• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.10850 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.10850 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.10850 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.10850 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.10850 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.10850 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.10850 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.10850 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
10 November 2025

Viewing results 1 - 6 of 25

Uzbekistan and EU Sign Landmark Enhanced Partnership Agreement in Brussels

President Shavkat Mirziyoyev of Uzbekistan paid an official visit to Brussels on October 23-24 at the invitation of European Council President Antonio Costa and European Commission President Ursula von der Leyen, where a landmark agreement was signed to deepen Uzbekistan-EU cooperation across multiple sectors. During the visit, Mirziyoyev attended the signing ceremony of the Enhanced Partnership and Cooperation Agreement (EPCA), which replaces the 1996 Partnership and Cooperation Agreement. The new accord significantly broadens the scope of bilateral ties, covering areas such as trade, investment, digital technologies, environmental protection, and climate resilience. Negotiations began in February 2019 and concluded in July 2022. The EPCA includes nine sections, 356 articles, and 14 annexes, forming a comprehensive legal framework for political dialogue and long-term economic collaboration. It aims to bolster cooperation in trade, innovation, sustainable development, education, and cultural exchange between Uzbekistan and EU member states. In Brussels, Mirziyoyev also participated in a roundtable with executives from leading European companies and financial institutions, including Vandewiele, Linde, Lasselsberger Group, Meridiam, SUEZ, the European Investment Bank, Commerzbank, and KfW. The parties agreed to pursue new joint projects worth over €10 billion in sectors such as energy, chemicals, critical minerals, logistics, textiles, and pharmaceuticals. These initiatives build on an existing portfolio of EU-led projects in Uzbekistan, currently valued at more than €40 billion. Over the past seven years, trade between Uzbekistan and the European Union has doubled, while the number of joint ventures with European investment has surpassed one thousand. Mirziyoyev highlighted that the partnership is grounded in mutual trust and shared priorities, particularly in human capital development, renewable energy, digital transformation, and sustainable infrastructure. The President outlined four priority areas for expanding cooperation: joint production of high-value goods through deeper processing of strategic raw materials; collaboration in the green economy; development of logistics and transport corridors linking Europe and Asia; and partnerships in digital technologies, including artificial intelligence and cybersecurity. On the sidelines of the visit, Mirziyoyev met with King Philippe of Belgium at Laeken Palace. The two leaders discussed trade, investment, and cultural ties, with the King congratulating Uzbekistan on the signing of the historic EPCA. Relations between Uzbekistan and Belgium continue to grow, with rising trade volumes and expanding business cooperation. Belgian firms are active in Uzbekistan’s textile, logistics, and service sectors, while cultural ties have also deepened. Notable milestones include the unveiling of a bust of Ibn Sina in Kortrijk and sister-city partnerships such as Tashkent-Kortrijk and Samarkand-Liège. Mirziyoyev extended an official invitation to King Philippe to visit Uzbekistan, underscoring a shared commitment to strengthening bilateral ties in the years ahead.

Kyrgyzstan Says It’s Close to Being Removed from EU Flight Ban

A delegation from Kyrgyzstan’s Civil Aviation Agency will meet European officials in Brussels next month, marking another step in the campaign to end a two-decade ban on Kyrgyz airlines operating in the European Union because of safety concerns.   The October 7 meeting will be followed by a final European audit in December as Kyrgyzstan moves into the last stage of being removed from the EU’s so-called “blacklist” of air carriers, Kyrgyz President Sadyr Japarov said last week during the re-opening of two of the country’s airports, Naryn and Kazarman.   "Thus, we firmly believe that the European skies, which have been closed since 2006, will reopen for Kyrgyzstan,” said Japarov, who predicted that the possible removal of the ban would boost international tourism in the Central Asian country.  Kanat Tologonov, deputy director of Kyrgyzstan’s Civil Aviation Agency, said this week that European officials will decide on whether to lift the air ban on Kyrgyzstan in May 2026, according to the 24.kg news agency. Speaking to a parliamentary committee on budget and fiscal policy, Tologonov said Kyrgyzstan successfully passed 2023-2024 audits of the International Civil Aviation Organization, a U.N. agency that oversees safety and other aspects of air travel.  As Kyrgyzstan’s bid to regain access to EU skies gains momentum, civil aviation chief Daniyar Bostonov met representatives of the International Air Transport Association this week to discuss upgrading air navigation and the digitization of passenger and air cargo transportation.  The EU Air Safety List is a list of air carriers that it says do not fulfil international safety standards and it bars those airlines “from operating to, in and from the EU, including the overflight.” Sixteen carriers from Kyrgyzstan are on the list, out of a total of 169 banned airlines, according to a June update. The EU barred Kyrgyzstan because of inadequate regulation in the aviation sector and failure to comply with international safety standards.  Civil aviation has been developing in some other parts of Central Asia, including Uzbekistan and Kazakhstan. 

