• KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 -0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10820 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
13 December 2025

World Bank Chief Economist Owes a Bottle of Wine to Kyrgyzstan’s Cabinet Chief

During a conversation with Hugh Riddell, head of the World Bank’s office in Kyrgyzstan, Akylbek Japarov, Chairman of the Cabinet of Ministers, shared an anecdote about a wager made with the World Bank’s chief economist.

“In 2022, at a World Bank session in Washington, your chief economist and I bet that Kyrgyzstan’s economic growth over the next 3-4 years would remain stable and exceed 7%. He doubted this was possible and was ready to wager a bottle of fine wine,” Japarov recounted at a recent event focused on Kyrgyzstan’s development.

Japarov highlighted the latest economic figures to underscore his point: GDP growth for the first 11 months of 2024 stands at an impressive 9%. Confident in his position, Japarov announced his intention to claim his winnings.

The anecdote reflects broader optimism about Kyrgyzstan’s trajectory. According to data presented by World Bank experts during discussions with the presidential administration, 89% of Kyrgyz citizens believe the country is moving in the right direction regarding political, social, and economic reforms​.

The World Bank is actively monitoring socio-economic trends in Kyrgyzstan through its “Listening to the Kyrgyz Republic” project. This initiative conducts monthly panel surveys of 1,500 households across all regions, using telephone interviews to track citizens’ well-being and gather insights into national development trends.

Uzbekistan Proposes 10-Year Extension of Duty Free Export Benefits to the EU

On December 4-5, Uzbekistan participated for the first time in the meeting of the General Scheme of Preferences (GSP+) working group of the European Union in Brussels. The meeting included representatives from 28 EU member states and Uzbekistan’s Ministry of Investment, Industry, and Trade (MIIT).

Uzbekistan’s delegation highlighted the progress made since becoming a GSP+ beneficiary in 2021. During this time, the country’s exports to the EU nearly tripled, reaching $1.15 billion. Of the 6,200 products eligible for duty-free export, approximately 1,100 – primarily agricultural, textile, and chemical goods – are exported regularly.

To further enhance market stability and competitiveness, the delegation proposed adding new fruits and vegetables to the list of preferred goods and revising seasonal export quotas. They also recommended extending the GSP+ preferential trade regime for an additional ten years to foster long-term economic ties with the EU.

During the visit, Uzbek representatives held talks with European Commission officials to improve access to Uzbek products, adjust quotas for rolling metals, and secure technical assistance to align with EU standards. These discussions mark a significant step in expanding trade and economic cooperation under the GSP+ framework.

Kyrgyzstan Opens Airport in Karakol – More New Routes Coming Soon

On December 11, Kyrgyzstan’s President Sadyr Japarov inaugurated the reconstructed international airport in Karakol, the main city of the Issyk-Kul region. Situated southeast of Lake Issyk-Kul, Karakol is Kyrgyzstan’s winter tourism hub and home to the nation’s largest and most popular mountain ski resort.

President Japarov highlighted the reopening of the Karakol International Airport as a pivotal move toward strengthening regional connectivity, boosting tourism, and enhancing Kyrgyzstan’s international profile. “This is just the beginning,” Japarov remarked, announcing plans for a major new development: a “Kyrgyz Courchevel,” envisioned as Central Asia’s largest and most modern ski resort. Located 70 kilometers from the airport, the year-round facility is planned to accommodate up to a million tourists per season.

Kyrgyzstan’s government is also prioritizing the modernization of regional airports to improve domestic air connectivity. Renovation projects are underway in Naryn, Kazarman, Kerben, and Batken, while construction of a new airport in the southern city of Jalal-Abad is set to begin soon.

Starting in May, the government plans to launch domestic flights on routes including Kazarman-Bishkek, Naryn-Bishkek, Kerben-Bishkek, Karakol-Osh, and Talas-Osh. These flights will be operated by the state-owned Asman Airlines.

This follows the reopening of the Talas airport in May, as previously reported by The Times of Central Asia, marking its return to operation after decades of inactivity since the Soviet-era. Originally built in 1979 to accommodate planes and helicopters, the airport had long been out of service until its recent renovation.

