Economy

"Alright, Chief." Tashiev instructed to raise the salaries of employees at one of the Manas facilities.

On October 30, at the opening of the reconstructed facility, Deputy Prime Minister Kamchybek Tashiev announced his plans to increase the salaries of employees at the wastewater treatment plant in Manas. During a conversation with the female employees, he inquired about their housing. All responded that they owned their homes, and some of them received apartments from the State Mortgage Company last year. After that, Tashiev clarified what their earnings were. The amounts ranged from 17,000 to

31.10.2025, 17:22

Economy

A new bank "Berekett Bank" will appear in Kyrgyzstan. Who are the founders?

A new closed joint-stock company called "Berekett Bank" will be launched in the financial market of the Kyrgyz Republic. The board of the national regulator approved its establishment on October 10, 2025. According to the Ministry of Justice, the bank was registered on October 20, and it has no foreign participation.

31.10.2025, 16:50

Economy

At the meeting in Bishkek, the real protection of private business property rights was discussed

At the event titled "New Architecture of Investment Policy: Partnership of the State, Business, and Investors," held on October 30 in Bishkek, participants discussed ways to improve law enforcement practices and create a more favorable investment environment for business in Kyrgyzstan. Beктурсун Кенжематов, head of the legal support department for investor protection at the National Investment Agency, presented an updated vision of investment policy, emphasizing the need for

31.10.2025, 16:19

Economy

The opportunities for partnership between the government, business, and investors were discussed in Bishkek

A memorandum of cooperation has been signed between the National Agency for Investments, the Prosecutor General's Office, and the business community

31.10.2025, 16:01

Economy / Exclusive

The Roads of Independent Kyrgyzstan: Major Infrastructure Projects Funded by the State Budget

In recent years, there has been active development of road infrastructure in Kyrgyzstan, funded by the state budget. The country's road sector is demonstrating rapid growth. Support from the state budget allows for the implementation of numerous large projects that have strategic significance. Improving the quality of both domestic and international roads contributes not only to economic growth but also to strengthening connections between regions, improving the conditions for

31.10.2025, 15:46

Economy / Exclusive

In the city of Karakol, meat prices have risen: Sellers explained why

In Karakol, located in the Issyk-Kul region, there has been an increase in prices for beef, lamb, and horse meat over the past week, reports Turmush correspondent. The largest price hike has affected beef (meat from young cows), which now costs 700 soms per kilogram.

31.10.2025, 15:04

Economy

The amount of the average monthly salary for calculating income tax has been announced. List

On the website sti.gov.kg in the "Knowledge Base" section and the "Useful Information" subsection, taxpayers can find information about the average monthly salary by regions and cities of the country, as well as download the attached document.

31.10.2025, 13:58

Economy

Currency exchange rates in commercial banks on October 31: the dollar is rising, the ruble is depreciating

As of October 31, the exchange rates set by the National Bank of Kyrgyzstan are as follows: The dollar remains at 87.45 soms, while the euro and the ruble have slightly decreased in value.

31.10.2025, 12:24

Economy

Investments Under Legal Protection: Kyrgyzstan is Shaping a New Economic Policy

In Bishkek, a National Investment Dialogue took place, gathering representatives from the government, the prosecutor's office, the financial sector, and business to discuss new approaches to Kyrgyzstan's investment policy. One of the most significant events of the meeting was the signing of a memorandum of cooperation between the National Investment Agency under the President of the Kyrgyz Republic, the General Prosecutor's Office, and representatives of the business community.

31.10.2025, 12:15

Economy / Exclusive

EBRD allocates €2.25 million for the modernization of water supply systems in the Osh region

President of the Kyrgyz Republic Sadyr Japarov has signed a law regarding the ratification of Additional Agreement No. 1 to the Loan Agreement with the European Bank for Reconstruction and Development (EBRD). This agreement pertains to the project for the "Rehabilitation of Water Supply Systems in the Local Self-Government Bodies of Myrza-Ake, Don-Bulak, and Kurshab." As a result of this document, 2.25 million euros will be allocated, of which 1.5 million euros will be received in

31.10.2025, 12:06

Economy

Exchange rates in commercial banks of Kyrgyzstan as of October 31

This information was gathered from the websites of commercial banks. If you have any questions regarding the specified data, it is recommended to contact the banks directly. The indicated rates are valid at the time of publication. Please note that rates for cash exchange may change throughout the day.

