• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 -0%
  • TJS/USD = 0.10840 0.37%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 -0%
  • TJS/USD = 0.10840 0.37%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 -0%
  • TJS/USD = 0.10840 0.37%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 -0%
  • TJS/USD = 0.10840 0.37%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 -0%
  • TJS/USD = 0.10840 0.37%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 -0%
  • TJS/USD = 0.10840 0.37%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 -0%
  • TJS/USD = 0.10840 0.37%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00191 -0%
  • TJS/USD = 0.10840 0.37%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
14 November 2025

Viewing results 1 - 6 of 23

Meat Becomes Increasingly Unaffordable in Turkmenistan Amid Soaring Prices

Meat is fast becoming a luxury item in Turkmenistan, as residents across the country report skyrocketing prices and declining quality. Even in Ashgabat, where incomes are generally higher, beef is no longer affordable for many households. Rising Prices, Declining Quality For years, the price of meat has served as a barometer of living standards in Turkmenistan. This year, costs have repeatedly hit new highs. Ahead of the Eid al-Adha holiday, prices in Ashgabat nearly doubled, with similar surges reported in the Balkan region. Today, even after the holiday period, beef prices in the capital remain elevated, reaching up to 175 manats ($9.2) per kilogram, with noticeable drops in quality. Consumers complain that even trusted vendors are selling overly fatty or tough cuts. At a late September session of the Halk Maslahaty, elder Yazmyrat Atamyradov proposed scrapping the annual increase in wages and pensions, prompting widespread public backlash. The move brought renewed attention to the cost of basic goods, including meat. Globally, Turkmenistan ranks 15th in per capita beef consumption and 4th for lamb. The Cost of Meat in Markets and Shops In spring, boneless beef was selling for 75-80 manats ($3.9-4.2) per kilogram. Now, such prices are a rarity, available only in a handful of shops in Ashgabat’s Gulistan (Russian Bazaar) and other select outlets, often with the condition of purchasing bones or offal as well. Current pricing is as follows: • 80-95 manats ($4.2-5): Occasionally available in supermarkets and hypermarkets, but often sells out quickly and varies in quality. • 100-110 manats ($5.3-5.8): Entry-level pricing for consistently decent meat at open markets. • 140-150 manats ($7.4-7.9): Common at popular vendors and “premium” stores. To address the situation, state-owned shops have expanded their offering of low-cost meat products. Shoppers can now buy frozen ground chicken for 25 manats ($1.3), beef bones for 26 manats ($1.4), and frozen beef briquettes for 38 manats ($2) per kilogram. However, buyers report that the briquettes contain very little meat and are sold in limited quantities per customer. Livestock Disease and Veterinary Shortcomings The price hikes coincide with reports of recurring disease outbreaks among livestock. In June, Chronicles of Turkmenistan reported suspected anthrax cases in the Akhal region, and in August, additional deaths were reported in Lebap. In September, Radio Azatlyk cited a new illness in Akhal causing skin inflammation and respiratory distress in cattle. Farmers have criticized the poor state of veterinary services, citing misdiagnoses and contradictory advice. Years of drought have weakened livestock's immune systems and reduced herd sizes. Meanwhile, hospitals in the capital have begun admitting patients with brucellosis, a bacterial infection transmitted from animals that can affect nearly every organ in the human body. While cooking destroys the pathogen, brucellosis can still be contracted during the handling or cutting of infected meat, especially under unsanitary conditions. Medical professionals warn that with lax veterinary oversight and poor quality control, the risk of infection remains high. Experts attribute the worsening situation to a mix of agricultural mismanagement, shrinking livestock numbers, and growing meat exports...

Government Securities Drive Growth on Kyrgyz Stock Exchange

The trading volume of government securities on the Kyrgyz Stock Exchange (KSE) has nearly doubled in 2025. From January to August, turnover from treasury bonds and treasury bills reached $64.3 million, almost twice the figure for the same period in 2024. Despite this increase, government securities still account for a relatively small share of total market activity. According to local brokers, the market for government securities in Kyrgyzstan remains in its formative stages but is showing steady progress. Analysts attribute the growth to increased government focus on capital markets and active public outreach aimed at building trust in both sovereign and corporate instruments. “The fact that the state is entering the stock market and that the president publicly encourages investment, while legislative changes are being made to improve market regulation, all this has a positive impact on the development of the financial sector,” said Meerim Askarbekova, director of the financial company Senti, in an interview with The Times of Central Asia. “It builds confidence in the Kyrgyz stock market. The effect is not yet visible in numbers, but the authorities have set a strong direction for growth. Even foreign brokers and financiers have started to talk about the Kyrgyz market.” Askarbekova added that a decade ago, Kyrgyz financial professionals had limited visibility abroad and the stock exchange was undervalued domestically. Today, with greater government engagement, the KSE is attracting international attention and rising interest from local investors. Between January and August 2025, the KSE recorded 1,711 transactions totaling $1.8 billion, compared to 1,200 transactions worth $1.07 billion over the same period in 2024. The share of government securities in total trading volume rose from 2.7% to 3.4% year-on-year. KSE data shows that the primary buyers of treasury securities are large corporations and financial institutions. Notably, commercial banks now hold one-third of Kyrgyzstan’s domestic public debt. A major catalyst for market growth was the 2023 law mandating all state-owned enterprises to list their securities on the KSE. The Ministry of Finance led the way, setting a precedent for other public entities. Reform momentum continued in June 2025, when the government introduced new measures to boost stock market participation. Companies can now submit listing documents electronically, a green bond issuance framework has been established, and foreign issuers have been granted access to the exchange. These steps are expected to enhance cross-border investment and improve overall market liquidity.

