• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10528 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10528 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10528 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10528 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10528 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10528 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10528 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.10528 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Viewing results 1 - 6 of 24

Ukrainian Deputy Foreign Minister: Astana and Kyiv Seeking to Restore Trade

Ukrainian Deputy Foreign Minister, Olexandr Mishchenko, discussed prospects for trade and economic cooperation, including the possible resumption of the Intergovernmental Commission on Trade and Economic Cooperation, during a meeting on April 2 with Serik Zhumangarin, Kazakhstan’s Deputy Prime Minister and Minister of the National Economy. In comments to The Times of Central Asia, the Ukrainian Foreign Ministry representative said Astana and Kyiv are aiming to restore bilateral trade. Trade between Kazakhstan and Ukraine reached approximately $5.5 billion annually before the war but has since declined sharply. However, according to Kazakh data, the situation has begun to improve. The Ministry of National Economy reported that trade turnover between the two countries totaled $415.8 million in 2025, up 5.4% from $394.3 million in 2024. Kazakhstan’s main exports to Ukraine include ferroalloys, fertilizers, and rice, while imports from Ukraine consist of chocolate and other cocoa products, flour and confectionery, medicines, cheese, and cottage cheese. [caption id="attachment_46523" align="aligncenter" width="960"] Image: Ukrainian Embassy in Kazakhstan[/caption] Astana and Kyiv also intend to expand the range of goods traded. During interdepartmental consultations held in Astana, the sides discussed trade, investment, agriculture, logistics, and humanitarian cooperation, with a focus on export diversification. They agreed to intensify business contacts, consider resuming the Intergovernmental Commission, and expand cooperation in priority sectors, particularly the agro-industrial complex. Mishchenko said the countries also plan to strengthen cooperation in the energy sector and restore logistics chains. Until 2022, Ukraine provided key transit routes for Kazakh exports to Europe. Before 2022, a significant share of Kazakhstan’s westbound trade relied on routes passing through or near Ukrainian infrastructure. The war disrupted those pathways and forced a broader regional shift toward alternative corridors, including routes across the Caspian and South Caucasus, which remain longer, more complex, and often more expensive. “Territorial integrity remains the cornerstone of our cooperation. We are deeply grateful to Kazakhstan for its humanitarian aid: more than 600 tons were collected, particularly during the winter. This support was critical to Ukraine’s resilience,” Mishchenko said. The visit marked the first trip by a senior Ukrainian government representative to Kazakhstan in recent years. A large delegation of Ukrainian entrepreneurs accompanied Mishchenko, seeking to re-establish business ties with Kazakh partners. “Despite the ongoing conflict, Ukraine is already looking toward the post-war future, and concrete proposals for cooperation, including in energy, are being developed through bilateral engagement with Kazakhstan,” Mishchenko told The Times of Central Asia. “Kazakhstan’s energy resources create opportunities for mutually beneficial cooperation, including potential integration into Ukrainian markets.” Mishchenko noted that a Ukrainian business mission, the first in many years, visited Kazakhstan, including the Pavlodar Region, a major industrial hub with significant heavy industry and energy capacity. “This creates real demand for modernization, engineering solutions, and equipment supplies,” he said. The delegation held meetings with government officials, financial institutions, and business representatives, alongside regional visits aimed at launching joint projects. In Astana, talks were held with the leadership of Baiterek National Management Holding. Ukrainian entrepreneurs also visited the Astana International Financial Centre and the city administration,...

