• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00199 0%
  • TJS/USD = 0.10695 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00199 0%
  • TJS/USD = 0.10695 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00199 0%
  • TJS/USD = 0.10695 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00199 0%
  • TJS/USD = 0.10695 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00199 0%
  • TJS/USD = 0.10695 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00199 0%
  • TJS/USD = 0.10695 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00199 0%
  • TJS/USD = 0.10695 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00199 0%
  • TJS/USD = 0.10695 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
29 January 2026

Kazakhstan to Increase Grain Processing Nearly Tenfold by 2028

Kazakhstan plans to increase its deep grain processing capacity nearly tenfold by 2028, as part of a broader strategy to shift from raw material exports to the production of high value-added agricultural products. The initiative includes five major investment projects for wheat and corn processing, with a combined annual capacity of 4.8 million tons of grain.

According to the Ministry of Agriculture, the projects will be located across the northern, southern, and central regions of the country and are expected to become a cornerstone of Kazakhstan’s agro-industrial transformation.

These priorities were outlined during the fourth meeting of the National Kurultai in March 2024, where President Kassym-Jomart Tokayev emphasized the need for industrial diversification and greater economic resilience.

Currently, Kazakhstan processes just over 510,000 tons of grain annually in the deep processing segment. The country has three specialized enterprises that produce starch, gluten, molasses, bioethanol, and other high value-added products.

The five new projects are expected to attract $2.6 billion in investment and create approximately 3,300 jobs.

Key developments include a wheat processing plant with a capacity of 415,000 tons per year in the Kostanay region; corn processing enterprises in the Turkestan and Zhambyl regions; and new production facilities in Astana and Akmola region focusing on starch, gluten, bioethanol, and amino acids.

A significant share of these products will be exported to the U.S., Europe, China, India, the Eurasian Economic Union member states, the Middle East, and Africa.

As previously reported by The Times of Central Asia, Kazakhstan harvested a record crop of grains and oilseeds in 2024, providing the raw material base for this upcoming industrial expansion.

The Potential and Problems of Tourism in Kazakhstan

Kazakhstan boasts unique natural landscapes that could attract international visitors, and significantly enrich the country’s economy. Each year, the government allocates increasing funds to support tourism. However, services and infrastructure in many tourist destinations still remain well below international standards.

Undeniable Improvements

According to Talgat Gazizov, Chairman of the Board of the national company Kazakh Tourism, more than 1,100 tours to Kazakhstan are currently available on 18 major online platforms across Europe and Asia – a threefold increase compared to 2023. This reflects growing interest among international tour operators. As previously reported by The Times of Central Asia, authorities are also weighing up the possibility of opening casinos in designated tourist zones, accessible exclusively to foreign citizens.

In 2025, Kazakhstan invested nearly $2.5 billion in the development of its tourism sector, a 32% year-on-year increase. The number of tourists staying in accommodation facilities rose by 12%, surpassing 10 million. Kazakhstan also improved its position in the World Economic Forum’s global tourism index, climbing from 66th to 52nd place. The stated goal is to break into the top 50.

Currently, 328 tourism investment projects are underway. Notable among them are the Oi-Karagai mountain resort, Hilton and Mandarin Oriental hotel complexes, the Zhibek Zholy entertainment complex, and the Keruen Inn roadside service chain.

These projects are expected to create around 10,000 permanent jobs. A Comprehensive Development Plan for the Almaty Mountain Cluster includes expanding ski resorts and integrating them into a unified system. The celebrated Shymbulak ski base and Medeu high-altitude skating rink, both located near Almaty, are among the country’s most distinctive attractions.

The plan envisions 30 new cable cars and 161 kilometers of ski slopes, aiming to boost annual tourist numbers from 1.8 million to 5 million. Authorities note that, globally, ski tourists spend seven times more than beach tourists.

The Shchuchinsk-Borovskaya (Burabai) resort area is also a development priority. Infrastructure expansion around Lakes Katarkol, Maloye and Bolshoye Chebachye, and Zhukei is intended to ease pressure on Lakes Shchuchye and Borovoye. The number of inbound tourists to Burabai is projected to reach 94,000 by the end of 2029, with 32,500 people employed in the local tourism industry.

In western Kazakhstan, development is planned along the Mangistau Peninsula, including Teply beach and Kendirli resorts on the Caspian Sea. Efforts are also underway to improve access to the striking rock formations of Bozhyr and Tamsha, which rival world-famous geological landmarks.

Services and Infrastructure Lag Behind

Despite progress, serious shortcomings persist, chief among them underdeveloped services. The lack of public toilets in tourist zones and along highways has been repeatedly highlighted.

