• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10799 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10799 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10799 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10799 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10799 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10799 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10799 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10799 0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Viewing results 1 - 6 of 147

Turkmenistan, Azerbaijan Tighten Ties, Supporting Middle Corridor

The main maritime route between Turkmenistan and Azerbaijan is about 300 kilometers long, linking the area around the Azerbaijani capital of Baku on the west coast of the Caspian Sea to Turkmenbashi port on the east coast. Now the leaders of the two countries are pursuing a years-long effort to bring their nations closer together – economically and diplomatically. The growing cooperation has broader implications for international trade because the Caspian Sea route is a critical part of a trade network dubbed the Middle Corridor, which connects China and Europe via Central Asia, the Caucasus, and Türkiye. The Middle Corridor has become more important because Russia and Iran, two other countries that have Caspian coastlines, have seen their economies and trade links come under pressure because of war, regional tension, and sanctions. North of Turkmenistan, Kazakhstan also borders the sea and views it as a key alternative to more traditional trade routes through Russia that have become problematic because of Western sanctions aimed at punishing Moscow over its war with Ukraine. President Serdar Berdimuhamedov of Turkmenistan visited Azerbaijan earlier this week and was welcomed by President Ilham Aliyev, who noted the value of their governments’ collaboration on transport and logistics to the wider world. “Of course, cooperation between our countries in this area is already long-term, I would even say that it is of strategic importance not only for us, not only for our neighbors, but also for a wide geography,” Aliyev said on Monday. “Because today in the world there are not so many very reliable, safe transport routes connecting countries that cooperate with each other.” Aliyev thanked Turkmenistan for welcoming Azerbaijan into the Consultative Council of Heads of State of Central Asia, even though the South Caucasus country is not geographically part of Central Asia. The step, the Azerbaijani president said, recognizes cultural and historical ties as well as regional challenges, creating “the prerequisites for the recognition of the great Central Asia as a single geopolitical and geoeconomic region.” Turkmenistan’s state media said upgraded port facilities in Baku and Turkmenbashi were making the transit of cargo between Asia and Europe more efficient. The leaders of Azerbaijan and Turkmenistan signed deals on energy, trade, and agriculture during Berdimuhamedov’s visit. Several years ago, the two countries resolved a dispute over an offshore oil and gas field in the Caspian, agreeing to jointly develop it in a deal that removed a hurdle to warmer relations. There were also personal touches by the two men, both of whom succeeded their fathers as president. Berdimuhamedov laid flowers at the grave of Heydar Aliyev, a former Soviet official who became president of Azerbaijan and was succeeded after his 2003 death by Ilham, his son. The Turkmen president then paid tribute to Zarifa Aliyeva, a prominent ophthalmologist who was Heydar Aliyev’s wife and the mother of the current president. She died in 1985. On Thursday, after Berdimuhamedov´s visit to Azerbaijan, the Turkmen president’s father discussed “priority areas” of the relationship between the two countries in...

EU Launches Platform to Mobilize Up to €2 Billion for Europe–Central Asia Connectivity

The European Commission launched a Connectivity Agenda Platform on June 23, 2026, and concluded statements of intent with international financial institutions expected to mobilize up to €2 billion ($2.3 billion) for transport, border-crossing and trade-facilitation projects across the Black Sea region and the South Caucasus. The initiative was unveiled at a high-level ministerial meeting in Brussels, hosted by European Commissioner for Enlargement Marta Kos, Commissioner for International Partnerships Jozef Síkela, and Commissioner for Sustainable Transport Apostolos Tzitzikostas. The meeting brought together transport ministers and senior officials from EU member states, as well as representatives from Armenia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Türkiye, Ukraine, and Uzbekistan, alongside international lenders, to advance connectivity projects under the EU’s Global Gateway strategy. The new platform is designed to coordinate investments and policy actions across transport, energy, digital connectivity, and trade. Participants also agreed to improve the operational efficiency of the Trans-Caspian Transport Corridor, a wider framework that includes the Trans-Caspian International Transport Route, or TITR, also known as the Middle Corridor. The route links China and Europe through Central Asia and the South Caucasus, offering an alternative to transport routes crossing Russia. The European Commission said the expected financing would support transport infrastructure, border-crossing modernization, and trade-facilitation projects aimed at improving freight movement across the corridor. “The Trans-Caspian Transport Corridor is becoming a vital bridge between Europe and Asia,” Síkela said, adding that the investments would help make the route faster, more reliable, and better integrated. Tzitzikostas said stronger transport links were critical for economic competitiveness and regional resilience. The platform’s launch came during Kazakh President Kassym-Jomart Tokayev’s official visit to Brussels, where he met with European Council President António Costa and European Commission President Ursula von der Leyen. In an EU–Kazakhstan joint statement, the leaders reaffirmed the strategic importance of the Trans-Caspian corridor and pledged deeper cooperation under the EU’s Global Gateway strategy. They also highlighted the EU’s role as Kazakhstan’s largest trade and investment partner and agreed to deepen cooperation in critical minerals, energy, transport, digitalization, and emerging technologies. Speaking at the Kazakhstan-EU roundtable in Brussels, Tokayev said Kazakhstan was investing heavily in infrastructure to position itself as a regional logistics hub connecting Europe, Central Asia, China, the Caucasus, and the Middle East. According to Tokayev, cargo volumes along the Middle Corridor have risen fivefold over the past six years, from 0.8 million tons to 4.1 million tons annually, with Kazakhstan targeting a capacity of 10 million tons. He said Kazakhstan has invested more than $35 billion in transport and logistics infrastructure over the past 15 years, with the Caspian ports of Aktau and Kuryk serving as major transit gateways. Tokayev also welcomed logistics agreements worth nearly $1 billion signed on June 23 by the Development Bank of Kazakhstan: one with the European Investment Bank, and a separate agreement with a banking syndicate including Commerzbank, JPMorgan Chase, and Standard Chartered, backed by guarantees from the Multilateral Investment Guarantee Agency (MIGA). A day earlier, Kazakhstan and European partners announced four transport-related agreements worth...

