• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00197 0%
  • TJS/USD = 0.09636 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%

Viewing results 1 - 6 of 11

Turkmenistan Steps into the Spotlight with Regional Diplomacy and Economic Reforms

Long known for its isolationist policies, Turkmenistan is gradually opening up to the international community through significant economic and diplomatic initiatives. Recent efforts include diversifying its natural gas exports, engaging in regional infrastructure projects such as the TAPI gas pipeline, and expanding trade partnerships. Additionally, the government has taken steps toward modernization and economic reforms to attract foreign investment, signaling a shift towards enhanced regional cooperation and global integration. This week, these initiatives gathered pace, as Chairman of the Halk Maslahaty of Turkmenistan, Gurbanguly Berdimuhamedov, continued his diplomatic tour of Central Asia with official visits to Kazakhstan and Kyrgyzstan. Berdimuhamedov's meetings focused on strengthening strategic partnerships, expanding trade and economic cooperation, and deepening cultural dialogue. Visit to Kazakhstan: Cultural Diplomacy and Strategic Cooperation On April 21, Berdimuhamedov arrived in the city of Turkestan, where he was welcomed by Kazakh President Kassym-Jomart Tokayev. The leaders held an informal meeting and visited key cultural and infrastructure sites, including the mausoleum of Khoja Ahmed Yassawi, a UNESCO World Heritage Site considered a spiritual center of the Turkic world. The tour also included the “Ethnoaul” ethnographic complex, the Turkistan Visit Centre, and an inspection of ongoing archaeological and restoration work at the ancient settlement of Kultobe. At the SPK Turkistan industrial park, they reviewed six investment projects worth a total of 36.5 billion tenge, encompassing production from tractors to medical equipment, with future expansion plans involving 112 facilities​. During the meeting, Tokayev highlighted growing bilateral ties and discussed joint initiatives in energy, transport, and digitalization. Tokayev reaffirmed Kazakhstan’s interest in participating in the development of Turkmenistan’s Galkynysh gas field and regional infrastructure projects, including the Turgundi-Herat-Kandahar-Spin Buldak railway and various transit highways connecting the two nations. Tokayev also offered support in digital governance and IT training, aligning with broader goals of regional modernization. Speaking to Toppress.kz, political analyst Tair Nigmanov interpreted Berdimuhamedov’s regional tour as a sign of Turkmenistan’s gradual emergence from diplomatic isolation. Nigmanov emphasized the symbolic significance of Turkestan, which Kazakhstan is positioning as a regional diplomatic hub for the Turkic world. Visit to Kyrgyzstan: Tradition and Informal Diplomacy On April 22, Berdimuhamedov arrived in Kyrgyzstan, where he was met at Issyk-Kul Airport by President Sadyr Japarov, who personally drove his guest along the visit route, a gesture that drew public attention. The leaders toured the Rukh-Ordo cultural center in Cholpon-Ata, and held informal discussions. During the visit, Japarov gifted a komuz, a traditional Kyrgyz string instrument, and invited Berdimuhamedov to sample the national kuurma tea. Talks on April 23 focused on enhancing bilateral relations. President Japarov praised the “centuries-old friendship” between the two nations and proposed establishing a Kyrgyz-Turkmen Development Fund, modeled on similar funds with Russia, Hungary, and Uzbekistan. Berdimuhamedov responded positively, expressing a desire to expand cooperation in trade, energy, education, and cultural exchange. Next Stop: Uzbekistan Berdimuhamedov is scheduled to visit Uzbekistan on April 23-24 at the invitation of President Shavkat Mirziyoyev. The agenda includes political, economic, and transportation cooperation, continuing the regional outreach and reinforcing Turkmenistan’s strategic...

Kazakhstan-EU Cooperation Focuses on Critical Raw Materials and Regional Connectivity

