Economy

Putin Temporarily Allowed the Import of Goods from Kyrgyzstan Without EAEU Labeling

Russian President Vladimir Putin signed a decree temporarily allowing the import of goods from Kyrgyzstan and Kazakhstan without the necessary EAEU labeling. This decision will be in effect until December 10 of this year. According to the decree, goods imported by road through the border with Kazakhstan may not have labeling confirming their origin from the Eurasian Economic Union until the specified date.

25.10.2025, 12:34
Economy / Exclusive

What is the price of "white gold" in Nooken this year?

This year, in the Nooken district of the Jalal-Abad region, the price for 1 kilogram of cotton, also known as "white gold," is 73 soms. This was reported by the head of the district agricultural development department, Muratbek Junusov. He noted that this season, 2,597 hectares have been allocated for cotton, which is 1,230 hectares less than last year.

24.10.2025, 23:38
Economy

The Department of Ground and Water Transport Increased Budget Revenues Fourfold

According to information provided by the press service of the Ministry of Transport and Communications, the Department of Ground and Water Transport has significantly increased its budget revenues, raising them fourfold. In the first nine months of 2025, the agency transferred 861 million 192 thousand soms to the treasury, which is 658 million 973 thousand soms more than the corresponding figure for 2024.

24.10.2025, 20:48
Economy

Cybersecurity in Kyrgyzstan: Myths and the Truth That Businesses Must Live With

A few years ago, cybersecurity in Kyrgyzstan seemed like a distant and irrelevant issue. However, the country is now actively developing a legal framework for this field: last year, the Law "On Cybersecurity" was adopted, and in 2025, a Digital Code will be introduced, covering the main aspects of information and cybersecurity. On one hand, a legal basis is being created for the development of this industry. On the other hand, there are still myths and misconceptions about

24.10.2025, 18:15
Economy

The authorities plan to create a cryptocurrency reserve for Kyrgyzstan in the near future.

According to information announced on October 24 by Farhad Iminov, head of the secretariat of the National Council for the Development of Virtual Assets and Blockchain Technologies, changes have already been made to the law "On Virtual Assets" in the country. This step is aimed at creating a cryptocurrency reserve that will operate under the president. However, it is worth noting that the cryptocurrencies stored in the reserve are not intended to be used for monetary policy. It is

24.10.2025, 17:43
Gulnaz Supaeva: There is a Future for Cryptocurrency and Blockchain Technologies in Kyrgyzstan
Economy / Exclusive

Gulnaz Supaeva: There is a Future for Cryptocurrency and Blockchain Technologies in Kyrgyzstan

Gulnaz Supaeva, Doctor of Economic Sciences, shared her opinion on the prospects of cryptocurrencies and blockchain technologies in Kyrgyzstan in an interview with the Kabar agency. She noted that there is a growing interest in these areas in the country, especially among youth and IT specialists. According to Supaeva, creating a reliable legislative framework is essential for the successful development of these technologies. "If government agencies start actively working in this

24.10.2025, 16:13
Economy

The Cabinet proposes to introduce a tax on tourists

The proposed tourist fee is a non-tax payment that will be charged to individuals temporarily residing in various accommodation facilities such as hotels, hostels, sanatoriums, and recreation centers. The funds collected from this tax will be directed towards the development of tourist infrastructure and the preservation of cultural heritage. The text of the draft law is already available for discussion. Over the past decade, the tourism industry in Kyrgyzstan has shown impressive growth, made

24.10.2025, 15:30
The Second Birth of Toktogul: How the Power of the Hydroelectric Station Increased to 1,440 Megawatts
Economy

The Second Birth of Toktogul: How the Power of the Hydroelectric Station Increased to 1,440 Megawatts

Photo 24.kg. Toktogul Hydropower Plant The Toktogul Hydropower Plant, which has been supplying Kyrgyzstan with electricity for half a century, is entering a new era: outdated panels are being replaced with modern screens and digital control. But will the updated station be able to guarantee uninterrupted power supply for households? The Energy Heart of the Country: from Monument to Mosaic

24.10.2025, 15:19
Supplies of Fuel and Lubricants in the Kyrgyz Republic are Planned to be Diversified
Economy

Supplies of Fuel and Lubricants in the Kyrgyz Republic are Planned to be Diversified

Photo from the internet The Cabinet of Ministers of Kyrgyzstan is considering the possibility of diversifying the supply of fuel and lubricants (GSM). This was reported by Deputy Prime Minister Daniyar Amangeldiev in an interview with the TASS news agency. According to him, a decision was previously made at the level of the Eurasian Economic Commission to exempt from duties the supplies of gasoline and GSM not only from Russia but also from other countries.

