Economy

The Audit Chamber Revealed Financial Violations in the Ministry of Transport

As a result of the audit conducted by the Audit Chamber of the Kyrgyz Republic, financial and procedural violations were discovered in the Ministry of Transport and Communications for the year 2024. The press service of the ministry reported that the audit covered both the execution of the republican budget and the economic activities of the ministry and its subordinate enterprises. As a result of the audit, recommendations and directives were issued, and the identified violations are subject

02.02.2026, 12:22

Economy

In the cabinet, farmers are urged to use carbomint for high yields

At the sowing fields of the "Kyrgyzmamasyltukum" plant, Minister of Agriculture Bakyt Torobaev held a meeting with farmers, during which he discussed the importance of using the mineral fertilizer carbomint to improve yields. This was reported by the Ministry of Water Management and Agriculture. During his speech, the minister stated that winter wheat was sown on an area of 50 hectares in accordance with all agronomic standards. Before the sowing work began, a soil analysis was

02.02.2026, 12:08

Economy

"Rosatom to Implement 3D Printing in Kyrgyzstan's Hydropower Sector"

An important agreement regarding the implementation of additive technologies in the renewable energy sector of Kyrgyzstan was signed in Bishkek, as reported by the State Corporation "Rosatom".

02.02.2026, 11:50

Economy

Kirill Khomyakov: The KR Can Become the Crypto Hub of the Region if It Maintains the Reform Pace

, Maxim POLETAEV Kirill Khomyakov, the regional director of Binance for Central and Eastern Europe, as well as Central Asia and Africa, discussed in an exclusive interview with 24.kg why Kyrgyzstan has become a priority for the company, what cryptocurrencies are in simple terms, how beginners can avoid fraud, and why the country needs a digital som. Photo 24.kg Information from 24.kg Binance is the world's largest ecosystem for working with cryptocurrencies and an international trading

02.02.2026, 11:47

Economy

Monitoring of the Development of Transport Corridors Will Continue in the EAEU Countries

The Council of the Eurasian Economic Commission has decided to continue monitoring based on the annual report, which analyzes the achievements of the EAEU countries in the development of railway, road, and port infrastructure that make up the Eurasian transport corridors. According to Arzybek Kozhoshev, the Minister of Energy and Infrastructure, the conducted analysis shows that the member states of the "five" together with the EEC are carrying out comprehensive work to improve the

02.02.2026, 11:36

Economy

"Risks for the Entire Economy". Business Appeals to the President Over Reinsurance Project

In a letter signed on behalf of business associations, it is emphasized that the draft resolution concerning the designation of the State Insurance Organization as the national operator for reinsurance raises serious concerns about the stability of the insurance market and the investment climate in the country. Kaktus.media publishes the full text of the appeal:

02.02.2026, 11:33

Economy

"Why Shablovsky's Kyrgyz Technologies Are Being Sought After Worldwide"

On February 1, Kubanychbek Kulov, former director of the Kyrgyz Scientific Research Institute of Irrigation, celebrates his 75th anniversary. In his reflections, he raises an important issue of the 21st century — the melting of glaciers and the future of water resources in Kyrgyzstan. This article is dedicated to his colleague Vitaly Shablovsky, an outstanding specialist in the field of water resource management automation, whose developments are attracting interest both in the CIS and beyond.

02.02.2026, 11:30

Economy

Which currency has appreciated in commercial banks? Exchange rate as of February 2nd.

The National Bank of Kyrgyzstan presented the exchange rates for foreign currencies as of February 2 as follows: Although the dollar rate remains stable, the euro continues to lose value. At the same time, the Russian ruble is showing signs of strengthening.

02.02.2026, 11:28

Economy

Tajikistan Increased Electricity Exports by One Third in 2025

In 2025, Tajikistan significantly increased its electricity export volume, raising it by 37.3% compared to the previous year. According to the relevant ministry, the total volume of supplies abroad amounted to 5.356 billion kWh. The key partners that provided the main foreign currency earnings were Afghanistan, Uzbekistan, and Kyrgyzstan, which allowed the republic to earn $97.3 million (913 million somoni).

