• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10438 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Monument to Human Chain Rescue Unveiled in Almaty

In 2016, residents of Almaty formed a human chain to rescue a dog and its owner who had become trapped in a river. Ten years later, in March 2026, an art installation commemorating the dramatic rescue was unveiled on the Ulken River, which flows into the Sairan Reservoir, one of the city’s most popular recreational areas.

The sculpture stands near the site of the incident. The dog had fallen into the water and was unable to climb out because of the steep riverbanks. Its owner climbed down in an attempt to help but also became stranded. Witnesses then joined forces to pull them to safety. A video of the rescue quickly went viral, reportedly attracting about 15 million views on the Daily Mail’s Facebook page and a further 6.5 million views across other social media platforms. International television networks also covered the story.

The installation depicts a chain of people holding onto one another, symbolizing solidarity and mutual assistance. The hand of the final figure extends beyond the fence, allowing visitors to grasp it and symbolically take part in the rescue. City officials said the sculpture was funded by private donations. According to media reports, the identities of the individuals who took part in the rescue remain unknown.

“The concept of the installation is based on the ideas of mutual aid, solidarity, and unity. The composition shows figures linked in a chain, symbolizing support and collective action in overcoming difficulties. It is inspired by an image that resonated widely with the public and reflects values close to every resident,” an official statement said.

Still from the 2016 rescue video

The installation was created by Yerbosyn Meldibekov, a prominent contemporary artist from Kazakhstan whose works are held in museum collections in Antwerp, Hong Kong, Singapore, and other cities.

This is not the first time that acts of animal rescue in Kazakhstan have inspired artistic tributes. In 2019 in Almaty and in 2020 in Karaganda, murals were painted on residential buildings in memory of forestry inspector Yerlan Nurgaliyev, who was killed by poachers. The murals depict him holding a rescued saiga calf and are based on a photograph that went viral after his death.

The incident took place in January 2019 in the Karaganda Region. Game wardens Pyotr Nitsik and Yerlan Nurgaliyev were pursuing poachers illegally hunting saiga antelopes when they were attacked. Nurgaliyev was killed, while his colleague survived with serious injuries. The perpetrators were later detained. Nurgaliyev was posthumously awarded the Order of Barys for bravery and self-sacrifice in the line of duty, and Nitsik also received a state award.

Kyrgyzstan’s Domestic Debt Rises Amid Strong Demand for Government Bonds

Kyrgyzstan is experiencing a gradual increase in domestic public debt, driven by growing demand for government securities. According to the National Bank, the volume of domestic debt has risen by approximately $34 million over the past ten days following the placement of government treasury bonds.

Trading data show that the total volume of government securities in circulation increased from $4.24 billion on March 13 to $4.27 billion by March 23.

Although the increase remains moderate in absolute terms, the pace of growth suggests renewed activity in the domestic debt market. Long-term instruments are currently the most popular among investors. Over the ten-day period, placements of five-year government bonds amounted to roughly $23 million.

Demand for ten-year securities has also remained stable. Their total volume rose from $631 million to $642 million during the same period, indicating investors’ willingness to lock in yields over longer horizons.

Interest in government bonds is largely supported by relatively high returns. Yields on ten-year securities currently stand at around 16% per annum, while five-year bonds offer slightly more than 15%. These rates are close to average corporate bond yields, estimated at approximately 18%.

Against this backdrop, government securities are widely viewed as a more reliable investment instrument with competitive returns. In contrast, short-term bonds attract significantly lower demand.

Yields on one-year government securities and other short-term instruments remain at about 5–6%, making them less appealing to investors. Nevertheless, demand for these bonds remains stable, albeit limited.

Analysts note that the expansion of domestic borrowing has coincided with increased participation by citizens in the financial market. Since the early 2020s, financial authorities have gradually raised yields on government securities to attract funding for the state budget and encourage retail investment.

At the same time, the National Bank and the Ministry of Finance have introduced financial literacy initiatives aimed at broadening public engagement with investment instruments.

Uzbekistan Launches First Concrete Works at Planned Nuclear Power Plant

Construction of Uzbekistan’s first nuclear power plant has entered a new phase, with initial concrete works officially launched at the project site in the Farish district of the Jizzakh Region, according to the country’s Atomic Energy Agency, Uzatom.

The milestone was marked on March 24 during simultaneous ceremonies held in Tashkent and at the construction site. During the events, Uzatom and Russia’s state nuclear corporation Rosatom signed a number of strategic documents, formally advancing the project to the stage of practical implementation.

Among the agreements were a cooperation roadmap covering nuclear and related sectors, as well as an addendum to the contract for the construction of an integrated nuclear power facility in Uzbekistan. The documents were signed by Uzatom Director Azim Akhmedkhadjaev and Rosatom Director General Alexey Likhachev.

