Economy

It has been announced how much the state stablecoin of Kyrgyzstan, USDKG, was issued for.

According to information provided by the Financial Market Regulation and Supervision Service, the issuance volume of the state stablecoin USDKG is $50.1 million. The total issuance amounted to 50,140,738 stablecoins, each with a nominal value of $1. The issuer of this asset is the Joint Stock Company "Issuer of Virtual Assets," with the Ministry of Finance of the Kyrgyz Republic as the sole founder.

12.11.2025, 13:37

Economy

In Kyrgyzstan, state regulation of meat prices has been extended

According to the Ministry of Economy, this decision is aimed at maintaining the stability of the domestic market and protecting the interests of the population. Price regulation will apply to all types of meat, including beef and lamb, except for boneless meat.

12.11.2025, 13:24

Economy

The Russian Customs asks EAEU declarants to responsibly carry out mandatory procedures

Recently, there has been an increase in the use of conformity documents (such as certificates and declarations) in Russia, primarily for light industry goods, electronics, and children's products, issued in EAEU member states. Authorized bodies and business associations have reported that these documents are often issued without adhering to the necessary assessment procedures, including mandatory testing, as stated by the Federal Customs Service of the Russian Federation. The message

12.11.2025, 12:04

Economy

Exchange rates in commercial banks on November 12: the dollar is rising

The National Bank of Kyrgyzstan has published the current exchange rates for foreign currencies as of November 12: The dollar rate remained stable, while the euro and ruble also showed a slight decrease.

12.11.2025, 12:01

Economy / Exclusive

The National Bank suspended the licenses of three exchange offices in Bishkek

The National Bank of Kyrgyzstan announced the suspension of licenses for three exchange offices in Bishkek due to violations of legislation and regulatory norms. In particular, license No. 6341 issued to the exchange office LLC "Keidji 098", located at: Bishkek, Bokonbaeva St., 76, apt. 2, will be suspended from November 8 to November 22, 2025. Also, from November 8 to November 17, 2025, the license No. 7026 issued to LLC "Dos Pro", located at the same address but in room

12.11.2025, 11:45

Economy / Exclusive

Torobaev familiarized himself with the activities of the greenhouse farm in the Uzgen district

Recently, Bakyt Torobaev, the Minister of Water Resources, Agriculture, and Processing Industry, visited a greenhouse farm located in the village of Sheraly in the Uzgen district, as part of the rural administration "Karoool." This information was announced by the press service of the Ministry of Agriculture of Kyrgyzstan. During his visit, Torobaev positively assessed the work of the greenhouse farm, emphasizing its importance for the agricultural sector, the implementation of new

12.11.2025, 11:45

Economy

In Kyrgyzstan, state regulation of meat prices extended until the end of 2025

The temporary state regulation of prices for beef and lamb, excluding boneless meat, has been extended until December 31, 2025. This measure is aimed at preventing further price increases, combating speculation, and stabilizing the market situation.

12.11.2025, 11:43

Economy / Exclusive

The reconstruction of the Toktogul and Uch-Kurgan hydropower units has been completed.

The reconstruction of the fourth hydroaggregate of the Toktogul HPP and the second hydroaggregate of the Uch-Kurgan HPP has been fully completed, and commissioning tests are currently being conducted. The Minister of Energy of the Kyrgyz Republic, Talaybek Ibraev, during his working trip to the Jalal-Abad region, familiarized himself with the modernization process of hydroenergy facilities. The reconstruction of the fourth unit at the Toktogul HPP is 100% complete, which will increase the

12.11.2025, 11:26

Economy

Exchange rates in commercial banks of Kyrgyzstan on November 12

The data was collected from the official websites of commercial banks. If you have any questions regarding the presented information, it is recommended to contact the banks directly. This information is current as of the time of publication and pertains to exchange rates for cash currency exchange. Throughout the day, rates may be subject to changes.

12.11.2025, 11:17

Economy / Exclusive

A number of agricultural projects are being implemented in the Toktogul district.

In the Toktogul district, agricultural projects are actively developing, reports the press service of the Ministry of Agriculture of the Kyrgyz Republic. Today, November 12, a meeting was held in Toktogul with Baktygul Osmonova, the head of the cooperative "Sadyraly," where plans for agricultural development in the region were discussed.

