Central Asia Wire
Independent Central Asia Monitor
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China's fuel promise to Mongolia gets a number: 17,000 tonnes for September, and a 20-year frame around itKazakhstan pauses collecting its $5.2 billion Kashagan fine after NCOC takes the bailiff to courtBaku moves the start of work on the Trump route to 2027, 6 days before Armenia's court takes up the dealKazakhstan's energy ministry says CPC loading stopped on 2 buoys after Tuesday's drone incident and resumed after checks

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130 results
  1. The ADB puts $400 million behind the region's border queues
    EconomyBrief27 Aug

    The ADB puts $400 million behind the region's border queues

    The Asian Development Bank approved on Thursday a $400 million regional facility, BUILD, to modernise border crossings across the 11 CAREC countries, with up to $50 million per project over 10 years. The priority projects named so far are Tajik: Fotehobod-Oybek on the Uzbek border, Sarazm and Navbunyod.

  2. Dushanbe rewrites its 3-year forecast: more freight, more investment, less aluminiu
    EconomyBrief27 Aug

    Dushanbe rewrites its 3-year forecast: more freight, more investment, less aluminiu

    Tajikistan's government has revised its macroeconomic forecast for 2027 to 2029. Industrial output is now expected to reach about 132 billion somoni ($14.3 billion) in 2028 against roughly 106 billion in the previous version, freight traffic 211 million tonnes instead of 160 million, and fixed investment 44.5 billion somoni instead of 40.5 billion. The aluminium line moved the other way: the 188,000-tonne target for 2028 has been cut, and the new figure was left out of the summary that reached print.

  3. The EBRD's president reopens the Ashgabat ledger
    EconomyBrief27 Aug

    The EBRD's president reopens the Ashgabat ledger

    Odile Renaud-Basso met Serdar Berdymukhamedov in Ashgabat, and the two sides signed a package of memoranda: a central-bank framework running 2027 to 2032 and a program on the banking system, the Ashgabat-based nCa reported Thursday.

  4. The biggest container line stops booking Novorossiysk
    EconomyBrief27 Aug

    The biggest container line stops booking Novorossiysk

    MSC suspended new bookings to and from Novorossiysk with immediate effect after a strike on one of its ships bound for the port. At the grain quay in the same harbor, repairs are now priced at up to four months.

  5. KazMunayGas starts building a yuan book on its home exchange
    EconomyBrief26 Aug

    KazMunayGas starts building a yuan book on its home exchange

    The national oil company opened books on Wednesday for two tranches of yuan bonds on the Astana International Exchange, with settlement set for 2 September.

  6. Turkmenistan reports $46.4 million of trade and 15 days of silence on Kabul
    EconomyBrief25 Aug

    Turkmenistan reports $46.4 million of trade and 15 days of silence on Kabul

    Turkmenistan's state news service reported on 24 August that the country's commodity exchange registered 19 transactions worth more than $46.412 million in a week, with buyers from the United Arab Emirates, Turkey and Afghanistan. The same service has published nothing about the gas memoranda Ashgabat signed with Kabul on 10 August.

  7. Baku and Tashkent agree to count each other's pension years
    EconomyBrief25 Aug

    Baku and Tashkent agree to count each other's pension years

    The pension agreement signed at Sunday's Tashkent summit lets citizens who worked in both countries stack their service years for eligibility, with each state paying the share earned on its territory. The terms were published on Monday; ratification is still ahead.

  8. The price of shipping Kazakh oil eases off its record
    EconomyBrief24 Aug

    The price of shipping Kazakh oil eases off its record

    The Baltic Exchange's weekly report has the Novorossiysk-to-Augusta Suezmax run settling Thursday at WS532, a round trip earning "just under $400,000" a day, almost 40 Worldscale points off in a week.

  9. S&P returns Kazakhstan to BBB for the first time since 2016
    EconomyBrief24 Aug

    S&P returns Kazakhstan to BBB for the first time since 2016

    S&P Global Ratings raised Kazakhstan's sovereign rating one notch to BBB with a stable outlook, in a decision reported on Saturday. The upgrade lands in a summer when the route that carries most of the country's export crude loads under drone attack.

