Economy

In Kyrgyzstan, 50 million USDKG tokens backed by gold have been issued

Photo by the Administration of the President of the Kyrgyz Republic. 50 million USDKG tokens have been launched in Kyrgyzstan The official launch ceremony of the first issuance of the national stablecoin USDKG took place with the participation of President Sadyr Japarov. This digital token, backed by physical gold and pegged to the US dollar, was presented by the president's press service. During the event, participants pressed the "Launch Emission" button, thereby initiating

20.11.2025, 16:38

Economy / Exclusive

All energy facilities are ready for winter – Torobaev

Bakyt Torobaev, Deputy Chairman of the Cabinet of Ministers and Minister of Water Resources, Agriculture, and Processing Industry, shared information on how various sectors of the economy and the population were prepared for the autumn-winter period of 2025–2026. According to him, additional monitoring was conducted by state and local authorities, as well as energy companies. All planned activities for winter preparation have been fully completed.

20.11.2025, 16:15

Economy / Exclusive

Real Estate Market: Which Properties Increased in Price in Bishkek in October

In October of this year, changes in average prices for major categories of real estate are observed in Bishkek. This data was provided by the State Agency for Land Resources, Cadastre, Geodesy, and Cartography. Average real estate prices in Bishkek for October:

20.11.2025, 16:10

Economy

The U.S. Treasury Department has imposed secondary sanctions against a company from Uzbekistan

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has updated its sanctions list, adding the Uzbek company Datavice MCHJ. The new measures were introduced in response to the company's alleged connections with the Russian Aeza Group, which has previously been sanctioned. According to U.S. authorities, Datavice MCHJ is suspected of providing hosting services to cybercriminals who carry out attacks on targets in the U.S. and other countries. There are also

20.11.2025, 14:42

Economy

Kyrgyzstan — an alternative bridge between Western China and the EAEU, says expert

With the onset of the special military operation, global logistics has undergone significant changes. As a result, Russia is redirecting its foreign trade flows towards eastern directions and strengthening the importance of land routes connecting it with China. This was stated by Nikita Filin, Dean of the Faculty of Oriental Studies and African Studies at the Institute of Eurasian and Eastern Studies of RGGU and Doctor of Historical Sciences, at the I International Scientific and Expert Forum

20.11.2025, 14:37

Economy / Exclusive

Prices for coal checked at sales points in the city of Tokmok

A joint inspection by the mayor's office and the Antimonopoly Service was conducted in Tokmok at coal sales points and warehouses. According to information from local authorities, no violations of the law were found during the raid. Experts conducted explanatory work, explaining the necessity of adhering to legal norms and maintaining stable prices for goods. Such activities will continue in the future.

20.11.2025, 13:59

Economy

Askar Sydykov: The Kyrgyz Republic Should Leverage Interest in the CA for Logistics Development

Askar Sydykov, head of the International Business Council (IBC), spoke at the CAREC business forum taking place in Bishkek. He noted that Kyrgyzstan should actively leverage the growing interest in Central Asia to attract investments, particularly within the framework of the initiative to create a "Central Asian Regional Logistics Hub." Sydykov emphasized that the current situation presents unique opportunities that must be wisely utilized.

20.11.2025, 13:52

Economy

Minvodselprom is looking for champions among farmers

In Kyrgyzstan, preparations are starting for the annual forum "Agrodialog," which will take place in 2026. The event invites 40 expert farmers from different regions of the country: 20 in the field of crop production and 20 in livestock. The relevant information was disseminated by the press service of the Ministry of Water Management and Agriculture of the Kyrgyz Republic. The main goal of the forum is to exchange experiences among specialists in grain crops, technical plants, as

20.11.2025, 13:35

Economy

Farhad Asif: "Kyrgyzstan Can Become a Hub - If There Is Political Will"

Dr. Asif, the owner of a magazine in Pakistan, who works at a major research institute for peace and is the mother of two teenagers, visited Kyrgyzstan for the first time. Although she dreamed of seeing snow in the mountains, her tight schedule did not allow her to leave the city. Nevertheless, Dr. Asif hopes for a return visit to get to know the natural beauty of the country better.

20.11.2025, 13:31

Economy / Exclusive

In Naryn Region, industrial production amounted to nearly 11 billion soms over 9 months

Over nine months, the total value of industrial production in the Naryn region amounted to 10 billion 701 million soms. This was reported at a meeting of the board where the results for the specified period were discussed. According to the information, this figure increased by 6 billion 735 million soms compared to the same period last year.

