Reforms - The Times Of Central Asia

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Ministry of Defense

Kazakhstan Names Former Finance Official Deputy Defense Minister Amid Military Shake-Up

President Kassym-Jomart Tokayev appointed Tatyana Savelyeva deputy defense minister on October 7. The former vice minister of finance and member of parliament joins a ministry undergoing a major investigation following the deaths of 14 service members during exercises in the Caspian Sea. The investigation has led to criminal cases and arrests, while senior military commanders have been dismissed. Savelyeva replaced Asker Beisenov, who was dismissed from his position on the same day. To take up the appointment, she resigned early from the Kurultai, Kazakhstan's new unicameral parliament. Savelyeva joined it in late August 2026. The 50-year-old Savelyeva has spent most of her career working in public finance. From 2016 to 2023, she served as vice minister of finance, then became a member of the Mazhilis, the lower house of the former parliament, and secretary of the Committee on Finance and Budget. She became the committee’s chair in February 2024. In August 2026, she was elected to the Kurultai representing the Adilet party. The Defense Ministry has not yet announced which areas Savelyeva will oversee. Her predecessor, Beisenov, previously headed the ministry's Department of Economics and Finance. Political analyst Daniyar Ashimbayev links Savelyeva's appointment to the investigation into the Defense Ministry following the deaths of the service members in the Caspian Sea. He recalled corruption investigations within the ministry, including irregularities in military procurement and supplies. In Ashimbayev's assessment, Savelyeva's experience in the Finance Ministry and parliament could prove useful in bringing order to the military budget. On September 24, during the Khazar Qorgany 2026 naval exercises in the Mangystau region, on Kazakhstan's Caspian coast, 17 service members were swept out to sea. Three were rescued, and 14 died. The tragedy sparked public outrage and questions about how the exercises were organized, personnel training, and the actions of the military command. On September 27, Tokayev dismissed Defense Minister Dauren Kosanov. Aidos Myrzakhmetov became the new head of the ministry. The chief of the General Staff, the commander-in-chief of the Naval Forces, and other senior military officers subsequently lost their positions. On October 5, the president was presented with the initial findings of the Defense Ministry investigation. A commission headed by Deputy Chair of the Security Council Aida Balayeva identified violations in the organization of exercises, service member safety, discipline, and logistical support. Thirteen criminal cases have been opened over the suspected theft of state property, abuse of office, and other violations. The deaths of the service members are being investigated separately. At the October 5 briefing, officials said five military officials had been arrested in connection with the deaths. On October 6, the Interior Ministry announced the detention of former navy commander Kanat Niyazbekov on suspicion of negligence, with a court authorizing his arrest. Investigators also uncovered cases of hazing and violence against service members. Tokayev instructed officials to prepare a military reform plan, including changes to management, personnel training, discipline, and safety measures. On September 27, he gave the Security Council Office and Defense Ministry ten days to submit the...

Military Deaths

Kazakhstan Defense Ministry Inspection Leads to 13 Criminal Cases in Wake of Soldiers’ Deaths