24.10.2025, 15:18
Economy

Kamchybek Tashiev spoke about the risks of introducing cryptocurrencies in Kyrgyzstan

At the meeting of the National Council on Virtual Assets and Blockchain Technologies held on October 24 in Bishkek, Kamchybek Tashiev, head of the State National Security Committee (GKNB), noted that the digital economy presents not only opportunities but also certain threats. He emphasized that when developing regulations for the use of cryptocurrencies, it is essential to consider the interests of the country and security. "Every decision in this area must be carefully weighed against

24.10.2025, 15:11
Economy

Mining in Kyrgyzstan: What Will Become the Engine Instead of Gold

Recently, a forum titled "Dialogue on the Mining Industry: Investments, Transparency, Development" was held in Bishkek. Participants discussed the current state of the industry and key aspects that need attention to maximize Kyrgyzstan's profits from mining. Such a sector is quite rare in the world, and the demand and prices for resources are high. Kyrgyzstan has several promising deposits, but attracting investors will require serious work and evidence of the viability of

24.10.2025, 14:55
Economy

Almaty and Moscow Resume Direct Rail Service

Russian Railways has announced the restoration of direct train service between Almaty and Moscow. This event has become possible due to the resumption of through carriages, which will operate on the Moscow — Almaty route every two days, with a total travel time of about 3.5 days. The first train will depart from Almaty on October 26 at 20:00 local time; it will be part of train No. 7/8 Almaty — Saratov. In turn, train No. 85/86 Moscow — Derbent will depart from Moscow on October 30 at 19:27,

24.10.2025, 14:47
Economy

The National Bank of Kyrgyzstan Signed an Agreement for the Implementation of the Digital Som

The National Bank of Kyrgyzstan has presented a demo version of the digital som, developed on a private blockchain. This was announced by the Chairman of the National Bank, Melis Turgunbaev, during a meeting of the National Council for the Development of Virtual Assets and Blockchain Technologies. Since May 23, the National Bank of the Kyrgyz Republic has been collaborating with Build block TECH to create a prototype of the digital som, Turgunbaev reported.

24.10.2025, 14:30
Economy / Exclusive

In the city of Uzgen, the sale of meat at inflated prices was discovered

In Uzgen, several sellers who were selling meat at prices exceeding the established norms were fined. According to information from local authorities, on October 23, a raid was conducted in the city organized by the mayor's office and the Osh regional office for antimonopoly regulation, aimed at ensuring compliance with the new state norms for retail prices on meat products.

24.10.2025, 14:22
Economy / Exclusive

The Deputy Head of the Cabinet visited the biolaboratory base in Sokuluk, where bulls named Agat, Tomsk, Chuvak, and Nik, weighing up to 1000 kilograms, are kept.

In the Sokuluk district, a ceremonial opening of the renovated laboratory and livestock facilities of the Biotechnology Department of the Kyrgyz Scientific Research Institute of Animal Husbandry and Pastures took place. According to the local administration, the Deputy Prime Minister and Minister of Water Resources, Agriculture, and Processing Industry Bakyt Torobaev familiarized himself with the work of the laboratory. Among those present were also the Ambassador of the Republic of Korea to

24.10.2025, 13:42
Economy

In six months, transactions with virtual assets in the Kyrgyz Republic exceeded 860 billion soms

According to information from Farhat Iminov, head of the secretariat of the National Council for the Development of Virtual Assets and Blockchain Technologies, the volume of transactions with virtual assets in the country continues to grow. Currently, there are about 200 licensed market participants operating in Kyrgyzstan, and over the past three years, the number of cryptocurrency exchange operators has increased 28 times.

24.10.2025, 13:23
Economy

How the national digital ecosystem will work, specialists explained

The draft resolution "On Approving the Regulations for the National Digital Ecosystem" has been initiated by the Ministry of Digital Development and Innovative Technologies and is currently being presented for public discussion. According to the Digital Code, the main goal of the National Digital Ecosystem is to provide a variety of digital services, including state and municipal services. This will enable the effective functioning of government bodies.