According to Uzatom, the roadmap outlines cooperation in areas such as project implementation phases, workforce training, public engagement on nuclear energy, and the development of infrastructure for a future town for plant personnel. Uzbek officials said the agreement establishes a comprehensive partnership expected to contribute to both economic and social development.

At the construction site, work has begun on laying the concrete foundation beneath the reactor building for a small modular unit using the RITM-200N design. Approximately 900 cubic meters of concrete are scheduled to be poured, with this stage expected to be completed by April 2026. The foundation will incorporate the waterproofing and grounding systems required for the reactor structure.

The updated configuration of the plant involves two large power units equipped with Generation III+ VVER-1000 reactors, as well as two smaller units using RITM-200N reactors, each with a capacity of 55 MW. Once fully operational, the facility is expected to generate around 15.4 billion kilowatt-hours of electricity annually, more than 15% of Uzbekistan’s current power consumption.

Uzatom stated that regulatory approval for use of the site has already been granted following safety assessments that identified no significant risks related to seismic activity, tectonic faults, or karst formations. The agency said the location meets nuclear, environmental, and technical safety requirements.

“The start of concrete works marks an important step in implementing Uzbekistan’s national nuclear energy program,” Akhmedkhadjaev said, adding that the project is proceeding in line with established timelines and safety standards.

Separately, Uzatom confirmed that a mission from the International Atomic Energy Agency is expected to visit Uzbekistan in the second half of 2026 to assess progress on the project.

Why More Students in Kazakhstan Choose to Study Abroad

An increasing number of students in Kazakhstan are considering education abroad. For some, it offers access to high-quality academic programs; for others, it provides opportunities to gain international experience, learn new languages, and improve career prospects. Interest in foreign universities is growing among school graduates and their parents, who increasingly view overseas education as an investment in their children’s future.

According to the Bureau of National Statistics, 678,100 students were enrolled in higher education institutions in Kazakhstan at the start of the 2025-2026 academic year. At the same time, data from the International Trade Administration indicate that more than 90,000 Kazakhstani citizens are currently studying abroad. 

Sanzhar Uvashev, an employee of InterPress Abroad, a company that assists applicants seeking admission to foreign universities, spoke about the factors influencing students’ choices and the opportunities offered by international education.

TCA: Tell us about your work. What does your organization do?

Uvashev: Our company helps students apply to universities abroad. We support applicants in selecting academic programs, preparing documents, and navigating the entire admissions process. One of our distinguishing features is that we are not limited to a specific list of partner institutions or countries. We can assist students in applying to a wide range of universities, depending on their individual preferences.

TCA: Which countries are currently the most popular destinations?

Uvashev: We work with a broad range of destinations, particularly the United Kingdom, the United States, and Canada, as well as countries across Europe and Asia. Recently, students have shown greater interest in exploring multiple options rather than focusing on a single country. Some prioritize studying in an English-speaking environment, others seek more affordable tuition, while some focus on scholarship opportunities and employment prospects after graduation.

TCA: What opportunities exist today for students from Central Asia to study abroad?

Uvashev: Opportunities are expanding. Many universities are paying closer attention to applicants from Central Asia, as international students contribute to a more diverse academic environment. As a result, institutions are offering scholarships, tuition discounts, and preparatory programs. Awareness of the region is growing, and with it the range of options available to students.

TCA: Why do students continue to choose the U.S. and other destinations?

Uvashev: The U.S. remains one of the most popular destinations because of its strong universities and perceived career opportunities. At the same time, countries such as Italy, Austria, and China are also attracting interest. Italy and Austria appeal to students because public universities there can offer relatively affordable, and in some cases almost free, education. China has gained popularity due to the quality of its universities, their rising positions in global rankings, and the availability of scholarships for international students.

TCA: Are there programs that allow students to study free of charge?

Uvashev: Yes. Students often inquire about scholarship schemes that significantly reduce tuition fees or cover them entirely. Examples include the Bolashak international scholarship program, Stipendium Hungaricum, and Erasmus Mundus. These initiatives provide talented applicants with real opportunities to obtain an education abroad, provided they are well prepared and meet the eligibility requirements.

TCA: Why do many young people want to study abroad?

Uvashev: The main reasons are educational quality, broader life experience, and career prospects. Many students want to gain international exposure and study in a competitive academic environment. Foreign universities often offer more practical training, modern teaching methods, and internship opportunities, which can significantly improve graduates’ chances of securing employment.

There is also a longstanding trend among young people to seek opportunities beyond their home country. For many, studying abroad is not only about education but also about gaining independence and new life experiences.

TCA: What challenges exist in Kazakhstan’s higher education system?

Uvashev: One issue is the limited level of international integration at some universities. Not all institutions have strong links with global academic networks, foreign faculty members, or extensive exchange and internship programs.

As a result, some students feel that local education may restrict their prospects, particularly if they aim to work in international companies or pursue careers abroad. The challenge therefore concerns not only academic quality but also how effectively the system prepares graduates to compete in the global labor market.

