In Kyrgyzstan, plans are in place to significantly increase pensions
Economy / Exclusive

In Kyrgyzstan, plans are in place to significantly increase pensions

In Kyrgyzstan, pensions are increased annually starting from October 1, and they cannot be lower than the established minimum subsistence level. Currently, this minimum is set at 7,100 soms. This statement was made by the Chairman of the Cabinet of Ministers, Adylbek Kasymaliev, during a joint meeting of the committees of the Jogorku Kenesh. Kasymaliev also reported that next year, efforts will be actively made to address the increase in the income part of the Social Fund, which will allow for

23.12.2025, 13:55
Economy

A leather processing plant is being built in the Issyk-Ata district.

The construction of a leather processing plant has begun in the Issyk-Ata district, as reported by the press service of the Ministry of Water Management, Agriculture, and Processing Industry. According to Minister Bakyt Torobaev, "100 hectares of land, which previously belonged to private individuals and were unused, have been transferred to state ownership and allocated to the state enterprise 'Agroholding'." This project is being implemented under the instruction of the

23.12.2025, 13:48
Economy

A water supply system costing 75.3 million soms will be built in the village of Sary-Mogol

In the village of Sary-Mogol, located in the Osh region, a project for the construction of a water supply system will be implemented. This was reported on the state procurement website, where the Department of Capital Construction for Drinking Water Supply Facilities announced a tender. According to the terms, the total contract value will amount to 75.3 million soms. The water supply system will be built in the Pamir-Alai rural district of the Alay region.

23.12.2025, 13:30
From India to Dubai. Kyrgyzstan Expands the Geography of Bean Exports
Economy / Exclusive

From India to Dubai. Kyrgyzstan Expands the Geography of Bean Exports

Beans produced in Talas are starting to conquer the Dubai market. The Deputy Prime Minister and Minister of Water Resources, Agriculture, and Processing Industry, Bakyt Torobaev, shared this news on the air of Birinchi Radio. He noted that in the autumn season, when bean prices significantly drop, the government allocated 100 million soms to support local farmers. As part of this initiative, 1,000 tons of beans were purchased at a price of 95 soms per kilogram.

23.12.2025, 13:26
Gold and silver prices have reached an all-time high
Economy / Exclusive

Gold and silver prices have reached an all-time high

According to Investing, the market price of gold has surpassed $4500 per troy ounce for the first time in history. The precious metal reached a record value of $4530.3, and at the time of writing, its price was $4514.25 per ounce, which is 1% higher compared to the previous day. Silver is also showing an increase, rising nearly two percent and exceeding $70 per ounce for the first time in history. A sharp rise in platinum prices is also observed.

23.12.2025, 13:05
Economy

In the Issyk-Ata District, a leather processing plant will be built over the course of two years.

Bakyt Torobaev, Deputy Chairman of the Cabinet of Ministers and Minister of Water Resources, Agriculture, and Processing Industry, announced in an interview with "Birinchi Radio" the plans to build a leather processing plant in the Issyk-Ata region. The information was provided by the press service of the Ministry of Water Resources and Agriculture. According to him, 100 hectares of land that previously belonged to private individuals and were unused have been transferred to the state

23.12.2025, 12:49
Economy

Beans from Talas enter the Dubai market: 100 million soms allocated for purchases

In the autumn of this year, the government of Kyrgyzstan decided to allocate 100 million soms to support farmers from the Talas region who are engaged in bean cultivation. This was reported by Deputy Prime Minister Bakyt Torobaev in an interview with "Birinchi Radio". Torobaev emphasized that during the autumn period, when prices for beans usually decrease, the cabinet of ministers allocated these funds to assist agricultural producers. This money is intended for the purchase of 1,000

23.12.2025, 12:33
The consolidated budget of the Kyrgyz Republic for 2026 is planned to exceed 843 billion soms.
Economy

The consolidated budget of the Kyrgyz Republic for 2026 is planned to exceed 843 billion soms.

Photo by the press service of the Cabinet of Ministers of the Kyrgyz Republic. Adylbek Kasymaliev At a joint meeting of the committees of the Jogorku Kenesh, the head of the Cabinet of Ministers of Kyrgyzstan, Adylbek Kasymaliev, announced plans for the consolidated budget for 2026, which is projected to exceed 843 billion soms. According to Kasymaliev, the government aims for the total budget to exceed 1 trillion soms by 2026.

23.12.2025, 11:58
Economy

Binance announced the launch of trading with KGST

Trading for the KGST/USDT pair will start on December 24 at around 14:00 Bishkek time, as reported by Binance. Users can already deposit KGST to prepare for the start of trading. For the convenience of traders, trading bots and Spot Algo Orders will also be available for this pair.

