Sadyr Japarov - The Times Of Central Asia

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Government Securities

Kyrgyzstan’s President Urges Citizens to Invest in Government Securities

President Sadyr Japarov has called on citizens of Kyrgyzstan to invest in government securities, describing them as one of the country’s most reliable investment instruments because they are backed by the state. In a statement on his Facebook page, Japarov announced what he described as “an important initiative that will allow every citizen to improve their financial situation while contributing to the development of Kyrgyzstan.” The Cabinet of Ministers has made government securities available to the public with an annual interest rate of 17%, according to Japarov. The securities can be purchased through a mobile app, he said. Invested funds will be repaid in full after two years, with interest payments made every three months. Japarov said returns on government securities would exceed those offered by most bank deposits. Deposit rates at commercial banks in Kyrgyzstan generally range from around 10% to 14% per year for deposits in the national currency, depending on the bank and product. Some microfinance organizations offer higher rates. Two types of government securities are available through the Kyrgyz Stock Exchange: state treasury bills and state treasury bonds. The National Bank of the Kyrgyz Republic also publishes auction results for government securities, with recent state treasury bond yields ranging from 12.86% to 16%, depending on maturity. Government securities are issued to finance national projects, cover budget deficits, and refinance maturing government debt.

Bloggers

Kyrgyzstan Proposes Blogger Tax Breaks as Kazakhstan Tightens Scrutiny

Kyrgyzstan and Kazakhstan are taking sharply different approaches to the growing influence of bloggers. In Bishkek, President Sadyr Japarov has signed a decree calling for tax incentives for the IT sector, startups and creative industries, including bloggers, a move that has sparked criticism even from content creators themselves. In Astana, meanwhile, authorities are intensifying scrutiny of influencers’ income and using criminal law in high-profile cases involving online figures. Kazakh tax authorities have continued scrutinizing the earnings of popular bloggers, alongside high-profile enforcement cases. In addition, journalists and other online voices in Kazakhstan have faced prosecution under Article 274 of the Criminal Code, which concerns the dissemination of knowingly false information and carries the possibility of a prison sentence. Japarov’s Tax Initiative Sparks Debate Kyrgyz President Sadyr Japarov’s initiative to introduce tax breaks for the IT sector, startups, and representatives of the creative industries has sparked broad public debate. The decree, signed on June 12 and titled “On Measures to Improve the Tax System and Tax Administration,” calls for broad changes to tax legislation, including five-year tax holidays for several categories of business. Under the decree, companies and entrepreneurs working in software development, information systems, and artificial intelligence may be exempt from number of taxes for five years. The proposed benefits would also extend to startups, outsourcing companies, producers of film, video and television content, bloggers, remote employees of foreign companies, and other creative-industry workers. Under the same preferential regime, authorities also plan to set income tax at 5% and social security contributions at 12% of the average monthly wage for these categories. Kyrgyzstan’s State Tax Service says the new measure will help position the country as a regional center for IT and creative industries, including artificial intelligence. The agency expects the tax incentives to attract investment, stimulate the creation of new startups and increase exports of digital services. Supporters of the initiative argue that reducing the tax burden could provide an important boost for young entrepreneurs and technology companies, allowing them to direct more resources toward product development, the introduction of new technologies, and improved competitiveness. Authorities also hope the measure will help retain young specialists in the country and make Kyrgyzstan more attractive to international companies. At the same time, the proposal has drawn criticism, particularly over the inclusion of bloggers among those eligible for tax benefits. Social media users have questioned why the state is granting tax breaks to content creators while doctors, teachers, and other socially important professions continue to pay taxes in full. Kyrgyz blogger and entrepreneur Ilim Karypbekov has publicly opposed exempting bloggers from taxes. He said content creators earning money from advertising should pay taxes on the same basis as other entrepreneurs. Karypbekov said he supports tax incentives for the IT sector but believes it is a mistake to extend them to bloggers. “If I earned 100 soms, I would give four soms to the state. That is a very small amount,” Karypbekov said, adding that many popular bloggers generate substantial advertising revenue and...

