Economy

"Lukoil Announces Sale of Its Foreign Assets Due to Sanctions Imposed"

In connection with the introduction of international sanctions against "Lukoil," the company announced its intention to sell its foreign assets. This statement was made by the company's press service, which clarified that this decision was a consequence of the restrictive measures imposed by several states. According to the press release, "Lukoil" plans to sell its assets in accordance with the OFAC license — the Office of Foreign Assets Control of the U.S. Department

28.10.2025, 11:22

Economy / Exclusive

In Kyrgyzstan, the cultivation of oranges, tangerines, and kumquats has increased.

The Ministry of Agriculture of Kyrgyzstan has reported a significant increase in citrus production in the country. In particular, in recent years, mandarins, oranges, lemons, and kumquats have become popular. Thus, in 2023, 3,929 tons of citrus were harvested from an area of 801 hectares, while in 2024, the yield already reached 4,839 tons from an expanded area of 1,058 hectares.

28.10.2025, 11:13

Economy / Exclusive

The price of sugar has collapsed to a multi-year low

The recent drop in sugar prices to 14.47 cents per pound (which is just under half a kilogram) has resulted from stable production and the impact of advancements in weight loss medications, as reported by Reuters citing brokers. According to information published in the report, the significant price decline is also linked to the forecast from the well-known Brazilian consulting company Datagro. Last week, they estimated a global sugar surplus of 1.98 million tons for the 2025/26 season,

28.10.2025, 11:05

Economy / Exclusive

EADB to finance the construction of a 500 kW substation in Balıkçı

A 500 kW substation is planned to be built in Balakchy, as reported by the Minister of Energy of Kyrgyzstan, Talaybek Ibraev, on the air of Birinchi Radio. According to him, the Eurasian Development Bank (EABR) conducted thorough research for a year before making the decision to finance this project. The minister noted that the bank's ecologists paid special attention to environmental protection issues. "Europeans take ecology very seriously. They studied what birds inhabit this

28.10.2025, 11:04

Economy

Ruble is Rising. Exchange Rates in Commercial Banks on October 28

The National Bank of Kyrgyzstan has presented the exchange rates for foreign currencies as of October 28: The dollar exchange rate remains unchanged, while the euro and ruble continue to rise in price.

28.10.2025, 10:27

Economy

API error: HTTP 429

API error: HTTP 429

28.10.2025, 08:28

Economy

API error: HTTP 429

API error: HTTP 429

28.10.2025, 08:28

Economy

Kyrgyzstan entered the top 20 in the number of cars imported from China

According to the General Administration of Customs of China, Kyrgyzstan ranked 20th in the number of cars imported from China. This information demonstrates the growing interest in Chinese cars in the country. From January to September of this year, the value of passenger car imports to Kyrgyzstan amounted to 1.5 billion US dollars.

28.10.2025, 08:17

Economy

The Ministry of Finance's Participation in the Charter Capital of OJSC "Kyrgyz Post" Has Increased

The Ministry of Finance has increased its share in the authorized capital of OJSC "Kyrgyz Post" from 14.61% to 17.11%. This became known thanks to information posted on the website of the Kyrgyz Stock Exchange. According to the data, the number of shares owned by the ministry increased from 791,743 thousand to 954,882 thousand. In monetary terms, this means an increase in investments from 395.9 million to 477.4 million soms.

28.10.2025, 08:06

Economy / Exclusive

Currency exchange rates for October 28

On October 28, 2025, the National Bank published the official exchange rates. Compared to the data from October 25, there are slight fluctuations in the values of some currencies.

28.10.2025, 08:02

Economy

API error: HTTP 429

API error: HTTP 429

28.10.2025, 08:02

Economy

In the EAEU, Russia's proposal to increase import duties on clothing is being discussed.

The Eurasian Economic Commission has begun analyzing proposals received from the Ministry of Economic Development of Russia regarding the increase of tariffs on clothing imported from third countries into the EAEU territory. Russian authorities intend to raise tariffs on 80 categories of light industry goods.

28.10.2025, 07:35

Economy

A campaign for World Savings Day has started in Kyrgyzstan

Since 2015, this initiative has been implemented in Kyrgyzstan The campaign "World Savings Day" will launch in Kyrgyzstan on October 27, 2025, according to information provided by the National Bank of the Kyrgyz Republic.

27.10.2025, 20:40

Economy

Turkey will create technoparks and industrial zones in Kyrgyzstan

The parties agreed on directions for joint work in the field of technology and industry On October 24, the second meeting of the ministers of industry, science, technology, and innovation of the CIS countries took place in Baku. As part of this event, a bilateral meeting was held between the Minister of Economy and Commerce of the Kyrgyz Republic, Bakyt Sydykov, and the Minister of Industry and Technology of Turkey, Mehmet Cahit Turhan.

