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The Development State Bank is removed from the oversight of the National Bank.
Economy / Exclusive

The Development State Bank is removed from the oversight of the National Bank.

The President of the Kyrgyz Republic, Sadyr Japarov, has signed a new Constitutional law regarding changes in the legislation concerning the National Bank. This was reported by the publication "Erkin-Too". This law was adopted by the Jogorku Kenesh on September 24, 2025, and officially published on October 31. The document clarifies certain aspects related to the State Development Bank of the Kyrgyz Republic.

05.11.2025, 16:15
Economy

Expenses for the work of the Jogorku Kenesh have exceeded 1.2 billion soms since the beginning of the year

From January to November 2025, the total expenses for the activities of the Jogorku Kenesh amounted to 1 billion 248.8 million soms, which is less than the planned 1 billion 498.4 million soms. This data was obtained from the analysis of resources from the "Open Budget". The largest portion of expenses was allocated for the salaries of the Jogorku Kenesh employees, totaling approximately 891.2 million soms. Of this amount, 490.4 million soms were spent on additional payments and

05.11.2025, 16:14
Economy

Wash or do laundry? Limits from energy companies will force a choice

The heating season is just beginning, and residents of Kyrgyzstan are already facing the consequences of water shortages. Despite the absence of severe frosts, many families are left without electricity. The measures introduced to regulate energy consumption are becoming increasingly strict. Now, as power restrictions come into effect, residents need to carefully plan their use of household appliances. Morning and evening rituals, such as laundry or cooking, are turning into a real challenge.

05.11.2025, 16:10
Economy

In Kyrgyzstan, sunflower oil is becoming more expensive

According to data from the National Statistical Committee, from January 1 to November 4 of this year, the average price of sunflower oil in the country increased by 14.2%. If at the beginning of the year a liter of oil cost 158.3 soms, by November 4 its price had risen to 182.2 soms, which is an increase of 23.9 soms.

05.11.2025, 15:52
Bitcoin has sharply decreased in value
Economy / Exclusive

Bitcoin has sharply decreased in value

During trading, the price of bitcoin fell below the mark of 100 thousand dollars. According to trading data, the minimum price of the asset was 99.01 thousand dollars, however, by the time this material was prepared, it had recovered to 101.76 thousand, which is 4.69 percent lower than the initial level of the trading day. After Donald Trump imposed new tariffs on imports from many countries to the U.S., bitcoin, which reached 109 thousand dollars in January ahead of the inauguration, fell

05.11.2025, 14:07
Economy

China has refused almost half of its oil imports from Russia due to US sanctions

According to Bloomberg, China has reduced its oil imports from Russia by nearly 50% as a result of the sanctions imposed by the United States. Major oil refining companies, such as Sinopec and PetroChina Co., as well as independent firms known as "teapots," have stopped purchasing Russian oil. Reports indicate that fearing increased restrictions, businesses have ceased cooperation with Russian suppliers after Shandong Yulong Petrochemical Co. was blacklisted by the UK and the European

05.11.2025, 11:22
Exchange rates in commercial banks of Kyrgyzstan on November 5
Economy

Exchange rates in commercial banks of Kyrgyzstan on November 5

Information about exchange rates was collected from the official websites of commercial banks. For clarification of data, it is recommended to contact the banks directly. These rates are current at the time of publication and pertain to cash exchange. Please note that rates may change throughout the day. You can find the official exchange rate of the National Bank of the Kyrgyz Republic, as well as the exchange rates at exchange points in Bishkek, here.

05.11.2025, 11:06
Since the beginning of 2025, the National Bank has sold more than 22,000 metric gold bars.
Economy

Since the beginning of 2025, the National Bank has sold more than 22,000 metric gold bars.

Photo from the archive. Metric gold bars of the NBKR From January 1 to October 21, 2025, 22,124 metric gold bars were sold in Kyrgyzstan, corresponding to a total weight of 154.8 kilograms. This figure exceeds the sales volume for the entire year of 2024. The National Bank of the country noted that interest in purchasing gold bars remains high. They are acquired by both individuals and legal entities, including both residents and non-residents.