12.11.2025, 11:14

Economy

All mining farms in Kyrgyzstan have been shut down — Talaybek Ibraev

Photo of the Cabinet of Ministers of the Kyrgyz Republic. Talaybek Ibraev The Minister of Energy of Kyrgyzstan, Talaybek Ibraev, commented on the criticism from former president Almazbek Atambayev. Atambayev had previously sharply condemned mining and the export of electricity, describing it as an "absurd" decision in the context of resource shortages. “Atambayev has always been known for his ability to say a lot without taking responsibility for his words. In this, he is unique,”

12.11.2025, 10:57

Economy

Exchange Rates at the Moscow City Council on November 12

According to the data from exchange points on the Moscow City Council, the exchange rates for foreign currencies on the morning of November 12 are presented below:

12.11.2025, 10:46

Economy

The Russian gray import market is estimated at $10–15 billion

According to the organization's report, shadow imports carried out through cargo schemes amount to about $10–15 billion per year. This includes the import of consumer goods from China without paying taxes and necessary documentation.

12.11.2025, 10:20

Economy

Testing of hydroaggregates after reconstruction has begun at the Toktogul and Uch-Kurgan hydropower plants.

Talaybek Ibraev, the Minister of Energy, familiarized himself with the completion of the reconstruction works on the fourth hydro unit at the Toktogul HPP and the second at the Uch-Kurgan HPP, as well as the condition of the Kara-Kul HPP. This was reported by the press service of the ministry. According to the information, the reconstruction works on the fourth hydro unit of the Toktogul HPP have been completed by 100%.

12.11.2025, 09:58

Economy

The Food Security Plan until 2030 was discussed by the regional ministries of agriculture

In Tashkent, a discussion took place on the food security plan until 2030, which involved representatives from the ministries of agriculture of Central Asia. The delegations exchanged views on the implementation of innovative and digital technologies, as well as discussed ways to strengthen cooperation in the region.

12.11.2025, 09:42

Economy

After the National Bank's intervention, the som has slightly appreciated. Exchange rates as of November 12.

Photo from the internet. Until the recent intervention by the National Bank, the exchange rate of all currencies was increasing relative to the som, but now a change is observed. However, the price drop is insignificant. According to the National Bank of Kyrgyzstan and exchange points in Bishkek, the official rates of the euro, Russian ruble, Kazakh tenge, and Chinese yuan have decreased, while the dollar remains at the same level. US Dollar:

12.11.2025, 08:55

Economy

Kazakhstan and the USA will jointly mine tungsten in the Karaganda region

The American company Cove Capital and the Kazakhstani "Tau-Ken Samruk" have signed an agreement for the joint development of two major tungsten deposits — Northern Katpar and Upper Kairakty in the Karaganda region. These deposits are considered among the largest in the world that have yet to be developed, as reported by "Samruk-Kazyna".

12.11.2025, 08:49

Economy / Exclusive

The Minister of Energy accused Atambayev of manipulating facts about energy.

In a recent social media post, former president Almazbek Atambayev reminded about the start of energy projects that were initiated during his time. He emphasized that failures in the energy sector were one of the key reasons for the April Revolution of 2010. In response to these statements, Energy Minister Talaybek Ibraev expressed doubts about the accuracy of Atambayev's words in an interview with local media, noting that during his administration, not a single new hydroelectric power

12.11.2025, 08:10

Economy

The forecast for the economic growth of the Kyrgyz Republic has improved, according to the Eurasian Fund for Stabilization and Development.

According to the latest data from the Eurasian Fund for Stabilization and Development (EFSD), the economic growth forecast for Kyrgyzstan has become more optimistic. An important aspect contributing to this improvement, the fund's specialists highlight, is the active development of the construction sector and increased investment activity. New estimates predict that in 2025, the growth rate of gross domestic product (GDP) will reach 9%. In the following years, a decline in these indicators

12.11.2025, 07:16

Economy / Exclusive

Exchange rates for November 12

On November 12, 2025, the National Bank presented the current exchange rates for foreign currencies. The following values have been established for this day: - 1 US dollar (USD) is 87.4500 soms (unchanged);

12.11.2025, 07:07

Economy / Exclusive

Data on the Rise of Real Estate Prices in Bishkek Announced

Since the beginning of 2025, Bishkek has seen an average increase in real estate prices of 30%. This was stated by Aidar Sukembaev, an expert from the Digital Transformation Department of the Agency for Land Resources, at a press conference at the "Kabar" agency. He noted that over the past five years, prices for residential houses and apartments in major cities of the country have significantly increased.