27.10.2025, 19:59

Economy

The amount spent by the authorities to pay off the national debt since the beginning of the year has been announced.

From January to September of this year, 55 billion 530.3 million soms were allocated for the payment of the national debt, which is equivalent to approximately $636.2 million. This data was provided by the Ministry of Finance. According to the Ministry of Finance, in 2024, Kyrgyzstan spent 37.5 billion soms ($429.6 million) on external debt payments and 22.2 billion soms ($254.8 million) on domestic obligations.

27.10.2025, 17:03

Economy

The National Bank of the Kyrgyz Republic Tightens Control Over Prices and Monopolies in the Banking Sector

The National Bank of the Kyrgyz Republic has initiated discussions on a new draft resolution concerning changes to its regulations that govern antitrust issues, pricing, and the subsidiary structures of banks. This was reported by the regulator's press service. In the agency, it was noted that the purpose of this document is to improve the protection of the rights of financial service users and to stimulate a competitive environment in the banking and payment services sector.

27.10.2025, 16:48

Economy / Exclusive

The highest vegetable yield recorded in Chuy and Osh regions

The harvest campaign for agricultural crops is coming to an end in Kyrgyzstan. According to the Ministry of Agriculture, the highest vegetable yield indicators were recorded in the Chui and Osh regions this season.

27.10.2025, 16:48

Economy

Kyrgyzstan Increases Import of Cattle

According to data provided by the National Statistics Committee, from January to May of this year, Kyrgyzstan imported 15 thousand heads of cattle (bovine). Compared to the same period last year, imports increased by 39.6%.

27.10.2025, 16:02

Economy

Kyrgyzstan Takes Third Place in the EAEU for Agricultural Production Growth

According to data published by the Eurasian Economic Commission, from January to August 2023, the volume of agricultural products in Kyrgyzstan increased by 2.4% compared to the same period last year. In August of this year, Kyrgyzstan, like in July, ranked third among the EAEU countries in terms of agricultural product growth. Armenia took the lead with a growth of 7.3%, Kazakhstan came in second (+3.4%), while Russia was in fourth place (+1.2%). Meanwhile, Belarus showed a slight decrease of

27.10.2025, 15:56

Economy / Exclusive

In Jeti-Oguz, up to 700 liters of natural juice are produced daily

In the Jeti-Oguz region, in the village of Tosor, the agricultural production cooperative "Tosor Organic" is successfully operating, focusing on the production of freshly squeezed juices. According to information from the Ministry of Agriculture, this cooperative is capable of producing up to 700 liters of juice every day, using only ecologically clean fruits and vegetables grown by local farmers. The "Tosor Organic" range includes four types of juices: apple juice; pear

27.10.2025, 15:52

Economy

The authorities proposed the minimum wage for the next year.

According to the information from the Cabinet of Ministers, it is planned to set the minimum wage in Kyrgyzstan at 3,280 soms for the year 2026. This became known from the draft republican budget for 2026, which also covers planned indicators for 2027 and 2028. The document has already been sent to the Jogorku Kenesh for approval. It is important to note that according to the Labor Code of Kyrgyzstan, the minimum wage (minimum amount of remuneration) is the legally guaranteed amount received by

27.10.2025, 15:52

Economy

The state debt of Kyrgyzstan has increased again

According to the Ministry of Finance as of August 31, the total amount of Kyrgyzstan's state debt is $8 billion 646.47 million. Of this amount, external obligations amount to $5 billion 230.81 million, while internal obligations are $3 billion 415.66 million.

27.10.2025, 14:41

Economy

"We Are Not Interesting to Hackers." Myths about Cybersecurity in Kyrgyzstan

A few years ago, cybersecurity in Kyrgyzstan was perceived as something distant and insignificant. However, the situation is changing: the country is actively working on the legal framework in this area. Last year, the Law on "Cybersecurity" was adopted, and in 2025, the implementation of the Digital Code is planned, which will cover key aspects of information and cybersecurity. On one hand, the necessary legal foundation for the development of the industry is being created. On the

27.10.2025, 13:21

Economy

The number of companies fined for illegal labor of migrants has increased in Russia

In the first half of 2024, Russian courts imposed fines totaling 1.6 billion rubles (equivalent to over 1.7 billion soms) for violations related to the employment of foreign citizens. This figure is 60% higher than similar data for the same period last year. This information was published by "Vedomosti," citing data from the Judicial Department of the Supreme Court. Over six months, 9,546 organizations were fined, including 5,638 legal entities, 373 officials, 2,925 individual

27.10.2025, 13:02

Economy

A working group has been established to address the issues of Turkish entrepreneurs

The Cabinet of Ministers has made a decision to create a working group aimed at addressing the issues faced by Turkish entrepreneurs in Kyrgyzstan. The head of the government has signed a decree to form an interdepartmental group that will analyze and resolve the problems encountered by Turkish businessmen in the course of their activities.

