The government will not allow a deficit of fuel and lubricants and a sharp rise in food prices – MEC
Economy / Exclusive

The government will not allow a deficit of fuel and lubricants and a sharp rise in food prices – MEC

Deputy Minister of Economy and Commerce Choro Seitov recently spoke at a briefing about the measures the government of the Kyrgyz Republic is taking to stabilize prices for key goods and services. He noted that the state strategy is aimed at preventing sharp price fluctuations through a combination of economic and administrative tools. In particular, the government continues the practice of entering into direct agreements with local producers to stabilize prices on essential goods. Efforts are

13.03.2026, 15:30
Economy

The coordinator spoke about the current stage of the CASA-1000 project.

According to Azim Moldokerimov, the coordinator of the CASA-1000 project implementation group, Tajikistan and Kyrgyzstan are at the stage of readiness to implement this project. This was announced on the air of "Birinchi Radio". In Kyrgyzstan, 456 kilometers of power transmission lines (PTL) will be laid, starting from the "Datka" substation in the Jalal-Abad region and passing through the Osh and Batken regions. In Tajikistan, 29 kilometers of PTL are planned.

13.03.2026, 15:29
Economy

Up to 1.5 billion soms will be allocated for business support in 2026

In Kyrgyzstan, a program aimed at the development of small and medium-sized enterprises until 2030 has been developed. This was announced at a briefing by the First Deputy Minister of Economy and Commerce, Choro Seyitov. The document provides for new financial and non-financial support instruments for businesses. Seyitov noted that this program will differ from previous ones, as the focus will be on active mechanisms to support entrepreneurs. This includes both financial instruments and

13.03.2026, 15:18
Economy

In a week, the price of eggs has increased by 20 soms in some regions of Kyrgyzstan

The rise in prices is caused by the actions of intermediaries Over the past week, in several regions of Kyrgyzstan, the price of a dozen eggs has increased by 20 soms. This was reported by Oksana Goryanova, head of the analysis department of the Antimonopoly Service, in an interview for the radio. The agency has begun an investigation in response to citizens' complaints. “In Bishkek, the price of a dozen eggs has risen by about 10 soms, while in regions such as Osh and Batken, the increase

13.03.2026, 15:12
Economy

Tenders Without Borders: A Unified Digital Public Procurement Platform Will Be Created in the EAEU

At the briefing, the First Deputy Minister of Economy and Commerce, Choro Seyitov, announced plans to create a unified digital platform for public procurement within the framework of the Eurasian Economic Union. Seyitov noted that this initiative will allow entrepreneurs from all five member countries to see current processes and participate in tenders in neighboring markets.

13.03.2026, 15:03
Economy

Road Repairs - 2026: Blocked Entrance to Bishkek and New Asphalt to Kychyn (Map)

With the arrival of spring, a new season of road works begins, and the residents of Bishkek already remember the terrible traffic jams of last summer. "This year we plan to carry out major repairs and restoration of more than 100 kilometers of roads, as well as build new ones. Major highways and central streets will be closed during the holidays when traffic is minimal," announced Ulanbek Beishenbaev, director of the Department of Transport and Road Infrastructure. The first closed

13.03.2026, 14:59
IEC: Inflation in 2026 Will Be Revised Due to External Factors
Economy / Exclusive

IEC: Inflation in 2026 Will Be Revised Due to External Factors

During a briefing held today, the Deputy Minister of Economy and Commerce of the Kyrgyz Republic, Choro Seitov, discussed current issues related to inflation. He emphasized how external and internal shocks affect the economic situation in the country. Seitov noted that the economy of Kyrgyzstan is significantly influenced by external factors. The main ones include logistical problems, the cost and complexity of supplies, as well as fluctuations in global prices for key products such as

13.03.2026, 14:49
Economy

The Ministry of Economy invites Chinese companies to relocate production to Kyrgyzstan

In Kyrgyzstan, there is an active call for Chinese companies to open new productions or relocate existing ones. This was reported by Choro Seitiov, the First Deputy Minister of Economy and Commerce, at a press conference. He noted that recent trips to China allowed the Kyrgyz side to propose to local businessmen the possibility of establishing production facilities in the republic.