20.11.2025, 13:18

Economy

Exchange rates at the Moscow City Council on the morning of November 20. How much is the dollar?

As of the morning of November 20, the exchange rates for foreign currency at the Moskovsky Soviet exchange offices are as follows:

20.11.2025, 12:54

Economy / Exclusive

The Ministry of Agriculture explained what affects food prices in Kyrgyzstan

Uran Chekirbaev, head of the food security department of the Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic, discussed numerous factors affecting the pricing of socially significant products in an interview on Birinchi Radio. He also touched upon the level of food security in the country. According to him, price increases are observed not only for staple products. Chekirbaev noted that the economic situation should be assessed as a whole — the

20.11.2025, 12:29

Economy / Exclusive

Tire Recycling in Tokmok Will Allow Enterprises and Importers to Reduce Costs

The tire recycling plant located in Tokmok and a branch of the closed joint-stock company "Kumtor Gold Company" has successfully obtained a license for the disposal and recycling of automotive tires. According to information from the company, the license was issued by the Ministry of Natural Resources, Ecology, and Technical Supervision, allowing the enterprise to provide paid services for the disposal of tire waste.

20.11.2025, 12:22

Economy

Trade turnover of up to $2 billion — the goal of Kyrgyz-Uzbek cooperation

Photo by the press service of the Ministry of Economy In Bishkek, at the CAREC business forum, the Minister of Economy and Commerce of the Kyrgyz Republic, Bakyt Sydykov, met with Laziz Kudratov, the Minister of Investments, Industry, and Trade of Uzbekistan. During this meeting, the current state and prospects for the development of trade and economic relations between the two countries were discussed, as reported by the press service of the Ministry of Economy. One of the key issues was

20.11.2025, 12:16

Economy

The ambassador spoke about the expansion of contacts between the business circles of Kyrgyzstan and Belarus.

Erbol Sultanbaev, the Extraordinary and Plenipotentiary Ambassador of the Kyrgyz Republic to Belarus, shared with the state information agency "BelTA" about the current state and prospects of cooperation between the two countries in various fields. According to him, in recent years there has been a positive trend in trade and economic relations. In 2022, the trade turnover amounted to approximately $133 million.

20.11.2025, 12:10

Economy

Exchange rates in commercial banks of Kyrgyzstan as of November 20

The National Bank of Kyrgyzstan has presented the foreign exchange rates for November 20: The dollar is worth 87.50 soms, the euro — 101.1 soms, and the ruble — 1.8 soms.

20.11.2025, 12:05

Economy

Export to Russia: New Requirements Explained to Kyrgyzstan's Tailors

A practical seminar was held at the Kyrgyz Ministry of Economy and Commerce, organized in collaboration with business associations. At the event, sewing companies received clarifications on issues related to taxation, accounting, certification, and labeling of goods, as reported by the ministry's press service. Specialists from the State Tax Service provided information on tax regimes, requirements for accounting raw materials, semi-finished products, and finished goods, as well as the

20.11.2025, 11:48

Economy

"The 'Dagestan' Scheme for Selling Cars from Kyrgyzstan Gains Momentum in Russia"

In recent days, the so-called "Dagestani" scheme for selling cars originating from Kyrgyzstan has become increasingly popular in Russia. This is reported by Autonews.ru. Illustrative photo

20.11.2025, 11:42

Economy

For Violating Import Rules into the EAEU Territory, It Is Proposed to Increase Fines

The Ministry of Economy and Commerce of Kyrgyzstan has initiated a proposal to increase fines for violations of the rules for importing goods into the territory of the EAEU. The agency has developed amendments to several legislative acts in the field of tax administration, which are now undergoing public discussion. If the changes are adopted, fines for importing goods without the necessary documents from the EAEU into Kyrgyzstan may be doubled.

20.11.2025, 11:28

Economy / Exclusive

The Ministry of Economic Development spoke about measures to curb prices on socially significant goods

On the air of Birinchi Radio, the head of the pricing sector of the Antimonopoly, Competitive Policy and Pricing Department of the Ministry of Economy and Commerce of the Kyrgyz Republic, Nazina Alykulova, shared information about the list of essential goods and measures aimed at curbing prices in the domestic market. She noted that in accordance with the resolution of the Cabinet of Ministers, a list of 16 socially significant goods was approved, for which temporary price regulation is

20.11.2025, 11:23

Economy

No Pork. "Rikha" Products Fully Comply with Halal Standards

The company "Riha" is accused of having pork in its products, based on the results of a private laboratory study. This information has sparked a wave of discussions on social media and raised concerns among consumers. Kaktus.media visited the production facilities of "Riha" to see the manufacturing and quality control processes.

