that includes practicing doctors and medical technology investors. Co-founder Sanzhar Myrzagalym said the road to the accelerator was a long one. The team applied four times before being accepted into the program.

1 week ago