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Azerbaijan is moving into a new stage of energy development, combining its established role as an oil and natural gas supplier with an ambitious renewable energy programme. The country plans to complete 11 power plants with about 2 gigawatts (GW) of combined capacity by the end of 2027, supported by an estimated $2.6 billion in investment.
President Shavkat Mirziyoyev is holding open talks with investors in Uzbekistan's fuel and energy sector.
Turkish President Recep Tayyip Erdoğan said authorities have brought a problem in part of the fund market under control through decisive steps taken since 17 September. Speaking at the TİM 13th Innovation Week Program at the Haliç Congress Center, he said a Fund Coordination Board with full authority had been set up quickly.
President Shavkat Mirziyoyev is holding open talks with investors in the fuel and energy sector, the presidential press service reported. He stressed that new power plants must be matched by grids that deliver electricity to consumers, with generation, transmission and energy storage working together.
Tatarstan's head Rustam Minnikhanov spoke at the plenary session of the II Russia-India business forum "TAYM" in Kazan and said significant progress has been made in cooperation between Tatarstan and India. He noted that mutual trade is growing at an accelerated pace this year, but that supplies of raw materials and primary-sector products still make up the larger share.
Armenia and Türkiye have discussed opportunities for direct trade. According to Armenpress, Armenian Economy Minister Gevorg Papoyan made the announcement in a post on his Facebook page.
Kazakhstan's state uranium producer Kazatomprom approved a large uranium concentrate supply contract with China's State Nuclear Uranium Resource Development Company (SNURDC) at an extraordinary general shareholders' meeting on 7 October, with 88.63% voting in favour. At the same meeting, a similar deal with Uranium One Group, part of Rosatom, was rejected: 5.39% voted for, 6.27% against and 88.34% abstained.
Acting Finance Minister of Yakutia Ivan Alekseyev said the republic's draft budget for 2027 and the planning period is still under discussion and is not final. Funds will be mandatorily redistributed and included in the republic's budget by the second reading, once updated data on federal transfers is received.
According to the National Bank of the Kyrgyz Republic, new rules for buying and selling cash foreign currency took effect in Kyrgyzstan on 16 October 2026. Exchange offices must now identify every client regardless of transaction size and check them against sanctions lists. The regulator adopted the changes on 1 October 2026.
Uzbekistan aims to expand cooperation with foreign companies in oil and gas exploration, improving field efficiency and deep processing of raw materials. President Shavkat Mirziyoyev announced this on October 16 during an open dialogue with fuel and energy sector investors.
Uzbekistan plans to change how electricity projects are selected. Instead of relying mainly on investor initiatives, the state will set its own estimates of needed new capacity in advance and offer prepared sites through open tenders. President Shavkat Mirziyoyev announced the move on 16 October at a meeting with investors in the fuel and energy sector.
Uzbekistan has signed agreements on six major energy projects worth a combined $4.7 billion. The projects are expected to add 3,000 megawatts of power generation capacity and 400 MW of energy storage capacity. President Shavkat Mirziyoyev announced this on October 16 during a meeting with investors in the fuel and energy sector in Tashkent.
Uzbekistan plans to build a third nuclear power plant, President Shavkat Mirziyoyev said during an open dialogue with energy-sector investors. He said talks with investors on a second plant with new partners will begin, citing growing uranium production and experience gained in the sector.
Uzbekistan will set up an Investors Council in the fuel and energy sector, President Shavkat Mirziyoyev announced during an open dialogue with sector investors. The council will be headed by Saida Mirziyoyeva, head of the Presidential Administration.
The subsistence minimum in Kyrgyzstan stood at 9,890.28 soms in the third quarter of 2026, according to the National Statistical Committee. The figure was 9,007.21 soms at the end of the fourth quarter of 2025. Since the start of the year, the subsistence minimum has risen by 883.07 soms, or 9.8%.
The Asian Development Bank (ADB) has allocated more than $652 million for modernising railway and metro infrastructure in Azerbaijan. The projects involve Azerbaijan Railways (ADY) and the Baku Metro, both companies of AZCON Holding, and aim to strengthen regional links and urban mobility.
Kazakhstan's Prime Minister Olzhas Bektenov held a meeting on digitalising labour and social protection, according to Egemen Qazaqstan, which cited the government's press service. Discussed were digital tools meant to ensure state social aid reaches citizens who truly need it, and to help enterprises observe workers' labour rights and prevent labour risks.
President Shavkat Mirziyoyev is holding an open dialogue with investors in the fuel and energy sector, the presidential press service reported. The head of state called energy the heart of development and stressed that a stable energy supply is important for entrepreneurs' investment and for people's confidence in tomorrow.
First Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic Daniyar Amangeldiev met on October 16, 2024, in Bishkek with a delegation from the Turkiye-Kyrgyzstan Business Council, part of the Foreign Economic Relations Board of Turkiye (DEİK), led by Emre Yıldız. The parties discussed current trade and economic cooperation issues and prospects for implementing joint investment projects.
Uzbekistan maintained trade relations with more than 200 countries in January–August 2026, according to the National Statistics Committee. China, Russia and Kazakhstan were the country's largest trading partners.
On October 16, 2026, in Bishkek, Meerimbek Koichumanov, Deputy Head of the National Investment Agency, met with a delegation from the China-Hong Kong Economic and Trade Association (CHKETIA), led by Vice President William Chan.
Kazakhstan has become the first Central Asian country to join the World Bank Group's Metals and Minerals Compact initiative. The formal procedure took place on October 16 in Thailand, on the sidelines of the World Bank and International Monetary Fund meetings. Kazakhstan was represented by Yerlan Galiyev, chairman of the board of the National Geological Service JSC, which falls under the Ministry of Industry and Construction, according to primeminister.kz.
The Trans-Caspian Transport Corridor, also known as the Middle Corridor, could increase the combined GDP of countries along the route by 3.3% and generate around two million jobs by 2040, according to a World Bank report presented in Astana on Oct. 15. The gains depend on governments investing in infrastructure and improving cross-border coordination.
Taliya Minullina, head of the organizing committee of the second Russian-Indian TIME forum and head of Tatarstan's Investment Development Agency, called India the “pharmacy of the world.” She said India ranks first globally in generic drug production, supplies 20% of world generics and about 50% of all vaccines. Minullina named pharmaceuticals as one of the promising areas of cooperation between Tatarstan and India.
Today's top Turkic news: Uzbekistan-China ties, Samarkand visit, Kulubaev-Rubio talks, Northern Cyprus festival and Turkmen desertification centre.
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