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Kyrgyzstan may terminate a subsoil use license if a company extracts less than 25% of the annual volume set in the license for three consecutive years. The norm was discussed on October 15, 2026, at a session of the Jogorku Kenesh, the parliament.
According to a report published by the State Statistics Committee of Azerbaijan, the Baku-Tbilisi-Ceyhan (BTC) oil pipeline transported 18.857 million tonnes of oil in January–September 2026. Based on Trend's calculations using the committee's data, this is 1.712 million tonnes, or 8.3 percent, lower than in the same period of 2025, when 20.569 million tonnes were transported.
Kazakhstan has launched an official online calculator that lets residents find out which social wellbeing category their family belongs to and whether it is entitled to state benefits and payments, according to a Tengrinews.kz correspondent. For now, users can calculate their category and verify reliable information through the eGov mobile app.
Bashkortostan, a Russian republic, has concluded a 9.2 million ruble agreement for 65 employers to hold internships. According to the republic’s Ministry of Family, Labour and Social Protection, the programme is part of the national project “Kadry” (Personnel) and is carried out through personnel centres.
Kyrgyzstan's Finance Ministry has set the state investment budget for 2027 at 47.3 billion soms, 6% more than in the current year. External financing is expected to total 45.1 billion soms, including 33.5 billion soms in loans and 11.5 billion soms in grants. The budget is projected to rise to 75.8 billion soms in 2028.
Commercial banks and virtual asset service providers in Kyrgyzstan must introduce enhanced monitoring of cross-border transactions from the fourth quarter of 2026 through 2028. Prime Minister Adylbek Kasymaliev issued the instruction in Cabinet of Ministers Resolution No. 653 of September 29.
Fevzi Uzel, Istanbul representative of the Business People’s Association (İŞAD), outlined the Northern Cyprus Technology Base project on KIBRIS TV’s “Güne Yansıyanlar” programme. He said the base will consist of nine separate facilities combining a data centre, software, cyber security, entrepreneurship and technology, and that the project aims to reverse brain drain.
Uzbekistan intends to expand deep processing of natural gas to produce high value-added products, rather than limiting its use to fuel for electricity generation. President Shavkat Mirziyoyev announced this on October 16 at an open dialogue with investors in the fuel and energy sector, stressing the economic value created by processing.
Kazakhstan is seeking closer cooperation with Belgium to develop the Middle Corridor, including a potential partnership between the Port of Antwerp-Bruges and the Caspian ports of Aktau and Kuryk, Euronews reports. Speaking at the Belgium-Kazakhstan Business Council, President Kassym-Jomart Tokayev said the partnership "could open wider markets for our metals, petrochemicals and agricultural products." The business forum resulted in 17 agreements covering logistics, agriculture, artificial intelligence, energy, healthcare and manufacturing.
President Shavkat Mirziyoyev of Uzbekistan has urged China Energy International to make new investments in the water supply system of the Navoi region. The issue was discussed on October 16 at a meeting with the heads of Chinese companies CAMCE, China Energy and Sinoma Energy, and the chairman of the board of directors of Oman's Voltamp Energy, Sayyid Ayman Al Busaidi. The presidential press service reported the meeting.
Uzbekistan will for the first time develop a National Energy Development Master Plan through 2050 and publish it openly. President Shavkat Mirziyoyev announced this on October 16 at an open dialogue with investors in the fuel and energy sector.
Azerbaijan has held a series of meetings with representatives of the International Monetary Fund (IMF), the Asian Development Bank (ADB) and other international financial institutions to discuss fiscal reforms, economic diversification and future investment cooperation. According to the Ministry of Finance, First Deputy Finance Minister Anar Karimov held the discussions on the sidelines of the Annual Meetings of the IMF and World Bank Group in Bangkok, Thailand.
Kazakhstan's CPC Blend crude, which has historically sold below the Brent benchmark, now trades well above it. According to Oilprice, cited by Tengrinews.kz, CPC Blend was priced at $128 per barrel against $109.86 for Brent, a premium of about 16.5 percent. The reversal came in September 2026, and on some days in late September and October the gap exceeded $15–20 per barrel.
An institute for the study of rare and critically important minerals is being set up in Ust-Kamenogorsk. Based on existing scientific laboratories, local specialists will work on improving technologies for extracting in-demand rare and rare-earth metals, particularly lithium, which is needed to produce batteries. The strategically important project is being carried out jointly with scientists from Belgium.
Azerbaijan expects to keep the manat at 1.70 to the US dollar through 2030. The Ministry of Economy has incorporated this rate into its macroeconomic projections for 2027–2030. According to the government, the stable manat has supported domestic demand, limited currency risks in financial and consumption decisions, and strengthened the national currency's position in household savings.
Uzbekistan is preparing to launch a data center under construction on the territory of IT Park Uzbekistan. Minister of Digital Technologies Sherzod Shermatov discussed the project's progress and the timeline for commissioning the facility with DataVolt CEO Rajit Nanda.
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Azerbaijan holds the leading position in the South Caucasus by volume of strategic foreign currency reserves. According to the State Statistics Committee, the country's strategic reserves stood at $89.38 billion as of 30 September 2026. This amount is about 19.8 times the country's external public debt of $4.51 billion. The reserves are about 10.9 times Georgia's international reserves of $8.17 billion, announced in September, and 13.4 times Armenia's foreign currency reserves of $6.66 billion.
Over the past 10 years, Uzbekistan's trade turnover with Central Asian countries rose from $2.5 billion to nearly $8.5 billion. The region's mutual trade turnover reached nearly $11 billion. Javlon Vahobov says these figures show opportunities to deepen economic cooperation, including by strengthening ties among the seven regions of the Fergana Valley.
Kazakhstan's manufacturing output grew by more than 8.5% in the first nine months of this year, with the strongest gains in light and chemical industries, the Ministry of Industry and Construction reported. The growth was supported by the launch of new production facilities. An industrial park for local entrepreneurs has opened in Turkestan region.
Cambodia's Prime Minister Hun Manet arrived in Kazakhstan on an official visit and was welcomed in Astana, according to Khabar 24. President Kassym-Jomart Tokayev received the visiting leader at the Akorda residence.
A strike at Kıbrıs Türk Petrolleri (K-PET) in northern Cyprus has ended after the employer and the union reached an agreement. The walkout had begun over a decision to dismiss nine employees.
Li Qiang, Premier of the State Council of the People's Republic of China, on an official visit to Uzbekistan, visited Yangi Uzbekistan park on October 17, accompanied by Uzbek Prime Minister Abdulla Aripov. The senior guest laid a wreath at the foot of the Independence Monument.
Omani company Voltamp Energy intends to develop high-voltage transformer production and build solar power plants in Uzbekistan. The company sees the country as a base for further expansion into other CIS markets.
Economy and Energy Minister Hasan Taçoy carried out inspections and meetings at the Gazimağusa Industrial Zone, visiting craftsmen and industrialists operating there. According to information released by the Ministry of Economy and Energy, Taçoy listened to the problems being faced and exchanged views on possible ways out of them.
Today's top Turkic news: Uzbekistan-China ties, Samarkand visit, Kulubaev-Rubio talks, Northern Cyprus festival and Turkmen desertification centre.
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