Potato Hunt: Astana Restricts Potato Sales Amid Price Surge

Supermarkets in Astana, including the Small and EuroSpar chains, have introduced a restriction on the sale of potatoes, limiting purchases to no more than 5 kilograms per customer. The Astana Akimat's Department of Investment and Entrepreneurship Development announced that the measure aims to prevent speculation. However, officials have not provided a timeline for when the restrictions might be lifted. A Sharp Spike in Prices The price of potatoes has surged sharply in Kazakhstan. According to the Bureau of National Statistics, this spike occurred within a single week, from January 14 to 21. The annualized price increase averaged 57.8% across the country, with some regions experiencing even steeper hikes. In Astana, the price of potatoes doubled - rising by 100% - with a kilogram costing between 400 and 500 KZT ($0.96). The Ministry of Agriculture (MOA) attributes the price surge to speculation by unscrupulous middlemen. Deputy Minister Yerbol Taszhurekov clarified that the situation cannot be classified as “price collusion” but acknowledged significant price disparities between agricultural producers and retail outlets. “This is the result of speculative activity. After the New Year, many vegetable storages and warehouses remained closed, leading to a reduced supply in the market. Resellers and speculators exploited this temporary shortage to raise prices,” Taszhurekov explained. Tackling the Reseller Problem In response, local governments (akimats) began releasing potatoes from government stabilization funds at significantly reduced prices—between 115 and 130 KZT ($0.25) per kilogram. These measures were implemented to counter speculative practices and stabilize prices until the new harvest. The MOA reported that Kazakhstan currently has more than 62,000 tons of potatoes in reserve, excluding stocks in trade networks. These supplies are deemed sufficient to meet domestic demand until the next harvest. In Astana, this intervention helped bring down prices in retail chains like Small and EuroSpar to 280 KZT ($0.54) per kilogram. However, a new issue arose: small retailers began purchasing potatoes in bulk from these supermarkets to resell them at higher prices. To address this, supermarkets imposed a restriction on potato sales, limiting purchases to 5 kilograms per customer. “All necessary measures have been taken to ensure stable potato prices in Astana. There is no shortage in the city, and products are sufficiently stocked on retail shelves and in markets. Supplies are being replenished in a timely manner. However, to prevent bulk purchases by resellers for resale in small neighborhood stores, supermarkets in the Small and EuroSpar chains have implemented temporary purchase limits,” stated the Department of Investment and Entrepreneurship Development of Astana. Collaboration Between Retail Chains and Farmers The Ministry of Trade and Integration (MTI) also took steps to address the situation. Following discussions with representatives from major supermarket chains such as Magnum, Small, Anvar, and Dina, an agreement was reached for these retailers to directly purchase 1,500 tons of potatoes from farmers. The supermarkets will independently manage the transportation of these goods to ensure steady supply. “Akimats in the regions must present their specific needs, including the required volumes, so that retail chains can promptly meet...