05.11.2025, 10:11
Exchange rates for November 5
Economy / Exclusive

Exchange rates for November 5

As of November 5, 2025, the National Bank has established the following official exchange rates against the som. The value of 1 US dollar (USD) is 87.4500 soms, which is slightly higher compared to the previous value of 87.4490. The euro (EUR) rate has increased to 100.6899 soms from 100.6844. The Russian ruble (RUB) has also appreciated, now priced at 1.0824 soms, up from 1.0793. The Kazakh tenge (KZT) has risen to 0.1675 soms, increasing from 0.1653. Against this backdrop, the Chinese yuan

05.11.2025, 08:12
Eshatov: Russia Promises to Fulfill the Plan for Duty-Free Supplies of Fuel and Lubricants
Economy

Eshatov: Russia Promises to Fulfill the Plan for Duty-Free Supplies of Fuel and Lubricants

In an interview with KNA "Kabar", the head of the Association of Oil Traders Kanatbek Eshatov stated that the supply of gasoline and diesel fuel from Russia continues, although the volumes have decreased. "The situation remains stable thanks to previously accumulated reserves. Our partners, with whom we maintain constant dialogue, assured that all obligations for duty-free supplies of petroleum products will be fulfilled by the end of the year," he noted. Eshatov also added

04.11.2025, 19:37
Economy

In China, a machine has been launched that melts gold and sends money to an account

In Shanghai, an automated machine called Kinghood has been introduced for accepting gold items. It not only evaluates their value but also transfers money to the owner's account. The entire process takes no more than 30 minutes. This device has already been dubbed a "gold ATM" in the press. The machine accepts items weighing from three grams and with a gold content of at least 50%. It analyzes the weight and composition of the metal, compares the price with quotes on the Shanghai

04.11.2025, 19:35
Eshatov: The Russian side promises to fulfill the plan for duty-free fuel supplies
Economy / Exclusive

Eshatov: The Russian side promises to fulfill the plan for duty-free fuel supplies

In an interview with KNA "Kabar," the head of the Association of Oil Traders, Kanatbek Eshatov, reported that gasoline and diesel fuel supplies from Russia continue, although the volumes have slightly decreased. "We are using previously accumulated reserves, and the situation remains relatively stable. Our partners, with whom we are in constant negotiations, assured us that all obligations for duty-free fuel supplies to the country will be fulfilled by the end of the year.

04.11.2025, 17:11
Will meat in Bishkek rise in price again? State price regulation ends on November 12.
Economy

Will meat in Bishkek rise in price again? State price regulation ends on November 12.

In Kyrgyzstan, the temporary state regulation of meat prices will end on November 12, which was introduced in August for three months to control the rising prices of beef and lamb. Within the framework of this regulation, the following maximum prices were established: 680 soms per kilogram of beef and 690 soms for lamb, excluding boneless cuts. During the implementation of these measures, the authorities monitored meat processing enterprises and wholesale warehouses, restricted exports, and

04.11.2025, 16:38
Economy

Customs clearance fees have started to bring more money to the budget

According to data published by the Ministry of Finance, from January to September of this year, the budget of Kyrgyzstan received twice as much from customs clearance fees compared to the same period last year. During the first six months of this year, the state treasury received 3 billion 915.3 million soms, significantly exceeding the 1 billion 898.9 million soms collected during the same period in 2022.

