157 bodies recovered after deadly Nepal landslide
At least 157 people have been killed and hundreds are missing after a massive landslide triggered catastrophic flooding near Nepal’...
Kyrgyzstan has joined the TRACECA multilateral permit system, a move analysts say will deepen regional integration, cut transport costs and ease cross-border trade, opening new routes to Europe and the Black Sea.
By joining the multilateral permit system of the Transport Corridor Europe–Caucasus–Asia (TRACECA), Kyrgyzstan allows its carriers to operate across several participating countries using a single permit.
Speaking to AnewZ, Nurbolat Nyshanbayev, an academic at Turan University, described the move as a strategic breakthrough for a landlocked country.
“This initiative creates a bridge and removes barriers, reducing both the cost and time of delivering goods,” Nyshanbayev said, adding that the benefits extend beyond Kyrgyzstan.
He said the system would significantly change day-to-day operations for Kyrgyz transport companies, which have long faced delays at border crossings.
“Truck drivers waited for months because of additional checks and paperwork. This permit removes bureaucratic processes and reduces costs,” he added.
Nyshanbayev also pointed to a broader shift in regional trade patterns. Since 2022, Central Asian countries have been reassessing traditional transport routes that largely ran north through Russia.
“We are seeing a transformative period in which countries, including Kyrgyzstan, are diversifying trade routes for the long term,” he said.
According to Nyshanbayev, time-sensitive sectors such as medical and pharmaceutical goods are expected to benefit most from easier access to TRACECA routes. He added that the corridor could also strengthen links between Central Asia, the Black Sea region and the European Union.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time being”, Axios reports. Meanwhile, Iran and Oman have resumed talks on a temporary shipping route through the Strait of Hormuz.
At least 157 people have been killed and hundreds are missing after a massive landslide triggered catastrophic flooding near Nepal’s Himalayan border with China’s Tibet region.
Russia and Ukraine have exchanged 10 prisoners of war each in Belarus, Moscow's Human Rights Commissioner, Yana Lantratova, has said.
The inaugural Silk Road Finance & Technology Forum brought together policymakers, investors and technology companies as Central Asia looks to build a more connected financial system and compete for a bigger share of global fintech investment.
The Silk Road Finance & Technology Forum will bring more than 6,000 policymakers, investors and technology leaders from 74 countries to Tashkent, as Central Asia seeks a bigger role in the global fintech landscape.
Kazakhstan is considering the Baku-Supsa pipeline as an alternative oil export route after Caspian Pipeline Consortium disruptions cost the country an estimated 3.5 million tonnes of oil, Energy Minister Yerlan Akkenzhenov said.
Kuwait’s Al-Sayer Group plans to export fresh and dried Afghan fruit to Kuwait and other markets while exploring broader trade and investment opportunities in Afghanistan, according to Afghan government statements following talks in Kabul on Tuesday.
Central Asia’s fintech ambitions are in the spotlight as a major forum in Tashkent draws to a close, shifting attention from the region’s potential to the investment, infrastructure and global reach needed to turn that vision into growth.
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