Economy

Golden USDKG: Kyrgyzstan's New Tool for Cross-Border Payments

In an interview with the international business publication Bloomberg, representatives of the Ministry of Finance of Kyrgyzstan shared information about new approaches in financial policy and methods of attracting capital. The meeting included Aman Abdybapov, who is the head of the state debt and assets management department, and Bakyt Mamytov, the general director of the Joint Stock Company "Issuer of Virtual Assets".

11.12.2025, 18:36

Economy

No Cash. Uzbekistan Introduces Strict Restrictions on Purchases

In Uzbekistan, strict measures have been announced regarding cash transactions for the purchase of certain goods and services. According to a presidential decree, from now on, it will not be possible to buy new cars, apartments, alcohol, tobacco products, and even drinking water with cash. This information was reported by Uzbek media, citing clarifications from the Ministry of Justice of the republic. Starting in 2026, it will also be prohibited to use cash for paying for electricity, fuel,

11.12.2025, 17:22

Economy

The National Bank's Gold Bullion Bars Continue to Appreciate

In Kyrgyzstan, there is a rise in prices for the buyback of standard gold bars, which implies their sale to the National Bank. This data has been published by the NB KR. Current buyback prices are: 1 g - 13,175 soms; 2 g - 25,073 soms; 5 g - 60,922 soms; 10 g - 120,027 soms; ounce (31.1 g) - 369,857 soms; 100 g - 1,184,641 soms. It is important to note that this refers to gold of 999 purity.

11.12.2025, 16:51

Economy

Ministers of Energy of the Territorial Communities Named Key Projects for Cooperation

At the meeting in Istanbul, the energy ministers of the Turkic States Organization discussed important projects for further cooperation, as reported by the press service of the TSO. Among the most significant projects highlighted were pipelines such as Baku – Tbilisi – Ceyhan, the South Caucasus Pipeline, as well as TANAP, TAP, and the Iğdır – Nakhchivan gas pipeline. Attention was also drawn to the strategic partnership between Azerbaijan, Kazakhstan, and Uzbekistan in the field of green

11.12.2025, 16:20

Economy

In Kyrgyzstan, the application process for the "Best Exporter - 2025" competition has been announced.

Financial and non-financial support for winners

11.12.2025, 16:02

Economy

From Fashion to Streaming: The Cabinet Updates the List of Creative Services

The Government of the Kyrgyz Republic has presented a draft resolution for public discussion regarding changes to the regulations governing the operation of the Creative Industries Park. The innovations aim to expand the range of services provided within this park. As part of the project, it is proposed to add numerous new areas, including publishing, fashion, the film industry, the music sector, internet platforms, and creative business. The list of changes includes:

11.12.2025, 15:52

Economy

Kyrgyzstan and China Discussed the Implementation of Projects for the Kambar-Ata and Uch-Kurgan Hydroelectric Power Stations

Alibek Sadyrov, head of JSC "Electric Stations," participated in events organized by Dongfang Electric Corporation and Dongfang Electric Machinery Co. in the Chinese cities of Chengdu and Deyang. The visit took place on the instructions of the Minister of Energy, Talaybek Ibraev. The company's press service reported on the holding of a bilateral meeting with representatives of CNEEC and Sinohydro. During the discussions, key points regarding the projects of the second hydro unit

11.12.2025, 15:52

Economy

An expert named one of the main tasks of the Digital Code that will affect business

Tattu Mambetalieva, the leading partner of the consortium engaged in the development of digital legislation, emphasized at the Central Asian Cyber Legal Forum that one of the main principles of the new Digital Code is the rejection of state pressure on businesses in choosing technologies. She also reminded that the government has repeatedly expressed intentions to transition telecommunications services to 5G; however, this technology is currently virtually absent in the country. Businesses, in

11.12.2025, 15:39

Economy / Exclusive

Exporters of Kyrgyzstan will compete for the title of the best in 2025

The Center for Development and Promotion of Exports "Kyrgyz Export" has initiated a national competition titled "Best Exporter of the Kyrgyz Republic – 2025". It is aimed at domestic companies and entrepreneurs, offering them the opportunity to showcase their achievements. As noted by the organizers, this event opens up excellent prospects for businesses to strengthen their positions on the international stage and provides useful tools for further growth.