11.11.2025, 19:11

Economy

End of the Construction Boom? Price Decline Expected in the Real Estate Market

The digital transformation specialist of the Agency for Land Resources, Aidar Sukembaev, stated at a briefing at the "Kabar" agency that a slight decrease in real estate prices is possible in Kyrgyzstan. Sukembaev emphasized that the period from 2020 to 2023 was marked by high activity in the real estate market. For example, the number of registered transactions increased from 51,590 in 2020 to 70,700 in 2023. However, growth in 2024 was only 9%, indicating a decline.

11.11.2025, 18:27

Economy / Exclusive

In Kyrgyzstan, the temporary state regulation of meat prices has been extended.

The decision has been made in Kyrgyzstan to extend the temporary state regulation of prices for meat products, including beef and lamb, with the exception of boneless meat. The new deadline is set for December 31, 2025, as reported by the Ministry of Economic Complex of the Kyrgyz Republic. The extension is related to the need to prevent further price increases, combat speculation, and stabilize the situation in the meat market. It is also aimed at ensuring the availability of this important

11.11.2025, 18:00

Economy

Temporary ban on the import of electronic cigarettes in Kyrgyzstan initiated by the government

The Cabinet of Ministers of the Kyrgyz Republic is initiating a draft resolution that proposes a temporary ban on the import of electronic cigarettes and liquids containing nicotine. The document prepared by the Ministry of Economy and Commerce has already been submitted for public discussion. As specified, this measure is aimed at implementing the Law "On Protecting Citizens' Health from the Consequences of Tobacco and Nicotine Consumption" and is intended to reduce the spread

11.11.2025, 17:07

Economy

A wastewater treatment facility has started operating in Uzgen

On November 11, a ceremonial opening of a municipal plant engaged in water supply and wastewater treatment took place in Uzgen. Bakyt Torobaev was present at the event, as reported by the press service of the Ministry of Water Management and Agriculture. The construction of the new facility is located in the rural area of Bash-Dobo, within the territory of the village of Kosh-Korgon, on a site covering 4.71 hectares. The project was implemented with the support of the European Bank for

11.11.2025, 16:50

Economy

The authorities of Kyrgyzstan want to increase healthcare spending

In 2026, the authorities of the republic plan to significantly increase spending on healthcare. This information is contained in the Civil Budget of Kyrgyzstan for 2026, which was presented by the Ministry of Finance. It is planned to allocate 54 billion 693.6 million soms for these needs, which is 12 billion 820.5 million soms more compared to the approved budget for 2025.

11.11.2025, 15:41

Economy

Bishkek and Moscow agreed to increase trade from $3.9 to $5 billion

At the 26th meeting of the intergovernmental commission of Kyrgyzstan and Russia on trade, economic, scientific, technical, and humanitarian cooperation, held in Bishkek, Adylbek Kasymaliev, the Chairman of the Cabinet of Ministers of Kyrgyzstan, and Alexey Overchuk, Deputy Chairman of the Government of Russia, participated. During the meeting, key aspects of cooperation in areas such as trade, industrial cooperation, logistics, energy, tourism, and humanitarian projects were discussed.

11.11.2025, 15:35

Economy

What Are the Most Common Loans in Kyrgyzstan? The Numbers

As of August 31, 2025, the total volume of the credit portfolio of banks in Kyrgyzstan reached 447.3 billion soms, which is 31.3% higher compared to the beginning of the year. This data was presented by the National Bank of the country. The most popular reason for obtaining loans remains consumer needs, for which 150.5 billion soms were issued, an increase of 51.7% compared to the beginning of the current year. Loans are also taken out for the following purposes:

11.11.2025, 15:30

Economy / Exclusive

The term of state regulation of meat prices extended until the end of 2025

The Ministry of Economy has announced the extension of temporary state price regulation on meat until December 31, 2025. This decision has been made to prevent further price increases, avoid speculation, and ensure stability in the market concerning beef and lamb (excluding boneless meat). This measure aims to guarantee the availability of this important social product for the population and support price stability in the domestic market.