Border disputes

UN General Assembly Adopts Kyrgyzstan-Led Resolution on Border Disputes

On May 20, the United Nations General Assembly adopted by consensus a Kyrgyzstan-backed resolution titled “Peaceful Settlement of Border Disputes,” Kyrgyzstan’s Foreign Ministry announced. More than 40 countries co-sponsored the document. The resolution was presented by Kyrgyzstan jointly with Tajikistan and Uzbekistan. According to the ministry, the main purpose of the resolution is to share with the international community the historic achievement of the three Central Asian countries in resolving border disputes through peaceful means, including dialogue and negotiations, in accordance with the UN Charter and international law. The resolution proposes what Kyrgyz officials described as a simple and universal principle: when states face border disputes, the way forward should be peaceful, lawful, and based on dialogue. According to the ministry, the Central Asian achievements highlighted in the resolution offer the international community an example of good-neighborly relations and peaceful dispute resolution. The adoption of the resolution is another confirmation of the ability of Kyrgyzstan and its neighbors to peacefully resolve complex issues that had remained unsettled for decades, the ministry stated. Kyrgyzstan, Tajikistan, and Uzbekistan have recently resolved long-standing border delimitation disputes in the Ferghana Valley inherited after the collapse of the Soviet Union. During a summit in Khujand, northern Tajikistan, on March 31, 2025, Kyrgyzstan’s President Sadyr Japarov, Tajikistan’s President Emomali Rahmon, and Uzbekistan’s President Shavkat Mirziyoyev signed a historic agreement on the junction point of the three countries’ state borders, effectively ending decades-long territorial disputes. The three leaders also inaugurated the Friendship Stele, marking the exact point where the borders of the three countries meet. The monument symbolizes friendship among the three nations, the resolution of long-standing border issues, and a new stage of regional cooperation. The Times of Central Asia previously reported on Kyrgyzstan’s initiative to establish the Dostuk (Friendship) International Trade and Economic Park jointly with Tajikistan and Uzbekistan in the border area where the three countries meet. The proposed project is expected to increase cross-border trade, attract investment, and create new economic opportunities across the region.

UN Security Council

Japarov Calls for Support of Kyrgyzstan’s Bid for UN Security Council Seat

Kyrgyz President Sadyr Japarov has called on world leaders to support Kyrgyzstan’s candidacy in the election for non-permanent members of the United Nations Security Council, scheduled for June 3, 2026, for the 2027-2028 term. In a statement published on his Facebook page, Japarov said Kyrgyzstan has the backing of the other Central Asian countries and is prepared to promote “pragmatic and depoliticized solutions” on the international stage. According to the president, the underrepresentation of small, developing, and landlocked countries in the Security Council “undermines the sustainability of the entire architecture of collective security.” “This is not a political preference but an objective necessity,” Japarov said. He argued that intensifying geopolitical competition, the erosion of universal international law, and ongoing armed conflicts in Europe, Africa, and the Middle East continue to test the resilience of the international system. “More than $3 trillion is spent annually on military conflicts worldwide. These resources could provide humanity with a decent life. If these expenditures were directed toward greening the planet and eradicating hunger, our world could become a flourishing garden,” the Kyrgyz leader said. Japarov emphasized that Kyrgyzstan is not part of military blocs and does not participate in confrontational geopolitical formats, which he said allows the country to maintain a “balanced, independent, and pragmatic position” on international issues. The president also highlighted Kyrgyzstan’s peaceful settlement of border delimitation issues with neighboring states, describing it as an example of how even highly sensitive security disputes can be resolved through negotiations. Japarov devoted particular attention to Kyrgyzstan’s work within the UN Human Rights Council, to which the country has been elected three times. According to him, Bishkek continues efforts to strengthen democracy, human rights, and the rule of law. The claim comes amid continued scrutiny of Kyrgyzstan’s domestic political trajectory. International observers and rights groups have raised concerns in recent years over pressure on independent media, civil society, and opposition figures, while the authorities have argued that tighter regulation is needed to protect stability and national interests. Japarov also pointed to the introduction of quotas for women, youth, ethnic minorities, and people with disabilities under amendments to the law “On the Election of the President of the Kyrgyz Republic and Deputies of the Jogorku Kenesh,” adopted in 2025. Japarov claimed that Kyrgyzstan ranks first in the world for women’s parliamentary representation. However, Inter-Parliamentary Union data shows that Kyrgyzstan has 30 women in its 90-seat parliament, or 33.3% of deputies. The IPU has instead identified Kyrgyzstan as recording the largest increase in women’s parliamentary representation among countries that held parliamentary renewals in 2025. The president stressed that Kyrgyzstan remains committed to the principles of non-proliferation and disarmament and, if elected to the Security Council, would promote preventive diplomacy, mediation mechanisms, nuclear disarmament, and addressing the growing nexus between climate and security issues. Japarov noted that Kyrgyzstan was among the initiators of the Central Asian Nuclear-Weapon-Free Zone and signed the Treaty on the Prohibition of Nuclear Weapons in 2025. He also said Bishkek intends to devote particular...