31.10.2025, 12:00

Economy / Exclusive

The President's Plenipotentiary Representative Revealed When the Bypass Road Around the City of Osh Will Begin Construction

A meeting of the presidential representative office took place in the Osh region. As reported by a Turmush correspondent, on October 31, the results of work for the past nine months will be discussed at this meeting. Among the participants are the akims of seven districts, heads of various departments and organizations, heads of ayil okmotu, and representatives of law enforcement agencies.

31.10.2025, 11:45

Economy

The Cabinet allocated funds for a digital road map and the E-Permit system with China

The Cabinet of Ministers of the Kyrgyz Republic has approved funding for new digital initiatives in the field of transport and communications, making the necessary amendments to the resolution. According to the new decision, the Ministry of Transport and Communications will receive the following funds:

31.10.2025, 11:29

Economy / Actors of Kyrgyzstan

EBRD allocates €2.25 million for water supply in Myrza-Ake, Don-Bulak, and Kurshab

The President approved the agreements According to the signed Law, Sadyr Japarov ratified Additional Agreement No. 1 to the Loan Agreement concluded on May 23, 2019, between the Kyrgyz Republic and the European Bank for Reconstruction and Development. This agreement pertains to the project "Rehabilitation of Water Supply Systems in the Local Self-Government Bodies of Myrza-Ake, Don-Bulak, and Kurshab," as well as the Grant Agreement signed on April 14, 2025, in Bishkek, regarding the

31.10.2025, 10:51

Economy

The President recognized "Eldik Bank" as the custodian of savings traditions in the Kyrgyz Republic.

Sadyr Japarov, the President of Kyrgyzstan, signed a decree that officially establishes the open joint-stock company "Eldik Bank" as the successor to the traditions of the amanat (savings) business that originated in the country in 1925. This document emphasizes that the main goal of this decision is to preserve the historical heritage of Kyrgyzstan and to promote the strengthening of a culture of financial responsibility and thrift among citizens.

31.10.2025, 10:38

Economy

Consumer Loans Reimagined: 0.08 Percent Daily Limit and No Penalties for Early Closure

Sadyr Japarov, the president of the country, has signed a new law "On Consumer Credit," aimed at streamlining the process of issuing and repaying loans. The document also aims to enhance the level of protection for borrowers and improve the transparency of lending conditions. This law will come into effect 10 days after its signing.

31.10.2025, 09:53

Economy

Farmers in Kyrgyzstan were issued concessional loans totaling 4 billion soms

The Ministry of Finance has announced the issuance of preferential loans to farmers in Kyrgyzstan totaling 4 billion soms. As part of the "Agricultural Financing" initiative (AF-13), 6,487 agricultural producers have gained access to these funds.

31.10.2025, 09:43

Economy

At the KyrgyzTransLogistic 2025 exhibition, it was proposed to abolish visas with China.

At the KyrgyzTransLogistic 2025 exhibition taking place in Bishkek, representatives of freight carriers proposed the initiative to abolish the visa regime with China to improve logistics processes.

31.10.2025, 09:43

Economy

Ratified agreement on additional millions of euros from the EBRD for water supply in villages

The President of the Kyrgyz Republic, Sadyr Japarov, signed the Law "On the Ratification of Additional Agreement No. 1 to the Loan Agreement dated May 23, 2019, with the European Bank for Reconstruction and Development, concerning the project 'Rehabilitation of Water Supply Systems in the Local Self-Government Bodies of Myrza-Ake, Don-Bulak, and Kurshab.' The grant related to investments from the Special Shareholders Fund of the EBRD, signed on April 14, 2025, in Bishkek, has

31.10.2025, 09:19

Economy / Exclusive

Exchange rates for October 31

As of October 31, 2025, the National Bank presented the current exchange rates. The exchange rate of the US dollar remained stable at 87.45 soms.

31.10.2025, 09:18

Economy

The ruble and euro have fallen in value again, the dollar is stable. Exchange rates as of October 31.