A comprehensive inspection of Kazakhstan’s Defense Ministry has resulted in 13 criminal cases involving suspected theft of state property, abuse of office, and other violations. The inspection follows the deaths of 14 servicemen during military exercises in the Caspian Sea on September 24. On October 5, President Kassym-Jomart Tokayev heard the inspection's initial findings. The commission found serious shortcomings in the preparation and planning of the exercises, risk assessment, organization of the landing operation, and measures to ensure the servicemen’s safety. Criminal cases also concern hazing and violence against servicemen. The tragedy was followed by a reshuffle at the top of the defense establishment. On September 27, Aidos Myrzakhmetov became defense minister, replacing Dauren Kosanov, who was dismissed the same day. Myrzakhmetov had spent much of his career in the State Guard Service, the agency responsible for protecting the president and other designated officials. On October 3, Tokayev dismissed First Deputy Defense Minister and Chief of the General Staff Kanysh Abubakirov, Deputy Defense Minister Almaz Dzhumakeyev, and Navy Commander-in-Chief Kanat Niyazbekov. On October 5, another former senior State Guard Service officer, Aitkurman Omarbekov, was appointed First Deputy Defense Minister and Chief of the General Staff. Former navy commander Kanat Niyazbekov was detained on October 6 on suspicion of negligence in connection with the deaths, with a court authorizing his arrest, according to the Interior Ministry. But the president did not stop at personnel changes. Following the deaths of the marines, he ordered the preparation of a Military Reform Plan and delivered one of his harshest public assessments of the armed forces in years. “Our army is stuck in the last century… the command system must be completely rebuilt in line with advanced international practice,” Tokayev said on September 27. He described the deaths of servicemen in peacetime as the result of what he called “essentially criminal unprofessionalism by officers, including generals.” Public Anger After the Caspian Tragedy Political analyst Daniyar Ashimbayev wrote that the deaths of the servicemen in the Mangystau region triggered “a very strong and emotional reaction in the country,” amplified by what he called the “traditionally clumsy actions” of the military bureaucracy. “Rumors, gossip, fakes, and openly provocative content quickly began to emerge. Nor should we forget that the emergency occurred in the most difficult region,” he wrote, referring to the history of protests in oil-producing Mangystau. The public reaction was particularly intense because of the circumstances surrounding the soldiers’ deaths. The Khazar Qorgany 2026 exercises were taking place in Kazakhstan’s sector of the Caspian Sea. During a training mission, 17 servicemen were swept out to sea; three were rescued. For some of those who died, these were the final days of their compulsory military service. Deputy Navy Commander Arman Satkanov said some had as little as eight days left before returning home, with their tickets already purchased. Five members of the military command were detained on September 25 on suspicion of negligence and violations of navigation rules. They included the Navy chief of staff and first...

IPO

Uzbekistan Conducts First Dual IPO in London and Tashkent

Uzbekistan has completed its first international equity offering, as the state-backed National Investment Fund of Uzbekistan (UzNIF) began trading through a dual listing on the London Stock Exchange and the Tashkent Stock Exchange. UzNIF raised $603.6 million by selling a 31% stake to international and domestic investors. The proceeds could rise to about $692 million if an overallotment option is exercised in full, bringing the total stake sold to 35%. At the offer price, the fund was valued at about $1.95 billion. The offering was managed by Franklin Templeton, while cornerstone investors included funds and accounts managed by BlackRock, Franklin Resources, and Redwheel. The shares were sold by Uzbekistan’s Ministry of Economy and Finance, so the proceeds will go to the state rather than directly to the fund. The listing attracted more than $2.8 billion in investor demand. Julia Hoggett, chief executive of the London Stock Exchange, described UzNIF as the first international IPO from Uzbekistan and the largest IPO on the exchange’s markets so far this year. Saida Mirziyoyeva, head of Uzbekistan’s presidential administration, framed the transaction as part of the country’s effort to deepen capital-market reforms and draw long-term foreign investment. Speaking at the London Stock Exchange, she said the IPO was not only about raising capital, but also about building trust in a new generation of Uzbek institutions. “Uzbekistan has become a more open and reliable partner for the global capital market,” Mirziyoyeva wrote on Telegram. Uzbek officials say the country’s economy has nearly tripled in size in recent years, while investor protections and corporate governance standards have been strengthened. The listing comes as Uzbekistan intensifies efforts to position itself as a new investment destination in Central Asia. During a visit to London, Mirziyoyeva held talks with British officials, financial executives, and investors as Tashkent seeks to expand private-sector participation and develop plans linked to a proposed Tashkent International Financial Centre. Official figures show that British businesses have already invested more than $1 billion in Uzbekistan’s economy. Trading in London opened at $25 per global depositary receipt, with shares rising roughly 12% to $28 within the first hours of trading. On the domestic market, a separate tranche was made available through the Tashkent Stock Exchange, giving Uzbek investors access to a vehicle that had primarily been aimed at international institutions. UzNIF holds stakes in 13 state-linked companies in sectors including transport, energy, banking, telecommunications, utilities, and aviation. Its major holdings include Uzbekistan Airways, Uzbektelecom, Uzbekhydroenergo, and other infrastructure and energy operators. The fund was established in 2024 as part of Uzbekistan’s broader privatization and capital-market reform program. By grouping stakes in strategic state-owned enterprises into a single listed vehicle, the government is offering investors exposure to several parts of the Uzbek economy while retaining state control over the underlying assets. For Uzbekistan, the successful dual listing is a significant market-opening moment. It gives the government a benchmark for future privatizations, broadens access to Uzbek equities, and tests whether investor interest in the country’s reform story can be...