13.03.2026, 14:40
Economy

Choro Seitov: Kyrgyzstan's GDP may exceed $30 billion by 2030

At a press conference in Bishkek, Choro Seiytov announced that according to the National Development Program, by 2030, Kyrgyzstan's gross domestic product (GDP) is expected to grow to $30 billion. Currently, there is a forecast that this figure may exceed the expected amount and reach $31-32 billion. Seiytov added that by 2025, the GDP will already be approximately 2 trillion soms, which is equivalent to about $22.5 billion. Per capita, the GDP will be approximately $3,000, which

13.03.2026, 14:34
Economy

The Ministry of Economy invites Chinese enterprises to Kyrgyzstan against the backdrop of the trade war with the USA

At a briefing in Bishkek, the First Deputy Minister of Economy and Commerce, Choro Seyitov, announced the Kyrgyz government's intention to attract Chinese companies to open new production facilities in the country. He noted that amid rising tariffs on Chinese goods from the United States, Kyrgyzstan and neighboring countries could benefit. "This will create opportunities for exporting Chinese goods to those countries where they have traditionally been supplied," he emphasized.

13.03.2026, 14:34
Economy

The Ministry of Economy promised to prevent a fuel shortage in Kyrgyzstan.

According to Seyitov, the government has analyzed the potential risks, taking into account the current situation in the Middle East. "We are taking measures to prevent price increases. Russia remains our main supplier, and we have established quotas. Representatives of the Russian Federation have assured us that the supply of fuel will continue, regardless of external circumstances," he noted. We are confident that we will not face any problems with fuel supplies throughout the entire

13.03.2026, 14:31
Economy

Fuel shortage is not expected in Kyrgyzstan - Ministry of Economy

In Kyrgyzstan, there is no anticipated shortage of fuel and lubricants, reported the First Deputy Minister of Economy Choro Seiytov at a briefing. He noted that government agencies are conducting constant monitoring of supply volumes and fuel prices. This is particularly relevant in the lead-up to the spring fieldwork, when it is necessary to provide farmers with everything they need.

13.03.2026, 14:09
Economy

In Kyrgyzstan, fiscalization will be expanded to include the bath and sauna sector

The expansion of fiscalization in Kyrgyzstan will cover the bath and sauna sector. Choro Seyitov, the First Deputy Minister of Economy and Commerce, announced this at a briefing, noting that this decision is based on the successful completion of a pilot project in other service sectors. Currently, hotels and restaurants have already transitioned to a pilot fiscalization mode, which has demonstrated impressive results — tax revenues from these establishments have increased.

13.03.2026, 14:00
Economy

Kyrgyzstan's GDP Will Exceed Forecasts and Reach $32 Billion by 2030

According to the First Deputy Minister of Economy and Commerce Choro Seyitov, the economy of Kyrgyzstan is finding its strength in sustainable growth and is expected to exceed previous forecasts. Initially, it was anticipated that by 2030, the country's GDP would reach $30 billion, but according to the latest calculations, this figure may reach $31–32 billion.

13.03.2026, 13:42
Economy

Banks are allowed to export non-worn dollars from Kyrgyzstan until October

The National Bank of the Kyrgyz Republic has extended the validity of the permit for the export of non-worn cash currency, including US dollars, until October 1, 2026. This decision, made last year, has been updated in light of the current situation. In July 2025, commercial banks received a temporary permit for the export of cash foreign currency to simplify the regulation of cash and currency transactions. According to this resolution, banks can export dollars for subsequent exchange or for

13.03.2026, 13:23
At "Kumtor," they revealed how much gold was produced in 2025 and why the cost price increased.
Economy / Exclusive

At "Kumtor," they revealed how much gold was produced in 2025 and why the cost price increased.

"Kumtor Gold Company" has published information about the amount of gold extracted and changes in its cost price. Recent statements by certain individuals that the extraction volumes at Kumtor have decreased and the costs for gold have increased prompted the company to clarify these issues. Company representatives noted that recently the conditions for mining operations at the mine have become more complicated, making the gold extraction process more difficult.

13.03.2026, 12:43
We pay half the cost of water. What changes did the new law propose?
Economy

We pay half the cost of water. What changes did the new law propose?

Photo UNDP. Drinking water In Kyrgyzstan, people pay only about 50% of the actual cost of drinking water and electricity. Tariffs for these services regularly spark heated debates, as any changes are perceived negatively due to the complex social and economic situation in the country. A recent draft law on drinking water has become yet another topic for discussion. Despite public protests, its initiators claim that the media has misinterpreted the information.