  10. Tashkent and Tbilisi retire the paper permit
    EconomyBrief21 Aug

    Tashkent and Tbilisi retire the paper permit

    Uzbekistan and Georgia have switched international road haulage to electronic permits, covering bilateral runs, transit and third-country shipments alike, under a memorandum signed during Mirziyoyev's visit to Georgia in July. Tashkent's transport ministry announced the launch this week.

  11. Turkmenistan's China trade runs $5 out for every $1 back
    EconomyBrief18 Aug

    Turkmenistan's China trade runs $5 out for every $1 back

    Trade between Turkmenistan and China came to $4.82 billion in the first half of 2026, and its structure is the story: $4.04 billion of Turkmen exports against $778 million of imports.

  12. Urgench brings in Incheon to more than quadruple its airport
    EconomyBrief18 Aug

    Urgench brings in Incheon to more than quadruple its airport

    Shavkat Mirziyoyev used a Monday stop in Khorezm to unveil a $264 million public-private partnership with Incheon International Airport Corporation that is set to lift Urgench airport's capacity from 300 to 1,300 passengers an hour.

  13. The queue ended, and the money ran out
    EconomyBrief17 Aug

    The queue ended, and the money ran out

    Mongolia’s fuel rationing lapsed on schedule, and on the first working day without it the industry ministry’s briefing produced a different shortage: importers lack the cash to order the next consignments, and a price rise of about 200 togrog is, in the ministry’s words, unavoidable. The AI-92 cap stays.

  14. The summit Mongolia paid to host opens at prime minister level
    EconomyBrief17 Aug

    The summit Mongolia paid to host opens at prime minister level

    UNCCD COP17 opened in Ulaanbaatar on Monday morning with the prime minister under the flag and the foreign minister as president designate, and with the gap this desk flagged last week intact: no visiting head of state had been reported at the venue by midday.

  15. Dushanbe borrows 200 million dollars to keep paying salaries
    EconomyBrief14 Aug

    Dushanbe borrows 200 million dollars to keep paying salaries

    The Eurasian Fund for Stabilization and Development signed a budget support loan with Tajikistan on Thursday at one per cent over twenty years. The state news agency says the money matters because a eurobond has to be repaid.

  16. Half of Ulaanbaatar’s cars come off the road the day the fuel cap lapses
    EconomyBrief14 Aug

    Half of Ulaanbaatar’s cars come off the road the day the fuel cap lapses

    From 15 August to 12 September, city wide and with no zoning, cars may enter Ulaanbaatar traffic only on alternating days by plate parity, between 07:00 and 21:00. The window covers the desertification conference, the start of the school year, and the morning the petrol rationing expires. Nobody has published how many days of fuel the country holds.

  17. EcoIslamicBank's EU ban takes effect today, unmentioned in Bishkek
    EconomyBrief13 Aug

    EcoIslamicBank's EU ban takes effect today, unmentioned in Bishkek

    The European Union's transaction ban on EcoIslamicBank enters force today. It was listed on 23 July in the twenty-first sanctions package, for using Russia's financial messaging system to help Moscow work around sanctions, with a wind-down of roughly three weeks.

  18. Mongolia raises rates half a point, and the pumps come off rations on Saturday
    EconomyBrief12 Aug

    Mongolia raises rates half a point, and the pumps come off rations on Saturday

    The Bank of Mongolia’s monetary policy committee met out of turn on Wednesday and lifted the policy rate to 12.5%, with the reserve requirement for banks going up by the same half point. Hours later the fuel emergency headquarters said the purchase cap and the odd-even plate rule at the pumps end on 15 August. By the end of the working day the bank’s own site still showed the old rate.

  19. Inflation reaches 13% in the country that counts petrol by the litre
    EconomyBrief12 Aug

    Inflation reaches 13% in the country that counts petrol by the litre

    Mongolia's July consumer prices rose 13.0% year on year, and the central bank called its monetary policy committee into an extraordinary session for Wednesday afternoon. The fuel ledger, meanwhile, is declared full for August, on Ulaanbaatar's arithmetic alone.

  20. Kazakhstan sets its state chatbot a target of 150 services
    EconomyBrief11 Aug

    Kazakhstan sets its state chatbot a target of 150 services

    The Tuesday cabinet in Astana spent its session on digital government and came out with dates. eGov GPT goes from 50 services to 150 by the end of the year, every public service centre becomes an artificial intelligence office by December, and the action plan for the whole programme is due within a week.