• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.10899 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.10899 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.10899 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.10899 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.10899 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.10899 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.10899 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 -0%
  • TJS/USD = 0.10899 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
09 December 2025

Kazakhstan and China to Build Ground Satellite Station in Almaty

Kazakhstan and China have agreed to jointly construct a ground satellite station in Almaty, a $3 million initiative, aimed at enhancing scientific cooperation and strengthening regional satellite data infrastructure.

The station will be located on the campus of Al-Farabi Kazakh National University and developed in partnership with China’s Hainan Satellite Data and Application Research Center and Northwestern Polytechnical University. According to Kazakhstan’s Ministry of Science and Higher Education, the station will operate in the X-band frequency, enabling it to receive and transmit data from both Kazakh satellites and foreign spacecraft.

The project was formalized during a recent visit by a delegation from China’s Hainan Province, where officials signed a protocol confirming the station’s placement at the Kazakh branch of Northwestern Polytechnical University.

“This initiative builds on last year’s cooperation agreement between Al-Farabi Kazakh National University and China’s Northwestern Polytechnical University to conduct joint research using a microsatellite,” said Margulan Ibraimov, Vice-Rector for Research and Innovation at the university.

“That agreement directly followed the joint statement made by President Kassym-Jomart Tokayev and President Xi Jinping during the latter’s state visit to Kazakhstan. Our researchers are currently working together on the NKSAT project, a next-generation microsatellite that will be the first of its kind in the region,” Ibraimov added.

The satellite ground station is expected to play a key role in the collection, sharing, and practical application of satellite data across Kazakhstan and neighboring regions of China. It also reflects a broader expansion of Kazakh-Chinese collaboration in advanced technology sectors, including aerospace, digital infrastructure, and academic research.

This initiative aligns with Kazakhstan’s long-term strategy to build domestic capabilities in space science and data-driven technologies, and to position the country as a regional hub for satellite-based services and innovation.

Kyrgyzstan Launches Registry of Reliable Entrepreneurs

The Ministry of Economy and Commerce of Kyrgyzstan has opened applications for a newly established Registry of Reliable Entrepreneurs, aimed at promoting transparent and responsible business practices. According to officials, companies listed in the registry will receive a range of incentives and benefits from the state.

The registry is open to all eligible businesses, including large companies and individual entrepreneurs operating under patent regimes. To qualify, applicants must meet several criteria:

  • At least three years of operational history
  • No outstanding debts related to taxes or social contributions
  • Timely payment of wages at or above the industry average
  • Compliance with labor laws and standards
  • A clean criminal record for company leadership in relation to economic offenses

An Official “White List” of Trusted Businesses

The Chamber of Commerce and Industry (CCI) of Kyrgyzstan, which has experience in compiling similar business listings, has been tasked with managing the registry.

“The Registry of Reliable Entrepreneurs is an official list of companies and individual business owners recognized by the state as trustworthy, honest, and socially responsible. In other words, it serves as a white list of the best representatives of business operating transparently and legally,” the CCI stated.

Applications must be submitted by August 5, 2025. A joint commission comprising representatives from the Ministry of Economy and the CCI will review applications and issue decisions accordingly.

Incentives for Registered Businesses

Business leaders say inclusion in the registry will enhance corporate reputation, foster trust among customers and government agencies, and encourage ethical business practices.

“The registry encourages businesses to operate honestly, comply with laws, and contribute to the country’s economic development,” noted one participant.

In addition to reputational benefits, companies listed in the registry will enjoy several practical advantages:

  • Exemption from government inspections for up to three years
  • Priority service at tax offices
  • Free advertising slots on national television during designated times
  • Complimentary participation in international exhibitions, trade fairs, and forums organized by the Kyrgyz government

Moving from Private to State-Backed Recognition

Previously, similar registries were compiled only by private initiatives. Business associations, including the CCI itself, created so-called “elite lists” funded through membership fees and shared with potential foreign partners to facilitate business cooperation.

Unlike those earlier efforts, the new government-backed registry is free of charge and formally recognizes businesses that operate transparently and in full compliance with Kyrgyz law.

EDB Analysts Predict Record Economic Growth for Tajikistan

Tajikistan’s economy is projected to grow at its fastest pace in two decades, reaching 8.4% in 2025. This forecast comes from the Eurasian Development Bank’s (EDB) latest macroeconomic report, presented to member states of the Eurasian Economic Union (EAEU) and other participating countries.

Migrant Remittances and Economic Drivers

EDB analysts attribute this strong growth to several key factors: sustained domestic consumption, a favorable external economic environment, and high global prices for gold, one of Tajikistan’s primary exports.

Remittances from Tajik migrant workers remain a critical source of financial inflows, accounting for roughly 45% of the country’s GDP. This long-standing trend has consistently supported domestic consumption and overall economic stability.

