• KZT/USD = 0.00226
  • TJS/USD = 0.10830
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00226
  • TJS/USD = 0.10830
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00226
  • TJS/USD = 0.10830
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00226
  • TJS/USD = 0.10830
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00226
  • TJS/USD = 0.10830
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00226
  • TJS/USD = 0.10830
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00226
  • TJS/USD = 0.10830
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00226
  • TJS/USD = 0.10830
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
27 September 2026

Viewing results 1 - 6 of 15

Afghanistan’s Regional Ties Grow as Global Reintegration Stalls

For Central Asia, Afghanistan is both a source of risk and a potential route south. Governments across the region increasingly see a more stable Afghanistan as a way to open new markets and expand economic links with South Asia. Afghanistan is a direct neighbor of Tajikistan, Uzbekistan, and Turkmenistan. The geography is different for Kazakhstan and Kyrgyzstan, but their political and economic interests are no less significant. Many long-term plans for expanding Central Asia’s connections to the south depend in part on Afghanistan’s future and the role it can play in the regional economy. At the UN Security Council’s September 16, 2026, meeting on Afghanistan, Kazakhstan set out a position that may reflect a wider Central Asian view. Astana argued that engagement with Afghanistan’s current authorities should not be equated with recognition and that isolation could not offer a sustainable solution. Astana proposes moving past the current focus on humanitarian aid. In Kazakhstan’s view, the next phase of international engagement should gradually move Afghanistan from dependence on humanitarian aid toward economic self-reliance through job creation, private-sector development, the restoration of financial channels, and expanded trade and investment. The statement also calls for Afghanistan’s integration into the regional economy. Kazakhstan’s representative specifically discussed connections between Central and South Asia, Kazakh-Afghan business ties, trade houses in Herat and Kabul, and the new UN Regional Centre for the Sustainable Development Goals for Central Asia and Afghanistan in Almaty. Astana also expressed concern about restrictions affecting Afghan women and girls. Georgette Gagnon, the UN secretary-general’s deputy special representative for Afghanistan, delivered the main briefing. Five years after the Taliban’s return to power, the UN Assistance Mission in Afghanistan (UNAMA) assesses that the de facto authorities face no significant armed or political threat to their control, although risks to long-term stability are accumulating and largely stem from their own policies. UNAMA therefore distinguishes between the Taliban’s control of the country and its prospects for long-term stability. UNAMA views the Doha process as the main multilateral framework for Afghanistan’s gradual reintegration into the international community. It links progress to women’s rights and inclusive governance, along with the fulfillment of counterterrorism commitments. The mission also notes that Kabul prefers bilateral relations to multilateral engagement. Russia and China focused on pragmatic engagement and economic recovery, stressing the need to avoid isolation. China also urged Kabul to step up its efforts against terrorist groups and lift restrictions preventing Afghan women employed by the UN from doing their jobs. Russia called for dialogue without pressure and for steps toward Afghanistan’s international reintegration without preconditions. Afghanistan’s economic ties with some regional partners are expanding while its political normalization at the global level remains unresolved. Kazakhstan’s position illustrates this divide. It allows for engagement without accepting the existing order as permanent or waiting for isolation to change it. Future international discussions on Afghanistan will have to address this tension.

Kyrgyzstan Reports 34% Growth in Foreign Direct Investment in First Quarter of 2026

Kyrgyzstan attracted $386.7 million in foreign direct investment in the first quarter of 2026, up 34% from $288.2 million during the same period last year, according to the latest data from the National Investment Agency under the President of the Kyrgyz Republic. The strongest inflow was recorded in the financial and insurance sector, which drew $93.6 million, followed by the manufacturing sector with $90.1 million. Investment in wholesale and retail trade rose to $64.5 million, while foreign direct investment in information and communications increased by 75% year-on-year to $46.9 million. The sharpest increase came in the professional, scientific, and technical activities sector, where investment jumped from just $1.8 million in the first quarter of 2025 to $49.5 million in the same period this year. By region, the capital, Bishkek, accounted for the largest share of total foreign direct investment, attracting $115.8 million, or 30% of the total. Talas Region ranked second with $80.3 million, representing 20.7% of total inflows, followed by Naryn Region with $69.7 million, Chui Region with $68.6 million, and Jalal-Abad Region with $43.3 million. The latest figures continue an upward trend. In 2025, Kyrgyzstan’s total foreign direct investment reached $1.31 billion, up 27.3% from more than $1 billion in 2024, according to official data. The government has been actively promoting investment in manufacturing, infrastructure, energy, and logistics as part of broader efforts to strengthen long-term capital inflows and regional development.