24.10.2025, 13:18
Trump announced the cessation of trade negotiations with Canada
Economy

Trump announced the cessation of trade negotiations with Canada

Photo from the internet Donald Trump, the President of the United States, announced the termination of all trade negotiations with Canada. This was reported by The New York Times. On his page on Truth Social, he stated that this decision was made due to "fraud" related to an advertisement using the AI voice of Ronald Reagan criticizing tariffs.

24.10.2025, 13:04
Economy

In Kyrgyzstan, it is planned to allow banks to work with virtual assets in a pilot mode.

At the moment, there is no legal framework in Kyrgyzstan that allows banks to effectively work with virtual assets. This was reported by Farhat Iminov, head of the secretariat of the National Council for the Development of Virtual Assets and Blockchain Technologies, during a meeting in Bishkek. As Iminov noted, the lack of legal regulation creates gaps, leading to some financial operations moving into the shadow economy.

24.10.2025, 12:42
Economy

How Excise Taxes Will Increase from 2026: Beer, Wine, and Vodka Will Become More Expensive

The Ministry of Economy and Commerce of the Kyrgyz Republic has presented for public discussion a draft resolution of the Cabinet of Ministers concerning changes to the legislation in the field of taxation. The proposed document provides for a phased increase in excise tax on alcoholic beverages from 2026 to 2029, as well as the cancellation of exemptions from excise tax and labeling for sugar-containing drinks intended for children.

24.10.2025, 12:24
The IEC announced how much the excise tax on alcohol will increase each year
Economy / Exclusive

The IEC announced how much the excise tax on alcohol will increase each year

The Ministry of Economy and Commerce of the Kyrgyz Republic has initiated a draft resolution of the Cabinet of Ministers concerning changes to the tax legislation in the area of excise duties. According to information from the department, this draft proposes a phased increase in excise tax rates on various alcoholic beverages from 2026 to 2029. It is also planned to abolish the exemption from excise tax for sugary children's drinks, which implies the introduction of labeling.

24.10.2025, 12:13
Economy

"Great Signal". Chanpen Zhao spoke about the pardon from Donald Trump

Changpeng Zhao expressed great gratitude to U.S. President Donald Trump, stating: "This decision has personal significance for me. Mr. Trump is doing a fantastic job regulating cryptocurrency issues, and this is a powerful signal for the market." His comments came after a National Council meeting. It is worth noting that the day before, Trump pardoned Changpeng Zhao, the founder of Binance, the largest cryptocurrency exchange in the world. This news became significant in the context

24.10.2025, 11:55
Economy

The Ministry of Energy proposes to extend the ban on coal exports by another six months.

The Ministry of Energy of the Kyrgyz Republic has proposed to extend the existing ban on the export of coal by road transport for an additional six months. This issue has been put up for public discussion as part of a new draft resolution of the Cabinet. According to the proposed document, it is planned to prohibit the export of coal from the country via road routes (codes 2701 and 2702 according to the EAEU Customs Code) for a period of six months.

24.10.2025, 11:50
Economy

Kyrgyzstan ranks 19th in the global cryptocurrency adoption index - Sadyr Japarov

On October 24, a meeting of the National Council for the Development of Virtual Assets and Blockchain Technologies is taking place in Bishkek, attended by the President of Kyrgyzstan, Sadyr Japarov, and the founder of the Binance platform, Changpeng Zhao. During the meeting, the president emphasized that Kyrgyzstan differs from many countries in the region in that it has already adopted a law on virtual assets, and a clear state policy in this area is being formed.

24.10.2025, 11:46
The Ministry of Agriculture reported on which products Kyrgyzstan remains dependent on imports.
Economy / Exclusive

The Ministry of Agriculture reported on which products Kyrgyzstan remains dependent on imports.

On the air of Birinchi Radio, the head of the food security department of the Ministry of Water Resources, Agriculture, and Processing Industry of Kyrgyzstan, Uran Chekirbaev, spoke about the current situation regarding food security in the country. Despite a stable level of basic products, the republic continues to experience dependence on imports in certain categories. Chekirbaev noted that food security in Kyrgyzstan is subject to seasonal fluctuations, and therefore monthly analyses of the

24.10.2025, 11:40
Exchange rates in commercial banks of Kyrgyzstan on October 24
Economy

Exchange rates in commercial banks of Kyrgyzstan on October 24

Information was gathered from various commercial bank websites. For further clarification regarding this information, it is recommended to contact the banks directly. The data is valid at the time of publication. The rates are presented for cash currency exchange. They may change throughout the day.