Tokayev’s Brussels Visit Brings Aviation Pact, Visa Progress and $12 Billion Business Package

President Kassym-Jomart Tokayev left Brussels with a broader package than the transport announcements that opened his two-day visit on June 22-23. Kazakhstan and the European Union signed an aviation agreement, completed talks at negotiators’ level on easier short-stay visas, backed new road and mineral projects, and endorsed an Air Astana aircraft order worth €7.145 billion. Tokayev also said the business program produced commercial agreements and memoranda worth more than $12 billion. Tokayev met with European Council President António Costa and European Commission President Ursula von der Leyen on June 23. Their joint statement placed connectivity, energy security and resilient supply chains at the center of the relationship. Von der Leyen called Kazakhstan “a global gateway” and said the EU was ready to turn it into “a pathway for jobs, business opportunities and common prosperity.” Negotiators completed talks on Visa Facilitation and Readmission Agreements, opening the way for internal approval procedures. The visa agreement would simplify applications for short stays in the EU, though the agreement would not create visa-free travel and has not yet entered into force. The two sides also signed a Horizontal Aviation Agreement after negotiations lasting more than two decades. Once internal procedures are complete, any eligible EU airline will be able to operate between Kazakhstan and 17 member states that already have air service arrangements with Astana. Existing rules generally reserve those rights for airlines owned or controlled by nationals of the country concerned. EU Transport Commissioner Apostolos Tzitzikostas said the pact would bring “our people and economies closer together.” A separate agreement covered up to 50 Airbus A320neo and A321neo aircraft for Air Astana. The joint statement valued the order at €7.145 billion. That transaction formed the largest named item within the more than $12 billion in commercial agreements and memoranda announced during the visit. Tokayev presented the total as evidence of European business confidence in Kazakhstan. Transport and connectivity remained the backbone of the trip. Before the leaders met, Kazakhstan and its European partners unveiled four Middle Corridor agreements worth a combined $462 million. They included airport digitalization work with SITA, an EBRD-backed loan for the 234-kilometer Aktobe-Ulgaisyn road, a KTZ Express project at Romania's Port of Midia, and cooperation with A.P. Moller-Maersk on container traffic across the Trans-Caspian route. The leaders welcomed a European Investment Bank framework agreement of up to €150 million for Kazakh roads along the Trans-Caspian Transport Corridor. An EBRD memorandum will support an internationally accredited chemical-analytical laboratory for critical raw materials. Other documents cover intelligent transport systems, the E-Zholdary road platform and a minerals and metals center of excellence. Brussels also encouraged the EIB to open an office in Astana. These projects connect the visit to the EU's effort to build a reliable route between Central Asia and Europe through the Caspian Sea, Azerbaijan, Georgia and Türkiye. Tokayev said annual freight volumes had risen from 800,000 tons to 4.1 million tons over six years. Kazakhstan aims to raise the corridor’s capacity to 10 million tons, but ports, railways, border...

