• KGS/USD = 0.01143 0%
  • KZT/USD = 0.00216 0%
  • TJS/USD = 0.10684 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00216 0%
  • TJS/USD = 0.10684 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00216 0%
  • TJS/USD = 0.10684 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00216 0%
  • TJS/USD = 0.10684 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00216 0%
  • TJS/USD = 0.10684 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00216 0%
  • TJS/USD = 0.10684 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00216 0%
  • TJS/USD = 0.10684 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00216 0%
  • TJS/USD = 0.10684 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%

Viewing results 1 - 6 of 136

The Astana-Tashkent Tandem: A Developing Partnership Based on Mutual Interest

On April 11, Kazakhstan’s President Kassym-Jomart Tokayev paid a working visit to Uzbekistan, where he was hosted in Bukhara by President Shavkat Mirziyoyev. The historic city provided the setting for discussions that increasingly reflect a broader regional agenda. A second informal meeting in just over a year suggests this format may be gaining weight in relations between Central Asia’s two largest economies. “The informal format is of strategic importance, since such meetings make it possible to discuss sensitive issues without protocol constraints, build personal trust between leaders, which plays a key role in Central Asia, and align positions ahead of official negotiations,” said Uzbek political analyst Ravshan Nazarov. He added that such meetings reflect a growing intra-regional focus, reduced dependence on external actors, and the strengthening of the “Tashkent-Astana” tandem. During the talks, Tokayev emphasized the importance of the visit “given the current unstable geopolitical situation.” The two sides reviewed bilateral cooperation across multiple sectors. Trade turnover reached $5 billion last year, with both countries aiming to double this figure to $10 billion in the near term. Joint projects are already underway in automotive manufacturing, infrastructure, logistics, electrical engineering, and construction materials. The discussion also extended to other sectors, including energy and industrial cooperation. Both Presidents stressed the need to modernize border infrastructure, eliminate bottlenecks, and develop efficient transport corridors to external markets. They also discussed accelerating major regional projects, including the construction of the Kambarata hydropower plant and advancing “green” energy exports. Tokayev also voiced his support for Uzbekistan’s “Clean Air” initiative, highlighting environmental challenges in Almaty. “I share your concern regarding the environmental condition of Tashkent. We have a very difficult situation in Almaty. Unfortunately, Almaty has entered the list of the most polluted major cities in the world, and urgent measures must be taken. Therefore, we could propose the joint implementation of the ‘Clean Air’ initiative under presidential patronage,” Tokayev said. The reference to Almaty also recalled the setting of the previous informal meeting on March 29, 2025. During that visit, Mirziyoyev toured the Medeu high-mountain sports complex and visited the National Museum of Arts, where an exhibition featuring works by Abilkhan Kasteev and Ural Tansykbayev was organized. That visit drew attention to the city’s preparedness for high-level events. Tokayev subsequently instructed then-Mayor of Almaty, Yerbolat Dossayev, to improve conditions in the city and report regularly on progress. In May 2025, Dossayev was dismissed as mayor and reassigned to the Presidential Administration. He was later also relieved of that post. In contrast, the Bukhara program was more extensive. Mirziyoyev presented industrial and technological projects, including a cotton-textile cluster, an artificial intelligence hackathon, and several cultural landmarks, including the mausoleum of Bahauddin Naqshbandi, founder of the Naqshbandi Sufi order. The discussions themselves also appeared more substantive, covering areas such as rare earth metals, transport, energy, and information technology. “When discussions include not only trade but also rare earths, transport, energy, and IT, it indicates a shift toward strategic thinking. The focus is no longer just on trade turnover,...