20.11.2025, 11:21

Economy / Exclusive

A Seminar on Taxes, Accounting, and Market Entry in the EAEU for Tailors Was Held at the Ministry of Economic Development

A practical seminar was held at the Ministry of Economy and Commerce, organized in collaboration with business associations, aimed at supporting sewing enterprises. Participants were provided with explanations on taxation, accounting, and product certification. According to information from the ministry, specialists from the Tax Service provided clarifications on the main aspects of tax administration. The seminar program discussed the current tax regimes, rules for accounting raw materials

20.11.2025, 11:17

Economy

Zhen Wu on ADB Loans and Why Kyrgyzstan Could Become an Energy Hub

Photo ADB: Director of the Asian Development Bank for the Kyrgyz Republic In an interview with 24.kg, Jeng Wu, the director of the Asian Development Bank (ADB) for Kyrgyzstan, discussed the future of financial assistance to the republic following the bank's reforms. He noted that Bishkek has a unique opportunity to become the energy center of Central Asia. Financial Support from ADB — How long has ADB been cooperating with Kyrgyzstan and what is the amount of support?

20.11.2025, 11:14

Economy / Exclusive

Taxis without a license and with a right-hand drive will not be able to operate from December 1st.

In Kyrgyzstan, from December 1, checks for the presence of licenses among taxi services will begin, as reported by the State Traffic Safety Inspectorate (GUOBDD). According to the agency's information, in accordance with legislative norms, taxis equipped with right-hand drive will be deprived of the right to operate.

20.11.2025, 11:06

Economy

Transit of new passenger cars through Kyrgyzstan to Russia decreased by 52.5 percent

This year, there has been a significant reduction in the transit of new passenger cars through Kyrgyzstan to Russia — by 52.5 percent. This information was published on his Telegram channel by Sergey Tselikov, the director of the agency "Autostat." According to his data, the total import of new passenger cars decreased by 64 percent. In the first ten months of 2025, 290 thousand new cars were imported into Russia, which is 64 percent lower than in the same period of the previous year.

20.11.2025, 11:06

Economy

An Operational Headquarters for Supporting the Textile Industry Has Been Established in the Ministry of Economy of the Kyrgyz Republic

The operational headquarters of the "Kyrgyz Export" Center has been established at the Ministry of Economy and Commerce of the Kyrgyz Republic. This headquarters has been created to respond promptly to the requests of entrepreneurs and provide comprehensive consulting support to companies operating in the sewing and textile sectors, as reported by the ministry's press service.

20.11.2025, 11:02

Economy

Exchange rates in commercial banks of Kyrgyzstan as of November 20

Information about currency exchange rates was collected from the websites of various 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 pertain to cash currency exchange and may change throughout the day.

20.11.2025, 10:54

Economy

Adylbek Kasymaliev: Kyrgyzstan is Ready to Become a Regional Hub within CAREC

Photo by the press service of the Cabinet At the recent 24th ministerial conference of CAREC, the head of the Cabinet of Ministers of the Kyrgyz Republic, Adylbek Kasymaliev, announced the country's intention to strengthen regional ties, develop trade, and modernize transport infrastructure. This was reported by the government press service. He emphasized that CAREC is an effective tool for enhancing interconnections in the region, supporting trade and investment, as well as accelerating

20.11.2025, 10:37

Economy

In Kyrgyzstan, the number of permits for businesses will be halved.

The Ministry of Justice of Kyrgyzstan has announced the launch of one of the key stages in the process of debureaucratization, which involves a sharp reduction in the number of permits required for businesses by 55-60%.