Kazakhstan and European Partners Announce $462 Million Middle Corridor Agreements in Brussels

Kazakhstan and its European partners unveiled four transport deals worth a combined $462 million on June 22, giving President Kassym-Jomart Tokayev’s visit to Belgium a concrete outcome on Eurasian connectivity. The package was presented at the business conference “Strengthening EU-Kazakhstan Connectivity: Perspectives and Strategic Potential of the Middle Corridor.” The Trans-Caspian International Transport Route, also known as the Middle Corridor, is a multimodal transport corridor linking China and Europe through Central Asia and the South Caucasus, offering an alternative to routes that pass through Russia. The conference was organized by Kazakhstan Temir Zholy, Kazakhstan’s national railway operator, and brought together representatives of the European Commission, the European Parliament, international financial institutions, and major European transport and logistics companies, including DHL Global Forwarding, Alstom, DB Cargo, HHLA International, Rhenus Logistics, Hellmann Worldwide Logistics, Ahlers Logistics, and A.P. Moller-Maersk. The conference focused on strategic development priorities for the Middle Corridor, including increasing the capacity of the Trans-Caspian International Transport Route, modernizing railway, port, and terminal infrastructure, digitalizing logistics processes, and developing sustainable supply chains across Eurasia. The four documents, presented as a $462 million package, aim to strengthen transport connectivity between Europe and Asia and further develop the Trans-Caspian route. Kazakhstan’s Ministry of Transport and SITA, a global provider of information and telecommunications solutions for the aviation industry, signed a memorandum of cooperation on the digitalization of state airports, including biometric identification. National road operator QazAvtoZhol and the European Bank for Reconstruction and Development signed a loan agreement for the Aktobe-Ulgaisyn road project. The Aktobe-Ulgaisyn project covers a 234-kilometer section of the Western Europe-Western China corridor and is intended to improve regional and transit connectivity. KTZ Express, a subsidiary of Kazakhstan Temir Zholy, signed an agreement with Midia Marine Terminal for a joint project in Romania’s Port of Midia. The project aims to expand Black Sea route infrastructure and improve cargo handling efficiency. In addition, KTZ Express and A.P. Moller-Maersk agreed to cooperate on container shipping along the Trans-Caspian International Transport Route and to attract additional cargo volumes to the route. Speaking at the conference, Kazakhstan’s Deputy Foreign Minister Arman Issetov stressed that the route has evolved far beyond a traditional transit corridor and is increasingly becoming a major geo-economic project serving the interests of both Central Asia and Europe. He said that amid shifting global supply chains and growing demand for reliable and diversified transport routes, Kazakhstan continues to advocate for open, resilient, and mutually beneficial connectivity between East and West. Particular attention was given to the complementarity between the Trans-Caspian International Transport Route and the European Union’s Global Gateway initiative. Under this strategy, the Trans-Caspian corridor has become a priority for strengthening sustainable connectivity between Europe and Central Asia, with Kazakhstan playing a central role as a major Eurasian transport hub. At the Third National Workshop of the Trans-Caspian Transport Corridor Coordination Platform in Astana on June 3, EU Ambassador to Kazakhstan Aleška Simkić said: “Through our €30 million Trans-Caspian Transport support program and other projects, the European Union supports...

Tokayev Heads to Brussels as Kazakhstan and EU Seek Progress on Trade, Minerals and Transport

President Kassym-Jomart Tokayev arrived in Brussels on June 22 seeking to advance cooperation with the European Union on critical minerals, transport connectivity, investment, and visa facilitation, as Kazakhstan and the EU move from framework agreements toward implementation. Tokayev’s official visit brings him together with the European Union's two senior institutional leaders and Belgium's prime minister. Tokayev is scheduled to meet European Council President António Costa at 7 p.m. on Monday. A joint meeting with Costa and European Commission President Ursula von der Leyen is set for Tuesday. His program also includes Belgian Prime Minister Bart De Wever and a Kazakhstan-EU roundtable with senior European business executives. The announced agenda covers the enhanced partnership, bilateral ties and international issues. The business roundtable will focus on investment, trade and joint projects. Ahead of the meetings, Tokayev set out three priorities for the next phase of relations: “strengthening resilience, expanding connectivity of all kinds, and creating new opportunities for citizens.” He linked them to energy and food security, critical raw materials, the Middle Corridor, artificial intelligence, easier travel, education and research. The visit follows a year of closer ties. The EU and the five Central Asian states raised their relationship to a strategic partnership at the Samarkand summit in April 2025. Costa then visited Astana in December. Those meetings placed critical minerals, transport, energy, digital links and easier travel at the center of cooperation. A Partnership Built on the EPCA The Enhanced Partnership and Cooperation Agreement gives the relationship its legal basis. Kazakhstan and the EU signed it in 2015, and it entered into force on March 1, 2020, making Kazakhstan the first Central Asian country to conclude such an agreement with the EU. The EPCA covers 29 policy areas, including trade, investment, energy, transport, climate, research, justice, and human rights. The broad range allows both sides to pursue commercial and political work through one framework. The agreement reached its tenth anniversary in December 2025. Before his Astana visit, Costa set a clear goal for the coming years. “The next decade must be defined by implementation: stronger value chains, modernised infrastructure, deeper technological cooperation, and tangible joint projects,” Costa said. Large Volumes, Limited Diversification The EU remained Kazakhstan's main trade and investment partner in 2025. Two-way goods trade totaled €41.4 billion, down 10.7% from 2024. EU imports from Kazakhstan reached €30.8 billion, while EU exports were €10.6 billion. The mix is less balanced. Fuel and mining products accounted for 92% of Kazakh exports to the EU. Machinery, transport equipment and chemicals led European sales to Kazakhstan. That gives the Brussels business roundtable a clear economic focus. Kazakhstan wants more European capital in processing, manufacturing, infrastructure and technology, while European companies want reliable access to energy and raw materials, along with clear investment rules. “We see great opportunities to venture in energy efficiency, critical minerals, digital technologies, and transport connectivity,” Tokayev said after meeting Costa in Astana in December. Critical Minerals Move Closer to Investment The EU and Kazakhstan signed a strategic partnership on...