13.03.2026, 12:31
Economy

Will vegetable prices drop in 2026? How much do they cost at the Osh market and in Bishkek stores?

A few weeks ago, cucumbers in Kyrgyzstan were considered one of the most expensive vegetables, with prices reaching 420 soms in markets and approaching 500 soms in stores. However, by March 10, the cost had significantly dropped to 200 soms. Vendors at the Osh market explained the price increase by the shortage of local cucumbers during the winter period and dependence on imported supplies. "Since the beginning of the second week of March, prices have started to decrease, and they may

13.03.2026, 12:13
Kyrgyz Goods Enter the Market of Uzbekistan
Economy

Kyrgyz Goods Enter the Market of Uzbekistan

On March 12, an export contract worth $500,000 was signed in the capital of Uzbekistan, Tashkent. The deal was concluded between the Kyrgyz company OsOO "Alaiku Organics" and the Uzbek firm OsOO Alaiku, with the support of the Trade Representation of the Kyrgyz Republic at the Ministry of Economy and Commerce of the Republic of Uzbekistan. These agreements represent a significant step towards strengthening trade and economic relations between the two countries.

13.03.2026, 12:10
Economy

The Cabinet allowed selling gold and silver to jewelry companies at prices lower than the world price.

The resolution "On the approval of the procedure for the implementation of precious metals by domestic jewelry manufacturers" has received approval from the Chairman of the Cabinet of Ministers of the Kyrgyz Republic, Adylbek Kasymaliev. As reported by the State Tax Service, according to this document, local jewelers will be able to purchase precious metals at a special discounted price. According to the new rules, jewelry companies will be able to buy precious metals with a 2%

13.03.2026, 11:47
In Kyrgyzstan, 1.25 million hectares of land will be sown for the 2026 harvest.
Economy

In Kyrgyzstan, 1.25 million hectares of land will be sown for the 2026 harvest.

In Kyrgyzstan, the start of spring fieldwork has been announced. According to the press service of the Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic, by March 12, 2026, it is planned to sow 1.25 million hectares of agricultural crops. Of this area, 818 thousand hectares are irrigated lands, while 432 thousand hectares are rainfed areas. Currently, active work is being carried out in the southern regions, including the Osh, Jalal-Abad, and Batken

13.03.2026, 11:34
Economy

World Gold Price Forecast Raised Due to Geopolitical Tensions

According to the international rating agency Fitch Ratings, expectations for global gold prices have been revised upward. This is due to increased purchases of precious metals by central banks seeking to diversify their reserves, as well as growing demand from the energy sector for copper. Details are published in the report by Fitch Ratings analysts. Thus, the forecast for gold in 2026 is set at $4,500 per troy ounce (previously $3,400), for 2027 at $3,800 (up from $2,500), and for 2028 at

13.03.2026, 11:31
Economy

Now not per hectare, but per cubic meter. How much will irrigation water cost?

In Kyrgyzstan, a new payment scheme for irrigation water is being introduced: the calculation will now be based not on hectares, but on the actual volume of water consumed in cubic meters. This was announced by Nurlan Tynaliev, Deputy Director of the Water Resources Service of the Ministry of Water Resources, Agriculture, and Processing Industry. The following tariffs have been established for 2026:

13.03.2026, 11:09
Economy

The state will gradually take 70 percent of local channels onto its balance.

According to information provided by 24.kg, the government plans to bring under its control at least 70 percent of the irrigation channels in the country. This was stated by Nurlan Tynaliev, Deputy Director of the Water Resources Service of the Ministry of Water Resources, Agriculture, and Processing Industry. Historically, during the Soviet period, internal channels were managed by collective farms and state farms, and later by Water User Associations that operated on a voluntary basis.

13.03.2026, 11:07
The EAEU Tightens Requirements for Cosmetics, Perfumes, and Household Chemicals
Economy

The EAEU Tightens Requirements for Cosmetics, Perfumes, and Household Chemicals

Starting from July 1, 2026, new requirements for cosmetic and perfume products, as well as household chemicals, will be introduced within the EAEU. According to the Eurasian Economic Commission, the transition to toxicological assessment without the use of animals will be mandatory. This decision is based on an analysis of the characteristics of the ingredients.