Armed Forces

Tokayev Sets Two-Year Deadline for Military Reform in Kazakhstan

Speaking at a traditional ceremony ahead of Defender of the Fatherland Day, celebrated in Kazakhstan on May 7, President Kassym-Jomart Tokayev said the country must reform its armed forces within the next two years. “Our country must be prepared to prevent various challenges and respond to any threats. Therefore, we need to strengthen our defense potential and continue, above all, the technological modernization of the Armed Forces. This is a requirement of today’s unstable and turbulent times. In this regard, it is first necessary to carry out deep reforms in our Armed Forces and militarized structures. This is a strategically important task that must be resolved in a short period within two years,” Tokayev said during a ceremony awarding state honors and military ranks ahead of Defender of the Fatherland Day and Victory Day, celebrated on May 9. Russian analysts responded to the statement before many Kazakh commentators, largely arguing that Kazakhstan faces no major external threats and therefore has little need for sweeping military reform. One of them, Stanislav Pritchin, head of the Central Asia sector at the Primakov Institute of World Economy and International Relations in Moscow, said Kazakhstan had no serious territorial disputes or significant tensions with neighboring countries. “There are some political disagreements, but overall, the country exists in a fairly calm environment. There are simply no conflict points that would require Kazakhstan to fundamentally revise its military doctrine or significantly strengthen its army,” he told the publication, Expert. Pritchin also suggested that Russian concern stemmed from uncertainty over how Tokayev’s accelerated military reform agenda fits with Kazakhstan’s commitments to Moscow-led organizations such as the Collective Security Treaty Organization (CSTO) and the Eurasian Economic Union (EAEU). In Kazakhstan, however, the reform agenda fits a familiar pattern: by the time Tokayev publicly announces a deadline, work in that direction is often already well underway. In December 2025, Prime Minister Olzhas Bektenov outlined major military reforms while responding to parliamentary questions about discipline in the armed forces. Following presidential instructions, the government submitted three draft laws to parliament intended to form the foundation of the reform process. The legislation addresses crime prevention and revises administrative regulations within the military system. One of the main goals is to clearly divide responsibilities among commanders, military police, and other authorized bodies while introducing technology-based disciplinary oversight mechanisms. At the same time, the Health Ministry has developed a 2026-2028 roadmap for suicide prevention in Kazakhstan, with separate provisions focused on military personnel. As part of the broader reform effort, the authorities have also approved the interagency “Digital Prevention” program for 2025-2028. The initiative includes integrating video surveillance systems, artificial intelligence, and a unified database to monitor discipline and public order within the military. In parallel, the “Law and Order in the Army” program aims to strengthen military discipline and prevent offenses among service members. Tokayev also addressed military reform in an interview with the newspaper Turkistan earlier this year. The interviewer noted that repeated deaths among soldiers during military service were damaging...