The EDB projects continued strong growth in the medium term, with GDP expected to expand by 8% in 2026 and 7.1% in 2027. While the pace is forecast to slow slightly, Tajikistan’s growth will remain high relative to regional and global averages.

Despite these positive indicators, EDB economists caution that several risks could undermine the forecast. These include potential fluctuations in commodity prices, geopolitical instability, international trade disputes, and a possible decline in migrant remittances, especially from oil-exporting countries where many Tajik workers are employed.

Regional and Global Outlook

For the broader Eurasian Economic Union which includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia, the EDB projects GDP growth of 2.7% in 2025. This marks a slowdown from 4.5% growth in 2024, driven largely by weakening business activity in the United States and European Union.

Globally, economic growth is expected to decelerate to 3% in 2025, down from 3.3% the previous year. The United States is forecast to slow to 1.4%, while the eurozone is projected to grow by just 0.6%. In contrast, China is expected to maintain a 5% growth rate, bolstered by policies aimed at stimulating domestic consumption and expanding industrial clusters.

Despite global headwinds, the Eurasian Economic Union, established in 2015, continues to exhibit economic resilience. By the end of 2024, the combined GDP of member states reached $2.6 trillion. Intra-union trade is nearing the $100 billion mark, and the bloc accounts for 4.2% of global economic output.

Fatherless Tajik Children: The Social Consequences of Labor Migration

Labor migration has become a daily reality in Tajikistan, and a vital means of survival for many families. It is estimated that between 800,000 and 1 million citizens (up to 20% of the labor force) work abroad. Remittances make up a significant share of GDP, estimated between 27 % and nearly 50 %, with one measure at 45 % in 2024, helping families cover essential expenses such as food, education, and healthcare. However, this economic stability comes at a high social cost, which is often paid by the children left behind, many of whom grow up without adequate parental care.

Shifting Roles: Mothers and Children Left Behind

The prolonged absence of a father figure significantly alters family dynamics. Women, mothers, grandmothers, and often older children assume all household and caregiving responsibilities. Tasks traditionally viewed as “men’s work,” such as repairing windows, chopping wood, and cultivating land, are now undertaken by those remaining at home.

Children are frequently forced to grow up early. Older siblings help raise younger ones, cook meals, and manage household chores while their mothers work. In some cases, these duties interfere with education. In rural areas, it is not uncommon for girls to leave school after the ninth grade to help sustain the household. Experts note that parental absence accelerates emotional and social maturity by placing an undue burden on children.

Studies confirm this trend: around 15% of children aged 10 to 14 in migrant households are engaged in informal labor, working in markets or fields instead of attending school. As a result, many children are deprived of a full childhood and are compelled to act as “little adults,” shouldering family responsibilities.

The issue is widespread. In Tajikistan, where labor migration is especially intense, up to 30% of school-age children are raised by grandparents or extended family members. Thousands grow up under the care of older siblings while both parents or, more commonly, fathers, are abroad.

The Emotional Toll: Loneliness and Psychological Strain

The long-term absence of fathers also takes a psychological toll. While phone and video calls offer some form of connection, they are no substitute for physical presence. Communication is often irregular: surveys show that 70% of children speak with their migrant parent less than once a week, and 15% only once a month. Feelings of abandonment and emotional detachment are widespread.

One in three children of labor migrants reportedly exhibits signs of depression, including apathy, sadness, and a declining interest in school. Approximately 40% feel lonely and emotionally neglected. Teachers note lower academic performance and reduced motivation among these children. Moreover, the absence of paternal supervision can contribute to behavioral issues: up to 10% of adolescents from migrant families in Tajikistan display signs of deviant behavior, such as aggression and minor offenses, significantly higher than among their peers in two-parent households.

Family relationships often suffer as well. Women left behind effectively become single parents, managing both emotional and material responsibilities. Years of separation, financial strain, and infrequent visits can lead to emotional distance between spouses. Observers note that one in four migrant families in rural Tajikistan has experienced divorce or permanent separation. Conversely, some men form new families abroad. A growing number of Tajik migrants in Russia, for example, choose not to return home, abandoning their families in Tajikistan.

For women, the choice becomes stark: wait indefinitely or attempt to rebuild their lives alone.

Voices from the Field: Personal Stories

Nigora, 17, Penjikent: “My parents left for Russia when I was about ten. At first, I kept waiting, every year they promised, ‘We’ll be back for good soon.’ But in reality, they visited once a year at most, and briefly. Now, I’ve stopped counting the days. My younger brother and I have gotten used to this life.