On March 13, European Commissioner for International Partnerships Jozef Síkela visited Kazakhstan and held negotiations with Deputy Prime Minister and Minister of Foreign Affairs Murat Nurtleu. As a result of the visit, the European Union and Kazakhstan have taken steps to strengthen their partnership, signing key agreements to support sustainable economic growth and foster regional connectivity, according to the EU Delegation to Kazakhstan. Investments in Transport and Renewable Energy During the visit, Commissioner Síkela and Kazakh officials oversaw the signing of a €200 million framework loan agreement between the European Investment Bank (EIB) and the Development Bank of Kazakhstan (DBK). This loan, backed by an €18 million EU guarantee, will finance investments in sustainable transport and renewable energy. The initiative aligns with the EU’s Global Gateway strategy, particularly its programs on the Trans-Caspian Transport Corridor and the Team Europe Initiative on Water, Energy, and Climate Change. Síkela underscored the EU’s commitment to strengthening economic ties with Kazakhstan through sustainable investments. “This financing agreement will boost connectivity, enhance renewable energy infrastructure, and further integrate Kazakhstan into the Trans-Caspian Corridor, a key component of the Global Gateway strategy,” he stated. Critical Raw Materials Cooperation The visit also marked the signing of a €3 million contract to enhance cooperation between the EU and Central Asia in the critical raw materials (CRM) sector. The agreement, implemented by the European Bank for Reconstruction and Development (EBRD), will support the identification of joint projects and promote international best practices for sustainable and responsible supply chains. Síkela highlighted the importance of the agreement, stating: “The EU and Kazakhstan are natural partners. Europe needs reliable access to critical raw materials, which are essential for modernizing our economy. We are committed to advancing mutually beneficial cooperation with Kazakhstan on their extraction and development. This partnership will support all Central Asian countries, strengthen Kazakhstan’s industrial capacity, create new opportunities for Kazakh businesses, drive innovation, and generate high-quality jobs.” Kazakhstan-EU Trade and Investments Foreign Minister Nurtleu reaffirmed Kazakhstan’s commitment to expanding its partnership with the EU. “Astana and Brussels have built a strong political dialogue, established dynamic cooperation between executive bodies, and fostered productive cultural and humanitarian ties between our peoples,” he said. According to the Kazakh Foreign Ministry, the EU is Kazakhstan’s primary trade and investment partner. In 2024, bilateral trade between Kazakhstan and the EU totaled $49.7 billion, with Kazakhstan’s exports reaching $38.6 billion and imports totaling $11.1 billion. From 2005 to October 2024, the total foreign direct investment (FDI) inflow from EU countries reached $200.7 billion, accounting for 47.8% of Kazakhstan’s total FDI inflows ($419.5 billion).

Afghanistan: Rentier State or Hostage to Foreign Aid?

The current geopolitical turbulence presents Afghanistan and the countries of Central Asia with serious challenges. After the Taliban's return to power in 2021, Afghanistan found itself in a state of deep economic crisis, and its continued stability once again depends on external assistance. However, with the shifting global order, traditional donors such as the U.S. and the European Union are scaling back their involvement in Afghan affairs, while new sources of support remain uncertain. This creates significant risks for the countries of the region, which must find ways to minimize the consequences of Afghanistan’s crisis and ensure their own security. Historical context: dependence through the ages Afghanistan has always been dependent on external sources of income. This historical context was explored by Ali Nuriyev (historian, blogger, and researcher of the Ottoman world) in his article for TRT, "Afghanistan: The Graveyard of Empires or a Rentier State?" “As flattering as it may be for Afghans to have a reputation as [a nation that has kept its independence despite incursions from Great Powers], everything comes at a price, including Afghanistan’s independence”. Nuriyev provides a detailed analysis showing that since the founding of modern Afghanistan in the 18th century by Ahmad Shah Durrani, the country has built its economy and politics on external sources of income. Durrani financed his campaigns through raids on India, while his successors received subsidies from the British in exchange for maintaining neutrality in the "Great Game" between the British Empire and Russia. Later, in the 20th century, Afghanistan skillfully played on the rivalry between the USSR and the U.S., securing billions of dollars for infrastructure, education, and military modernization. By the 1970s, two-thirds of the country's state budget came from foreign aid. Even after the Soviet withdrawal in 1989 and the overthrow of the Taliban regime in 2001, Afghanistan continued to rely on external support. The governments of Hamid Karzai and Ashraf Ghani survived primarily due to funding from the United States and its allies. Today, following the Taliban’s return to power in 2021, Afghanistan is once again searching for new sources of income. Sanctions and frozen assets have forced the Taliban to seek support from China, Russia, and other nations, further proving that the country’s reliance on foreign aid remains unchanged. This is the historical reality: Afghanistan is a state that, for centuries, has survived thanks to external resources. Its independence has always been closely tied to its ability to extract benefits from the geopolitical maneuvers of great powers. In the present day, this historical context can be interpreted in different ways. However, one fact remains clear, today’s geopolitical turbulence is already having a negative impact on Afghanistan. Afghanistan's adaptation As the global order shifts, the key players on the "Afghan track" are adjusting their strategies toward Afghanistan, exacerbating the country’s economic crisis. United States – For Afghanistan, the new realities in the U.S. mean reduced aid and frozen assets. The U.S., which had long been Afghanistan’s primary donor, is unlikely to increase financial support soon. Following...