Cotton Industry

Uzbekistan’s Cotton Sector: Focus Shifts to Farmers as Dialogue Continues

The Times of Central Asia previously published an interview with Komoliddin Ikromov, head of the Agribusiness Association, addressing recent land disputes, legal processes, and ongoing reforms in Uzbekistan’s agricultural sector. In a separate conversation, Umida Niyazova, founder of the Uzbek Forum for Human Rights, has offered an additional perspective, focusing on the conditions faced by cotton and wheat farmers. Her remarks come in the context of a recent joint report by the Uzbek Forum and Human Rights Watch examining structural issues in the agricultural system. While the report has drawn international attention, Niyazova emphasized that its primary focus differs from earlier discussions centered on cotton pickers. Focus on farmers rather than pickers Niyazova said public debate in recent years has largely focused on forced labor among cotton pickers, particularly prior to reforms introduced after 2019. However, she noted that the new report shifts attention to another group. “Our recent report on the cotton sector in Uzbekistan does not focus on cotton pickers, but rather on cotton and wheat producers, farmers,” she told The Times of Central Asia. “This is a different segment of workers whose problems have, for decades, remained overshadowed by the issue of forced labor of cotton pickers... The central finding of our report is that the working conditions of farmers producing cotton and wheat in Uzbekistan place them at risk of forced labor.” Basis for assessing risk Niyazova explained that this conclusion is based on eleven indicators developed by the International Labour Organization, “which define warning signs that individuals may be at risk.” However, the report does not conclude that specific cases constitute forced labor. “We did not have sufficient information to determine that any particular farmer is working under forced labor conditions,” she told TCA. “However, we were able to conclude that cotton and wheat farmers in general are at risk due to the conditions in which they work.” These indicators include factors such as vulnerability, intimidation, threats, withholding of wages, and abusive working conditions. At the same time, she acknowledged that Uzbekistan has made progress in addressing earlier concerns related to cotton picking. Changes in cotton picking practices Niyazova said the situation for cotton pickers has changed significantly in recent years. “These are seasonal workers, primarily rural residents, who are recruited by farmers or mahallas (neighborhoods) to harvest cotton over a two-month period,” she said. “Since the 2020 harvest, payment rates for manual cotton picking have increased. This has been an important, though not the only, factor in attracting voluntary laborers.” According to the Ministry of Agriculture, a recommended price of 2,000 UZS ($0.16) per kilogram of hand-picked cotton was set for 2025. During the harvest, prices may also be determined through agreements between cluster operators, farms, and pickers. Niyazova said additional reforms have contributed to changes in the sector, including the introduction of private clusters, increased mechanization, and government oversight. “Mechanization has increased year by year, reducing the need for manual labor,” she said, adding that by 2025, more than 50% of the harvest...

Reforms

Uzbekistan Has “Only Just Begun” Reforms, Says Saida Mirziyoyeva

Saida Mirziyoyeva has said that the country’s reform agenda remains at an early stage, arguing that the scale of change should be measured in years rather than months. In her first major interview since becoming Head of the Presidential Administration, Mirziyoyeva said Uzbekistan had “only just begun” large-scale reforms. Expectations of rapid results, she warned, often overlook structural limits, including weak infrastructure, uneven regional development, and tight public finances. Mirziyoyeva spoke about decision-making inside the presidential system and outlined what she described as the administration’s main policy priorities, including water management, education, healthcare, the business climate, and reform of the judicial and legal system. “Our goal is to improve people’s lives,” she stated, emphasizing that improvements in courts and law enforcement were essential for other reforms to succeed. Without legal guarantees, she argued, investment and social policy changes would fail to deliver lasting results. She said the reforms now underway are intended to address long-standing systemic problems rather than produce quick political gains, and rejected the idea that reform momentum has slowed, arguing that many of the most complex changes require time and careful implementation to succeed. Water management featured prominently in her remarks. Mirziyoyeva described it as one of Uzbekistan’s most urgent challenges, pointing to climate pressures, ageing infrastructure, and rising demand. Education and healthcare were also presented as priorities, with reforms focused on improving quality and access rather than simply expanding state programs. The judicial system, however, emerged as the central theme. Mirziyoyeva said that without independent and predictable courts, reforms in other areas would not deliver lasting results. Legal uncertainty, she said, discourages investment and undermines public trust, making the rule of law essential for both economic reform and the protection of citizens’ rights. Mirziyoyeva also addressed the business environment, arguing that excessive regulation and administrative pressure continue to constrain private enterprise. The state, she said, should act as a partner to entrepreneurs rather than an obstacle, and reforms should create conditions in which businesses can operate transparently and competitively. Mirziyoyeva described her role as focused on coordination and execution rather than public visibility. The task of the Presidential Administration, she said, is to ensure that decisions taken at the top translate into practical change on the ground. Public service, she added, should be judged by outcomes, not rhetoric. The interview comes more than nine years after President Shavkat Mirziyoyev took office in December 2016 and launched a reform agenda that marked a break with the isolationist policies of his predecessor. Early measures included the liberalisation of the foreign exchange market in September 2017, easing trade restrictions, and reducing state control over prices. International financial institutions have described Uzbekistan’s economic transition as ambitious, while noting that progress has been uneven. Political reform has proceeded more cautiously. In its 2024 Nations in Transit assessment, Freedom House classified Uzbekistan as a consolidated authoritarian system, citing restrictions on opposition activity and independent media. Against that backdrop, Mirziyoyeva said reforms should be judged by tangible outcomes rather than timelines. Reliable access...