24.10.2025, 11:31
Economy

When the taxpayer must enter purchase data into the EFS system themselves

The State Tax Service reminds that taxpayers using electronic invoices must independently enter information about purchased goods from sellers exempt from registration and invoice issuance into the electronic invoice information system (ESF). As clarified by the press service of the STS, to enter data, it is necessary to create an electronic document titled "Electronic Document for Entering Data on Goods Purchased from Non-Participants of the System" at the moment when goods arrive at

24.10.2025, 09:26
Economy

Istanbul Stock Exchange Increases Stake in the Capital of the Kyrgyz Stock Exchange

The Kyrgyz Stock Exchange participated in the 64th General Assembly of the World Federation of Exchanges (WFE), which took place in Istanbul. This was reported by the KSE. During the event, meetings were held with the management of the Istanbul Stock Exchange, where the future prospects for joint cooperation were discussed. As a result of these negotiations, the Istanbul Stock Exchange increased its stake in the capital of the KSE, highlighting the strengthening of trust and strategic

24.10.2025, 09:24
The Ruble and Euro Continue to Decrease in Value. Exchange Rates on October 24
Economy

The Ruble and Euro Continue to Decrease in Value. Exchange Rates on October 24

Photo from the internet. The Russian ruble is experiencing instability — after a recent rise, it is starting to decline As of October 24 of this year, the official exchange rates for the euro and ruble continue to fall, while the Kazakh tenge and Chinese yuan are showing growth. The US dollar remains at the same level. This data was provided by the National Bank of Kyrgyzstan and exchange offices in Bishkek. US Dollar:

24.10.2025, 08:44
Trump pardoned Binance cryptocurrency exchange founder Changpeng Zhao - advisor to Sadyr Japarov
Economy

Trump pardoned Binance cryptocurrency exchange founder Changpeng Zhao - advisor to Sadyr Japarov

Changpeng Zhao. Photo courtesy of the press service of the President of the Kyrgyz Republic. In April of last year, Changpeng Zhao, the founder of Binance, was sentenced to four months in prison for money laundering, but he has now been pardoned by Donald Trump. This was reported by the "Russian Service of the BBC". According to the White House, Trump used his constitutional powers to pardon Zhao, who became the target of persecution by the Biden administration as part of its

24.10.2025, 07:05
Economy

The European Union has approved a new sanctions package against Russia. The list includes banks from Kyrgyzstan.

On October 23, 2023, the countries of the European Union officially approved the 19th package of sanctions against Russia in response to its aggression in Ukraine. This package includes measures against Russian banks, cryptocurrency platforms, and their subsidiaries in countries such as India and China. Among the new restrictions is a ban on the import of liquefied natural gas (LNG) and financial transactions with the largest Russian oil companies. The ban on LNG imports will be implemented in

23.10.2025, 21:56
More than 125 million soms allocated for the development of small and medium-sized enterprises
Economy / Exclusive

More than 125 million soms allocated for the development of small and medium-sized enterprises

The country continues to implement an initiative aimed at supporting small and medium-sized businesses through the provision of affordable loans with low interest rates. According to information from the Ministry of Finance, as of October 2, 2025, within the framework of the project "Preferential Lending for Small and Medium-Sized Enterprises of the Kyrgyz Republic," 44 business entities have been financed for a total of 125.38 million soms.

23.10.2025, 19:14
Torobaev familiarized himself with the activities of a large poultry farm in Bazar-Korgon
Economy / Exclusive

Torobaev familiarized himself with the activities of a large poultry farm in Bazar-Korgon

In the Bazar-Korgon district, in the village of Zharake, the construction of a large poultry farm is underway, which will be able to house up to 100,000 chickens. The head of the Ministry of Agriculture of the Kyrgyz Republic, Bakyt Torobaev, visited the site to familiarize himself with its activities. According to the department, the total cost of the project is 185 million soms, of which work worth 105 million soms has already been completed to date.

23.10.2025, 19:08
New Educational Centers in the Field of Green Energy Opened in Bishkek
Economy

New Educational Centers in the Field of Green Energy Opened in Bishkek

Daniyar Amangeldiev, the First Deputy Prime Minister, participated in the opening of the Green Energy Training Center and the Higher School of Business of Central Asia. This was reported by the government press service. The ceremonies took place as part of initiatives aimed at developing vocational education and training personnel for the green economy sector. Photo of the Cabinet of Ministers. New educational centers in the field of green energy and business have opened in Bishkek

23.10.2025, 19:02