According to the latest data presented by the National Bank of Kyrgyzstan and exchange points in Bishkek, the US dollar has not changed its value, while the euro and Russian ruble have depreciated again. In contrast, the Kazakh tenge continues to strengthen. US Dollar:

31.10.2025, 08:45

Economy / Exclusive

GNS and KTU "Manas" to Join Efforts for the Development of the Jewelry Industry in Kyrgyzstan

Almambet Shykmamatov, the Chairman of the State Tax Service of the Kyrgyz Republic, visited the city of Kahramanmaraş in Turkey at the invitation of the rector of the Kyrgyz-Turkish University "Manas," Alpaslan Jaylan. During this trip, he familiarized himself with the jewelry sector of the region, which is known for its craftsmanship traditions, modern technologies, and production capacities. Kahramanmaraş is considered one of the main centers of jewelry production in Turkey.

31.10.2025, 08:43

Economy

Exchange Rate at the Moscow City Duma on October 31: Ruble is Declining

On the morning of October 31, the exchange rates for foreign currency at the Moskovsky Sovet exchange points are as follows:

31.10.2025, 07:27

Economy

Germany is considering the nationalization of Rosneft's assets

As reported by Reuters, the assets of "Rosneft" in Germany, including Rosneft Deutschland GmbH and RN Refining & Marketing GmbH, are currently under state control. This step was taken following the onset of Russia's full-scale invasion of Ukraine. October became the month when the U.S. imposed sanctions against "Lukoil" and "Rosneft," as well as their subsidiaries. However, an exemption is in place for the company's German assets, effective until

30.10.2025, 20:51

Economy

Self-ban on loans comes into effect on November 1: how it works

Photo 24.kg Starting from November 1, 2025, citizens of the Kyrgyz Republic will have the opportunity to voluntarily limit the issuance of loans and borrowings in their name. This innovation makes Kyrgyzstan the first country in Central Asia to implement such a mechanism. At a press conference held at the National Bank, Deputy Chairman Bektur Aliyev emphasized the relevance of this initiative in light of the increase in fraud in the online lending sector. In October of this year, over 200

30.10.2025, 19:48

Events / Economy / Sports

30.5 million soms will be allocated for the completion of the major renovation and reconstruction of the E. Osmonov Stadium in Toktogul

In Toktogul, located in the Toktogul district, the process of selecting a contractor for the completion of the major repairs and reconstruction of the E. Osmonov Stadium has begun. This is reported on the state procurement portal, which indicates that the procurement method is unrestricted. The total amount allocated for the work is 30 million 465 thousand 965 soms.

30.10.2025, 19:25

Economy / Exclusive

In Kyrgyzstan, nearly 11 thousand houses and apartments have been introduced since the beginning of the year

From January to September 2025, 10,993 residential buildings were completed in Kyrgyzstan, with a total area of 1,274.5 thousand square meters. This is 30% more than in the same period of 2024, according to data from the National Statistical Committee. Investments in fixed capital for housing construction during this period amounted to approximately 103.5 billion soms, which is 80% higher than last year's level.

30.10.2025, 18:39

Economy

Sadyr Japarov stated that Kyrgyzstan has reduced the volume of debt in the energy sector by five times. How?

In an interview with the "Kabar" agency, President Sadyr Japarov commented on the current state of debts in the country's energy sector. He reminded that at the beginning of 2021, the total debt of the industry reached 137 billion soms, which is equivalent to approximately 1.5 billion dollars.

30.10.2025, 18:24

Economy

GNS and KTU "Manas" agreed on the training of jewelers in Kyrgyzstan

The Kyrgyz State Tax Service (GNS) and the Kyrgyz-Turkish University "Manas" have decided to join efforts to develop the jewelry industry in the country. During his working visit to the Turkish city of Kahramanmaraş, GNS Chairman Almambet Shykmamatov met with the university rector Alpaslan Ceylan. He also had the opportunity to familiarize himself with the activities of local jewelry enterprises, which represent one of the key production centers in Turkey, where traditional

30.10.2025, 18:18

Economy / Exclusive

Through the payment of customs duties via QR code, 40 million soms were received in the budget in a week - Saliev

In just one week, thanks to the new method of paying customs duties through QR codes, 40 million soms were received in the state treasury. This was stated by Almaz Saliev, the chairman of the State Customs Service of Kyrgyzstan, on the air of Birinchi radio. He noted that a digital system was developed in collaboration with "Eldik Bank" to simplify the process of paying customs duties.