To support the enhanced domestic air network, Kyrgyzstan’s Manas International Airport Open Joint Stock Company has procured two Bombardier Dash 8 Q400 aircraft for Asman Airlines. Manufactured in Canada, the Dash 8 Q400 is a short-haul plane capable of carrying up to 80 passengers over distances of up to 2,000 kilometers.

Uzbek Deputy Proposes Introducing Visa Regime With Russia

Russian politician Leonid Slutsky has proposed establishing a comprehensive set of mandatory rules for foreign workers in Russia, called the “Migrant Code.” Developed in coordination with diasporas and law enforcement agencies, the code outlines guidelines for migrants seeking legal employment in Russia.

According to Slutsky, the Migrant Code will require foreign workers to learn Russian and ensure their families also acquire language skills if residing in Russia. Migrants, he says, must respect Russian culture and traditions, adhere to public behavior standards, obtain official employment, and pay taxes. Additional requirements include securing insurance against deportation or expulsion, undergoing fingerprinting, genomic registration, and mental health testing.

In response, Alisher Qodirov, chairman of Uzbekistan’s Milli Tiklanish (National Revival) party, suggested introducing a visa regime with Russia to address potential instability and a rise in migration flows.

Qodirov underscored the importance of Uzbekistan and other Central Asian countries implementing stricter entry and exit controls to Russia, alongside enhanced requirements for job seekers. He emphasized the need for migrants to respect their host country’s language, culture, and laws while reaffirming the significance of national values.

He further stated that educating Uzbek workers on their rights and responsibilities would help mitigate social, political, and economic challenges for Uzbekistan. It would also protect citizens from exploitation and discrimination abroad, reinforcing the nation’s commitment to safeguarding its people.

Kazakhstan Opens Pavilion in Uzbek-Afghan Border Trade Center

Kazakhstan’s Ministry of Trade and Integration has announced the opening of a trade pavilion showcasing Kazakh products at the Termez International Trade Center, located in the town of Termez, Uzbekistan, near the Afghan border.

The pavilion is expected to serve as a strategic platform for promoting Kazakh goods in the markets of Uzbekistan and Afghanistan.

The Termez International Trade Center is a crucial hub at the crossroads of Central Asian trade routes, facilitating significant trade flows between Uzbekistan and Afghanistan. Opened on August 29, the center was inaugurated by Uzbek Prime Minister Abdulla Aripov and acting Afghan Deputy Prime Minister Abdul Ghani Baradar. The facility includes retail spaces, hotels, a medical center, and other amenities. Notably, it supports transactions in multiple currencies, such as U.S. dollars, euros, rubles, and yuan. Afghan citizens can visit and conduct trade at the Termez center for up to 15 days without requiring an Uzbek visa.

Kyrgyzstan has also secured a presence at the Termez International Trade Center. As The Times of Central Asia previously reported, on November 11, the Kyrgyz Ministry of Economy and Commerce acquired a trade pavilion, providing a strategic foothold to expand Kyrgyzstan’s influence in the markets of Uzbekistan and Afghanistan.

Kazakhstan and Kyrgyzstan have both removed the Taliban from their lists of terrorist organizations, aligning with broader efforts by Central Asian nations to deepen trade and economic ties with Afghanistan.

Turkmenistan’s Geopolitical Shift Toward the West

Turkmenistan, whose foreign policy since 1995 has been based on the principle of permanent neutrality, is reportedly seeking to establish closer ties with the West, primarily with the United States. The energy-rich nation has long expressed an intention to export natural gas to Europe, but its leadership’s recent moves suggest that Ashgabat might also aim to develop closer political and economic relations with Western countries.

Over the past few months, Turkmen and American officials have held several very important meetings. Most recently, on November 25, Turkmenistan’s President Serdar Berdimuhamedov hosted Steve Daines, U.S. Senator from Montana and member of the U.S. Senate Committee on Energy and Natural Resources. The fact that the Turkmen leader told the American politician that Ashgabat is “implementing a strategy for diversifying energy export routes” clearly shows that Turkmenistan’s ambition to begin exporting natural gas to Europe was on the agenda. But energy was unlikely the only reason why Daines came to Ashgabat.

He also met with the Turkmen Minister of Foreign Affairs Rashid Meredov, with whom he discussed “key aspects of partnership cooperation in political and diplomatic, trade and economic, cultural, humanitarian and other spheres.” According to reports, “the active dynamics of development of political ties at the highest state level was emphasized,” indicating that Turkmenistan has begun implementing its 2023 plan to strengthen ties with the United States. 