20.11.2025, 10:02

Economy / Exclusive

The Ministry of Finance and the IMF Mission Discussed Budget and Tax Reforms and Economic Trends

A meeting took place at the Ministry of Finance between Finance Minister Almaz Baketaev and the head of the International Monetary Fund (IMF) mission, Dmitry Gershensson. During the discussion, current economic trends were reviewed, as well as important aspects of tax and budget policy and plans for its further development. IMF representatives noted positive changes in the country's macroeconomic situation, emphasizing successes in budgetary and tax policy and the growth of the

20.11.2025, 09:58

Economy / Exclusive

Kyrgyzstan and Uzbekistan intend to increase mutual trade to $2 billion

During the business forum of CAREC in Bishkek, the Minister of Economy and Commerce of Kyrgyzstan, Bakyt Sydykov, met with the Minister of Investments, Industry, and Trade of Uzbekistan, Laziz Kudratov. During the meeting, they discussed the current state and future of Kyrgyz-Uzbek economic cooperation. The main focus was on achieving the goal set by the leaders of the two countries — to increase the volume of mutual trade to 2 billion US dollars.

20.11.2025, 09:35

Economy

The Ministry of Agriculture and the Russian Federation of Agricultural Producers Held Negotiations on Cooperation

In the Kyrgyz Ministry of Water Resources, Agriculture, and Processing Industry (MVSHP), a consultative meeting was held, attended by representatives of the ministry and the Russian-Kyrgyz Development Fund (RKDF). The event took place in the small hall of the agency, as reported by the press service of the Ministry of Agriculture.

20.11.2025, 09:05

Economy

China Introduces Export Restrictions on Cars Starting January 1, 2026

Starting January 1, 2026, China will introduce new rules regarding the export of cars. These restrictions will affect new vehicles that may be exported under the guise of used ones. According to experts and importers, this will lead to an increase in prices for such cars in the Russian market, as well as extended delivery times to the country. More detailed information can be found in the article by "Izvestia".

20.11.2025, 09:03

Economy

The som has depreciated against all major currencies except the euro. Exchange rate as of November 20.

Photo from the internet. The dollar, after a slight decrease, has stabilized again at 85.46 soms According to data provided by the National Bank of Kyrgyzstan and exchange points in Bishkek, there is an increase in the exchange rates of the US dollar, Russian ruble, Kazakh tenge, and Chinese yuan, while the euro continues to decline. US Dollar Exchange Rate:

20.11.2025, 08:55

Economy

KR proposes to create a Central Asian Guarantee Fund with an office in Bishkek

At a meeting with the delegation of the Asian Development Bank (ADB), led by President Masato Kanda, the Minister of Finance of Kyrgyzstan, Almaz Baketaev, proposed the establishment of a Central Asian Guarantee Fund in Bishkek. This information was announced by the ministry's press service. During the discussion, new financial conditions for ADB support to Kyrgyzstan and prospects for further cooperation were also considered.

20.11.2025, 08:23

Economy

OAO "Kyrgyzkomur" Will Purchase Fuel for 62 Million Som

OJSC "Kyrgyzkomur" announced its intention to purchase fuel worth 62.19 million soms, according to information published on the official government procurement portal. As part of the tender, the company is looking for suppliers of winter diesel fuel and AI-92 gasoline.

20.11.2025, 08:10

Economy

Foreign Capital in Kyrgyzstan: What Foreign Business Lives by in the Country

According to the latest annual report from the National Statistical Committee, published on October 31, 2025, the number of companies with foreign capital in Kyrgyzstan increased to 5,724 in 2024. This is 70% more compared to 2020 and 30% higher than the level in 2023. Of these, 73.6% are fully owned by foreign owners. The majority of foreign investors in Kyrgyzstan are companies from CIS countries. In 2024, 56.4% of enterprises with foreign participation had partners from these countries (a

20.11.2025, 07:32

Economy

Sewers of Kyrgyzstan were told how to promote their products on marketplaces

Photo courtesy of the Ministry of Economy Recently, a meeting organized by the "Kyrgyz Export" Center took place in Kyrgyzstan, where the issues faced by sewing and textile companies were discussed. The press service of the Ministry of Economy shared information about this event. Meeting participants noted that tailors face certain difficulties when trying to enter the Russian market, as well as when integrating into the Wildberries marketplace.