30.10.2025, 18:07

Economy

US Sanctions. Foreign Assets of Lukoil to be Purchased by Oil Trader Gunvor Group

The Russian company Lukoil has come under U.S. sanctions and has agreed to the proposal from oil trader Gunvor Group to sell its foreign assets, excluding the possibility of negotiations with other interested parties. A press release states that "the key terms of the deal were agreed upon earlier... The sale of LUKOIL International GmbH is related to the imposition of restrictive measures by certain states against PJSC Lukoil and its subsidiaries."

30.10.2025, 17:12

Economy

The President signed the Law "On Consumer Credit". What has changed for Kyrgyzstanis

President Sadyr Japarov has approved the Law "On Consumer Credit," which was adopted by the Jogorku Kenesh on September 25, 2025. This was reported by the press service of the president's administration. This law does not apply to loans related to the purchase, construction, or completion of residential real estate unless provided for in its provisions. It establishes the rules for providing consumer loans, the terms of their contracts, the procedure for calculating and applying

30.10.2025, 16:11

Economy

Kyrgyzstan Fully Provides Itself with Six Socially Significant Products

The remaining three types of products are partially supplied through imports According to the Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic, in the first nine months, Kyrgyzstan was able to provide itself with six out of nine critically important food items.

30.10.2025, 16:11

Economy

Kyrgyzstanis can now impose a self-ban on loans - how to do it

To activate the self-ban mechanism on lending, you can use the Tunduk application. Starting from November 1, 2025, a self-ban mechanism for obtaining loans will come into effect in Kyrgyzstan. This was announced at a press conference in Bishkek by Azamat Jamangulov, the Minister of Digital Development and Innovative Technologies of the KR.

30.10.2025, 15:46

Economy / Exclusive

A Wave of Mass Layoffs Hits the Global Economy

The situation in the global labor market is becoming increasingly alarming: mass layoffs are affecting major companies in the US, Europe, and Asia. According to information from Reuters, many businesses around the world are ramping up layoffs, indicating a slowdown in economic growth. In September, over 25,000 layoffs were recorded in American companies, while logistics giant UPS announced plans to cut nearly 50,000 jobs since the beginning of the year.

30.10.2025, 15:46

Economy

The Central Bank named the main reasons for introducing the self-ban mechanism on loan issuance.

The Deputy Chairman of the National Bank, Bektur Aliyev, announced at a press conference in Bishkek on October 30 that the introduction of a self-ban mechanism on loans is aimed at protecting the rights and financial independence of citizens. He noted that there has been an increase in cases of online fraud in the country. "The National Bank receives numerous complaints about the illegal provision of online loans by banks and financial organizations," Aliyev stated.

30.10.2025, 15:22

Economy

The number of individual entrepreneurs in Kyrgyzstan has increased.

According to the latest analysis by the National Statistics Committee, the number of individual entrepreneurs in Kyrgyzstan increased by 4.1% over the past year. As of October 1 of last year, there were 386.9 thousand, and on the same date this year, their number rose to 403.1 thousand. The highest number of individual entrepreneurs is registered in Osh — 77.2 thousand, and in Bishkek — 69.2 thousand.

30.10.2025, 15:15

Economy / Exclusive

The Northern Bypass Will Relieve Bishkek of Traffic Jams — Construction is Ongoing Around the Clock

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30.10.2025, 15:06

Economy

In Kyrgyzstan, the production of frozen berries is increasing

Favorable natural and climatic conditions for growing fruit and berry crops are observed in almost all regions of Kyrgyzstan. The Ministry of Water Resources, Agriculture, and Processing Industry notes that wild apple trees, apricots, strawberries, raspberries, strawberries, and currants grow in the country. Horticulture demonstrates high rates of development, especially in the Issyk-Kul region, where black and red currants, as well as apples and sea buckthorn, are actively cultivated. In the