13.03.2026, 10:58
The Ministry of Agriculture asks farmers to focus on wheat, vegetables, and beets
Economy

The Ministry of Agriculture asks farmers to focus on wheat, vegetables, and beets

The Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic strongly recommends that farmers pay special attention to the cultivation of essential agricultural crops in anticipation of the spring sowing. In a press release from the department, citing the head of the Plant Production Department, Turatbek Idrisov, it is reported that the key crops necessary for ensuring food security include wheat, barley, potatoes, onions, and sugar beets. These grain crops and

13.03.2026, 10:53
Exchange rates in commercial banks of Kyrgyzstan on March 13
Economy

Exchange rates in commercial banks of Kyrgyzstan on March 13

Information about currency exchange rates has been collected from the websites of commercial banks. If you have any questions regarding the presented data, it is strongly recommended to contact the banks directly. The data is current as of the time of publication. The indicated rates apply to cash currency exchange and may change throughout the day.

13.03.2026, 10:50
The World Bank confirmed the strategic importance of the Kambarata HPP-1 for Central Asia
Economy / Exclusive

The World Bank confirmed the strategic importance of the Kambarata HPP-1 for Central Asia

During a meeting between the Minister of Energy Talaybek Ibraev and the head of the World Bank office in Kyrgyzstan Hugh Riddell, the importance of the Kambarata HPP-1 for the energy security of Kyrgyzstan and the entire Central Asia was discussed. According to Riddell, this project serves as a foundation for confidence in the future energy development of the region and food security. Minister Ibraev expressed gratitude to the World Bank for its support and noted that there were no serious

13.03.2026, 10:49
Economy

"AYIL Bank" Officially Renamed

The National Bank of Kyrgyzstan officially replaced the licenses of the open joint-stock company "Aiyl Bank" on March 12, confirming the new name of the institution as "ABank." As part of this change, both the full and abbreviated names were adjusted: Full name in Kyrgyz: "ABank" ачык акционердик коому; Abbreviated name in Kyrgyz: "ABank" ААК; Full name in Russian: открытое акционерное общество "ABank"; Abbreviated name in Russian: ОАО

13.03.2026, 10:34
Economy

OJSC "Kyrgyz Agroholding" will purchase 500 bull calves for over 72 million soms

The company OJSC "Kyrgyz Agrohholding" has announced the procurement of 500 bull calves for a total amount of 72.6 million soms. The relevant information has been posted on the state procurement website from the branch "Elita". The procurement method does not restrict participants, allowing both local and foreign entrepreneurs to submit applications.

13.03.2026, 10:28
Kyrgyzstan has become the first foreign destination for the Russian fast food chain "Vkusno - i tochka"
Economy

Kyrgyzstan has become the first foreign destination for the Russian fast food chain "Vkusno - i tochka"

It is planned to open 15 restaurants over five years Kyrgyzstan has become the first foreign destination for the Russian fast food chain 'Vkusno - i tochka', as reported by RBC, citing the company's press service. An agreement on commercial concession was signed between the brand owner, LLC 'Sistema PBO', and the local franchisee, LLC 'Alkrest Food'. The first restaurants are expected to open in the republic by the end of 2026. Over the next five years, more

13.03.2026, 10:08
"Logistics in the Risk Zone": Expert Andrey Belov Addressed the President of the Kyrgyz Republic
Economy

"Logistics in the Risk Zone": Expert Andrey Belov Addressed the President of the Kyrgyz Republic

Specialist in international logistics Dmitry Belov has contacted the editorial office of VB.KG, requesting the publication of his open letter to the President of the Kyrgyz Republic. In his letter, he highly praised the president's work, emphasizing the promptness and effectiveness of decisions made in the context of current political and economic instability. Belov is convinced that the ability of the authorities to consider the opinion of the people and support important ideas is a

13.03.2026, 10:06
Economy / Exclusive

Batken Region Modernizes Power Grids in Preparation for Winter 2026-2027

In the Batken region, work has begun on the modernization of electrical networks. According to information from the Batken Electric Networks Enterprise, in response to the directive from the Ministry of Energy of Kyrgyzstan aimed at providing the population with quality electricity, the branch of JSC "NES Kyrgyzstan" has started updating electrical equipment and carrying out repair work. These activities are aimed at preparing for the autumn-winter season of 2026-2027.