Kazakhstan’s Rust Belt: Why Modernized Power Plants Aren’t Stopping Urban Decline

The onset of winter in 2025 served as a stress test for Kazakhstan’s industrial north, and by most measures, the country passed. After high-profile heating system failures in cities such as Ekibastuz and Ridder in previous years, when entire neighborhoods were left without heat in temperatures as low as minus 30 degrees Celsius, the authorities were forced to move beyond piecemeal repairs toward large-scale emergency interventions. The state invested unprecedented resources into overhauling heating networks and modernizing thermal power plants in single-industry cities and smaller industrial settlements across the region. Significant budget allocations helped stabilize the most vulnerable infrastructure. Emergency repair calls gave way to routine updates from local authorities, and utility breakdowns shifted from the realm of crisis to that of manageable risk. By this winter, the basic issue of urban survival had been resolved. For regions with aging infrastructure and high industrial dependency, this marked a crucial transition from systemic failure to fragile stability. The Future Votes with Its Feet Yet behind the upgraded pipes and boilers lies a deeper structural issue. Cities such as Ekibastuz, Rudny, Temirtau, Balkhash, and many others were pillars of Soviet-era industrialization. In today’s market-driven Kazakhstan, many are rapidly losing both economic relevance and population. The term “rust belt,” borrowed from post-industrial regions of the United States, has increasingly entered national discourse. While the state focuses on fixing infrastructure, residents are asking a more fundamental question: do these industrial cities have a future? The answer, many argue, lies not in kilometers of new piping but in people, and the data is clear. Single-industry cities are aging and shrinking. Even where wages exceed 1,200 dollars per month, well above the national average, young people are still leaving. The issue is less about income than about quality of life. A stable job is no longer enough for younger generations. They also want livable cities, modern schools, safety, leisure opportunities, and green spaces, amenities these places often lack. As a result, migration from northern and eastern regions to Astana and Almaty continues, fueling an imbalance. The megacities are overstretched, while industrial cities face growing labor shortages. Exceptions to the Rule Amid the general decline, the city of Saran in the Karaganda Region stands out as a rare success story. Just a decade ago, it was a struggling mining city facing significant population outflow. Today, it is a flagship of Kazakhstan’s single-industry city revitalization program. Saran’s turnaround hinged on radical economic diversification. The establishment of an industrial zone and the arrival of new anchor investors not tied to coal mining fundamentally changed the employment landscape. The launch of the KamaTyresKZ plant, along with household appliance manufacturers and the QazTehna bus assembly plant, has stimulated both economic and social development. Authorities now point to Saran as proof that a single-industry city can transition into a manufacturing hub under the right conditions. However, its success is also attributed to unique logistical advantages, notably proximity to Karaganda and substantial state support. Replicating the Saran effect in more remote cities such as...

Opinion: Regional Power Starts at Home – Central Asia’s Path to Autonomy

The world is once again in a phase of systemic uncertainty. As conflicts proliferate and global governance splits, small and medium states must grapple with the consequences. For Central Asia, these external crises are not distant events; they are transmitted through trade, remittances, energy prices, and diplomatic pressure. But while exposure is unavoidable, dependence is not. The region’s future lies not in aligning with competing hegemons, but in constructing durable institutions of regional cooperation and self-governance. Over the last two decades, Central Asian countries have existed in a delicate balance. Security guarantees from Russia, infrastructure finance from China, and development assistance from the West provided a measure of stability, but they also bred institutional inertia. Today, that equilibrium is breaking down. Russia is preoccupied and sanctioned. China’s external ambitions are increasingly self-serving. The West is distracted. The resulting vacuum could leave Central Asia either exposed or, more optimistically, empowered to shape its own destiny. Uzbekistan's Institutional Recalibration Uzbekistan's pivot after 2016 was more than a diplomatic rebranding. It marked a nascent effort to build regional institutional trust, which was long absent in Central Asia. For the first time since independence, disputes over borders, transit, and trade were addressed not through coercion or isolation, but negotiation. The Khujand Declaration, signed by Uzbekistan, Kyrgyzstan, and Tajikistan, offered a blueprint for how local capacity, rather than external mediation, can resolve long-standing frictions. This was a decisive shift from extractive bilateralism to inclusive multilateralism. But diplomatic normalization is only a prelude. The deeper question remains: Can Central Asia institutionalize integration? Can it create shared rules and enforcement mechanisms strong enough to withstand both internal and external shocks? If Central Asian countries want to succeed, they should invest in four areas of regional institution-building, which will bring collective autonomy to the region. Mobility without bureaucracy Mobility is not just about tourism or convenience; it is about labor markets, political identity, and state capacity. Central Asia must move toward the full elimination of intra-regional visa and registration requirements. A legally binding regional agreement should guarantee the right of all citizens to live, work, and invest across borders without administrative friction. Strategic alignment through membership discipline Membership in multilateral organizations is not costless. It binds countries to external norms and power hierarchies. Uzbekistan’s exit from the CSTO and its calibrated WTO accession strategy demonstrate the value of selectively aligning with institutions that advance national and regional interests. Central Asian countries should have the political will to reconsider all memberships that harm their prosperity. Instead, a coordinated foreign policy doctrine between countries could increase their authority and bargaining power on the global stage. Energy security through joint investment and governance Energy independence is the main concern in Central Asia. Therefore, a Central Asian Energy Association should be established to coordinate grid connectivity, renewable development, and strategic reserves. Collective energy governance would reduce dependency on Russian and Chinese systems, while enabling scale economies in transition technologies. Investment in Afghanistan as a regional stability mechanism The marginalization of Afghanistan has...

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).