11.12.2025, 14:46

Economy / Exclusive

The State Tax Service Implements Automated Property Tax Assessment

The State Tax Service (GNS) is launching a new project for the automated calculation of property tax, made possible by changes in tax legislation. According to the updates made to the Tax Code, property tax will now be calculated and paid directly by the tax authorities at the location of the relevant property or land plot.

11.12.2025, 13:41

Economy

The Papa John's franchise is closing in Kyrgyzstan and Kazakhstan

Daniyar Monolbaev, the owner of the Papa John's franchise in Kyrgyzstan and Kazakhstan, announced the closure of the chain in these countries through his social media. According to him, this decision was the result of months of declining revenues, increasing expenses, and accumulated debts.

11.12.2025, 12:40

Economy / Exclusive

The Cabinet approved the regulations for calculating the cost of funeral services

On December 10, 2025, the Cabinet of Ministers of the Kyrgyz Republic adopted Resolution No. 795, which introduces a new procedure for determining prices for services related to burial. This regulation serves as a unified methodological guideline for forming tariffs for funeral services provided by specialized services and municipal enterprises engaged in funeral matters.

11.12.2025, 12:39

Economy

Entrepreneurs from Kyrgyzstan Head to Irkutsk to Establish Cooperation

A reverse business mission took place in Irkutsk, featuring entrepreneurs from Kyrgyzstan and Uzbekistan. This was reported by the press service of the governor of Irkutsk region. This event was organized as part of the national project "Effective and Competitive Economy" and aims to establish new business connections between companies in the Irkutsk region and Central Asia.

11.12.2025, 12:37

Economy

The ruble is depreciating, the euro is appreciating. Currency exchange rates in commercial banks on December 11.

The National Bank of Kyrgyzstan has presented the exchange rates for foreign currencies as of December 11: The dollar has maintained its position unchanged, while the euro has sharply increased in value, and the ruble has depreciated.

11.12.2025, 12:31

Economy

Qatari holding shows interest in long-term projects in Kyrgyzstan

During the discussions, the parties explored the possibilities for implementing large investment projects in Kyrgyzstan. The topics of cooperation included the financial and banking sector, the development of mineral deposits, the agro-industrial complex, logistics, construction, and the development of tourist infrastructure. Ravshanbek Sabirov presented a wide range of investment opportunities, including projects such as the SFIT "Tamchy," "Ala-Too Resort,"

11.12.2025, 12:18

Economy

American investors and companies will participate in CABXPO Bishkek 2025

The organizers' goals are aimed at globalization According to the High Technology Park, American investors and companies will be represented at CABXPO Bishkek 2025. The exhibition is designed to showcase innovative opportunities, strengthen business contacts, and provide access to international markets.

11.12.2025, 12:15

Economy / Exclusive

The National Bank held a seminar for exchange offices on compliance with AML/CFT requirements

On December 8, the National Bank, together with the Association of Legal Entities "Alliance of Exchange Offices," held a seminar for employees of exchange offices. According to information from the regulator, the seminar focused on compliance with the key requirements of the regulations of the National Bank and the laws of the Kyrgyz Republic concerning the prevention of the financing of criminal activities and the legalization (laundering) of proceeds obtained through criminal means.

11.12.2025, 10:57

Economy

For the construction of a multi-storey residential complex in Osh, agricultural lands were transformed.

In Osh, in the rural district of Toloykon, the construction of a multi-story residential complex is planned, for which 2.7 hectares of agricultural land will be transformed. This decision was made by the Prime Minister Adylbek Kasymaliev. According to the decree, the plot of land, which is privately owned and designated with the number 1309, is changing its category from "agricultural land" to "land for settlements."