The American-Uzbek Business Council Launches in Washington

Washington D.C. - At the launch of the American-Uzbek Business and Investment Council in Washington on April 6, the most revealing line came early. Ambassador Sergio Gor, the White House’s special envoy for South and Central Asia, and Co-Chair of the Council, did not begin with trade statistics or a list of deliverables. He began with a blunt assessment of how the region has been treated in Washington. “For too long, this region has not found the attention that it deserves,” he said. That observation is hardly novel to anyone who follows Central Asia. What made it notable was the speaker and the setting. U.S. policy toward the region has often been episodic, driven at different times by Afghanistan, by Russia, by sanctions enforcement, or by concern over Chinese influence rather than sustained by a coherent regional economic strategy. Gor’s remarks suggested an attempt, at least by the current administration, to correct for that pattern. He was equally clear, however, that this was a political opening, not yet a settled doctrine. “Take this opportunity that the next two and a half years present,” he told the room, an unusually candid acknowledgment that Washington’s attention may be real without yet being durable. His other key formulation explained how the administration wants to make that attention count. “Never before in the history of the U.S. government has commercial diplomacy been such a major pillar of U.S. foreign policy,” Gor said. Whatever the phrasing, the intended shift was clear. Washington is signaling that in Central Asia, economic statecraft will not be treated as a side channel to politics, but as a primary instrument of policy. In that sense, the new council is less a ceremonial bilateral upgrade than a mechanism for turning political attention into projects, financing, and institutional follow-through. [caption id="attachment_46673" align="aligncenter" width="1600"] Image: TCA[/caption] Saida Mirziyoyeva, head of Uzbekistan’s presidential administration and the Uzbek co-chair of the council, answered that shift with a line that was just as pointed. “We are no longer at the stage where we speak about potential,” she said. “We are at the stage where we must deliver.” For a government that has spent years presenting Uzbekistan as a reforming economy open to outside capital, that was a significant change of emphasis. The argument is no longer that Uzbekistan deserves credit for opening up but that it now expects to be judged by execution. Her most substantive remarks were about institutions rather than ambition. The council matters, she said, because it should help “solve problems quickly, without unnecessary bureaucracy” and ensure that “no project is lost along the way.” That is a more serious claim than the language of partnership that usually fills these forums. Mirziyoyeva was effectively acknowledging the gap that often opens between political endorsement and project delivery. Uzbekistan’s challenge is no longer simply attracting attention from foreign partners but getting projects through financing, approvals, and implementation without losing momentum inside the state apparatus. That urgency reflects the scale of the opportunity. Uzbekistan, with a...

Lukashenko Says Belarus Ready to Help Uzbekistan Build Nuclear Power Plant

Belarus is ready to assist Uzbekistan in building a nuclear power plant and training specialists for the country’s emerging nuclear energy sector, President Alexander Lukashenko said during a meeting with Uzbekistan’s ambassador to Belarus, Rakhmatulla Nazarov. According to the Belarusian president’s press service, the discussion took place on March 9 in Minsk and covered a wide range of issues ahead of a planned visit by Uzbekistan’s President Shavkat Mirziyoyev to Belarus. Lukashenko said relations between the two countries were developing steadily and that the upcoming visit could mark an important stage in expanding bilateral cooperation. “My very good friend Shavkat Miromonovich [Mirziyoyev] and I have much to discuss,” Lukashenko said at the beginning of the meeting. “By the time of his visit, we will update our agenda and develop plans for the near and medium term.” The Belarusian leader noted that both countries are working toward increasing bilateral trade to $2 billion in the coming years. He said such a target was realistic because the two economies complement rather than compete with each other. “Everything we know how to produce, from agriculture to machine building, is needed by the densely populated Uzbek state,” Lukashenko said, according to Belarusian media. Among the areas of potential cooperation, Lukashenko highlighted agriculture, industrial production, and nuclear energy. He said Belarus was prepared to share technologies, provide training, and support joint projects. “We know about your interest in our specialists in building a nuclear power plant,” Lukashenko said during the meeting. “We acquired these competencies thanks to cooperation with Russia. If it suits you, come at any time. Your representatives can meet with our specialists, and we will facilitate the construction of your nuclear power station.” Belarus has gained experience in nuclear energy through its cooperation with Russia on the Astravets nuclear power plant, which began operating in recent years. Lukashenko said Belarusian specialists currently work with Russian partners on nuclear projects in several countries. He emphasized that cooperation in nuclear energy and other sectors would be mutually beneficial, noting the size of Uzbekistan’s market and its rapidly growing economy. Lukashenko also praised Uzbekistan’s recent development efforts. “We see how Uzbekistan is drawing experience and expertise from around the world,” he said, adding that Belarus is ready to contribute to training specialists and developing technology in different sectors. The Belarusian president also said his country remains open to Uzbek workers seeking employment in Belarus, noting that migrant workers are offered access to education and social services on equal terms with local residents. In August last year, officials from Uzbekistan’s Uzatom Atomic Energy Agency met with Belarusian Energy Minister Denis Moroz in Minsk to discuss potential collaboration in nuclear infrastructure development, specialist training, and radioactive waste management. During those talks, Belarus expressed readiness to share its experience as Uzbekistan develops its national nuclear energy program.