30.10.2025, 14:20

Economy

Analysts voiced the risks of economic growth in Kyrgyzstan

In a recent report from the Eurasian Fund for Stabilization and Development, experts highlighted key risks that could impact Kyrgyzstan's economic growth from 2025 to 2028. They believe that financing the budget, which will require support for the inefficient energy sector, the implementation of major infrastructure projects (such as the Kambar-Ata Hydroelectric Power Station and the China-Kyrgyzstan-Uzbekistan railway), as well as for the recapitalization of the State Mortgage Company and

30.10.2025, 14:11

Economy

More Beer is Being Imported to Kyrgyzstan

According to data from the National Statistical Committee, the volume of imported beer in Kyrgyzstan from January to August increased by 9.7% compared to the same period last year. During these months, the republic purchased 10 million 277.7 thousand liters of beer for a total of $9.8 million.

30.10.2025, 14:07

Economy

In the city of Osh, Abulaev Street will be paved for 35 million soms.

In the city of Osh, the asphalting of Abulaev Street is planned, for which 35 million soms have been allocated. This information appeared on the state procurement portal. The municipal enterprise "Osh City Roads" has initiated a tender for the asphalting work from Jumabaev Street to Shamshiev Street.

30.10.2025, 13:22

Economy

A New Substation Has Appeared in Osh

Today, a new substation "Ken-Sai" began operations in the Ken-Sai massif of Osh. Construction work was completed ahead of schedule, as reported by the press service of the Ministry of Energy. The project was implemented by OJSC "National Electric Networks of Kyrgyzstan" with total investments amounting to 18,500.0 thousand soms.

30.10.2025, 13:05

Economy / Exclusive

A new substation has been put into operation in the city of Osh

A new substation "Kең-Sai" was opened in Osh on October 30. Attending the event were the Minister of Energy Talaybek Ibraev, the Mayor of Osh City Zhenishbek Toktorbaev, the General Director of the National Electric Networks of Kyrgyzstan OJSC Ilgiz Sydygaliev, and local residents.

30.10.2025, 13:03

Economy

The GDP growth of Kyrgyzstan is expected to be at 10 percent by the end of this year.

At the international scientific and practical conference "Ways to Solve Priority Tasks for Accelerated Economic Growth of the Kyrgyz Republic" in Bishkek, the Chairman of the Financial Market Regulation and Supervision Service, Marat Pirnazarov, stated that the expected growth of Kyrgyzstan's gross domestic product by the end of the current year will be 10 percent. Pirnazarov noted that there is an increase in activity in the securities market and growing interest from investors

30.10.2025, 12:47

Economy

How "Chuy Electric Networks" Prepares Kyrgyzstanis for Winter: Savings, Timely Payments, and "Smart" Meters

- The leading sales specialist for electricity at the branch "Chui Electric Networks" of the Open Joint Stock Company "National Electric Network of Kyrgyzstan," Meerim Bektemirova, revealed details of measures aimed at saving energy, timely payments, and the implementation of "smart" meters during the winter period in a radio interview. According to the government decree dated May 28, 2025, No. 282, work is actively underway with large consumers, such as cafes and

30.10.2025, 12:32

Economy / Exclusive

Beans as a Brand of Kyrgyzstan: A Processing Plant is Proposed to be Built in Talas

Beans are an important agricultural crop grown not only in Kyrgyzstan but also in China, India, and Southeast Asian countries. Each year, there is a growing interest in this product on the international stage. Kyrgyz beans are especially valued for their quality characteristics, making them attractive for export. However, local farmers face challenges related to market prices for their products. As a result, there is a need for a bean processing plant in the region. According to Erbol

30.10.2025, 12:21

Economy

What products does Kyrgyzstan provide for itself? List

As of the end of the nine months of the current year, the Kyrgyz Republic independently provides itself with six out of nine types of socially significant food products, as reported by the press service of the Ministry of Agriculture, Water Resources, and Processing Industry. This includes: potatoes; milk; meat; vegetables; eggs; sugar. The remaining three products are partially imported from abroad: baked goods (including grain crops); vegetable oil; fruits and berries. Starting in 2024,

30.10.2025, 12:15