How Tokayev’s Kazakhstan Bridges Global Powers

Amid the ongoing reshaping of the global order, Kazakhstan is seeking to enhance its role as an emerging middle power. Preserving strong relations with all key geopolitical actors, strengthening its position as a de facto leader in Central Asia, and developing closer ties with other influential states on the world stage appear to be Astana’s top foreign policy priorities. The largest Central Asian state is one of the few countries that maintains good relations with geopolitical rivals such as China and the United States, as well as Russia and the European Union. At the same time, Astana is actively developing closer ties with the Turkey-led Organization of Turkic States, while firmly upholding its longstanding commitment to international law. It is, therefore, no surprise that, during the recently held EU- Central Asia summit in Samarkand, Kazakhstan, along with Turkmenistan and Uzbekistan, backed two UN resolution from the 1980s that reject the unilaterally-declared independence of the Turkish Republic of Northern Cyprus and deem all secessionist actions there legally invalid. Such a policy perfectly aligns with Kazakhstan President’s Kassym-Jomart Tokayev’s 2022 statement, in which he affirmed Astana’s non-recognition of Taiwan, Kosovo, South Ossetia, or Abkhazia, and the entities he described as quasi-states, namely Luhansk and Donetsk. “In general, it has been calculated that if the right of nations to self-determination is actually realized throughout the globe, then instead of the 193 states that are now members of the UN, more than 500 or 600 states will emerge on Earth. Of course, it will be chaos,” Tokayev stressed. In other words, Kazakhstan upholds the principle of territorial integrity for all UN-member states, a stance similar to China’s policy. Despite their history of often supporting the right to self-determination over the principle of territorial integrity, Russia and the West do not seem to oppose Tokayev’s approach. As a result, the President of Kazakhstan remains one of the few world leaders who can attend the May 9 Victory Day parade in Moscow, regularly meet with EU officials, and participate in China-led initiatives. As the first Central Asian leader to speak with newly elected U.S. President Donald Trump in December 2024, Tokayev is also signaling his intention to deepen relations with the United States. All these actions demonstrate that, for Kazakhstan under Tokayev, the well-known multi-vector foreign policy remains without an alternative at this point. Although it is Nursultan Nazarbayev, Kazakhstan’s first president, who initiated this approach, it is Tokayev who has been actively implementing it since he came to power in 2019. That, however, does not mean that "multivectorism" has become Astana’s official ideology. It is rather a tool the energy-rich nation’s policymakers are using to improve their country’s position in the international arena. Nowhere is that more obvious than at the Astana International Forum – an annual summit taking place in Kazakhstan’s capital – where leaders from diverse countries, often with differing goals and values, come together to discuss global challenges, foster dialogue, and seek common ground. The fact that this year Astana will host...

Gas Crunch in Uzbekistan: Industry Falters as Demand Surges

In the first two months of 2025, Uzbekistan's natural gas production declined by 4.2% compared to the same period in 2024, continuing a troubling trend that has seen output fall from 61.59 billion cubic meters in 2018 to 44.59 billion cubic meters in 2024. This persistent decrease raises concerns about the nation’s energy security and economic stability. Once among Central Asia’s energy success stories, Uzbekistan became a net importer of natural gas in 2023, a symbolic turning point for a country whose identity was long intertwined with hydrocarbon abundance. The extent of the strain was demonstrated in December 2024, when gas stations around the country were forced to close during a cold snap as heating systems across the country kicked into action. This led drivers of methane-powered cars, which are common in the country given that it costs about $15 to fill the tank as opposed to $40-50 in a gasoline-powered vehicle, into a desperate hunt for places to fill up. Kilometer-long queues formed, and drivers ferociously competed to be first to the pump. Such scenes have become a familiar sight in the Uzbek winter as gas production has fallen. “Uzbekistan’s gas production is already quite mature,” Anne-Sophie Corbeau of Columbia University’s Center on Global Energy Policy told The Times of Central Asia. “The existing fields are entering a phase of decline. The reserve-to-production ratio was around 18 years based on 2020 data, and the situation is unlikely to be much better now.” Put simply, the country is running out of easy gas. Despite repeated efforts to locate new reserves, particularly in the under-explored Ustyurt region, exploration has so far failed to yield significant breakthroughs. Even if discoveries are made, the timeline to bring new fields online would mean little impact before 2030, at best. In parallel, demand for gas has remained stubbornly high. Corbeau noted that “the country’s energy mix and electricity generation are very dependent on natural gas. And Uzbekistan is one of the countries with the lowest wholesale gas prices in the world.” Those prices have long distorted both domestic consumption and investor interest, keeping demand high while choking off potential upstream capital. [caption id="attachment_30630" align="aligncenter" width="1209"] Image: Wholesale Gas Price Survey 2024 Edition. International Gas Union. https://www.datocms-assets.com/[/caption] This sentiment is echoed by Irina Mironova, Senior Energy Analyst at the New Energy Advancement Hub. “Domestic production is declining faster than consumption,” she said, “and domestic gas pricing is not market-based. It remains below the price of imported gas, which undermines the investment appeal of upstream projects for foreign investors.” The government has undertaken some measures to control demand over the past year, raising the tariffs for electricity and gas by 52.5% and 71% respectively, hitting consumers in the pocket in an attempt to alter the wasteful use of scant resources. On the supply side, the government has declared a bold ambition to raise production to 62 billion cubic meters annually under its Uzbekistan–2030 development strategy, but observers remain skeptical. “They’ve tried to facilitate exploration, especially in the...