Uzbekistan and United States to Establish Investment Platform

Shavkat Mirziyoyev has arrived in Washington with his spouse on a working visit that includes participation in the first summit of the Board of Peace and a series of business engagements aimed at strengthening bilateral economic ties. According to the presidential press service, the visit is focused on expanding trade, investment, and financial cooperation with U.S. partners. As part of his program in Washington, Mirziyoyev met with John Jovanovic, President and Chairman of the Export-Import Bank of the United States, and Ben Black, Chief Executive Officer of the U.S. International Development Finance Corporation. The discussions centered on expanding financial support for priority industrial and infrastructure projects in Uzbekistan. Officials noted that negotiations held last year with U.S. President Donald Trump gave new impetus to trade and investment cooperation. In particular, the two sides reviewed progress in supporting the activities of the bilateral Business Council and advancing plans to launch an Investment Platform intended to promote major projects on a systematic basis. Cooperation with the Export-Import Bank is expected to include increased financing for large-scale industrial and infrastructure initiatives, as well as assistance with the supply of high-technology equipment. During talks with the Development Finance Corporation, emphasis was placed on strengthening investment mechanisms and facilitating the corporation’s participation in national and regional projects, including the development of Uzbekistan’s financial market and energy sector. At the conclusion of the meetings, the parties exchanged an Agreement on the Establishment of an Investment Platform between Uzbekistan and the United States in the presence of the Uzbek president. The current visit builds on steps taken last November, when Uzbekistan announced the creation of the Uzbekistan-U.S. Business and Investment Council. The body was formalized by presidential decree following Mirziyoyev’s official visit to Washington within the C5+1 framework. The council is jointly chaired by senior representatives of both countries and is designed to serve as an institutional mechanism for deepening commercial cooperation. During his Washington meetings, Mirziyoyev also invited the American side to participate in the upcoming Tashkent International Investment Forum, underscoring continued efforts to attract U.S. business engagement in Uzbekistan’s economic reforms.

Turkmenistan and Spain Eye Regional Center to Combat Desertification in Central Asia