Moreover, as a result of the U.S. Senator’s visit to Ashgabat, a meeting of the Turkmenistan-US Business Council is scheduled to take place later this month. One of the reasons why the Turkmen authorities seek deeper economic ties with Washington is because they hope that such an approach can help their country join the World Trade Organization (WTO). 

On November 20-22, just days before Daines’ visit to Turkmenistan, the Ministry of Finance and Economy organized a training seminar as part of the country’s preparation for joining the WTO.  Interestingly enough, the U.S. Agency for International Development (USAID) “made a significant contribution to the event’s preparation”, while the U.S. Ambassador to Turkmenistan Elizabeth Rood attended the seminar. 

The United States undoubtedly sees Turkmenistan as an important regional actor. In February, American companies including John Deere, Boeing, Exxon Mobil, and General Electric met with the Turkmen business delegation in Washington, discussing various forms of cooperation. Nine months later, on November 6, Rahimberdi Dzhepbarov, Chairman of the Board of the State Bank for Foreign Economic Activity of Turkmenistan, was on a working visit to Washington to discuss “issues of further strengthening economic and environmental cooperation with the United States.” The following day, according to the Turkmen Ministry of Foreign Affairs, the U.S. “highly praised Turkmenistan’s achievements in fulfilling its international commitments on climate change.”

But Washington did not always have such a positive view on Turkmenistan. In 2018, in an annual State Department report, Ashgabat was criticized for “alleged torture, arbitrary arrests and detentions, involuntary confinement, imprisonment of political prisoners, severe corruption, lack of free and fair elections, and restrictions on freedom of religion, assembly, and movement.” Also, in May 2023, the U.S. Commission on International Religious Freedom described the government of Turkmenistan as an “extremely authoritarian regime with an abysmal record on human rights and freedom of the press.”

Things, however, started to change after Washington’s European allies took steps to significantly reduce their dependence on Russian energy. Although Turkmenistan’s primary export market is China – given that natural gas supply to China is the main source of Ashgabat’s budget revenues – Moscow still sees Turkmenistan as part of its “energy zone of influence.”

In 2008, the European Commission proposed the creation of the Southern Gas Corridor, where Turkmenistan was seen as one of the partner countries. It was reportedly expected that the former Soviet republic could supply about 30 billion cubic meters of gas annually through the Trans-Caspian gas pipeline. But the Trans-Caspian project has not yet been implemented, while Russia continues to push for the expansion of the Turk Stream pipeline, aiming to create a gas hub on the border of Turkey and the European Union, thus blocking the access of Turkmen gas to the European market.

Turkish President Recep Tayyip Erdogan, however, believes the supply of gas from Turkmenistan to Turkey and Europe is “only a matter of time.” Turkmen leaders seem to share the same view.

“We have good opportunities for exporting Turkmen natural gas and electricity to Kazakhstan, Azerbaijan and Turkey,” Gurbanguly Berdimuhamedov, Chairman of the Upper House of Parliament, said on March 12.

Preliminary agreements between Ankara and Ashgabat on the supply of Turkmen gas to Turkey and further to Europe suggest that Turkmen gas will eventually reach the EU borders – whether via the Caspian Sea or through Iran and Iraq. It is, therefore, no surprise that, on December 4, energy was given particular attention during the 23rd meeting of the Turkmenistan-EU Joint Committee in Brussels.

Besides energy, the EU and Turkmenistan also aim to strengthen political ties in various formats, with the Organization for Security and Co-operation in Europe (OSCE) unquestionably being one of them. The U.S. as a key OSCE member, actively supports Ashgabat’s “implementation of OSCE commitments”, which is why some Russian analysts argue that Turkmenistan is shifting its geopolitical orientation from the East to the West.

That, however, does not mean that the Central Asian nation will give up on its policy of permanent neutrality. But given that the U.S. openly announced that it is ready to stimulate investments in the Turkmen economy, and that the two countries recently explored opportunities to implement joint economic, energy, and infrastructure projects that align with sustainable development goals, Turkmenistan will almost certainly continue to deepen its relationship with the United States and its allies.