“Our grandparents raised us. They do their best, but it’s not the same. When my friends have celebrations and their parents show up, I feel a void. But most of my peers share the same story: parents gone, rare video calls, gifts in the mail, and promises to return. I guess we’re already a generation raised by grandmothers.”

Mavjigul, 28, Khorog, primary school teacher: “My father left to earn money when I was about five, first to Russia, then to Kazakhstan. He rarely came home. My younger siblings barely remember him. For them, he’s just the face in a framed photo. My sister and I once argued about what his voice sounded like. His image became abstract, like a fictional figure.

“Now I work with children, and I see how vital a father’s presence is, not just on the phone, but physically, emotionally. Sometimes I feel sad we didn’t have that. But I know he left for us, for our education, our future.”

Nasim, 18, Bokhtar, medical student: “My father left for Russia when I was seven. I didn’t understand why at the time, I only heard the adults say it was necessary so we wouldn’t starve. He’s only been back a few times since then, mostly for short holidays.

“My mom handled everything: the house, the garden, and raising us.

“When things get tough, I wonder what it would be like if my father were around. Sometimes I just need his advice or another point of view. We talk on the phone, but it’s not the same. It’s like he’s both there and not there. I don’t blame him. He left for our sake. I just hope that one day we’ll be a family again, not on a screen, but sitting at the same table.”

Toward Solutions: Supporting the Children of Migration

In recent years, the plight of “children of migration” has gained more attention from both the government and civil society. Recognizing the scale of the problem, the Tajik government, together with international partners, has started taking steps.

UNICEF and other organizations have launched social support programs across Central Asia. In Tajikistan and Kyrgyzstan, around 3,000 migrant families have gained access to microloans and agricultural training, enabling many mothers to earn an income locally. After-school programs and children’s centers have also been established, offering safe spaces for unsupervised youth.

Psychological support services are gradually expanding. Since 2018, a program in Uzbekistan supported by the EU and UNICEF has provided psychological and material aid to migrant families and trained social workers. Similar initiatives in Tajikistan have reached nearly 10,000 children, offering psychosocial care, educational support, and household monitoring.

The authorities are also developing national roadmaps to address the needs of migrant families and prevent child neglect. However, these programs still reach only a small proportion of affected children.

In rural areas, where most migrant workers originate, the support infrastructure remains limited. Many caregivers do not seek psychological assistance. In Tajikistan, 60% of grandparents raising migrant children believe they can manage alone.

Experts emphasize that more comprehensive measures are needed. Improving children’s access to education and healthcare, expanding school-based psychological services, and, most critically, creating sustainable economic opportunities at home are essential to addressing the root causes of labor migration.

Halyk Bank Buys 49% Stake in Uzbekistan’s Click in Landmark Fintech Deal

Almaty – Kazakhstan’s Halyk Bank has announced it will acquire a 49% stake in Uzbek digital payments company Click for $176.4 million, marking one of the largest cross-border banking investments in Central Asia to date.

The deal values Click at approximately $360 million, highlighting the growing importance of digital finance in the region’s rapidly evolving financial landscape. With over 20 million customers, Click is one of Uzbekistan’s most widely used payment providers.

As part of the agreement, Click will also take a 49% stake in Tenge Bank, Halyk’s Uzbek subsidiary, for $60.76 million. The reciprocal structure of the deal is designed to foster tighter operational integration and shared technological infrastructure between the two institutions – a significant step toward regional financial harmonization.

“This is a historic moment for Click. Partnering with Halyk Bank and expanding our capabilities through Tenge Bank represents a major step forward in delivering world-class digital financial services to millions of users,” said Ulugbek Rustamov, CEO of Click. “At the same time, the structure of the deal ensures Click retains its independence, continues to shape its strategic vision, and remains a proud national brand.”

Strategic Push Toward Integration

The announcement comes as both Kazakhstan and Uzbekistan continue efforts to modernize their financial systems and ease cross-border payments. Regional trade between the two nations has grown steadily in recent years, with bilateral trade turnover reaching $4.22 billion in 2024, up from $2.9 billion in 2020.

Halyk Bank, already Kazakhstan’s dominant financial institution with a 29% market share and more than 10.9 million active retail clients, views the investment as a strategic step towards capturing Uzbekistan’s booming digital economy. Click, meanwhile, gains regulatory grounding via Tenge Bank and access to Halyk’s technology and ability to raise capital from its public listing on the London Stock Exchange.

Uzbekistan, whose GDP grew by 7.2% in the first half of 2025, continues to open its financial sector to foreign capital – a key pillar of President Shavkat Mirziyoyev’s economic reform program.

Competing Power Structures?

This fintech alliance also throws an intriguing light on Central Asia’s most influential business families. Halyk Bank is majority-owned by Timur Kulibayev and his wife Dinara, the daughter of former Kazakh president Nursultan Nazarbayev, widely viewed as Kazakhstan’s most powerful couple.