Turkmenistan and Spain have discussed closer cooperation to address desertification in Central Asia, including the possible creation of a regional center focused on land degradation. The talks took place in Ashgabat during a meeting between Turkmenistan’s Minister of Environmental Protection and Spain’s ambassador to Russia, Ricardo Martínez Vázquez, who is also accredited in Turkmenistan. The discussions followed Turkmen President Serdar Berdimuhamedov’s proposal at the United Nations General Assembly to establish a specialized regional center to combat desertification in Central Asia. The initiative is intended to strengthen cooperation among regional states and attract international expertise and funding. [caption id="attachment_41076" align="aligncenter" width="1000"] Image: mineco.gov.tm[/caption] Desertification is a growing concern across Central Asia, a region where arid and semi-arid landscapes dominate much of the territory. The United Nations Convention to Combat Desertification defines desertification as land degradation in dry areas caused by climatic variations and human activities. According to the UNCCD, more than 20% of land in Central Asia is already degraded, affecting around 30% of the population. Much of this damage is linked to unsustainable water use, intensive agriculture, overgrazing, and the long-term effects of climate change. Spain’s interest in desertification in Turkmenistan is rooted in their shared status as nations on the front lines of climate change. As one of the European countries most vulnerable to soil degradation, Spain co-launched the International Drought Resilience Alliance (IDRA) to export its expertise in "dryland" management and water conservation, which is directly applicable to the arid landscapes of Central Asia. This common challenge has fostered a diplomatic partnership focused on the United Nations Convention to Combat Desertification (UNCCD), where countries exchange strategies for land restoration and drought resilience. Beyond environmental solidarity, Spain views Turkmenistan as a critical emerging market for its advanced engineering and agricultural sectors. Major Spanish firms, such as TYPSA, are already active in the region, providing technical assistance for massive infrastructure projects, such as desalination plants on the Caspian Sea, and modernizing irrigation systems for thousands of hectares of farmland. This commercial engagement is bolstered by Spain's support for Turkmenistan’s proposal to host a Regional Center for Climate Change Technologies, which would serve as a hub for Spanish green tech in Central Asia. The bilateral relationship also aligns with the broader EU Strategy for Central Asia, which prioritizes environmental stability as a means of ensuring regional security. By helping Turkmenistan manage its dwindling water resources and combat the encroaching Karakum Desert, Spain contributes to the EU for a Green Turkmenistan initiative. This cooperation helps prevent resource-driven migration and instability, and strengthens trade ties in a region that is becoming increasingly vital for global energy and logistics. One of the most visible examples of desertification in the region is the collapse of the Aral Sea. Once the world’s fourth-largest inland lake, the Aral Sea began shrinking rapidly in the 1960s after its feeder rivers were diverted for large-scale irrigation projects. By the early 2000s, the sea had lost roughly 90% of its volume. [caption id="attachment_13621" align="aligncenter" width="2560"] Desert ships on the former...

Kyrgyzstan Seeks to Deepen Economic Ties with Germany

On November 28, Berlin hosted the Kyrgyz-German Business Forum and the fifth meeting of the Kyrgyz-German Business Council, with the participation of Adylbek Kasymaliev, Chairman of the Cabinet of Ministers of Kyrgyzstan. The event was organized by Kyrgyzstan’s National Investment Agency, the Eastern Committee of the German Economy, and the German Chamber of Commerce and Industry. It brought together over 300 participants from government agencies, financial institutions, and business sectors of both countries. Key areas of cooperation included the implementation of a dual vocational education system based on the German model, legal and organized labor migration from Kyrgyzstan to Germany, and joint projects in energy, green technologies, information technology, and agriculture. During the forum, Kasymaliev called on German companies to deepen engagement with Kyrgyzstan, from supplying equipment to investing in sustainable and green development initiatives. The primary purpose of Kasymaliev’s visit was to launch the second cycle of the “Days of the Economy of Kyrgyzstan and Germany,” a bilateral initiative aimed at strengthening economic cooperation and attracting foreign investment. At the Business Council meeting, Kasymaliev outlined three priority areas for collaboration. The first is financial and banking integration. He proposed establishing direct correspondent banking relationships between Kyrgyz and German financial institutions to enhance trade transparency, expedite transactions, and ensure greater security in bilateral trade. The second priority is cooperation in education and vocational training. Kyrgyzstan seeks to expand partnerships between universities, vocational schools, and industry centers, as well as to develop academic exchange and joint educational programs modeled on Germany’s experience. The third area of focus is labor migration. “Kyrgyzstan proposes to jointly develop targeted training programs, including professional and language training, as well as mechanisms for recognizing professional qualifications,” Kasymaliev stated. He emphasized that such cooperation would ensure fair working conditions and safeguard the rights of Kyrgyz citizens while addressing labor shortages in Germany. On November 29, Kasymaliev also visited the international postal exchange center of Kyrgyz Pochtasy (Kyrgyz Post) OJSC in Berlin. He noted that the establishment of such a center in the heart of Europe represents an important step toward boosting Kyrgyzstan’s export potential and expanding access for Kyrgyz businesses to European markets.