Government data shows that many resort areas in the Akmola, Karaganda, and Pavlodar regions, as well as in the Abai and Zhetysu regions, lack reliable water supply and central sewage systems. The use of well water remains a pressing concern. In the Abai region, some recreation centers are situated dangerously close to water sources.

Lake Alakol, a popular summer destination, requires urgent shoreline reinforcement. Similar dredging work is also necessary in Caspian Sea beach zones.

Many resorts are struggling to accommodate the rising influx of visitors. During peak season, Burabai faces severe traffic congestion. Travel to Lake Balkhash is hampered by a lack of roadside services, fuel shortages, and long queues at gas stations. Solid waste disposal infrastructure is virtually non-existent in most areas.

The “toilet issue” continues to receive high-level attention. Regional governments are being urged to address this basic yet critical need. Many locations still lack not only toilets but also trash bins, clear zoning, and proper beach equipment.

Although regional administrations report having installed over 60 public toilets, follow-up inspections found many were closed or not connected to utilities. There is also a shortage of water rescue personnel.

Kazakhstan undoubtedly has enormous tourism potential and is making substantial investments to realize it. Yet significant challenges remain, particularly in ensuring that basic infrastructure and services match the country’s ambitions.

“We Are Contenders”: Uzbekistan’s Chess Talents Aim High

“Uzbekistan, the new chess superpower?” says the website of Europe Échecs, a French chess publication.

The lead article in the January 2026 edition of the monthly magazine focuses on the extraordinary rise of Uzbek chess and shows photos of Nodirbek Abdusattorov and Javokhir Sindarov, two grandmasters from the Central Asian country who were atop the standings early this week in the Tata Steel Chess Tournament in the Netherlands.

Abdusattorov and Sindarov faced each other in the ninth round on Tuesday, playing to a draw that kept both of them in the lead of the elite contest that ends on February 1 after 13 rounds. Abdusattorov was first with six points, while Sindarov was second with five and a half points. However, the race is tightening — Sindarov now shares second place with 14-year-old Turkish prodigy Yağız Kaan Erdoğmuş and Dutch player Jorden van Foreest.

Sometimes called the “Wimbledon of chess,” the Tata Steel event in the seaside town of Wijk aan Zee has attracted the game’s greats over many years. They have included Garry Kasparov, Anatoly Karpov and Magnus Carlsen. The presence of two Uzbek players in the 14-participant Masters competition this year is a testament to the depth of top-tier talent in Uzbekistan, which is challenging India and other top chess nations in the world.

Born in Tashkent, 21-year-old Abdusattorov became a grandmaster at the age of 13 and is ranked twelth in the world with a rating of 2751. He has previously competed in the Tata Steel event, finishing in the top three in the last three years, according to the tournament. He won the FIDE World Rapid Chess Championship in 2021 and was part of the team from Uzbekistan that won gold at the 2022 Chess Olympiad in Chennai, India. FIDE is the international governing body of chess.

“It made us realize that we aren’t just ‘participants´ anymore; we are contenders,” Rayhona O’ktamova of Uzbekistan wrote in a Chess.com blog titled: “Why Everyone is Suddenly Talking About Uzbekistan.”

“What I love most isn’t just the trophies, it’s how the atmosphere in our country changed,” O´ktamova said. “Before, if a kid said ‘I want to be a professional chess player,´ parents might say, ‘Maybe study something more serious?´ But now? You see kids in every park with a board. Chess has become our ‘national sport.´ It’s our art, our marathon, and our pride.”

Sindarov, who was also born in Tashkent, is another high performer. The 20-year-old was 12 when he became a grandmaster and now has a world ranking of 21 and a rating of 2726. He won the FIDE World Cup in 2025, qualifying for this year’s Candidates Tournament, which determines who can challenge the world champion. The current champion is India’s Gukesh Dommaraju.

“I hope this is just the beginning — the victories of Uzbek chess will only grow from here,” Sindarov said after winning the FIDE World Cup.

Alongside Abdusattorov, Sindarov was also in Uzbekistan’s winning team at the 2022 Chess Olympiad. The city of Samarkand in Uzbekistan will host the next Chess Olympiad in September. Uzbekistan is currently 12th in the FIDE national rankings.

Uzbekistan’s Sarvinoz Begmuratova, 13, recently secured the the title of FIDE Woman Master, a sign of similar promise on the women’s side.

Chess commentators attribute Uzbekistan’s success to its focus on chess programs in schools and at the grassroots level, building on a strong tradition of the game that developed when it was a Soviet republic. Rustam Kasimdzhanov, the first Uzbek to become FIDE world champion (2004), said the collapse of the Soviet Union in 1991 helped his career because he “suddenly” became champion of his newly independent country, giving him more access to international competitions.