23.12.2025, 11:39
Economy

Top 5 Countries Where Kyrgyzstanis Go to Work Through Employment Agencies

Since the beginning of 2023, private agencies have employed 17,167 Kyrgyz citizens abroad, as reported by the Ministry of Labor. In this year, 143 permits for the employment of citizens outside the country have been issued. Out of 206 applications submitted, 19 were rejected, and 51 are under review (including 22 applications without payment).

23.12.2025, 11:37
The cabinet named major budget expenditures for 2025.
Economy / Exclusive

The cabinet named major budget expenditures for 2025.

During a joint meeting of the committees of the Jogorku Kenesh, the Chairman of the Cabinet of Ministers Adylbek Kasymaliev announced the key expenditure items of the republican budget for 2025. According to the presented data, 66.5 billion soms are allocated for the capitalization of "Eldik Bank", and 57.1 billion soms for the support of energy companies. In addition, 49.9 billion soms will be directed to the "State Mortgage Company", 7.6 billion soms will go towards

23.12.2025, 11:31
The Ministry of Finance and World Bank Project Supported Nearly 20,000 Entrepreneurs in Kyrgyzstan
Economy

The Ministry of Finance and World Bank Project Supported Nearly 20,000 Entrepreneurs in Kyrgyzstan

Recently, a forum was held at the Ministry of Finance of the Kyrgyz Republic, where the results of the project "Emergency Support for Micro, Small, and Medium Enterprises" (MSMEs) were discussed. This initiative, which plays an important role in the economic development of the country, was implemented with the support of the World Bank, as reported by the ministry's press service.

23.12.2025, 11:27
Exchange rates in commercial banks of Kyrgyzstan on December 23
Economy

Exchange rates in commercial banks of Kyrgyzstan on December 23

The information presented below has been collected from the websites of commercial banks. If you have any questions regarding the data provided, we recommend contacting the banks directly. This information is current as of its publication date. Exchange rates are intended for cash currency and may change throughout the day. Official exchange rates of the National Bank of the Kyrgyz Republic, as well as currency rates at exchange offices in Bishkek, are available here.

23.12.2025, 11:05
Economy

Deputy Minister: International Institutions are Considering Halting Grant Issuance to Kyrgyzstan

In Osh, the construction of two elevated bridges with a total road length of 3.2 km is planned. At a meeting of the Committee of the Jogorku Kenesh on industrial policy, transport, and construction, held on December 23, the financing agreements proposed by the Eurasian Development Bank were reviewed. Beknazar Bazaraliev reported that the new elevated bridges will be located at the intersection of Masaliev and Lenin streets, as well as across the Ak-Buura River to the old market. This will

23.12.2025, 10:56
Kyrgyzstan has entered the top three world leaders in GDP growth rates - Kasymaliev
Economy / Exclusive

Kyrgyzstan has entered the top three world leaders in GDP growth rates - Kasymaliev

During a joint meeting of the committees of the Jogorku Kenesh, the Chairman of the Cabinet of Ministers Adylbek Kasymaliev reported that in 2024, the growth rate of the gross domestic product (GDP) reached 11.5%. This level is expected to be maintained in 2025, and for the first 11 months of the current year, GDP growth reached 10.2%. According to preliminary information, in 2024, the GDP volume amounted to 1.6 trillion soms, while in 2025, it is projected to exceed 1.8 trillion soms.

23.12.2025, 10:56
The budget surplus this year will amount to 10 billion soms — Bekeshev
Economy

The budget surplus this year will amount to 10 billion soms — Bekeshev

The forecast for 2026 is a surplus of 15 billion soms Today, a general meeting of all committees will take place in the Jogorku Kenesh, where the report on the execution of the republican budget for 2024, as well as the budget project for 2026 and plans for 2027-2028, will be discussed, as reported by deputy Dastan Bekeshev on his Telegram channel.

23.12.2025, 10:33
The Cabinet named the key drivers of economic growth in Kyrgyzstan
Economy / Exclusive

The Cabinet named the key drivers of economic growth in Kyrgyzstan

At a joint meeting of the committees of the Jogorku Kenesh, the Prime Minister Adylbek Kasymaliev outlined the main factors contributing to the economic growth of Kyrgyzstan. Construction, industry, and services have become the leading sectors driving progress in this area. He noted that the volume of investments in fixed capital amounted to 283.2 billion soms, which corresponds to an increase of 18.1% compared to the previous period.

