• KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850
  • KZT/USD = 0.00213
  • TJS/USD = 0.10810
  • UZS/USD = 0.00008
  • TMT/USD = 0.29850

Viewing results 1 - 6 of 158

Turkmenistan and Damen Shipyards Discuss Caspian Port Cooperation

Turkmenistan has held talks with Dutch shipbuilder Damen Shipyards Group about increasing their collaboration at the Turkmenbashi port on the Caspian Sea. The talks come as Turkmenistan seeks a larger role in the Middle Corridor, a trade network linking Asia and Europe via Central Asia and the Caucasus. The talks took place this week during a visit by Ambassador Sapar Palvanov to the headquarters of Damen Shipyards Group in the Netherlands, according to the Turkmen embassy in Brussels, Belgium. Palvanov is also Turkmenistan’s ambassador to Luxembourg and the Netherlands, as well as head of Turkmenistan’s mission to NATO in Brussels. “The discussions focused on prospects for expanding cooperation between Turkmenistan and Damen Shipyards, including the possibility of joint vessel construction at the shipbuilding facility of the Turkmenbashi International Seaport,” the embassy said. “Particular attention was given to further cooperation in the field of dredging.” Engineers from Damen, a major global shipbuilder, have already worked with their counterparts in Turkmenistan. The country’s Agency of Maritime and River Transport said in 2024 that the Balkan Shipyard in Turkmenbashi would begin assembly of the Damen CSD 650 dredger under Damen’s supervision. At the time, the agency described the assembly as the first step toward “localizing” the production of Damen dredgers in Turkmenistan. “Damen dredgers are in high demand in Turkmenistan, where they are used for dredging, construction and repair of port facilities, and for sand and gravel extraction,” it said. Dredging is important for trade across the Caspian Sea because of declining water levels that could make it more difficult to access ports and navigation channels. In an analysis published by Carnegie Politika last year, writer Aida Amangeldina cited a report saying the Caspian Sea’s level began falling in 1995 and dropped by about two meters between 2006 and 2024. “The Caspian Sea’s falling level is driven by multiple factors including the regulation of river inflows, desalination, and hydrocarbon contamination,” Amangeldina wrote. “The primary cause, however, is climate change, which has led to reduced precipitation and increased evaporation across the drainage basin, exacerbating water loss.”

As Azerbaijan Pushes Back Against Moscow, Central Asia Watches

The recent diplomatic escalation between Azerbaijan and Russia appeared to have run its course in April, after Moscow agreed to pay compensation over the Azerbaijan Airlines crash in Kazakhstan. Instead, the dispute has entered a new phase, and its implications now reach beyond the South Caucasus. On July 6, Azerbaijan’s Ministry of Foreign Affairs summoned Russian Ambassador Mikhail Yevdokimov and handed him a formal note of protest over what Baku described as a Russian drone strike on a fuel station owned by Azerbaijan’s state energy company SOCAR in Ukraine’s Mykolaiv region on the evening of July 5. The Azerbaijani Foreign Ministry said the attack on SOCAR facilities in Ukraine was not an isolated incident. It cited previous strikes on the company’s gas distribution compressor station and oil depot in Odesa, which caused material damage and injured employees. Baku also pointed to earlier damage to the Azerbaijani embassy building in Kyiv and the honorary consulate in Kharkiv, calling on Moscow to investigate and comply with its obligations to protect civilian infrastructure and diplomatic missions. At the same time, Shusha — known to Armenians as Shushi, retaken by Azerbaijan during the 2020 Karabakh war, and still regarded by many Armenians as occupied — hosted an international conference devoted to what participants described as Russia’s “colonial policy,” the “Circassian genocide,” and the situation of non-Russian peoples within the Russian Federation. The conference declaration called on Moscow to “recognize its historical crimes, abandon its chauvinistic policies, and end the forced recruitment of ethnic minorities into the war against Ukraine.” Experts from Azerbaijan, the United States, France, Lithuania, Poland, the Czech Republic, Germany, Israel, Türkiye, and Georgia attended the conference. None of the Central Asian republics was represented. That absence was telling. Central Asian governments may be distancing themselves from Moscow in certain areas, but they remain reluctant to participate in openly anti-Russian political initiatives. For Astana, Tashkent, Bishkek, Dushanbe, and Ashgabat, the question is not whether Russia’s position has weakened, but how far they can move without provoking pressure from Moscow. For Central Asia, the dispute is not a distant quarrel in the South Caucasus. Azerbaijan is now a central link in the westward routes that Kazakhstan, Uzbekistan, Turkmenistan, and Kyrgyzstan are trying to strengthen as alternatives to Russian territory. The Middle Corridor runs from China through Central Asia, across the Caspian Sea, and onward through Azerbaijan, Georgia, and Türkiye to Europe. Any deterioration in Azerbaijan-Russia relations therefore has practical implications for Central Asian transit, energy, and diplomatic room for maneuver. The first major rupture in relations between Baku and Moscow came after Azerbaijan Airlines Flight J2-8243, traveling from Baku to Grozny, was damaged by Russian air-defense fire over Russian territory on December 25, 2024. The aircraft later crashed while attempting an emergency landing near Aktau, Kazakhstan, killing 38 people. Azerbaijan blamed Russia and demanded an apology, accountability, and compensation. Relations deteriorated further in June 2025 following the detention of ethnic Azerbaijanis in Yekaterinburg and reports of torture. The most prominent victims were the...