27.10.2025, 12:28

Economy

The Cabinet has determined the minimum wage for 2026 — 3,280 soms

The government of Kyrgyzstan has approved the minimum wage level for 2026, which will amount to 3,280 soms. This information is reflected in the draft republican budget for 2026, as well as in the plans for 2027-2028, which has been submitted for approval to the Jogorku Kenesh. According to the presented calculations, the minimum wage for 2027 will be 3,608 soms, and for 2028 it is planned to be set at 3,968.8 soms.

27.10.2025, 12:10

Economy

How Will the New EU Sanctions Against the Banks of Three Central Asian Countries Affect Them

On November 12, a new package of sanctions from the European Union will come into effect, affecting not only the banks of Kazakhstan, Kyrgyzstan, and Tajikistan but also including restrictions against Kyrgyz companies and cryptocurrency exchanges. Details about these sanctions were provided by the publication "Current Time".

27.10.2025, 11:54

Economy

Exchange rates in commercial banks of Kyrgyzstan as of October 27

The information was collected from the websites of commercial banks. If you have any questions regarding the provided data, please contact the banks directly.

27.10.2025, 11:09

Economy

In Kyrgyzstan, the campaign "World Savings Day" has started

Today, a campaign dedicated to the "World Savings Day" has started in Kyrgyzstan, as reported by the National Bank of the country. According to the information, this event has been held since 2015 and is organized with the support of the National Bank, as well as with the participation of government agencies, financial institutions, the Deposit Protection Agency, and other interested parties.

27.10.2025, 11:05

Economy

A New Poultry Farm Opened at Issyk-Kul

The enterprise produces about 21 million incubation eggs per year Recently, a new production complex of the company "Kyrgyz Broiler" was opened in the Ton district of the Issyk-Kul region. The event was attended by the Minister of Agriculture of the Kyrgyz Republic, Bakyt Torobaev.

27.10.2025, 10:58

Economy

Dollar and Ruble Rise. Currency Exchange Rates in Commercial Banks on October 27

As of October 27, the exchange rates for foreign currencies set by the National Bank of Kyrgyzstan are as follows: The dollar remains at 87.45 soms, while the euro and ruble have significantly increased in value.

27.10.2025, 10:56

Economy

Trade War. The USA and China Agree on the Framework of a Potential Deal

This week, a meeting is expected between the presidents of the United States and China, during which they will discuss the main aspects of a possible trade agreement. This was stated by U.S. Treasury Secretary Scott Bessent in an interview with CBS. According to him, the agreement is expected to include a final decision regarding the American part of the TikTok network, as well as a delay in tightening controls over the export of rare earth metals from China.

27.10.2025, 10:48

Economy

In Bishkek, measures to improve the investment and business environment in the country will be discussed

On October 30, the National Investment Agency will organize an open discussion, following the presidential decree of December 18, 2024, No. 369 on the doctrine "National Spirit — Global Heights" and within the framework of the Law "On Investments." The goal of this event is to create sustainable economic growth and to form a comfortable investment climate. During the meeting, participants will discuss strategies aimed at improving the investment and business environment, as

27.10.2025, 10:40

Economy / Exclusive

Tax Officials of Kyrgyzstan Exchanged Experience with Swiss Company SICPA

The delegation of the State Tax Service of the Kyrgyz Republic, headed by Deputy Chairman Bakyt Dzhienbekov, held a working meeting with representatives of the Swiss company SICPA. During the visit, the tax officials discussed with the management and experts of SICPA the possibilities for joint cooperation in the field of digitalization of tax administration and other areas.

27.10.2025, 10:37

Economy

The park-beach area of the "Kyrgyz Sea" sanatorium has been transferred to the management of the akimat.

Recently, the Issyk-Kul District State Administration took over the park-beach area of the "Kyrgyz Sea" sanatorium. This decision was the result of an extraordinary general meeting of the shareholders of OJSC "Kyrgyzaltyn". According to the company's press service, participants at the meeting reviewed and approved a number of measures aimed at reorganizing and optimizing the company's operations.

27.10.2025, 10:35

Economy

In Kemin, up to 15 thousand tons of chicken meat will be produced annually

In Kemin, in the Chuy region, a new modern poultry complex of LLC "Agro Kush" has been opened, where chicken meat will be produced. The opening ceremony was attended by Bakyt Torobaev, who holds the position of Deputy Chairman of the Cabinet of Ministers and Minister of Water Resources, Agriculture, and Food Processing Industry. As part of the event, he also laid a time capsule, as reported by the Ministry of Agriculture. The company "Agro Kush" implements a full production

27.10.2025, 10:34

Economy / Exclusive

The National Bank fined exchange offices and citizens for illegal currency operations

The National Bank of Kyrgyzstan has announced the imposition of administrative sanctions due to violations of legislation in the field of currency operations. It is reported that as a result of insufficient compliance with the norms and rules established by the NB KR, two exchange offices in Bishkek were fined 55,000 soms each.