23.12.2025, 10:24
Economy

The Cabinet extended the zero VAT on products and raw materials for price stabilization until 2027

The new decree adopted by the Cabinet of Ministers is aimed at supporting food security and stabilizing prices. The document contains an expanded list of goods exempt from VAT at a zero rate, as well as an extension of the duration of this benefit. In accordance with the decree, two updated lists have been approved: – the first includes food products subject to the zero VAT rate upon import and sale; – the second contains raw materials used for the production of vegetable oils and feed for

23.12.2025, 10:06
Economy / Exclusive

Minvodselprom reported the prices at which meat was sold at the fair in Issyk-Kul

In the Ton district of the Issyk-Kul region, an event organized by the Ministry of Water Resources, Agriculture, and Processing Industry took place, dedicated to the sale of food products. The press service of the ministry shared information about the fair. At this event, consumers could purchase yak meat and lamb at relatively low prices. Yak meat was sold for 600 soms per kilogram, while lamb was priced at 650 soms. It was also reported that turkey meat was offered at prices below market

23.12.2025, 09:50
Exchange rates for December 23
Economy / Exclusive

Exchange rates for December 23

On December 23, 2025, the National Bank published the current exchange rates of major foreign currencies. A comparison with December 20 shows that changes affected the euro, yuan, tenge, and ruble, while the dollar's rate remained unchanged.

23.12.2025, 09:39
The Herat – Mazar-i-Sharif Railway Will Open the Way for Connectivity Between Central Asia and Europe
Economy / Exclusive

The Herat – Mazar-i-Sharif Railway Will Open the Way for Connectivity Between Central Asia and Europe

The countries of Afghanistan, Iran, and Turkey have reached an agreement to jointly construct a new railway line between Herat and Mazar-i-Sharif. Currently, the project is at the stage of a feasibility study, which costs 10 million dollars, and the launch of the first test cargo flights is planned for 2027. Political scientist Bakyt Jumagulov, who is the director of the Eurasian Strategic Research Center, shared his opinion with the Kabar agency about the significance of this project.

23.12.2025, 09:24
Economy

The price of gold has reached a historic high — $4,500 per ounce

On the Comex exchange, which is part of the New York Mercantile Exchange, gold futures for delivery in February 2025 set a new historical record, exceeding the mark of $4,500 per troy ounce. This data was provided by the trading platform. As of 6:13 Bishkek time, the price of the precious metal was $4,500.2 per troy ounce, reflecting an increase of 2.57 percent.

23.12.2025, 09:14
Economy

Kyrgyzstan Becomes a Leader in Importing Used Cars from South Korea

According to data published by South Korea's largest news agency, Yonhap, from January to October, Kyrgyzstan became the main recipient of used cars from this country. In monetary terms, over ten months, South Korea exported used cars worth $8.4 billion, significantly higher than the $4.6 billion recorded for the same period last year.

23.12.2025, 08:36
Economy

The Ministry of Finance has improved the forecast for state budget revenues in 2025

According to changes in the draft law on the republican budget for 2025 and the planned indicators for 2026-2027, the Ministry of Finance forecasts that state budget revenues will increase to 601.9 billion soms, which is significantly higher than previous expectations of 430.2 billion soms. In particular, non-tax revenues are expected to reach 172.3 billion soms, which is 116.2 billion soms more compared to previous estimates.

23.12.2025, 08:07
Economy

The road leading to the Bishkek sanitary landfill will be repaired: who is the contractor

The road leading to the Bishkek sanitary landfill will undergo major repairs. The head of the government, Adylbek Kasymaliev, signed a decree appointing a contractor to carry out these works. According to the order, the customer will be the municipal administration of the Pervomaisky district. The work will cover the section of the road from the checkpoint at the MP "Bishkek sanitary landfill" to the area where the technological complex is located, built as part of an investment

23.12.2025, 07:54
The Ministry of Transport owes private companies 8 billion soms
Economy

The Ministry of Transport owes private companies 8 billion soms

Contractors face difficulties in receiving their funds During a discussion at the meeting of the Jogorku Kenesh Committee on International Affairs, Defense, and Security, Deputy Shaiyrbek Tashiev raised the issue of financial delays faced by private companies involved in road construction. He noted that the Ministry of Finance is delaying the allocation of funds and asked Minister Almaz Baketaev about the timeline for the arrival of the money.

22.12.2025, 20:40
In Osh, elevated bridges and a road will be built with the help of an EBRD loan.
Economy

In Osh, elevated bridges and a road will be built with the help of an EBRD loan.

8% of the total funding will be allocated in the form of a grant. The Committee of the Jogorku Kenesh, which deals with international affairs, defense, security, and migration, has given the green light for obtaining a loan and a grant from the Eurasian Development Bank. These funds are intended for the construction of 3.2 kilometers of road and two elevated bridges in the city of Osh.

22.12.2025, 20:35
Energy Day: Minister Outlines Industry Problems and Priorities
Economy

Energy Day: Minister Outlines Industry Problems and Priorities

Today, Kyrgyzstan celebrates an important event — Energy Workers' Day, which brings together thousands of professionals under one roof, including engineers, dispatchers, and repair crew workers who ensure the uninterrupted functioning of the country's energy system. According to the Ministry of Energy, the energy sector continues to be strategically important for the republic's economy. This year, the focus has been on modernizing hydroelectric power stations, developing network

22.12.2025, 18:47