In contrast to the chaos of the immediate post-Soviet period, Uzbekistan today has a well-developed infrastructure and state funding for chess that has propelled top players from an early age, Kasimdzhanov said in a 2024 interview with Millennium Chess, a German maker of electronic chessboards and computers.

“They had grandmaster training at an age where – at a corresponding age – I didn’t even know what a grandmaster was,” he said. Late last year, Kasimdzhanov was appointed head coach of the men’s national chess team of Uzbekistan.

The next generation of chess talent is getting an early start. This month, Tashkent hosted a national championship for boys and girls under six years old.

 

Uzbekistan’s Central Bank Reaffirms Commitment to Reforms and Free Exchange Rate

Uzbekistan’s central bank has reiterated that the som’s exchange rate will be left to market forces, arguing that a ‘free float’ is key to its inflation-targeting framework.

In a statement released this month, the Central Bank of Uzbekistan said the exchange rate should be treated as an indicator, not a policy target. Attempts to hold the currency at a chosen point, it warned, can build pressure that later unwinds in sharper moves. 

Any foreign exchange operations, it added, would be aimed at smoothing excessive, short-term volatility, rather than steering the market.

The stance continues a shift that began with the 2017 liberalisation of the currency market, which gave more access to foreign exchange, and narrowed the gap between official and black market rates.

Recent fluctuations in the som have been closely watched. An earlier report on why the som has held up at times pointed to remittance inflows, export earnings and a tighter domestic monetary stance.

Uzbekistan adopted inflation targeting in 2020, using the policy rate as its main lever. The central bank has kept the key rate at 14% since December 2025. It is due to review it again on January 28.

In its monetary policy guidelines for 2026–2028, the bank projects headline inflation easing to about 7% by the end of 2026 and returning to a 5% medium-term target in 2027, assuming monetary conditions remain restrictive, and external price pressures fade.

A floating rate can cushion swings in commodity prices, remittances and trading partner demand. But it also passes currency shifts more directly into the cost of dollar-priced imports, from consumer goods to industrial inputs. That risk is heightened when energy shortages and higher fuel costs feed broader price pressures, as described in coverage of the region’s growing energy deficit.

International lenders have broadly backed Uzbekistan’s direction, while urging deeper reforms. In late 2025, the IMF welcomed greater exchange-rate flexibility and called for continued structural changes, according to its latest review.

Shell and Eni Face Up to $4 Billion Payout to Kazakhstan After Arbitration Ruling

Oil and gas majors Shell and Eni, key stakeholders in Kazakhstan’s Karachaganak field, have lost a key stage in an international arbitration case in London and may be required to pay the Kazakh government between $2 billion and $4 billion in compensation. The decision was first reported by Bloomberg.

According to the ruling, the arbitration panel upheld Kazakhstan’s argument that the project operators had charged the state under a production sharing agreement (PSA) for unapproved cost overruns and other ineligible expenses. The tribunal found that a significant share of the disputed costs should not have been recovered from the state, siding with Kazakhstan on the central legal question.

The arbitration proceedings were conducted behind closed doors, in line with standard practice for PSA disputes. The final compensation amount has yet to be determined, and the ruling remains subject to appeal. However, Bloomberg reported that the tribunal concluded the consortium must return a substantial portion of the contested funds, a decision that could require changes to the PSA’s oil and gas distribution formula.

Karachaganak is one of Kazakhstan’s largest oil and gas projects and a cornerstone of the country’s energy sector. The field is operated by the Karachaganak Petroleum Operating consortium, which includes Shell, Eni, Chevron, Kazakhstan’s national oil and gas company KazMunayGas, and Russia’s Lukoil.

The Kazakh government initially sought more than $6 billion in compensation, arguing that improper cost recovery had reduced state revenues over several years. The dispute was formally launched in 2023 and followed a broader effort by Kazakhstan to assert stricter oversight over major hydrocarbon projects governed by PSAs.

In 2024, international partners reportedly proposed resolving the dispute by constructing a long-delayed gas processing plant at Karachaganak to supply the domestic market, an offer seen as an attempt to reach a negotiated settlement. The plant has long been a point of contention, with Kazakhstan pushing for increased gas processing capacity inside the country rather than exporting raw gas.

Kazakhstan’s Ministry of Energy has declined to provide further details on the arbitration, citing confidentiality provisions.

In response to an inquiry from BAQ.KZ, the ministry said: “All arbitration materials are subject to the confidentiality of the production sharing agreement and the arbitration agreement between the parties. Until the restrictions are lifted, it is not possible to provide any information.”