13.03.2026, 09:53
The Development of Domestic Production Becomes a Priority for Kyrgyzstan's Economy
Economy / Exclusive

The Development of Domestic Production Becomes a Priority for Kyrgyzstan's Economy

Tilek Jumaliev, Deputy Director of the Center for Development and Promotion of Exports "Kyrgyz Export" under the Ministry of Economy and Commerce, announced the introduction of a number of support measures for exporters that will come into effect in 2026. Producers will gain access to preferential loans as part of a pilot project, the mechanism of which has already been approved by the Cabinet of Ministers.

13.03.2026, 09:50
In Russia, a sharp increase in the cost of imports from Iran is being recorded
Economy

In Russia, a sharp increase in the cost of imports from Iran is being recorded

Just a week ago, experts' expectations seemed to be merely alarming omens, but today they have been confirmed: Russian consumers are facing a sharp rise in prices. The conflict in the Middle East and the effective halt of supplies from Iran have significantly impacted fresh vegetables, which are an important part of the consumer basket. As reported by "Komsomolskaya Pravda," the cost of the "vitamin set" on the shelves of Russian stores is rapidly increasing. For

13.03.2026, 09:33
Economy

The Central Bank has tools to smooth sharp price fluctuations - specialist

Aynura Mambetkul kyzy, head of the monetary policy department of the National Bank, confirmed on the air of "Birinchi Radio" that forecasting prices for fuel and lubricants in the country is complicated due to significant uncertainty in international markets. She noted that last year domestic fuel prices rose due to changes in the external market.

13.03.2026, 08:50
The ruble fell to a yearly low, the euro is again below 101 soms. Currency exchange rates as of March 13.
Economy

The ruble fell to a yearly low, the euro is again below 101 soms. Currency exchange rates as of March 13.

Photo from the internet. The latest currency intervention by the National Bank of the Kyrgyz Republic has had an impact: the som has strengthened against the ruble, euro, yuan, and tenge. According to the National Bank of Kyrgyzstan and exchange points in Bishkek, there is a decrease in the value of the Russian ruble, euro, Kazakh tenge, and Chinese yuan compared to the som. The US dollar has remained stable. US Dollar:

13.03.2026, 08:46
Exchange rates for March 13
Economy / Exclusive

Exchange rates for March 13

The National Bank of Kyrgyzstan has presented the current exchange rates as of March 13, 2026. According to official data, the following rates have been established for this day:

13.03.2026, 08:37
Economy

Food Security and Income: What Farmers in Kyrgyzstan Are Advised to Grow

According to Turatbek Idrisov, head of the Department of the Ministry of Water Resources, Agriculture, and Processing Industry, farmers in Kyrgyzstan are strongly advised to focus on cultivating important crops such as barley, wheat, potatoes, onions, and sugar beets. Idrisov noted that grain crops and sugar beets play a leading role in the country's food security strategy. At the same time, the most profitable crops today are raspberries, strawberries, and corn.

12.03.2026, 21:21
The Federal Tax Service expanded the list of participants in the pilot project for fiscal software.
Economy

The Federal Tax Service expanded the list of participants in the pilot project for fiscal software.

The project now includes baths, saunas, and chain catering establishments. The press service of the State Tax Service reported an update to the list of participants in the pilot project concerning the implementation of fiscal software. The new version of the project has added entrepreneurs providing bath and sauna services, as well as catering establishments, including fast food outlets operating under a single brand within chain companies. Additionally, entrepreneurs who do not fall into the

12.03.2026, 20:36
Economy

How the modernization of the "Torugart - Road" checkpoint is progressing (before and after photos)

At the "Torugart - Road" checkpoint, an electronic queue system for trucks has been implemented, addressing the issue of significant queues at the border, which sometimes reached 25 km in length. This created a burden on the road network and negatively impacted the ecology in the area of Lake Chatyr-Kul. Representatives from the State Border Service, the State Customs Infrastructure JSC, and the GTS are involved in the implementation process, monitoring the progress of the

12.03.2026, 19:06
Economy

Gasoline in Uzbekistan has increased in price in one day

In just one day, the price of AI-92 gasoline in Uzbekistan increased by 7.4%, leading to a twofold decrease in sales volumes on the exchange. This price increase coincided with a drop in global oil prices, which was triggered by the conflict in the Middle East.

12.03.2026, 17:56