11.11.2025, 15:27

Economy

To buy a home, Kyrgyz citizens will have to save for 20 years and give up a normal life.

According to Aidar Sukenbaev, a specialist at the Digital Transformation Department of the Agency for Land Resources, citizens in Kyrgyzstan need to save their salary for 15 to 20 years to purchase their own housing. He shared this information during a briefing at the "Kabar" agency. The expert noted that housing prices in the country are rising significantly, driven by both objective and subjective factors.

11.11.2025, 15:27

Economy / Exclusive

Kasymaliyev: Russia is a reliable ally and strategic partner of Kyrgyzstan

The 26th meeting of the Intergovernmental Kyrgyz-Russian Commission on trade, economic, scientific, technical, and humanitarian cooperation took place at the Ala-Archa residence. The event was attended by the Prime Minister of Kyrgyzstan, Adylbek Kasymaliev, who warmly welcomed the delegation of the Russian Federation, headed by Deputy Prime Minister Alexey Overchuk. This meeting is of particular significance as it occurs in the year marking the 25th anniversary of the signing of the

11.11.2025, 14:28

Economy

In Kyrgyzstan, they want to extend the ban on timber exports

The Ministry of Economy has published a draft that implies an extension of the ban on the export of timber and wood products outside the EAEU countries. If this initiative is approved, the ban will last for six months and will apply to timber and wood products classified under codes 4401, 4403, and 4407 according to the EAEU Customs Tariff, which will not be allowed to leave the customs territory of the Union.

11.11.2025, 14:28

Economy / Exclusive

Neighboring countries are amazed by the "Kyrgyz miracle." What Kazakh media are saying about the economy of Kyrgyzstan

Kazakh news resources publish materials emphasizing that while Kazakhstan strives to enter the top 50 best economies in the world, Kyrgyzstan has already secured a place among the five leaders. An article posted on the inbusiness.kz website presents forecasts from international organizations analyzing the economic situation in Kyrgyzstan. This analytical review compares the economic conditions created by the governments of Kyrgyzstan and Kazakhstan. According to the publication, by 2025,

11.11.2025, 14:13

Economy

Russia will restore 180 days of stay for Kazakhstani truck drivers

In Astana, a meeting of the Intergovernmental Commission took place, where key issues in the fields of transport, agriculture, and trade were discussed.

11.11.2025, 14:12

Economy

In Kyrgyzstan, the reform of labor remuneration was discussed

From November 3 to 7, 2025, a mission from the IMF worked in Kyrgyzstan, focusing on issues related to wage fund management. This is confirmed by a press release received by the editorial office. During the meeting, specialists discussed ways to improve labor compensation conditions in the budget sector of the Kyrgyz Republic. One of the main issues was the reform of the wage system in the context of fiscal and macroeconomic indicators, which is necessary to ensure budget sustainability. The

11.11.2025, 14:10

Economy

Self-Ban on Lending. How Many Kyrgyzstanis Have Already Taken Advantage of This Opportunity?

Starting from November 1, residents of Kyrgyzstan have been given the opportunity to impose a self-ban on borrowing, as reported by the National Bank. According to the regulator, more than 19,000 citizens have already activated the self-ban on obtaining loans through the mobile application "Tündük" in the first week of November.

11.11.2025, 14:08

Economy

More Cars Started to Be Imported to Russia via Kyrgyzstan

In October of this year, 49,500 passenger cars were imported into Russia, according to data from the analytical agency "Autostat." Of this number, 8,300 cars came through Kyrgyzstan, which is 52.4% higher than the figure for September. At the same time, only 479 of them were used cars.

11.11.2025, 14:03

Economy / Exclusive

In Kyrgyzstan, they want to temporarily ban the import of electronic cigarettes.

The Ministry of Economy and Commerce of the Kyrgyz Republic has begun discussions on a draft resolution regarding a temporary ban on the import of electronic cigarettes into the country. Goals and Objectives

11.11.2025, 13:43

Economy

How Much Have Prices for Apartments and Houses Increased in Bishkek and Osh (Spoiler: Higher than Inflation)

According to information presented during a briefing at the "Kabar" agency, Aidar Sukenaev, a specialist from the Digital Transformation Department of the Agency for Land Resources, reported that real estate prices in Bishkek have increased by 30% since the beginning of the year. He also emphasized that over the past five years, the cost of housing in both Bishkek and Osh has significantly risen.