The ruling marks one of the most significant recent legal setbacks for foreign oil companies operating in Kazakhstan in recent years and could have broader implications for how costs are approved and recovered under PSAs across the country’s energy sector.

Killing of Uzbek Migrant Woman in Istanbul Sparks Protests in Turkey

The killing of an Uzbek migrant woman in central Istanbul has sparked protests in Istanbul and Ankara, and reignited debate over violence against women, the safety of migrants, and the effectiveness of state protection mechanisms.

The body of a 36-year-old Uzbek national was discovered on January 24 in a waste container in Istanbul’s Şişli district, one of the city’s busiest areas. According to Turkish media reports, the body was found by a person collecting recyclable materials, who immediately alerted the authorities. Police later confirmed that the victim had been wrapped in bedding material and that parts of her body were missing at the time of discovery. Initial searches failed to locate all of her remains.

Turkey’s Interior Ministry and law enforcement agencies launched an immediate investigation. Surveillance footage reviewed by investigators showed two individuals leaving a suspicious suitcase near another container in the area. Turkish media outlets, including WELG and Cumhuriyet, reported that three men have been detained in connection with the crime, two of whom are citizens of Uzbekistan.

Two suspects were apprehended at Istanbul Airport while allegedly attempting to flee the country. One suspect reportedly confessed during police questioning. However, the investigation remains ongoing, and judicial proceedings have not yet concluded.

The victim was identified as Durdona H., an Uzbek citizen. This information was confirmed by the Consulate General of Uzbekistan in Istanbul, which issued an official statement expressing deep sorrow. Identification was made in coordination with Turkish law enforcement, forensic experts, and prosecutors.

“The investigation into this case is under the close supervision of the Consulate General,” the statement read. Uzbek diplomats have contacted the victim’s family and are providing consular and legal assistance. The consulate also extended its condolences and stated that further updates would be shared through official channels.

The killing provoked immediate public outrage. Large numbers of women took to the streets in Istanbul and Ankara to protest what they described as systemic violence against women, particularly migrant women. Feminist groups and women’s rights organizations organized a march in Şişli, starting near Osmanbey metro station and ending on the street where the body was found.

Protesters carried banners and chanted slogans, stressing that the killing was not an isolated case but part of a broader pattern of gender-based violence. Demonstrators also highlighted the heightened vulnerability of migrant women and called for stronger protection and prevention mechanisms.

Police briefly intervened in the protests, warning against the use of certain slogans deemed unlawful, according to Turkish media. Nevertheless, demonstrations proceeded peacefully, with participants demanding accountability and transparency.

Similar protests took place in Ankara on the same day. Women’s organizations gathered near the Human Rights Monument on Yüksel Street, echoing calls for systemic reform. Activists argued that violence against women is not an individual problem but a structural one.

Turkish women’s rights groups, including the We Will Stop Femicide Platform and the Federation of Turkish Women’s Associations, issued statements in response. They criticized the inadequate enforcement of protection orders and what they described as a culture of impunity. According to these groups, perpetrators increasingly act with the belief that they will not face serious consequences.

Some activists also pointed to Turkey’s 2021 withdrawal from the Istanbul Convention, an international treaty aimed at preventing and combating violence against women, as a key turning point that weakened institutional safeguards and sent the wrong signal to offenders.

The murder in Şişli came after another high-profile femicide in the western city of İzmir, where a woman was killed despite a restraining order against her former partner, according to Turkish media and women’s rights groups. Women’s groups cited this case as further proof of failures in protective enforcement.

The Uzbek Consulate reiterated its commitment to closely monitoring the Istanbul investigation and maintaining direct communication with Turkish authorities.

As the legal process unfolds, women’s rights organizations in Turkey have pledged to keep the case in the public eye. They are demanding a thorough investigation, fair trials, and concrete steps to improve protections, especially for women and migrants living in major urban centers.

The killing also drew a response from the Özbek Kadın Hakları Derneği (Association for the Protection of Uzbek Women’s Rights), a civil society organization in Turkey that provides free legal, psychological, and social assistance to women in crisis.

In a written statement, the association expressed deep concern over the rising number of tragic incidents involving Uzbek women in Turkey. “The brutal killing of an Uzbek woman in Istanbul has caused profound distress,” the group said. “It highlights the urgent need to strengthen legal protections and awareness for Uzbek citizens abroad, especially women.”

The organization offered condolences to the victim’s family and emphasized the particular risks migrant women face due to limited legal knowledge, social isolation, and economic vulnerability. “Every woman’s life, dignity, and honor are of the highest value,” the statement added.

The association also urged Uzbek women currently living in or planning to travel to Turkey to take personal safety precautions and remain engaged with legal matters, stating that, “In cases of need, women can contact our association for free support and guidance.”