Kazakhstan Strengthens Locust Control to Protect Agricultural Crops

Kazakhstan plans to double its machinery and equipment for combating locust infestations during the 2025 growing season. The expansion of locust control measures and preparations for spring fieldwork were key topics discussed at a government meeting on January 9​. Deputy Minister of Agriculture Ermek Kenzhekhanuly reported that 247 pieces of equipment were deployed for chemical field treatments in 2024. This number will rise to 443 in 2025, including 46 agro drones and 7 monitoring drones newly acquired by the Ministry of Agriculture. Enhanced Strategies and Subsidies Building on a successful pilot project in the Turkestan region last spring, the Ministry has adopted centralized services for the purchase, transport, and storage of pesticides and field treatment. The program tested agro drones for spraying fields and operated under a unified "one supplier - all work" principle. To further support farmers and service providers, the government will reimburse 25% of the cost of wheeled spraying machinery and agro drones, making these technologies more accessible. Deputy Prime Minister and Minister of National Economy Serik Zhumangarin emphasized the need to restructure sown areas, reducing wheat cultivation in favor of oilseed and other high-margin crops. Results and Regional Cooperation Kazakhstan’s locust control measures proved effective in 2024, with over 3.1 million hectares treated - 23% more than the planned 2.5 million hectares. This protected agricultural crops from significant damage by grasshopper swarms. Locust infestations in Kazakhstan have escalated in recent years, affecting 514,000 hectares in 2020 and rising to 1.6 million hectares by 2023. According to the UN’s Food and Agriculture Organization, locust outbreaks threaten agriculture across Central Asia and the South Caucasus, endangering over 25 million hectares of farmland and impacting approximately 20 million people. To address the issue, Kazakhstan continues close cooperation with neighboring countries, including Russia, to monitor and mitigate the potential spread of locusts.

Uzbekistan to Launch Bus Routes to Central Asian Countries, Russia, and China

Uzbekistan’s Ministry of Transport has unveiled plans to establish new international passenger bus routes connecting regions of Uzbekistan to cities in Kazakhstan, Kyrgyzstan, Tajikistan, Russia, and China. The initiative aims to increase the share of bus transportation in Uzbekistan’s international passenger traffic, which is currently dominated by air travel. Planned Routes Kazakhstan Bukhara – Turkestan Urgench – Aktau Fergana – Almaty Kyrgyzstan Andijan – Osh Andijan – Jalalabad Andijan – Arslanbob Kosonsoy – Jalalabad Bukhara – Bishkek Tajikistan Samarkand – Dushanbe Bukhara – Dushanbe Russia Surkhandarya – Bukhara – Urgench – Nukus – Moscow Urgench – Nukus – Ufa Nukus – Krasnodar Tashkent – Ufa Tashkent – Krasnodar China Nukus – Urgench – Bukhara – Urumqi (Xinjiang Uyghur Autonomous Region) The Ministry has invited both domestic and international transport companies to apply for the operation of regular bus services on these proposed routes.

Central Asia Faces Devastating $9 Billion Annual Loss from Climate Crises

Central Asia faces a complex mix of development challenges, according to a study conducted by the Analytical Credit Rating Agency (ACRA). These include global issues such as climate change, rising inequality, and demographic shifts, alongside regional concerns like water crises, aging infrastructure, border conflicts, and lack of access to sea routes. The region’s challenges can be categorized into external and internal risks. Since gaining independence, Central Asia has been shaped by the influence of global powers. Trade, security, energy, and education ties with Russia remain strong, while China’s Belt and Road Initiative has led to significant investment in infrastructure. Western nations and multinational corporations are active primarily in the raw materials sector, particularly in Kazakhstan, Uzbekistan, and Turkmenistan. While these international connections drive economic growth, they also heighten the region’s vulnerability to global shocks. For example, heavy reliance on remittances from migrant workers and low export diversification increase economic fragility. Climate change poses one of the most pressing threats to the region. Natural disasters—including floods, which affect about one million people annually, and earthquakes, impacting two million - result in $9 billion in annual GDP losses. Rising temperatures are expected to exacerbate issues such as water scarcity, droughts, heat waves, and the loss of agricultural land. Adopting sustainable development practices and green technologies could help mitigate these effects. Aging water and energy infrastructure is a major hurdle for the region. Energy insecurity, compounded by climate change, limits economic potential. Despite a rise in foreign investment from $1.5 billion in 2000 to $7.4 billion in 2023, the majority of funds are concentrated in raw materials, with only a small share allocated to infrastructure improvements. Transport development is equally critical. The lack of sea access places Central Asia at a 20% developmental disadvantage compared to coastal nations. Expanding roads, railways, and logistics hubs could significantly enhance regional and international trade. Territorial disputes, particularly around enclaves, remain a source of periodic clashes, with the Kyrgyz-Tajik border clashes of 2022 being a notable example. While these conflicts may not immediately affect economic stability, escalations could damage the region’s investment climate and trade prospects. A peace agreement signed later in 2022 has helped to stabilize the situation. Additionally, the situation in Afghanistan continues to present challenges, including terrorism, refugee flows, and border security concerns. These risks intensified following the regime change in Afghanistan in 2021, increasing the urgency for stronger border controls. Addressing these interconnected challenges will require coordinated efforts among all Central Asian nations. International organizations and major global partners must also play a role by supporting infrastructure and technological modernization. Such collaboration is essential to mitigating economic risks and fostering long-term development in the region.