TCA: Do students usually return home after completing their studies?

Uvashev: Outcomes vary. Some graduates return and apply their knowledge in Kazakhstan, while others remain abroad if they find employment and are able to secure residence or work permits. Decisions about returning often depend less on personal preference and more on practical circumstances, such as visa regulations and career opportunities.

TCA: What changes would you like to see in Kazakhstan’s education system?

Uvashev: Greater involvement of foreign lecturers, more international internships, and expanded academic mobility would be positive developments. It is important that students can gain international experience not only by studying abroad for extended periods but also through exchange programs, joint research projects, and short-term study opportunities.

If such initiatives become more widespread, domestic higher education will also strengthen. Students will feel they can acquire modern, competitive skills without necessarily leaving the country for long periods.

Kyrgyzstan Prioritizes Export Support as External Trade Declines

Kyrgyzstan is intensifying efforts to support domestic exporters as the country faces a sustained decline in foreign trade. Authorities now regard export development as a central pillar of economic policy.

First Deputy Chairman of the Cabinet of Ministers Daniyar Amangeldiyev reiterated this position during a meeting of the Export Development Council on March 24.

The government is considering a range of practical measures aimed at strengthening export capacity. Among them is a pilot programme to partially reimburse transportation and logistics costs. The initiative is intended to reduce the price of Kyrgyz goods in foreign markets and enhance their competitiveness.

At the same time, officials plan to expand access to financing through a new preferential credit facility titled “Export Contract Financing.” The mechanism is designed to address exporters’ cash-flow constraints and support working capital, backed by insurance instruments and state guarantees.

These steps come amid a significant deterioration in trade performance. According to the National Statistical Committee, Kyrgyzstan’s exports fell by 20.3% in January 2026, while imports increased by 6.1%.

The decline reflects a broader trend. In 2025, exports dropped by 44.5%, while imports rose by 3.9%. Total foreign trade turnover reached $15.8 billion, representing a decrease of 10.2% compared to 2024.

Kyrgyzstan’s export geography remains relatively concentrated. In 2025, the country’s main export destinations were Russia (22.9%), Kazakhstan (15.9%), Switzerland (15.4%), Uzbekistan (14.2%), and the United Kingdom (8.2%). Imports, meanwhile, were dominated by China (37.2%), followed by Russia (24.6%) and Kazakhstan (10.9%).

Such concentration increases the economy’s vulnerability to fluctuations in demand among a limited number of trading partners.

The sharp fall in exports was driven largely by declining gold shipments, Kyrgyzstan’s principal export commodity. According to the Ministry of Economy, gold exports fell by a factor of 3.7 in 2025.

Gold accounted for 23.9% of total exports, underscoring the country’s dependence on a single commodity.

Both external and domestic factors contributed to the downturn. Weaker demand in key partner markets, including Russia and Kazakhstan, reduced export volumes. At the same time, temporary government restrictions on the export of certain goods, such as scrap metal and livestock, also constrained trade flows.

Turkmenistan and CNPC Sign Deal on New Phase of Galkynysh Gas Field Development

Turkmenistan has signed a new agreement with China National Petroleum Corporation (CNPC) to advance the fourth phase of development at the Galkynysh gas field, one of the largest gas deposits in the world. 

According to the state news agency TDH, CNPC will design and construct production facilities on a turnkey basis, including gas wells and infrastructure capable of processing up to 10 billion cubic meters of marketable gas annually.

The agreement follows a presidential decree authorizing the state concern Turkmengaz to conclude a contract with CNPC’s subsidiary, CNPC Amudarya Petroleum Company Ltd. The document provides for the construction of gas treatment facilities and the drilling of a sufficient number of production wells to maintain the planned output level.

According to reports by industry publication Nebit-Gaz, work on the fourth phase was expected to begin in early 2026. The overall development plan for the Galkynysh field is divided into seven phases. Information published on the Turkmengaz website, citing the international conference “Oil and Gas of Turkmenistan, 2025,” indicates that the first phase has already been completed and is operational. It includes three gas processing plants with a combined annual capacity of 30 billion cubic meters.

Turkmenistan possesses the world’s fourth-largest proven reserves of natural gas, yet its export routes remain limited. The majority of gas exports, estimated at between 80% and 90%, are directed eastward through the Central Asia-China pipeline network, often referred to as the Turkmenistan-China corridor. This has resulted in a high degree of dependence on a single export destination.

Efforts to diversify export routes have encountered persistent challenges. Proposed projects involving increased deliveries through Iran, trans-Caspian connections via Azerbaijan, or pipeline routes toward South Asia have been constrained by infrastructure limitations, financing issues, and geopolitical factors. 

Analysts also note that delays in engaging with initiatives such as the European Union’s Southern Gas Corridor in the early 2000s reduced opportunities to expand Turkmenistan’s export geography.