News about Kyrgyzstan, tourism, attractions, Kyrgyz cuisine, history, traditions, and customs
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
Government securities are gaining popularity: what attracts investors
Economy

Government securities are gaining popularity: what attracts investors

In recent years, financial instability, the rise of fraud, and new financial pyramids have forced individuals and companies to seek reliable investment options. Against this backdrop, there has been a significant increase in interest in stock market instruments. Government securities (GS), issued on the Kyrgyz Stock Exchange (KSE), are becoming one of the most sought-after and safest options. About the reasons for the growing interest in government securities and the dynamics of their market

19.11.2025, 16:26
Economy

In Osh, following Bishkek, apartment prices are decreasing

According to the data from the State Agency for Land Resources, Cadastre, Geodesy, and Cartography (GASRKGK), in October, the price per square meter in Osh decreased by 5.4% compared to September. Currently, the price of one square meter is 78,739 soms, while in September it was 83,313 soms, according to the website. For comparison, in Bishkek, the average price per square meter in October was 107,221 soms, which is 9.5% lower than the September level according to market data.

19.11.2025, 16:06
Economy

Kyrgyzstan Slowed Down Gasoline Imports in September

According to the National Statistics Committee, in September, Kyrgyzstan reduced gasoline imports by 4.5 times compared to August. In August, the import volume was 38 million 465.1 thousand liters, while in September this figure dropped to 8 million 465.1 thousand liters. In the first nine months of the current year, the republic imported 569 million 192.7 thousand liters of gasoline worth $259.6 million.

19.11.2025, 16:00
Economy

The first flight Bishkek - Astana has taken place. What is known about the airline. Interview

The first flight on the Bishkek - Astana route has taken place. It was operated by the Kazakh airline previously known as Qazaq Air. With the completion of Qazaq Air's privatization, the company has entered a new phase in the development of regional aviation. The airline now operates both interregional flights within Kazakhstan and international flights, developing a hub model centered in Astana. The editorial team of Kaktus.media spoke with the chairman of the board of Qazaq Air, Adilbek

19.11.2025, 15:58
In the Chuy Region, 30% of housing is insured
Economy / Exclusive

In the Chuy Region, 30% of housing is insured

Active work continues in the Chui region to inform the population about the rules of mandatory housing insurance. As of today, 30% of the entire housing stock in the region is insured. This information was announced by representatives of the Chui branch of the State Insurance Organization in a broadcast on Birinchi Radio. Kenzhebek Kadyrbaev, head of the retail sales sector of the branch, noted that mandatory insurance is carried out in accordance with the presidential decree and the cabinet

19.11.2025, 15:51
A new small hydropower plant has been put into operation in Batken
Economy / Exclusive

A new small hydropower plant has been put into operation in Batken

In the Batken region, in the Kadamjai district, the construction of the small hydroelectric power station "Bazarbay Ata" in the Maydanskaya rural area has been completed, as reported by the local administration. The opening was attended by Aibek Shamenov, the authorized representative of the President of the Kyrgyz Republic in the Batken region, as well as the district akim Bolotkan Bayake uulu and local residents.

19.11.2025, 15:36
The Ministry of Economic Development has launched an operational headquarters to support representatives of the textile industry
Economy / Exclusive

The Ministry of Economic Development has launched an operational headquarters to support representatives of the textile industry

In the Kyrgyz Republic, an operational headquarters of the "Kyrgyz Export" Center has begun functioning in the building of the Ministry of Economy and Commerce. This headquarters is established to quickly respond to entrepreneurs' requests and provide consulting support in the textile and garment industry. The headquarters operates on the first floor of the ministry, functioning daily from 9:00 AM to 7:00 PM, without weekends. Representatives of the textile industry can seek

19.11.2025, 15:07
The Second Stage of Tax Service Reforms: How the KEZET System Will Replace Inspectors
Economy

The Second Stage of Tax Service Reforms: How the KEZET System Will Replace Inspectors

Photo from the internet. Almambet Shykmamatov, Chairman of the Tax Service A year ago, the President of Kyrgyzstan set a priority — to simplify tax procedures for entrepreneurs while finding a balance between the interests of business and the state. Almambet Shykmamatov, who heads the Tax Service, shared information about achievements and upcoming reforms. First stage of reforms: simplification of processes