Dostuk International Trade and Economic Park

Trade and Economic Park Planned at Border of Kyrgyzstan, Tajikistan, and Uzbekistan

On May 6, Kyrgyz President Sadyr Japarov visited the Dostuk Stele (Friendship) in the country’s southwestern Batken region, erected at the junction point of the state borders of Kyrgyzstan, Tajikistan, and Uzbekistan, where he reviewed the concept and master plan for the proposed Dostuk International Trade and Economic Park. During a summit in the northern Tajik city of Khujand on March 31, 2025, Presidents Sadyr Japarov of Kyrgyzstan, Emomali Rahmon of Tajikistan, and Shavkat Mirziyoyev of Uzbekistan signed a historic agreement on the junction point of the three countries’ state borders. The leaders also took part in a remote inauguration ceremony for the Friendship Stele, which marks the exact location where the borders of the three countries meet and symbolizes friendship among the three nations, the resolution of long-standing border issues, and a new stage of regional cooperation. The planned Dostuk International Trade and Economic Park would span 100 hectares and include administrative, tourism, logistics, production, commercial, and recreational zones. The project aims to strengthen trade and logistics links, attract investment, and create new economic opportunities. If implemented, the project is expected to create more than 5,000 jobs and increase cross-border trade. The concept also includes the development of tourism infrastructure and the organization of international cultural events, ethnic festivals, and exhibitions, contributing to stronger cultural and humanitarian ties while promoting the historical heritage of the Silk Road. Japarov said good-neighborly relations among Kyrgyzstan, Tajikistan, and Uzbekistan remain important, citing the role of joint infrastructure and economic initiatives in regional stability and sustainable development. He also expressed confidence that, with mutual support from the three neighboring countries, the project could become a major platform for trade and investment, as well as a symbol of peace, trust, and unity among the peoples of Central Asia.

Kamchybek Tashiyev

Tashiyev Charged as Kyrgyzstan’s Elite Rift Deepens

Former head of Kyrgyzstan’s State Committee for National Security (GKNB), Kamchybek Tashiyev, has been charged under two articles of the criminal code, his lawyer said, amid signs of escalating political tension in the country. According to defense attorney Ikramidin Aitkulov, Tashiyev faces charges under Article 326, concerning forcible seizure or retention of power and actions aimed at forcibly changing the constitutional order, and Article 337, concerning abuse of office. The latter charge relates to alleged actions carried out for personal gain or for the benefit of others, and to conduct by a senior public official. A restraint measure has been imposed on Tashiyev in the form of a written undertaking not to leave his place of residence. After questioning at the Interior Ministry, he left the building late on April 29. His lawyer said the former official denies all charges. Tashiyev said he intends to defend himself through legal means. “I am innocent and, God willing, I will be acquitted,” he said in a statement. He also urged his supporters to remain calm and act within the law. Media reports suggest that former Prosecutor General Kurmankul Zulushev and former parliamentary speaker Nurlanbek Turgunbek uulu may also be linked to the same case, though their legal status remains unclear. The Interior Ministry has not publicly confirmed or denied reports that they were questioned. President Sadyr Japarov has previously said that any potential involvement by Tashiyev in the so-called “Letter of 75” should be determined by investigators and the courts. The letter, made public in February, urged Japarov and parliament to initiate an early presidential election, citing ambiguity over whether his current term should be treated under the six-year term in force at the time of his 2021 election or the five-year term introduced by the constitution adopted later that year. Tashiyev’s fall has been one of Kyrgyzstan’s most significant political ruptures since Japarov came to power after the 2020 upheaval. The two men had long been seen as the central tandem in Kyrgyz politics, with Japarov controlling the presidency and Tashiyev heading the security apparatus. That arrangement ended on February 10, when Japarov dismissed Tashiyev as GKNB chairman and deputy chairman of the Cabinet of Ministers. The official explanation was that the decision had been taken “in the interests of the state” and to prevent a split in society. The move was followed by a wider reshuffle inside the security services and parliament, where figures seen as close to Tashiyev came under pressure. The Times of Central Asia previously reported that Japarov’s decision appeared to have broken the Japarov-Tashiyev tandem that had shaped the country’s power structure since 2020. The political pressure on Tashiyev’s network intensified in March and April. Tashiyev returned to Kyrgyzstan in March after more than a month abroad and was questioned by the Interior Ministry in connection with Kyrgyzneftegaz, the state oil company. TCA previously reported that the State Tax Service had revived allegations involving the company and private entities linked to Tashiyev’s relatives or associates, while...