11.12.2025, 10:54

Economy / Exclusive

The Cabinet approved new capital standards for securities market participants

The Cabinet of Ministers has adopted a new Regulation on the standards for the sufficiency of own funds for professional participants in the securities market. This decision was signed by the Chairman of the Government, Adylbek Kasymaliev. According to the document, the changes are aimed at improving the financial stability and increasing the competitiveness of organizations operating in the securities market. The minimum sizes of the authorized capital for various areas of activity are

11.12.2025, 10:53

Economy

EAEU to finance the production of system units with the participation of KR company

At the meeting of the Eurasian Economic Commission Council held on December 5, 2025, a project was approved aimed at establishing the production of system units for personal computers with the involvement of a company from the Kyrgyz Republic. This was reported by the press service of the Ministry of Economy of the Kyrgyz Republic.

11.12.2025, 10:51

Economy

Exchange rates in commercial banks of Kyrgyzstan on December 11

Information was collected from the official websites of commercial banks. If you have any questions about the presented data, it is recommended to contact the banks directly. The data is current as of the time of publication. The exchange rate is displayed for cash transactions and may change throughout the day.

11.12.2025, 10:48

Economy

Over 34 million soms were spent on the reconstruction of the Kyzyl-Zhyldyz canal in Naryn

The Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic has announced the completion of an important project for the reconstruction of the Kyzyl-Jyldyz canal, which was carried out by the Naryn Regional Water Management Authority. During the work, 13,395 square meters of concrete were laid over a length of 2,070 meters. These measures are aimed at optimizing the use of water resources, increasing the reliability of the irrigation system, and ensuring

11.12.2025, 10:32

Economy

How often do Kyrgyz people borrow from each other? Take the survey

What is the attitude of the residents of Kyrgyzstan towards P2P loans? Do they borrow from acquaintances, are they willing to lend, and what influences their trust? Participate in our survey to help answer these questions.

11.12.2025, 10:09

Economy

The Ruble and Tenge Have Significantly Devalued Again. Exchange Rates as of December 11

Photo from the internet. The Chinese yuan shows stability and reaches a new annual maximum value Based on data provided by the National Bank of Kyrgyzstan and exchange points in Bishkek, it has been reported that the euro and Chinese yuan have shown growth, while the Russian ruble and Kazakh tenge have significantly depreciated. The US dollar remained at the same level. US Dollar:

11.12.2025, 09:41

Economy

Exchange Rate at the Moscow City Council on December 11: Dollar Increased in Price

On the morning of December 11, the following exchange rates for foreign currencies were recorded at the Mos Soviet exchange offices:

11.12.2025, 09:35

Economy

Self-Ban on Lending. The Experience of Kyrgyz People

Since the beginning of December, the number of users of the "Tunduk" mobile application who have decided to impose a self-ban on receiving online loans has exceeded 75,000. This data was provided by the National Bank of Kyrgyzstan. The new option, which allows individuals to limit their ability to take out loans, became available to Kyrgyz citizens on November 1 of this year. The service has proven to be in demand, as many people seek to avoid unexpected debt to financial institutions.

11.12.2025, 09:32

Economy / Exclusive

Exchange rates for December 11

As of December 11, 2025, the National Bank has presented updated official exchange rates. US Dollar (USD) — 87.45 soms (unchanged). Euro (EUR) — 101.90 soms, which is 0.10 soms higher than the previous rate of 101.80 soms. Russian Ruble (RUB) — 1.1352 soms, which is a decrease from 1.1411 soms. Kazakh Tenge (KZT) — 0.1687 soms, also lower than the previous value of 0.1700 soms. Chinese Yuan (CNY) — 12.3816 soms, showing a slight increase compared to 12.3744 soms. In commercial banks, the

11.12.2025, 09:22

Economy

Kyrgyzstan's International Reserves Exceeded $8.2 Billion

According to information published by the National Bank, Kyrgyzstan's gross international reserves amounted to $8.269 billion at the end of November 2025. Compared to November of last year, this amount has increased by more than $3.2 billion.

11.12.2025, 09:08

Economy / Mineral waters

Bishkek Creates a "Mini-Italy": Fashion Hub for Tailors Opens

The first Fashion Hub in Kyrgyzstan was opened in Bishkek — a space that brings together local brands, designers, and wholesale clients. Jasur Parpiev, the marketing director of Fashion Mall, emphasized that the initiative is aimed at supporting young designers and developing the local fashion industry:

10.12.2025, 23:34

Economy

American companies will participate in the CABXPO business exhibition in Bishkek

On December 25, an international business exhibition CABXPO Bishkek 2025 will take place in Bishkek, as reported by the press service of the High Technology Park. According to the information, the event will be held on the park's premises and will serve as a platform for showcasing innovative solutions, developing business networks, and seeking new career opportunities.