04.11.2025, 15:10
Kyrgyzstan Leads the EAEU in Construction Growth Rates
Economy / Exclusive

Kyrgyzstan Leads the EAEU in Construction Growth Rates

Kyrgyzstan has achieved significant success in the construction sector, becoming a leader among the countries of the Eurasian Economic Union. This is due to the growth of both domestic and foreign investments, which is an indicator of the country's economic progress. Construction plays a key role in the gross domestic product, and it is necessary to continue supporting the sustainable development of this sector. According to data at the end of the first nine months of 2025, the pace of

04.11.2025, 14:55
Economy

In Kyrgyzstan, penalties and fines will be calculated automatically

A new law has been adopted in Kyrgyzstan, amending the provisions of the Tax Code. Now, the accrual of penalties and fines will be carried out automatically, without the involvement of tax inspectors. The amount of these accruals will depend on the statute of limitations for tax debts. Changes also concern the procedure for fulfilling tax obligations. All taxes must now be paid exclusively in a cashless manner, including the use of digital soms and a Unified Tax Account.

04.11.2025, 14:41
Economy

In Kyrgyzstan, artificial intelligence will be implemented in tax administration

The government of Kyrgyzstan has instructed the Tax Service to implement an analytics system based on artificial intelligence and machine learning technologies to identify tax risks. According to the new decree, the digital platform will automatically process financial transactions and reporting, detecting "suspicious patterns" and generating lists of companies for verification without inspector intervention.

04.11.2025, 14:39
Economy

At the end of September, the Financial Supervisory Authority issued licenses to 18 leasing companies

According to the latest data provided by the Financial Market Regulation and Supervision Service, the number of leasing companies with licenses has significantly increased. In December 2024, there was only one organization operating in the market, which was the first to receive a license from the Financial Supervision Authority, and by the end of September 2025, their number had risen to 18. In the third quarter of 2025, 3,090 leasing agreements were registered, and the total volume of the

04.11.2025, 14:13
Economy

Kyrgyzstan and Russia Adjusted the Fuel Supply Plan for 2025

The Ministry of Energy of Kyrgyzstan has announced that an agreement has been reached with representatives of Russia regarding the revision of the indicative balance of duty-free supplies of petroleum products for the current year. According to the information from the ministry, the volume of diesel fuel supplies has been increased in accordance with the country's needs, while other types of petroleum products remain at the previous level.

04.11.2025, 14:07
Economy

In Kyrgyzstan, control over foreign operations for large businesses is being tightened

In Kyrgyzstan, there is a tightening of control over large taxpayers and tax agents, especially those interacting with foreign partners. According to new regulations, such companies are now required to disclose all their sources of income and foreign currency transactions. This information will be transmitted to the Tax Service as part of a unified system for exchanging financial data.

04.11.2025, 13:53
Economy

The Cabinet will require businesses to accept payment only by card.

The government of Kyrgyzstan has announced a new mandatory transition to cashless payments, which will be implemented as part of the tax administration reform. This decision is enshrined in the relevant decree. According to the new rules, all trading and service enterprises in cities are required to accept payments via bank cards and electronic wallets. To comply with this requirement, businesses will need to install POS terminals or connect to online payment systems.

04.11.2025, 13:28
Economy

Self-Ban on Lending. Why It Is Necessary and How to Establish It (Complete Guide)

According to information from the Ministry of Digital Development, a self-ban on lending is a free and voluntary mechanism that allows citizens to preemptively limit their ability to obtain loans and credits from financial institutions. The initiative was introduced by lawmakers and later signed by President Sadyr Japarov. This measure is aimed at protecting the rights and interests of citizens, as well as their financial independence, noted Bekhtur Aliyev, Deputy Chairman of the National Bank.

04.11.2025, 13:14
Economy

Sadyr Japarov criticized the Minister of Energy for the "Unlimited Tariff"

Sadyr Japarov expressed his dissatisfaction with the actions of the Minister of Energy of Kyrgyzstan, Talaybek Ibraev, related to the proposal from the JSC "National Electric Network of Kyrgyzstan" to switch to the "Unlimited Tariff" for electricity. This was reported by the president's press secretary, Askhat Alagozov, in his statement. In turn, the National Electric Network of Kyrgyzstan had previously announced the introduction of temporary restrictions on

04.11.2025, 12:59
Economy

How much has the maintenance of the presidential administration cost since the beginning of the year