19.11.2025, 14:12
Economy / Exclusive

20 new enterprises plan to open by the end of the year in the Jalal-Abad region

This year, the Jalal-Abad region plans to create 20 new industrial facilities. Currently, 11 of them have already been put into operation. This was reported by Nurlan Ermatov, the First Deputy Plenipotentiary Representative of the President, at a meeting dedicated to analyzing the socio-economic development of the region for the first nine months. He noted that three new facilities are expected to be launched in November, another four will be opened by the end of the current year, and two more

19.11.2025, 14:05
Economy

Taalaybek Ibraev: The President instructed to reduce the volumes of electricity imports

The Minister of Energy Talaybek Ibraev announced on his Facebook page that there is no expected electricity shortage in Kyrgyzstan. He urged the population to consume resources wisely. According to him, during the winter period, as in previous years, the country will import electricity from neighboring states at a price of 3 soms, while the population will be provided with it at a tariff of 1 som 37 tyiyns. The difference in cost will once again result in debt for the JSC "National

19.11.2025, 13:58
Economy

The operational headquarters for supporting the light industry has begun work at the Ministry of Economic Development.

An operational headquarters has begun its activities at the Ministry of Economy and Commerce, established within the framework of the "Kyrgyz Export" center. Its main task is to respond promptly to entrepreneurs' requests and provide comprehensive consulting assistance for enterprises in the sewing and textile industry. This was reported by the ministry's press service. The headquarters is located on the first floor of the ministry building and operates daily from 9:00 AM to

19.11.2025, 13:57
Economy

The GNS explained who will have their insurance contribution debts written off

The State Tax Service of the Kyrgyz Republic informs that according to the Law of the KR, adopted on October 29, 2025, there are plans to write off debts related to penalties, fines, and financial sanctions associated with insurance contributions. In particular, for payers of insurance contributions for state social insurance, the tax authorities will carry out the write-off:

19.11.2025, 13:51
Economy

Bloomberg: LUKOIL Wants to Sell Foreign Assets as a Single Package

According to information provided by Bloomberg, among the potential buyers of LUKOIL's assets outside of Russia are companies such as Exxon Mobil Corp., Abu Dhabi National Oil Co., and Carlyle Group. The source reports that the Russian oil company intends to sell its foreign assets as a single package, which creates challenges, as some interested parties would prefer to acquire them separately. Experts believe that LUKOIL's stance may lead to a "two-stage process" of sale.

19.11.2025, 13:48
The Minister of Economy presented the National Development Program of the Kyrgyz Republic until 2030
Economy

The Minister of Economy presented the National Development Program of the Kyrgyz Republic until 2030

Photo by the Press Service of the Ministry of Economy At the business forum of CAREC, the Minister of Economy and Commerce, Bakyt Sydykov, presented the key directions of the National Development Program of Kyrgyzstan, which is planned until 2030. He highlighted the main goals and objectives of this document for the participants of the event. According to the minister, the stable growth of the country's economy is ensured by a sound investment policy and the implementation of large

19.11.2025, 13:42
Economy

The revenues of "Kumtor" exceeded the plan by almost 25 billion soms in 10 months

According to information from the press service of CJSC "Kumtor Gold Company," during the first ten months of 2025, the company was able to earn 80 billion soms, while expectations were 55.1 billion soms. The company's net profit for the specified period amounted to 36 billion 900 million soms, which significantly exceeds the planned 13 billion 373 million soms.

19.11.2025, 13:28
Bakyt Sydykov spoke to the participants of the CARSE Forum about the main directions of the National Program-2030.
Economy / Exclusive

Bakyt Sydykov spoke to the participants of the CARSE Forum about the main directions of the National Program-2030.

The business forum of the Central Asian Regional Economic Cooperation (CAREC) is taking place in Bishkek. The agenda focuses on developing Kyrgyzstan's potential in the region. The Minister of Economy and Commerce, Bakyt Sydykov, delivered a detailed overview of the country's current economic indicators and presented the main goals and objectives of the National Development Program until 2030 to the forum participants.