Scientists in Kazakhstan Develop Antioxidant Supplement for Disease Prevention

Scientists in Kazakhstan are developing a dietary supplement containing antioxidants that is intended to help reduce the risk of cancer and cardiovascular diseases. The project is being carried out by the Kazakh Research Institute of Processing and Food Industry. The development is taking place in Almaty and is based on the use of domestically sourced plant raw materials, according to the Ministry of Agriculture. The ministry says the aim is to create an affordable functional food product with high antioxidant activity. The key component of the supplement is lycopene, a natural carotenoid found in tomatoes, watermelons, and grapefruits. Lycopene is known for its antioxidant properties and its potential role in reducing oxidative stress, which is associated with the development of various chronic diseases. According to the ministry, insufficient intake of antioxidants may contribute to weakened immune function and an increased risk of chronic conditions. As part of the project, researchers have already developed technologies to produce powders from tomatoes and watermelons while preserving their biological properties. Freeze-drying and infrared drying methods are being used for this purpose. Official information indicates that the supplement’s formulation includes lycopene, tomato and watermelon powders, pumpkin seed powder, and safflower oil. This combination is expected to improve bioavailability and make the product convenient for regular use. The Ministry of Agriculture says the development reflects growing demand for functional foods both in Kazakhstan and internationally. The product could eventually be targeted for export markets. Officials also expect the project to reduce dependence on imported food additives, expand the domestic raw material base for the processing industry, and create new opportunities for the development of the agro-industrial sector. The Times of Central Asia previously reported on another innovation by Kazakh scientists: a mobile unit designed to process and store agricultural products for extended periods.

Tokayev: Kazakhstan’s GDP Could Reach $320 Billion by End of 2026

Kazakhstan’s gross domestic product could reach $320 billion by the end of 2026, President Kassym-Jomart Tokayev said at a forum for parliamentary deputies. Speaking at the event, Tokayev noted that the global economy is facing heightened geopolitical tensions and trade conflicts, which he linked to declining trust between major powers and what he described as a weakening of international responsibility mechanisms. “Of course, the current situation directly affects our country’s opportunities. But despite this, we are overcoming challenges, maintaining steady economic growth, and consistently implementing our national strategy,” Tokayev said. According to him, Kazakhstan’s GDP reached $306 billion in 2025. He described this as the second-highest level among post-Soviet countries and the highest in Central Asia. Tokayev also said Kazakhstan had entered the world’s top 50 economies and cited forecasts by international financial institutions suggesting that GDP could reach $320 billion by the end of 2026. Investment and reserves Kazakhstan continues to attract significant foreign direct investment, Tokayev said, noting that net inflows had exceeded $150 billion. According to him, this represents about 69% of total investment directed to Central Asia. He added that the country’s financial buffers remain substantial. Gold and foreign exchange reserves stand at about $74 billion, while total reserves, including assets held in the National Fund, amount to approximately $139 billion. Industrial and agricultural growth Tokayev said economic expansion is being driven not only by overall growth but also by structural changes. In particular, manufacturing output has increased by more than 6% annually over the past two years. He also highlighted the importance of the agro-industrial sector, which he said affects the living standards of 7.4 million people, or about 36% of Kazakhstan’s population. State support for agriculture has increased in recent years. In 2025, more than $2 billion was allocated for concessional lending to farmers, which Tokayev described as the largest level of support provided to the sector since independence. According to Tokayev, government policy aims not only to expand agricultural production but also to develop a modern, export-oriented agro-industrial economy. He said that in 2025 around 250 new production facilities were launched in the sector, while international companies increased their presence in agricultural projects. Major investment initiatives involving foreign partners are being implemented in the Almaty, Akmola, Zhambyl, and North Kazakhstan regions, as well as in the city of Shymkent. Total investment in these projects exceeds $1 billion and is expected to create tens of thousands of jobs. As previously reported by The Times of Central Asia, export revenues from Kazakhstan’s agro-industrial sector reached $7 billion in 2025, an increase of 37% compared with the previous year.

Kazakhstan’s First Agro Techno-Park Opens in Astana

Kazakhstan’s first agro techno-park has begun operations in Astana, creating a new infrastructure platform for the development and implementation of high-tech solutions in the agro-industrial complex (AIC). The project was launched at Saken Seifullin Kazakh Agrotechnical Research University and is aimed at supporting innovation in the Akmola region, one of the country’s key grain-producing areas. According to the Ministry of Agriculture, the agro techno-park will serve as a hub for business incubation, startup support, and the piloting of modern agricultural technologies, with their subsequent introduction into Kazakhstan’s agribusiness sector. The agro techno-park covers approximately 1,000 square meters. Its facilities include a production and engineering unit with a metalworking workshop for experimental and pilot projects, office space for resident companies, and a full-cycle laboratory complex. The site also houses the Kazakh-Australian Innovation Center for Molecular and Genetic Research on Agricultural Crops, as well as laboratories dedicated to agro-biotechnology and microbiology, physical and chemical analysis, and analytical research. “Today, it is extremely important that scientific solutions do not remain within the walls of laboratories but reach agricultural producers and deliver tangible economic results. The agro techno-park should become a link between scientists and agribusiness,” Agriculture Minister Aidarbek Saparov said during his visit to the new facility. University Rector Kanat Tireuov said the agro techno-park lays the foundation for a new culture of technological entrepreneurship in the agro-industrial sector, supports the training of a new generation of specialists, and helps attract investment into applied scientific research. Its activities are expected to accelerate the market introduction of new crop varieties and hybrids, biological products, and engineering solutions, increase the sustainability of agricultural production, and strengthen the sector’s export potential. The Times of Central Asia previously reported that Kazakhstan significantly increased its exports of processed, high-tech agricultural products last year.