Uzbekistan and Georgia Deepen Ties as Tashkent Eyes Black Sea Routes

Uzbekistan and Georgia have elevated their relations to a strategic partnership as Tashkent seeks wider access to Black Sea ports and new routes linking Central Asia with European markets. As The Times of Central Asia previously reported, Mirziyoyev traveled to Georgia on a July 2-3 state visit aimed at expanding cooperation in trade, transport, investment, and regional connectivity. The visit concluded with the signing of a Strategic Partnership Declaration and a series of agreements designed to deepen political and economic ties. Uzbekistan and Georgia established diplomatic relations on August 19, 1994. Their cooperation was formalized a year later with the signing of the Treaty on Friendship and Cooperation. While political dialogue has continued over the years, bilateral engagement has accelerated since 2022 through regular presidential meetings, visits by prime ministers, sessions of the intergovernmental commission, and consultations between the two countries’ foreign ministries. Last year, on March 5, Georgian Prime Minister Irakli Kobakhidze visited Tashkent, where the two sides discussed expanding cooperation. The latest visit built on those discussions. According to the Uzbek presidential press service, the two leaders agreed to strengthen cooperation in politics, trade, investment, transport, tourism, and humanitarian exchanges. Bilateral trade reached $270 million in 2025, and has already exceeded $100 million since the beginning of this year. Both governments adopted the goal of increasing annual trade to $1 billion through a dedicated roadmap, reducing trade imbalances, and expanding exports through reciprocal industrial exhibitions. Transport and logistics featured prominently in the talks. The leaders agreed to expand the use of Georgia’s Poti and Batumi ports for Uzbek cargo and supported plans to establish a logistics hub that would include an industrial zone and a permanent showroom for Uzbek products. Mirziyoyev also proposed linking the future China-Kyrgyzstan-Uzbekistan railway with the Baku-Tbilisi-Kars railway, a move that could create a new transport corridor connecting Central Asia with European markets. The two countries also agreed to establish a joint investment fund and launch new industrial projects in agriculture, electrical engineering, pharmaceuticals, renewable energy, food processing, construction materials, digital technologies, digital banking, and tourism. Uzbekistan will also open an embassy in Georgia, while educational and tourism forums are scheduled to take place later this year. Political analyst Mukhtor Nazirov believes the visit represents more than a routine diplomatic exchange. Speaking to local media, he argued that Georgia is increasingly becoming Uzbekistan’s gateway to Europe as Tashkent seeks to diversify its foreign trade routes. “Today, a country’s economic opportunities are largely determined by its transport corridors and access to foreign markets,” Nazirov said. “The signing of the Strategic Partnership Declaration is therefore an important event in Uzbekistan’s foreign policy.” Nazirov noted that the Trans-Caspian International Transport Route, commonly known as the Middle Corridor, has become increasingly important for Uzbekistan. According to him, the route carried 12% of Uzbekistan’s foreign trade cargo in 2021, but that share has now risen to 28%. Official figures show that 1.2 million tons of cargo were transported along the corridor in 2025, while container train transit times to...