19.11.2025, 13:19
Economy

Will Prices Continue to Rise? What is Happening with Kyrgyzstan's Economy

The gross domestic product (GDP) shows impressive growth. How do the authorities explain the positive dynamics in the economy of Kyrgyzstan? Maintaining Growth RatesFrom January to October, the country's GDP amounted to 1 trillion 427.4 million soms, which corresponds to an increase of 10% compared to the same period last year, similar to the figures from the previous month.

19.11.2025, 13:03
Sydykov: $1.65 billion is needed for the development of the transport sector in the KR
Economy

Sydykov: $1.65 billion is needed for the development of the transport sector in the KR

Photo courtesy of the Ministry of Economy At the business forum of the Central Asian Regional Economic Cooperation (CAREC), the Minister of Economy and Commerce, Bakyt Sydykov, emphasized that the creation of a logistics hub is one of the priority areas within the framework of the National Development Program of Kyrgyzstan until 2030, according to information from the ministry's press service. The minister reported that in 2024, investments in the transport sector are planned to reach

19.11.2025, 13:02
Materials on violations in state property have been submitted to the prosecutor's office and the GKNB.
Economy

Materials on violations in state property have been submitted to the prosecutor's office and the GKNB.

As a result of an audit conducted by the Accounts Chamber of Kyrgyzstan, numerous violations of financial discipline were discovered in the State Agency for Management of State Property for the year 2024, totaling 948.4 million soms. Materials related to these violations have been sent to the General Prosecutor's Office and the State Committee for National Security for further legal assessment.

19.11.2025, 12:48
Economy

When will Kyrgyzstan stop buying electricity, said the head of the Ministry of Energy

The Minister of Energy, Talaybek Ibraev, stated on his Facebook page that Kyrgyzstan will not face a shortage of electricity. He emphasized that the population should use electricity rationally. According to him, as in previous winter seasons, the republic will import electricity from neighboring countries at a price of 3 soms per kilowatt, while the tariff for the population will be 1 som 37 tyiyns.

19.11.2025, 12:31
In the first half of the year, 159,000 jobs were created in Kyrgyzstan
Economy / Exclusive

In the first half of the year, 159,000 jobs were created in Kyrgyzstan

In the first six months of 2025, 159,000 new jobs were created in Kyrgyzstan, which corresponds to an increase of 2.9 times compared to the same period of the previous year. This information was announced by the Chairman of the Cabinet of Ministers and Head of the President's Administration, Adylbek Kasymaliev, at a business forum dedicated to Central Asian Regional Economic Cooperation (CAREC): Developing the Regional Potential of the Kyrgyz Republic. He also noted that in the first ten

19.11.2025, 12:21
The Economy of Kyrgyzstan Grows Above 9% for the Fourth Year - Kasymaliev
Economy / Exclusive

The Economy of Kyrgyzstan Grows Above 9% for the Fourth Year - Kasymaliev

For four years, Kyrgyzstan's economy has shown impressive growth rates exceeding 9%. This was reported by Adylbek Kasymaliev, the Chairman of the Cabinet of Ministers and Head of the Presidential Administration, during a business forum within the framework of Central Asian Regional Economic Cooperation (CAREC), dedicated to the development of the country's potential. Kasymaliev noted that in the first ten months of 2025, the growth of the Gross Domestic Product (GDP) reached 10%. In

19.11.2025, 12:00
Ibraev: There Will Be No Electricity Shortage in Winter, but It Is Necessary to Save
Economy / Exclusive

Ibraev: There Will Be No Electricity Shortage in Winter, but It Is Necessary to Save

The Minister of Energy, Talaybek Ibraev, stated that Kyrgyzstan will not face an electricity shortage during the winter period. However, he emphasized the importance of rational resource use. “As in previous winters, we will purchase electricity from neighboring countries at a price of 3 soms, while it will be supplied to the population at a tariff of 1 som and 37 tyiyns,” Ibraev noted.

19.11.2025, 11:56
Kyrgyzstan will increase cargo transportation volume to 110 million tons by 2030 — Sydykov
Economy / Exclusive

Kyrgyzstan will increase cargo transportation volume to 110 million tons by 2030 — Sydykov

Currently, the second day of the Central Asian Regional Economic Cooperation (CAREC) business forum is taking place in Bishkek. The Minister of Economy and Commerce of Kyrgyzstan, Bakyt Sydykov, served as the keynote speaker, emphasizing that the creation of a logistics hub is an important direction in the implementation of the National Development Program of the country until 2030. Sydykov noted that in 2024, it is planned to attract about 200 million US dollars to the transport sector.