Their expanding presence in Uzbekistan via Click and Tenge Bank may once have had the potential to ruffle feathers amongst Uzbekistan’s elite. The fact that the deal has been allowed to proceed this far is in itself an acknowledgement of the shared interests of regional powerbrokers.

A Shift in Regional Strategy

The deal represents a strategic reversal for Halyk Bank. In recent years, the bank has divested from its Kyrgyz and Tajik operations, selling 100% of its Kyrgyz subsidiary to oligarch Aidan Karibzhanov in 2024 and liquidating its Tajik entity in 2022. The Click acquisition signals a renewed focus on Uzbekistan, with the potential to make the country Halyk’s primary external growth market.

This renewed push comes as Halyk cements its dominance in Kazakhstan, where it controls nearly one-third of all banking assets and processes 90% of its retail loans through digital channels, including via its popular Halyk Super-App.

The Future of Banking in Central Asia

Click’s prominence in Uzbekistan’s digital economy, now backed by Halyk’s financial infrastructure, positions the partnership to pioneer a regional payments ecosystem, long hindered by incompatible systems and protectionist government policy.

It represents further evidence of Central Asian integration, which has gathered pace since Mirziyoyev came to power in 2016, and has accelerated since the Russian invasion of Ukraine. The deal comes on the back of Kyrgyzstan, Tajikistan, and Uzbekistan signing a joint border agreement earlier in 2025, the establishment of a regional civil aviation authority, and regular summits in the C5+1 format, through which post-Soviet Central Asian states regularly engage with the outside world.

The deal is pending approval by regulators in both countries and is expected to close by the end of 2025. Joint product launches and integrated financial platforms are already under discussion.

This is a developing story…

Bridging Empires: A Japanese Historian on Kazakh-Qing Relations

Last year, I came across Professor Jin Noda’s research from the Tokyo University of Foreign Studies: The Kazakh Khanates Between the Russian and Qing Empires: Central Eurasia International Relations during the 18th–19th Centuries. As it explores Kazakh history, particularly letters written by Khan Ablai and other sultans to the Qing emperor, I reached out to Professor Noda to ask a few questions.

TCA: What inspired you to write this book?

Noda: I thought there was a great divide between studies of Central Asia from the Russian side and those from the Qing Chinese side. To bridge this gap, I decided to research Kazakh history using both Russian and Chinese sources.

TCA: You published letters from 1779 related to Ablai Khan. What is their social significance?

Jin Noda: While the “social significance” isn’t entirely clear to me, the letters are important for Kazakhs as evidence of relations with the Qing Dynasty. They also reflect Ablai’s authority — sending letters to the Qing emperor signified his direct contact with the imperial court.

TCA: Were these letters originals? What challenges did you face studying them?

Jin Noda: I accessed microfilmed versions at the First Historical Archive in Beijing. The poor image quality made them difficult to read, and some texts were unreadable.

TCA: How much did you rely on Chinese sources, and how reliable are they?

Jin Noda: For my PhD and the book, I used many Manchu documents. While they have their biases, they also offer valuable new information on the Kazakhs. I cross-referenced them with Russian sources from the same era.

TCA: Are there many historical records about Kazakhs in Japan? How should they be studied?

Jin Noda: Some records exist, particularly from the Japanese military’s interest in Xinjiang after the Russo-Japanese War. For Kazakhs under Russian rule, one rare case is the Kazakh politician Marsekov contacting the Japanese government during the revolution. His letter’s translation is preserved in a Japanese archive and was recently studied by Prof. Uyama and Mr. Ono.

TCA: Apart from Sultan Gubaidolla’s well-known letter, did you find other sources related to him?

Jin Noda: I collected Russian archival documents on his activity around 1824 in Almay and Omsk. He is known for his role in protesting Russian colonisation.

TCA: As a foreign researcher, how do you assess Kazakh-Qing political relations?

Jin Noda: Traditionally, Chinese discourse portrayed the Kazakhs as distant vassals. However, Qing sources place them closer to the empire, like the Mongols or the Torghuts. I believe the Kazakh khans understood the strategic advantage in their relations with the Qing. These ties held unique importance for both sides.

TCA: You’ve also used Manchu archives. What did they reveal?

Jin Noda: Manchu documents are rich sources — essentially direct reports from Xinjiang officials to the emperor. While they reflect the officials’ own motivations, they offer a vivid picture of the Kazakhs’ contact with the Qing.

TCA: Have you received proposals to translate your book into Kazakh?

Jin Noda: I’ve recently received a proposal to translate it into Russian. If it resonates with readers in Kazakhstan, I hope it might eventually be translated into Kazakh as well.