Uzbekistan and Georgia Sign Strategic Partnership Declaration

Uzbekistan and Georgia have signed a declaration establishing strategic partnership relations, adding a new dimension to a relationship led by trade and Eurasian transit routes. President Shavkat Mirziyoyev and Georgian Prime Minister Irakli Kobakhidze held talks on July 3 in Tbilisi during Mirziyoyev's state visit. The sides also exchanged agreements and memorandums on customs, digitalization, education, agriculture, tourism, environmental protection, labor migration, healthcare, and nuclear and radiation safety. The visit was the first by an Uzbek president to Georgia in 23 years. Mirziyoyev held talks with Georgian President Mikheil Kavelashvili on July 2 and with Kobakhidze the following day. Before the signing, Georgian Foreign Minister Maka Botchorishvili told 1TV that the visit was a "historic opportunity to elevate relations" and tied the agenda to the Middle Corridor. One concrete diplomatic step is Tashkent's decision to open an embassy in Georgia. Uzbekistan currently has no embassy in Georgia and covers the country through its diplomatic mission in Baku, despite diplomatic relations having been established in August 1994. The Uzbek president's office said bilateral trade reached $270 million in 2025 and has passed $100 million since the start of 2026. The governments plan a dedicated roadmap to raise trade to $1 billion in the coming years and reduce the trade imbalance. Following the talks, the Uzbek side said both governments had agreed on "concrete steps to significantly increase trade and deepen industrial cooperation in key sectors." The focus on Georgian ports gives the deal a clear regional dimension. Mirziyoyev and Kobakhidze discussed wider use of Poti and Batumi for Uzbek cargo and backed a logistics hub in Georgia, with an industrial zone and a showroom for Uzbek products. A business forum held before the signing drew about 300 participants, including Georgian businesses from logistics, pharmaceuticals, finance, IT, tourism, and agribusiness. Georgia already serves as a South Caucasus outlet for Central Asian freight moving toward the Black Sea and Turkey. Uzbekistan is seeking more western routes as it develops rail links toward China, Afghanistan, and the Caspian Sea. The Times of Central Asia recently reported that Kyrgyzstan and Georgia discussed linking the China-Kyrgyzstan-Uzbekistan railway to Georgian port infrastructure. Mirziyoyev made the same connection in Tbilisi, proposing that the Baku-Tbilisi-Kars railway corridor be integrated with the China-Kyrgyzstan-Uzbekistan railway now under development. That proposal would put Georgia firmly inside Uzbekistan's export planning. Uzbek foreign trade cargo moving along the Middle Corridor has doubled over the past five years to reach 1.2 million tons by the end of 2025. Industrial cooperation is also moving beyond general pledges. The sides signed a cooperation program through 2027 and discussed projects in agriculture, electrical engineering, energy, pharmaceuticals, food processing, construction materials, digital services, and tourism. The leaders also proposed a joint investment fund to support new projects. People-to-people links have grown with direct flights. Tashkent now has air links with both Tbilisi and Batumi, with direct flights operating 13 times per week. More than 21,500 Uzbek tourists visited Georgia in 2025, while Georgian tourist arrivals in Uzbekistan reached 6,800...

Uzbekistan’s Logistics Push Aims to Turn Transit Growth into Revenue

Tashkent is trying to turn a fast rise in transit cargo into a larger role in Eurasian trade. President Shavkat Mirziyoyev reviewed proposals on July 1 to expand logistics centers, modernize border infrastructure, digitalize warehouse and customs systems, and attract private investment into transport hubs. Transit cargo through Uzbekistan reached 15.3 million tons in 2025, up 54% from 2021. Yet Uzbekistan's share of China-Europe transit freight remains only 1-2%. Annual China-Europe trade is estimated at $800 billion, while freight traffic reaches 120-150 million tons. Officials estimate that an extra 15-20 million tons of international transit cargo could bring $400-600 million in added revenue, attract $3 billion of investment into logistics centers and terminals, and create 50,000 permanent jobs. The logistics push comes as Uzbekistan’s trade base becomes larger and more exposed to transport costs. Uzbekistan's foreign trade turnover reached $81.2 billion in 2025, up 20.7% from 2024, with exports at $33.8 billion and imports at $47.4 billion. The 2026 figures are more uneven. In January-May, turnover rose 3.7% year on year to $32.8 billion, but imports climbed 20.8% while exports fell 15.5%. Gold sales drove much of the export decline. Excluding gold, goods exports grew 29.4%, which gives Tashkent a clear reason to cut freight costs, speed up customs clearance, and expand container capacity. Uzbekistan already has about 4,000 kilometers of international transit corridors and a 4,700-kilometer railway network, but officials say the system remains too thin for the cargo volumes Tashkent wants to attract. Modern transport and logistics centers and dry ports are being developed in Tashkent, Navoi, and Namangan, while Navoi Airport serves Eurasian cargo routes. The July 1 proposals show how much still needs to change. Uzbekistan has 27 logistics centers that meet international standards, with total capacity of 27.2 million tons, but only one is in the highest category. Class A automated warehouses meet only 10-15% of demand. Officials also cited weak capacity at many border checkpoints, refrigerated and customs warehouse shortages, low containerization, and poor digital links. The new plan would specialize six areas as logistics zones. Khanabad would handle China-linked routes toward the Caspian, Europe, Afghanistan, Pakistan, and Iran. Angren, Yangiyul, and Akhangaran would distribute transit and foreign trade cargo. Alat would support Middle Corridor routes, and Termez would focus on Pakistan via Afghanistan. Entrepreneurs who build logistics centers in these locations would be offered 50 hectares of land in each area. The government plans to allocate $200 million a year in concessional and low-interest credit lines, with the budget covering external infrastructure. Projects also include customs terminals and parking in Qibray and Termez, a rail border checkpoint in Khanabad, Yangiyul station expansion, and a Class A center in Akhangaran. Digital systems form another part of the package. The proposals call for terminal and warehouse management systems linked to the E-logistika platform. They also include online monitoring, license plate recognition, electronic vehicle registration, and one-stop border clearance. Customs duties and certification rules may be eased for imported warehouse equipment, cargo-handling machinery, spare parts, and...

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...