10.12.2025, 20:28

Economy

Individual houses continue to rise in price in Bishkek

Over the past year, the cost of individual houses in Bishkek has increased by 27.2%. This data was obtained from an analysis conducted by the State Agency for Land Resources under the government. As for commercial premises, the average price per square meter is 94,818 soms (approximately $1,084), which is 33,967 soms less compared to November of last year.

10.12.2025, 18:29

Economy

Kyrgyzstan's Gold and Foreign Exchange Reserves Set Records

As of the end of November 2025, Kyrgyzstan's gold and foreign currency reserves amounted to $8 billion 269.16 million, according to the National Bank's data. The regulator reported an increase in gross international reserves as follows:

10.12.2025, 17:34

Economy

The Cabinet and SOCAR Discussed Fuel Supplies to Kyrgyzstan

The Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic, Bakyt Torobaev, held talks in Azerbaijan, focusing on issues related to increasing trade turnover and the import of petroleum products. This was reported by the press service of the Government of Kyrgyzstan. Logistics and Shipbuilding During the visit, Bakyt Torobaev met with Ruslan Talibov, Chairman of the Board of the Baku Shipbuilding Plant.

10.12.2025, 17:30

Economy / Exclusive

The global oil market has been predicted to face a "super surplus"

Analysts at Trafigura, a company engaged in international commodity trading, expect a significant surplus of supply in the global oil market by 2026. This is reported by Bloomberg. According to forecasts from the International Energy Agency, a record surplus level may be reached next year—over four million barrels per day, which accounts for about four percent of total global consumption. Although final figures are likely to be lower than initial estimates, experts still predict a serious

10.12.2025, 17:12

Economy / Exclusive

Coal Prices in the City of Talas

Today, December 10, the authorities of Talas, in cooperation with a representative of the antimonopoly agency, conducted an inspection at the trading points selling coal in the city. The city administration reported that such inspections will be carried out regularly until the end of the winter season, with an emphasis on price control and adherence to fair trading principles.

10.12.2025, 17:02

Economy / Exclusive

Regions with the Highest Home Insurance Rates in Kyrgyzstan Named

In Kyrgyzstan, the southern regions continue to lead in the level of housing insurance. This was reported by Aktan Turumbekov, the director of the Insurance and Reinsurance Department of the State Insurance Organization, in an interview on Birinchi Radio. According to him, residents of the southern regions take home insurance more seriously due to frequent natural disasters.

10.12.2025, 16:48

Economy / Exclusive

In Kyrgyzstan, the Culture of Insurance is Growing. The GSO Summarizes the Year

The volume of insurance payouts in Kyrgyzstan continues to increase, indicating a growing interest among the population in insurance. Aktan Turumbekov, the director of the Insurance and Reinsurance Department of the State Insurance Organization, shared this data on the air of Birinchi Radio. According to information from the State Insurance Organization, by 2025, the total volume of insurance compensations already amounts to 128.5 million soms. Turumbekov noted that such growth in indicators

10.12.2025, 16:35

Economy / Exclusive

Products are getting more expensive, but remain more affordable than in neighboring countries — Ministry of Agriculture

In Kyrgyzstan, there is a rise in food prices, which is associated with a number of internal and external factors, as reported by Uran Chekirbaev, head of the food security department of the Ministry of Water Resources, Agriculture, and Processing Industry, on the air of Birinchi Radio. Chekirbaev noted that nine key products have been identified in the country, including meat, vegetable oil, bread, and sugar. The normative consumption of sugar is about 170 thousand tons per year, however, the

10.12.2025, 16:21

Economy

The Ministry of Construction legalized about 100 facilities previously recognized as illegal

This year, the Ministry of Construction has legalized more than a hundred properties. This was announced by Nurdin Oruntaev, the head of the department, on the air of "Kabar". According to him, 200 properties were identified in the republic that were considered illegal, most of which were multi-story buildings.