27.10.2025, 10:09

Economy

Exchange Rates at the Moscow City Duma on October 27: Dollar Decreased in Value, Ruble Increased in Value

In the morning of October 27, the following exchange rates for foreign currency are observed at the exchange points of the Moscow City Council:

27.10.2025, 09:58

Economy / Exclusive

In the Ton District, a new enterprise "Kyrgyz Broiler" has been opened

Bakyt Torobaev, the Minister of Water Resources, Agriculture, and Processing Industry of Kyrgyzstan, witnessed the opening of the new production complex "Kyrgyz Broiler," located in the Ton district of the Issyk-Kul region. This event was reported by the press service of the Ministry of Agriculture of the Kyrgyz Republic. “Currently, our enterprise 'Kyrgyz Broiler' produces about 21 million incubation eggs annually. This allows us to achieve a poultry meat production volume

27.10.2025, 09:25

Economy

More than 9 billion soms are the assets of the Deposit Protection Agency

As of September 30, 2025, the assets of the Deposit Protection Agency reached 9.136 billion soms, according to the institution's report. This figure is 29% higher than the corresponding indicator for the previous year. The total volume of the Deposit Protection Fund amounted to 9.07 billion soms, while in 2024 it was 7.05 billion.

27.10.2025, 09:15

Economy

Euro and Russian Ruble Have Appreciated. Currency Rates for October 27

According to the National Bank of Kyrgyzstan and exchange points in Bishkek, the rates of the Euro, Ruble, and Chinese Yuan are showing an increase, while the US Dollar and Kazakh Tenge have remained at the same level. US Dollar:

27.10.2025, 09:03

Economy / Exclusive

In Kemino, the poultry farm "Agro Kush" was opened

The opening ceremony of the new modern poultry meat production complex "Agro Kush," located in Kemin, was attended by Bakyt Torobaev, the Minister of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic. During the event, a time capsule was also laid. The company "Agro Kush" operates a full production cycle: from incubation to processing chicken meat and its sale.

27.10.2025, 08:00

Economy / Exclusive

The car market in the city of Osh has expanded — in 3 months, more money has been received in the budget than the average annual income.

In Osh, the opening of the updated sector of the municipal car market took place, where Korean-made cars are offered. According to the local administration, the renovation of the area where Korean cars are sold has been completed. The opening ceremony was attended by deputies of the city council and city leadership.

26.10.2025, 22:44

Economy

In the Issyk-Kul Region, construction of a waste processing plant has begun

During a working trip to the Issyk-Kul region, Adylbek Kasymaliev, head of the cabinet of ministers and the presidential administration, participated in a ceremonial event dedicated to the laying of a capsule for the construction of a solid waste processing plant. This was reported by the government press service. Kasymaliev emphasized that large-scale investment initiatives are being implemented in the country aimed at improving the environmental situation and raising the standard of living

26.10.2025, 19:38

Economy

The founder of the cryptocurrency exchange Binance announced the launch of a national stablecoin and digital som in Kyrgyzstan.

The national stablecoin and digital som will be used for government payments Changpeng Zhao, the founder and former CEO of the cryptocurrency exchange Binance, announced the launch of a national stablecoin and digital som in Kyrgyzstan.

26.10.2025, 15:34

Economy

A national stablecoin has been launched in Kyrgyzstan, and Binance is available in Kyrgyz language

The national stablecoin has been officially launched in Kyrgyzstan. This news was announced by Binance founder Changpeng Zhao on his account on X. He also noted that the digital som is ready for implementation in the country's economy.

26.10.2025, 12:41

Economy

Chanpen Zhao announced the launch of a national stablecoin and digital som in Kyrgyzstan

Changpeng Zhao, the founder and former CEO of the cryptocurrency exchange Binance, shared significant news about digital finance in Kyrgyzstan. He announced that the country has successfully launched a national stablecoin on the BNB Chain, and the central bank digital currency (CBDC) is ready for implementation and will be used for government payments. Additionally, he noted the creation of a National Cryptocurrency Reserve, which includes the BNB token.

25.10.2025, 20:57

Economy

Strike on Business. The Cabinet will annually increase prices on alcohol, tobacco, and beverages.

The authorities' goal is to replenish the budget and promote a healthy lifestyle The Ministry of Economy and Commerce has presented a draft law that provides for annual increases in excise taxes on alcoholic and tobacco products, as well as on sweet beverages from 2026 to 2029.

25.10.2025, 17:21