The 43 Kilometers That Could Rewire Eurasia

The Caspian Policy Center’s Trans-Caspian Forum 2026 convened U.S. and regional officials at the National Press Club in Washington on June 10 for a discussion of peace, economic security, and durable partnerships. The forum framed a short Armenia-based link as part of a wider effort to turn the Middle Corridor into a working route for cargo, energy, data, and capital. The strategic dialogue was chaired by Dr. Eric Rudenshiold, CPC research director and senior fellow. Speakers included Aryeh Lightstone, Senior Advisor to the Board of Peace and to Ambassador Steve Witkoff; Hikmet Hajiyev, Assistant to Azerbaijan’s president and foreign-policy department head; Yerzhan Kazykhan, Kazakhstan’s presidential representative for U.S. negotiations; Javlon Vakhabov, deputy adviser to Uzbekistan’s president on foreign policy; and Edil Baisalov, Kyrgyzstan’s ambassador to the United States and presidential special envoy. The meeting came as Washington tries to turn the Armenia-Azerbaijan thaw, the C5+1 critical minerals agenda, and private-sector interest into routes that can move cargo, energy, data, and capital across the Caspian. The discussion cast the Middle Corridor as the main strategic alternative linking Central Asian production to western markets. The Trump Route for International Peace and Prosperity (TRIPP) refers to a planned 43-kilometer link through southern Armenia’s Syunik province, near Meghri and the Arax River, that would connect Azerbaijan with its Nakhchivan exclave. With rail, road, energy, and digital infrastructure, TRIPP is intended to plug into the wider Trans-Caspian route from Central Asia through Azerbaijan and Türkiye to Europe. Aryeh Lightstone opened by placing connectivity inside the Trump administration’s peace and economic-security agenda. His remarks tied Armenia-Azerbaijan diplomacy, the Board of Peace, and the Abraham Accords to the claim that commerce can reinforce peace where standard diplomacy stalled. Lightstone shifted the subject from maps to execution. Customs, regulatory harmonization, digital trade platforms, border procedures, and bankable investment vehicles will decide whether the Middle Corridor becomes a reliable system, he said. His reference to a TRIPP Plus Enterprise Fund pointed to U.S. structures that can move from declarations to projects. Hikmet Hajiyev presented Azerbaijan as the hinge of that system. The Caspian, he argued, does not separate Azerbaijan from Central Asia, but unites them. His line that C5+1 was mathematics while the C6 was chemistry captured Baku’s framing. Azerbaijan is positioning itself as a logistical and strategic extension of Central Asia, connected through Turkic institutions, energy routes, rail, ports, aviation, and digital links. Hajiyev described the Middle Corridor as moving from a supplementary transit route into a strategic geoeconomic system, linking Baku-Tbilisi-Kars rail capacity, Baku port, Nakhchivan, TRIPP, and the planned Trans-Caspian fiber-optic cable with Kazakhstan. Ambassador Kazykhan presented Kazakhstan’s strategic value as something built over time and backed by material capacity, not diplomatic positioning alone. Kazakhstan is by far the region’s largest economy, with the IMF projecting 2026 GDP of about $360 billion. Kazykhan said more than 600 American companies operate in Kazakhstan and cumulative U.S. investment has surpassed $100 billion. Kazakhstan also supplies about 24% of U.S. uranium imports and has reserves or production capacity linked...