10.12.2025, 15:44

Economy

Abakirov: Artificial Intelligence Opens the Way for Kyrgyzstan to the Global Market

At the Central Asian Cyber Legal Forum held on December 10, the director of the High Technology Park, Azis Abakirov, shared his views on the significance of artificial intelligence for the IT sector of Kyrgyzstan. He emphasized that the use of AI could be the key to entering the international market. Abakirov noted: "We should not restrict technologies with excessive regulation, as we still maintain a relatively high degree of freedom on the internet."

10.12.2025, 15:28

Economy

"Everything Can Be Ruined." Bekeshev Commented on the Regulation of Artificial Intelligence in the KR

At the Central Asian Cyber Legal Forum, which took place on December 10, Bekeshev stated the need for the implementation of regulations in the field of artificial intelligence in Kyrgyzstan. The forum served as a platform for discussing pressing issues of digital security. According to the deputy, the main rules for regulating AI are already outlined in the Digital Code of Kyrgyzstan.

10.12.2025, 15:24

Economy / Exclusive

Banks of Kyrgyzstan Prepare for the Implementation of Green Financial Products

A training session dedicated to the implementation of green financing took place in Bishkek, organized by the Ministry of Economy and Commerce of the Kyrgyz Republic in collaboration with the Global Green Growth Institute (GGGI) and the German Society for International Cooperation (GIZ). According to the Ministry of Economy, the purpose of the event was to familiarize participants with the principles of sustainable financing and the implementation of ESG approaches (environmental, social, and

10.12.2025, 14:21

Economy / Exclusive

A fertilizer production plant has started operations in the Ala-Buka district

In the village of Ak-Tam, located in the Ala-Buka district, the "Agrofos" plant has started operations, which is engaged in the production of fertilizers. The Jalal-Abad regional state administration reported this event.

10.12.2025, 14:11

Economy

In Kyrgyzstan, the first complex for shock freezing of meat has begun construction.

Photo by the Ministry of Water Resources, Agriculture, and Processing Industry. Laying of the capsule for the construction of the complex In the Alamedin district, in the village of Baytik, a ceremony was held to lay a capsule symbolizing the start of the construction of a multifunctional agro-industrial complex. This was reported by the Ministry of Water Resources, Agriculture, and Processing Industry. Bakyt Torobaev, Deputy Prime Minister and head of the Ministry of Water Resources and

10.12.2025, 13:19

Economy

Discussed cooperation with Azerbaijan in the field of shipbuilding

The Deputy Prime Minister of the Kyrgyz Republic and Minister of Water Resources, Agriculture, and Processing Industry, Bakyt Torobaev, held a meeting with Majnun Mamedov, the Minister of Agriculture of Azerbaijan. As part of the visit, the Kyrgyz delegation also visited the Baku Shipyard, the Heydar Aliyev Oil Refinery, and the Trade House of Kyrgyzstan located in Baku.

10.12.2025, 12:53

Economy

33 Processing Enterprises to Be Established in Naryn Region

As part of the initiative by the Ministry of Water Resources, Agriculture, and Processing Industry of Kyrgyzstan, the country plans to open 385 processing enterprises. The goal of the project is to increase the level of agricultural product processing to 25% by 2030. As a result of the analysis of the potential for crop and livestock production in the Jalal-Abad region, the establishment of two trade and logistics centers (TLC) and three processing enterprises is planned. They will take into

10.12.2025, 12:52

Economy

The City Hall invites those interested in building modern smart toilets in Bishkek

The announcement concerns the PPP project titled "Development of Public Sanitary Facilities in Bishkek," within which the city hall is announcing an open competition for the selection of a private partner.

10.12.2025, 12:41

Economy

The U.S. Department of Energy has raised its forecast for Brent prices in 2025 to $68.91 per barrel

According to the report from the Energy Information Administration (EIA), the U.S. Department of Energy has revised its forecast for the average price of Brent oil in 2025, increasing it by 0.22 percent to $68.91 per barrel, compared to the previous value of $68.76. Analysts believe that global oil reserves will grow in the coming years, which will have a significant impact on market prices. It is expected that in the first quarter of 2026, the price of Brent oil will drop to $55 and remain at

10.12.2025, 12:35