From the beginning of January to the end of November 2025, the expenses for the activities of the President's Administration of the Kyrgyz Republic amounted to 682.1 million soms, which is lower than the planned 806.8 million soms. This data was provided as a result of an analysis of information from the "Open Budget". Of the total amount, 483.8 million soms was allocated for the salaries of permanent employees, while additional payments and compensations amounted to 255.4

04.11.2025, 12:51
Economy

Alcohol producers have increased payments to the budget of Kyrgyzstan

According to the Ministry of Finance, from January to September of the current year, the budget received 2 billion 772.2 million soms, which is equivalent to approximately $31.7 million from alcohol excise taxes. The largest amounts came from vodka sales — 1 billion 808.2 million soms, as well as from packaged beer — 710.3 million soms and cognac — 107.5 million soms.

04.11.2025, 12:48
Economy

Markets and shopping centers are required to monitor entrepreneurs and report to the State Tax Service.

In Kyrgyzstan, a new law has been adopted that significantly changes the rules of tax regulation. It introduces additional obligations for market and shopping center administrations, expands the powers of tax authorities, and implements a mechanism for a Unified Tax Account. According to the new regulation, market administrations are now required to monitor compliance with tax legislation by all entrepreneurs operating on their premises.

04.11.2025, 12:42
Kyrgyzstan Expands Honey Exports Through Online Sales
Economy

Kyrgyzstan Expands Honey Exports Through Online Sales

In Kyrgyzstan, the "Trade Facilitation" project has been launched, creating new horizons for producers of natural honey. At the National Round Table, project coordinator Saule Jumayeva spoke about how the initiative aims to develop online sales and promote Kyrgyz honey in foreign markets.

04.11.2025, 10:35
Exchange rates in commercial banks of Kyrgyzstan on November 4
Economy

Exchange rates in commercial banks of Kyrgyzstan on November 4

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

04.11.2025, 09:47
Economy

Since the beginning of the year, over 77 million soms have been received in the budget from the mining tax

According to the data from the National Statistical Committee, from January to September 2025, the budget of Kyrgyzstan received 77 million 73.5 thousand soms from the mining tax. These revenues significantly exceed the similar figures from the previous year. In comparison with the same period in 2024, when tax revenues amounted to only 38 million 163.7 thousand soms, the current figures indicate a twofold increase.

04.11.2025, 07:54
Economy

Kyrgyzstan Maintains Leadership in the EAEU in Terms of Growth in Construction Volume

Kyrgyzstan continues to hold the first place in the Eurasian Economic Union in terms of the growth rate of construction work volume. This is confirmed by data published by the Eurasian Economic Commission. From January to August 2025, the total volume of construction work in the Union countries increased by 5.2% compared to the same period last year.

04.11.2025, 07:21
Economy

Kyrgyz Tailors in a Deadlock. Deliveries of Goods to Marketplaces Are Becoming Impossible

The tightening of VAT payment controls in Russia is leading to significant delays at the border, where hundreds of trucks are waiting for inspection. Due to stricter measures from the customs service, compliance with all regulations does not guarantee timely delivery of goods. Kyrgyz entrepreneurs working on marketplaces are facing serious obstacles. At the moment, they cannot deliver their goods to warehouses in Russia, which puts the business of nearly 30,000 local sellers at risk.

03.11.2025, 18:16
Economy

How NESK Assesses the Readiness of Kyrgyzstan's Energy System for the Autumn-Winter Period

Isabek Orozbaev, a representative of NESK, stated in an interview on "Birinchi Radio" that "the energy system of Kyrgyzstan is 100% ready for the autumn-winter period." He noted that preparations for the winter season begin in the summer and continue until mid-autumn. This year, NESK completed the installation of 611 kilometers of SIP-2 cables for 0.4 kV, 143 kilometers of SIP-3 for 10 kV, 36.7 kilometers of underground cables for 10 kV, as well as 575 transformer

03.11.2025, 17:20