South Korean Firm Invests $12 Million in Kyrgyz Meat Processing Facility

A major South Korean investment is set to strengthen Kyrgyzstan’s agricultural sector with the launch of a $12 million agro-industrial complex. A groundbreaking ceremony held on December 10 in the village of Baytik, Chui region, marked the start of construction on the project, a joint venture between the state-owned Kyrgyz Agroholding JSC and South Korea’s DOD Company. According to the Kyrgyz Ministry of Water Resources, Agriculture, and Processing Industry, the facility will feature the country’s first shock-freezing unit capable of blast-freezing meat to -35°C. This technology helps preserve the natural structure of the meat, minimizes moisture and weight loss, and extends shelf life without additives, meeting export standards required by high-end markets such as South Korea and Japan. The project will also include a feedlot for 5,000 head of cattle, ensuring a reliable and consistent supply chain for the processing plant. Speaking at the ceremony, Deputy Chairman of the Cabinet of Ministers Bakyt Torobaev said the investment reflects strong trust from Korean partners and represents a major step in integrating Kyrgyz meat production into global value chains. Torobaev noted that Kyrgyz Agroholding, established to develop agro-industrial clusters and boost exports, plans to launch a pilot “Meat Cluster” project in 2026 in the Chui-Bishkek economic zone. Ten cluster associations will receive financing at 3% interest to purchase livestock, feed, cold-chain storage systems, packaging equipment, refrigerated trucks, and working capital. He also highlighted that, for the first time since independence, the Kyrgyz Armed Forces are now fully supplied with domestically produced food, an indicator of the growing capacity and resilience of the national agricultural sector.

Kazakhstan Launches First Carbon Agro-Climatic Testing Ground

Kazakhstan has inaugurated its first carbon agro-climatic testing ground, Kaz Agro Carbon, at the A.I. Barayev Scientific and Production Center for Grain Farming, marking a significant step toward climate-resilient agriculture. The project is a collaborative effort between the agriculture ministries of Kazakhstan and Russia, the National Academy of Sciences of Kazakhstan, and scientists from the University of Hannover in Germany. According to the Kazakh Ministry of Agriculture, the new facility is designed to manage soil carbon, reduce greenhouse gas emissions, and enhance the climate resilience of the agricultural sector. Kaz Agro Carbon will act as a pilot site for joint research focused on measuring, modeling, and managing the carbon balance in Northern Kazakhstan. Researchers aim to develop technologies that reduce emissions and boost carbon dioxide absorption in local ecosystems. “Kaz Agro Carbon is a platform for integrating science, innovation, and real-world production. It will help preserve soil fertility, adapt agriculture to climate change, and develop a national carbon balance management system. This is an important step toward developing climate-smart agriculture in Kazakhstan,” said Timur Savin, Chairman of the Board at the Scientific and Production Center for Grain Farming, during the opening ceremony. Amid global efforts to combat climate change, carbon farming is emerging as a strategic growth area for Kazakhstan’s agricultural sector. According to the Ministry of Science and Higher Education, Kaz Agro Carbon is equipped for year-round monitoring of ecosystem conditions. The site will track soil carbon levels as well as key meteorological data such as temperature, humidity, and precipitation. Kazakhstan’s carbon sequestration potential is estimated at up to 535 million tons annually. The development of carbon offset trading mechanisms could attract as much as $25 billion per year to the national economy. The new facility will provide farmers with the tools to certify accumulated carbon and participate in the emerging carbon quota market, positioning Kazakhstan to take an active role in international emissions trading.