19.11.2025, 23:24

Economy / Exclusive

New Agreements in Tourism and E-commerce Signed at the CARES Business Forum

During the business forum of the Central Asian Regional Economic Cooperation (CAREC), which is taking place today, two important memoranda were signed. These documents pertain to cooperation in the fields of tourism and e-commerce, as reported by the Ministry of Economy. Agreement between tourism companies of Kyrgyzstan and Tajikistan

19.11.2025, 19:05

Economy

A new pumping station has started operating in Bishkek

The grand opening of Pumping Station No. 3 took place in Bishkek. This project aims to improve the operation of the main heating networks and enhance the reliability of heat supply for residents in the central and western districts of the city. The symbolic start button was pressed by Mayor Aybek Junushaliev, Minister Talaybek Ibraev, and Chairman of the BGK Bekzhan Usenaliev, as reported by the press service of the mayor's office. Photo by the press service of the Bishkek mayor's

19.11.2025, 18:01

Economy / Exclusive

Home Insurance: What Documents Are Needed and What Payments Are Provided

On the air of Birinchi Radio, experts from the Chui branch of the State Insurance Organization OJSC discussed the rates, conditions, and process of obtaining both mandatory and voluntary home insurance in the region. Leading specialist Elina Umuraliyeva noted that to obtain mandatory home insurance (MHI), it is necessary to provide a technical passport and the owner's passport.

19.11.2025, 17:14

Economy / Exclusive

Discussed barriers for Kyrgyz sewing products when exporting to Russia

As part of the dialogue platform organized by the "Kyrgyz Export" Center in the building of the Ministry of Economy and Commerce, a discussion was held on the problems faced by sewing and textile companies. Representatives from organizations such as the State Tax Service of the Kyrgyz Republic, the Bishkek Center for Standardization and Metrology, JSC "Alpha Telecom," as well as the Chamber of Commerce and various industry associations were also present at the event.

19.11.2025, 17:07

Economy

What is being done in the Kyrgyz Republic to curb prices on socially significant goods

Nazina Alykulova, head of the pricing sector of the antimonopoly policy and pricing department of the Ministry of Economy and Commerce of Kyrgyzstan, spoke on the "Birinchi Radio" program about actions aimed at slowing down the rise in prices for socially significant goods. According to her, the list of such goods was approved on September 8, 2023, by a resolution of the Cabinet of Ministers. Within this framework, temporary state price regulation may be introduced for these goods on

19.11.2025, 17:06

Economy

Reviews of Globalreachout.com: What Traders Are Saying

In social networks, there is an active discussion about the platform globalreachouttech, where users share their opinions, questioning how much they can trust this service. Among the comments, there are also accusations, such as the claim that "globalreachout.com is a scam." However, the expert analysis conducted indicates the opposite. The investigation of the website, its operating conditions, licenses, and real customer reviews confirms that the trading platform globalreachout.com

19.11.2025, 17:04

Economy

Kyrgyzstan has started importing sunflower oil at higher prices

According to data provided by the National Statistical Committee, the price of sunflower oil imported into Kyrgyzstan increased from January to September of this year. In the nine months of 2023, the country received 30.3 thousand tons of sunflower oil, which is 1.3% less compared to the same period last year.

19.11.2025, 16:52

Economy

Kyrgyzstan entered the top 5 countries in the world for real economic growth

On November 19, at the business forum of the Central Asian Regional Economic Cooperation in Bishkek, Prime Minister Adylbek Kasymaliev stated that "according to the International Monetary Fund, Kyrgyzstan is among the top 5 countries in terms of real GDP growth rates in 2024." He highlighted that the main factors contributing to this growth are construction, industry, and the service sector. These areas are supported by domestic demand, investments, and significant infrastructure

19.11.2025, 16:40

Economy

Almambet Shykmamatov: The Tax Service Will Begin the Second Stage of Reforms from the New Year

In Kyrgyzstan, at the direction of President Sadyr Japarov, a year ago, the process of significant reforms in the field of taxation was initiated. The head of the State Tax Service, Alambet Shykmamatov, emphasized that the goal of these reforms is to simplify tax procedures for entrepreneurs, while it is important to maintain a balance between the interests of business and the state. According to him, the completion of the first stage of reforms is characterized by several important changes:

19.11.2025, 16:36

Economy

Kasymaiev: The consolidated budget of Kyrgyzstan will reach 1 trillion soms by the end of the year

On November 19, at a business forum dedicated to Central Asian regional economic cooperation in Bishkek, Prime Minister Adylbek Kasymaliev announced that by 2025, the consolidated budget of Kyrgyzstan should amount to 1 trillion soms. In addition, he added that in the first ten months of the current year, the volume of investments in fixed capital increased by 18.9% compared to the same period last year.

19.11.2025, 16:26