Bishkek Authorities Plan to Relocate Railroad and Build Expressway

Bishkek City Hall has unveiled plans to relocate the railroad from the city center to the outskirts, replacing it with an expressway and residential developments with integrated shopping centers. While the initiative aims to modernize the capital's infrastructure, it has drawn criticism from experts in transportation and urban planning. Plans for Relocation Bishkek Mayor Aibek Junushaliev outlined the project during a parliamentary session, revealing that the new railroad route would be constructed near the northern bypass road. The Chinese company China Road and Bridge Corporation (CRBC) has expressed readiness to finance the project, which is estimated to cost $550 million. In exchange, CRBC is seeking ownership of the land vacated by the current railroad. Alternatively, the city is also exploring the possibility of self-financing the project. “We've conducted the necessary studies. Relocating the railroad to the south of Bishkek would harm the environment, so we decided to move it to the north, outside the city,” Junushaliev explained. He added that the project would include the creation of a new transportation hub with a railroad and a modern railway station. CRBC recently presented several potential routes for the relocated railroad during a working meeting with city officials. Criticism from Experts Despite the ambitious nature of the proposal, the plan has been met with skepticism from some in Kyrgyzstan. Specialists in transport infrastructure argue that Bishkek’s traffic congestion issues would be better addressed by improving traffic regulation and constructing multi-level interchanges, rather than embarking on an expensive relocation project. Talant Sadakbayev, head of the Independent Engineering Association, emphasized the need for detailed planning and feasibility studies before proceeding. “Relocating the railroad will involve more than just moving the tracks—it will require rebuilding the entire railroad infrastructure, including stations, sidings, signal systems, and freight loading and unloading facilities. This is a complex and costly endeavor,” Sadakbayev told The Times of Central Asia. He added that Kyrgyzstan already has affordable access to reinforced concrete due to production quarries near Bishkek, suggesting that constructing an expressway over the existing railroad could be a more cost-effective solution. Challenges and Alternative Solutions Sadakbayev questioned whether the proposed expressway would deliver the anticipated benefits, stressing the importance of data-driven planning. “Authorities need to analyze cellular data to determine where people live and work, as well as how cargo and passenger traffic is organized. In some areas, solutions might involve widening streets, improving traffic signals, or simply changing road markings,” he said. Sadakbayev also noted that Bishkek’s road network problems are not being addressed comprehensively, leading to persistent traffic congestion. He criticized the lack of specialized expertise within city authorities, pointing to this as a barrier to effective urban planning. Future Developments In addition to the railroad relocation project, the mayor’s office is planning to build new traffic interchanges to alleviate congestion. CRBC is also expected to participate in these developments. According to Mayor Junushaliev, construction on three overpasses in different parts of Bishkek will commence in the near future. While the relocation of the railroad and the construction...

Kazakhstan Develops Program to Revive Famous Aport Apple Variety

Kazakhstan's Ministry of Agriculture in cooperation with the National Agrarian Scientific and Educational Center have launched a program to revive the legendary Kazakh apple variety - aport. Aport is a capricious variety that requires special cultivation conditions. Quality apples can only be produced in orchards growing 850-1,250 meters above sea level. There are few such areas in the foothills of Almaty and the nearby region. Unlike other apple varieties, which begin to bear fruit in 4-6 years, aport needs 8-9 years to give a first harvest. Nevertheless, aport apples, distinguished by their large size, distinct smell, and succulent nature, are in great demand. The aport revival program, designed for 2024-2028, involves private investors and specialized nurseries. The program will grow the required number of saplings to begin the full-scale commercial cultivation of apple orchards. In the first stage, in 2024, the seeds of the Sievers apple tree were collected, and the development of national standards for growing Kazakhstan's aport began. In 2025, seedlings will be planted on ten hectares to become a mother garden supplying saplings for nurseries. During the next two years, it is planned to grow a sufficient number of saplings to plant an orchard on 100 hectares. Later, aport saplings will be offered to private gardeners for commercial cultivation. In 1970, there were 3.8 million aport trees in Kazakhstan, but by 1984, only 1.4 million remained. In 2012, scientific research began on the revival and rejuvenation of the variety, including establishing an experimental garden of aport grafted onto Sievers apple trees. In 2023, Kazakh scholars harvested the first large fruits weighing 400-500 g. Kazakhstan is the birthplace of apples — particularly the famous aport apples, which grow in the Almaty region. Translated from Kazakh, Almaty roughly means “place of abundance of apples.” One of Almaty's main landmarks, the first sight to greet visitors to Mount Kok-Tobe, which looms over the city, is a granite statue of an apple with water gushing from its core.

Kazakhstan Opens its Longest Bridge

The Kazakh government's press service has reported that on October 21, Prime Minister Olzhas Bektenov  attended the opening of Kazakhstan’s longest bridge. Spanning 1,316 meters across the Bukhtarma Reservoir, the new bridge which connects six districts of  Kazakhstan's eastern region, can accommodate up to 80,000 vehicles per day and reduce travelling time from hours to minutes. In his address at the launch, the president stressed that the bridge would allow for safe year-round traffic and accelerate the region's socio-economic development, stating: "For 50 years, residents of the region traveled [across the reservoir] either by ferry in the summer or directly on the ice in the winter and have been waiting for the bridge's construction for a long time." East Kazakhstan is a strategic region through which important transport corridors pass. The bridge across the Bukhtarma Reservoir will improve transport and logistics routes, ensure uninterrupted connections with bordering countries, and help unlock the region's tourism potential. The new bridge follows the opening of the country's longest automobile tunnel in September at the Shakpak Baba Pass in southern Turkestan.