19.11.2025, 11:05
Kasymaiev named the key advantages of Kyrgyzstan for business development
Economy / Exclusive

Kasymaiev named the key advantages of Kyrgyzstan for business development

The Chairman of the Cabinet of Ministers and Head of the Presidential Administration, Adylbek Kasymaliev, spoke at a business forum dedicated to Central Asian Regional Economic Cooperation (CAREC), where the potential for the development of Kyrgyzstan was discussed. He noted that the country's strategic geographical location, situated between the largest markets in the region, as well as its young population, which forms the basis of the labor force, create favorable conditions for

19.11.2025, 10:47
In Balakchy, the construction of a solar power plant is planned
Economy

In Balakchy, the construction of a solar power plant is planned

Recently, the director of the National Investment Agency under the President of the Kyrgyz Republic, Ravshanbek Sabirov, held a meeting with a delegation consisting of representatives from the Netherlands, Turkey, and the USA. During the meeting, two significant investment projects related to green energy and agrotechnologies were presented. The delegation was headed by Yuzhel Akdeniz, president of the Public Foundation "Kyrgyz Green Infrastructure Fund." During the discussion, the

19.11.2025, 10:21
Economy

Debts of Insurance Contribution Payers Will Be Written Off

In accordance with the message from the Tax Service of the Kyrgyz Republic, according to the Law adopted on October 29, 2025, there will be a write-off of debts related to fines, penalties, and financial sanctions associated with insurance contributions. Specifically, for payers of insurance contributions for state social insurance, the following conditions are provided:

19.11.2025, 10:10
Mining in Kyrgyzstan: a Threat to Energy or an Opportunity for the Economy?
Economy

Mining in Kyrgyzstan: a Threat to Energy or an Opportunity for the Economy?

The discussions around mining farms in Kyrgyzstan have been ongoing for several years. For some, it symbolizes a new digital era, new jobs, and investments; for others, it poses a threat of overloading power lines and an additional risk to the already vulnerable energy system of the country. However, the reality is much more complex: mining can both threaten and provide opportunities, and this largely depends on the choices made by the government.

19.11.2025, 10:09
Economy

In Kyrgyzstan, funding based on Islamic principles increased by 82.4 percent

As of September 30, 2025, there were 21 commercial banks and 305 of their branches operating in the Kyrgyz Republic, according to information provided by the country's National Bank. Since the beginning of the current year, the total assets of the banking sector have increased by 38 percent, reaching 1,125.8 billion soms.

19.11.2025, 09:39
Melis Satarov Elected New Head of the National Alliance of Business Associations
Economy

Melis Satarov Elected New Head of the National Alliance of Business Associations

The National Alliance of Business Associations (NABA), which unites 87 entrepreneurial organizations in the country, held its annual reporting meeting, during which Melis Satarov, president of the Union of Entrepreneurs of Kyrgyzstan, was elected as the new leader of the alliance. This information was announced by representatives of the organization. Photo NABA. Melis Satarov has headed the National Alliance of Business Associations The organization noted that the election of Melis Satarov to

19.11.2025, 09:23
Currency exchange rates in commercial banks of Kyrgyzstan on November 19
Economy

Currency exchange rates in commercial banks of Kyrgyzstan on November 19

Information was collected from the websites of various commercial banks. If you have any questions regarding the presented data, it is recommended to contact the banks directly. The exchange rates are current as of the time of publication and pertain to cash currency exchange. They may change throughout the day.

19.11.2025, 09:13
In Kyrgyzstan, the fourth hydro unit of the Toktogul HPP has been put into operation
Economy

In Kyrgyzstan, the fourth hydro unit of the Toktogul HPP has been put into operation

Photo 24.kg. Machine hall of the Toktogul HPP The press service of the Ministry of Energy of Kyrgyzstan reported the commissioning of the fourth hydro unit of the Toktogul HPP. According to the ministry, the reconstruction work has been successfully completed. Energy Minister Talaybek Ibraev officially launched the upgraded unit, as well as the second hydro unit of the Uch-Kurgan HPP.

19.11.2025, 08:54