11.11.2025, 13:42

Economy / Exclusive

Every Watt Counts. Why Energy Savings Are an Investment in the Future of Kyrgyzstan

The President noted that the initiative was presented without prior discussion with the Ministry of Energy, which does not correspond to the current situation with water reserves: the water level in the Toktogul reservoir is 2 billion cubic meters lower than last year. As a result of an internal investigation, the Ministry of Energy ordered the suspension of actions by NESK, and the CEO and his deputy received reprimands, while the head of the electricity sales department was dismissed.

11.11.2025, 12:59

Economy / Exclusive

About 1.5 million citizens use the Taxpayer's Cabinet

The Deputy Chairman of the State Tax Service (GNS), Mirlan Rakhmanov, shared information with Birinchi Radio about the increase in the number of citizens who have started using electronic tax services. He noted that thanks to the digitalization of tax processes, it is now possible to pay taxes remotely through personal accounts and mobile applications. "Currently, almost 1.5 million people are using the taxpayer's cabinet, which is 160,000 more compared to the beginning of the

11.11.2025, 12:56

Economy / Exclusive

In Manas, the development of cooperation between Kyrgyzstan and Uzbekistan in the field of water resources was discussed.

At the 7th meeting of the joint Kyrgyz-Uzbek water management commission, which took place in Manas, the Minister of Water Resources, Agriculture, and Processing Industry of Kyrgyzstan, Bakyt Torobaev, outlined important aspects of cooperation between the two countries. This information was provided by the Ministry of Agriculture of Kyrgyzstan. During the meeting, key issues of cooperation were discussed, such as the effective use of water resources, ensuring energy security for the countries

11.11.2025, 12:18

Economy

Kyrgyzstan Entered the Top 10 in Cheese and Cottage Cheese Purchases from Russia

Kyrgyzstan has made it into the top ten countries that actively purchase cheese and cottage cheese from Russia, as reported by "Agroexport".

11.11.2025, 12:17

Economy

About 1.5 million citizens of Kyrgyzstan use the "Taxpayer's Cabinet"

The press service of the State Tax Service (STS) reported a significant increase in the number of users of electronic tax services in Kyrgyzstan. According to the provided data, the digitalization of tax processes has enabled citizens to pay taxes remotely through the "Personal Account" and mobile applications.

11.11.2025, 12:07

Economy

Exchange Rates in Commercial Banks on November 11. Changes in the Dollar and Euro

The National Bank of Kyrgyzstan has presented data on foreign exchange rates as of November 11: The dollar rate remained unchanged, while the euro and ruble have appreciated.

11.11.2025, 11:36

Economy

In Kyrgyzstan, the requirements for issuing halal product certificates will be tightened

In Kyrgyzstan, there are plans to tighten the regulations regarding the issuance of certificates for halal products. Almaz Kairbekov, the director of the Halal Industry Development Center under the Ministry of Economy and Commerce, announced this during a broadcast on "Birinchi Radio." He noted that an increase in the requirements for the accreditation of organizations involved in halal product certification is expected. The main goal of these changes is to align the standards with

11.11.2025, 11:28

Economy

The head of the Bishkek electric grid enterprise asks residents to save electricity

Azamat Paizov, the director of the Bishkek Electric Networks Enterprise, appealed to the residents of the capital with a request for the rational use of electricity. This became known from a message published on the official BPES social media account. During a daytime raid in Bishkek, he emphasized the importance of saving electricity, especially during the autumn-winter period when the load on the energy system significantly increases.

11.11.2025, 11:27

Economy

Bakyt Degenbaev: The KKU can become a gold mine for us

The plans for the construction of the China-Kyrgyzstan-Uzbekistan railway (CKU) are expected to be completed by 2030. Bakyt Degenbaev, the founder of the "Buy Kyrgyz" movement and former Deputy Minister of Energy and Industry of the Kyrgyz Republic, emphasizes the importance of planning in advance how Kyrgyzstan can effectively utilize this transnational railway.

11.11.2025, 11:04