EU-Central Asia Summit Opens New Opportunities for Kazakhstan

The first-ever summit between the European Union and the five Central Asian countries opened on April 3 in Samarkand, Uzbekistan. The meeting marks a milestone in regional diplomacy, as both sides seek to deepen cooperation amid growing geopolitical shifts. Kazakhstan, in particular, is entering the summit with growing international clout, thanks to its stable economic performance and balanced foreign policy approach. European Council President António Costa and European Commission President Ursula von der Leyen are representing the EU at the summit, which is being chaired by Uzbek President Shavkat Mirziyoyev. According to official sources, the summit aims to demonstrate mutual geopolitical interest and expand collaboration between Europe and Central Asia across key areas. The agenda includes strengthening multilateral ties, addressing shared security threats, enhancing economic and investment cooperation, and advancing collaboration under the EU’s Global Gateway initiative. Focus areas also include energy, climate neutrality, connectivity, and green transition, along with mobility and cultural exchange. The EU is already the region’s second-largest trading partner, accounting for 22.6% of Central Asia’s total foreign trade in 2023. It is also the largest source of foreign investment, responsible for over 40% of the region’s total inflows. Kazakhstan's President Kassym-Jomart Tokayev is attending the summit, following a bilateral meeting with President Mirziyoyev in Almaty on March 29. Also expected to participate are Kyrgyz President Sadyr Japarov, Tajik President Emomali Rahmon, and Turkmen President Serdar Berdimuhamedov. At the summit, the EU is set to unveil a substantial investment package for Central Asia, with priority sectors including transportation infrastructure, critical raw materials, energy transmission, and digitalization. European Commission President von der Leyen emphasized that Central Asia’s significant natural resources and industrial potential align with Europe’s sustainability goals. “Europe aims to create a complete value chain, not merely purchase raw materials. This is vital for generating local employment and upholding high environmental and social standards,” she said. Additional EU funding will be directed toward green energy projects and improvements to Uzbekistan’s water infrastructure. According to Tair Nigmanov, an international relations expert, the EU’s increased engagement stems from heightened geopolitical rivalry. “We are situated between major powers like Russia and China. The EU, as another global player, wants Central Asia to remain neutral and not gravitate toward any single power center,” Nigmanov told Inform.kz. “To that end, it is offering investment, trade opportunities, and political assurances.” For Kazakhstan, the summit presents a strategic platform to attract investment, reinforce its non-aligned stance, and leverage its growing geopolitical relevance in an increasingly multipolar world.

EU’s Kaja Kallas: Russia Must Not Use Central Asia to Bypass Sanctions

European Union sanctions against Russia are affecting Central Asian economies, but the EU remains determined to prevent the region from being used to circumvent those measures. This was emphasized by EU High Representative for Foreign Affairs Kaja Kallas during the 20th EU-Central Asia Ministerial Meeting held in Turkmenistan's capital, Ashgabat. “The EU has introduced 16 sanctions packages to weaken Russia’s military machine, and we are working on the 17th,” Kallas stated. “I understand these sanctions impact your economy, but we all want this war to end. Russian companies must not use Central Asia to bypass these restrictions.” The ministerial meeting on March 27 brought together the foreign ministers of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. Discussions centered on preparations for the upcoming EU-Central Asia Summit, scheduled for April 2025 in Samarkand. Strengthening U.S.-Uzbekistan Ties In a parallel development, U.S.-Uzbekistan relations are showing signs of deeper engagement. On March 26, Ambassador Furkat Sidikov hosted a Congressional Breakfast with U.S. Representative Trent Kelly, focused on trade and investment opportunities. Congressman Kelly praised Uzbekistan’s ongoing reforms and expressed support for lifting the Jackson-Vanik Amendment, a Cold War-era restriction on trade. A Shift in U.S. Strategy Toward Kazakhstan Meanwhile, experts are calling for a more nuanced U.S. approach to Kazakhstan. Dr. Robert M. Cutler, Times of Central Asia correspondent, noted that Kazakhstan’s close ties with Russia and China stem from geopolitical necessity rather than ideological alignment. He urged Washington to maintain consistent engagement with Kazakhstan and prioritize economic and strategic cooperation over political pressure.