02.02.2026, 11:23

Economy

After the collapse of gold prices, Kyrgyzstanis rushed to sell bars to "Kyrgyzaltyn"

Citizens are concerned about the safety of their savings As a result of the sharp decline in gold prices on the international stage, many Kyrgyz citizens have started actively selling their gold bars to the 'Kyrgyzaltyn' store. Eyewitnesses on social media report long lines of those wishing to sell. Local residents are deciding to sell the gold bars they purchased earlier, aiming to preserve their investments in the precious metal. It is important to note that anyone interested can

02.02.2026, 11:19

Economy

Exchange Rates in Commercial Banks of Kyrgyzstan on February 2

Information about exchange rates was collected from the websites of commercial banks. If you have any questions regarding the provided data, it is recommended to contact the banks directly. The data is current as of the time of publication. The indicated rates are intended for cash currency exchange and may change throughout the day. You can check the official exchange rate of the National Bank of the Kyrgyz Republic and the exchange rates in exchange offices in Bishkek here.

02.02.2026, 10:39

Economy

Meat Without Intermediaries and Honey to Europe: Torobaev Inspected the Fair

Bakyt Torobayev, who holds the position of Deputy Chairman of the Cabinet of Ministers and Minister of Water Resources, Agriculture, and Processing Industry, visited a farmers' fair held at the Turdakun Usubaliev Square in Bishkek. During the visit, he not only familiarized himself with the presented assortment but also identified pressing issues faced by domestic producers. The minister paid attention to each sector as he walked past the trading rows. In a conversation with beekeepers,

02.02.2026, 10:33

Economy

"Kygryzindustriya": What Happened to the Holding Companies Over Four Years

The holding "Kyrgyzindustry" was founded in 2022 with a charter capital of 1 billion soms. In the same year, the government transferred the production facilities of the Bishkek stamping plant to the operational management of this company, which was supposed to facilitate the modernization and management of state assets. Promises of development, budget support, and the presence of state orders created the impression of favorable conditions for successful operation. However, the reality

02.02.2026, 10:33

Economy

Market Crash. How Much the Gold Bars of the National Bank of Kyrgyzstan Have Lost in Value

Photo by the National Bank of the Kyrgyz Republic. Gold bullion bars At the end of last week, there was a sharp crash in the international precious metals market, leading to significant losses. The total capitalization of the sector decreased by more than $7 trillion, which came as a shock to many investors. Gold, traditionally viewed as a safe asset, fell by 13.6%. The price of an ounce dropped below $4,900, resulting in a $5 trillion decrease in the overall capitalization of gold.

02.02.2026, 10:07

Economy

"Rosatom Aims to Implement 3D Technologies in Kyrgyzstan's Hydropower Industry"

The corporation "Rosatom" is ready to implement additive technologies in the hydroenergy sector of Kyrgyzstan, as reported by the company's press service. The signed agreement opens up new opportunities for the application of 3D printing in the production of equipment for both new and existing hydroelectric power stations. As part of this collaboration, joint work is planned on the preparation of pre-project and project documentation, as well as the supply of necessary equipment

02.02.2026, 09:56

Economy / Exclusive

Modern reclamation technologies are being implemented in the Chui region to restore arable land

As part of his working trip, the Minister of Water Resources, Agriculture, and Processing Industry, Bakyt Torobaev, visited the State Enterprise "Kyrgyzmamasyltukumzavod," located in the village of Frunze in the Sokuluk district. He familiarized himself with the process of implementing reclamation technologies aimed at improving degraded arable land, as well as the use of modern agricultural machinery. According to the Ministry of Agriculture, a unit was demonstrated at the

02.02.2026, 09:51

Economy

The ruble has noticeably appreciated, the euro is getting cheaper. Currency exchange rates as of February 2.

Photo from the internet. In recent days, the Russian ruble has shown instability — its value is fluctuating. According to information provided by the National Bank of Kyrgyzstan and exchange points in Bishkek, there is an increase in the official rates of the Russian ruble and the Kazakh tenge, while the euro and the Chinese yuan are losing value. The dollar rate remains unchanged. US Dollar:

02.02.2026, 09:26

Economy

"30+20+10" Opens New Horizons for Fruit Processing in Kyrgyzstan

The "30+20+10" initiative from the Ministry of Water Resources, Agriculture, and Food Processing emphasizes the development of the processing sector, which serves as a link between local farmers and global markets. As part of this project, employees of the Department of Processing and Organic Agriculture visited LLC "Noigut and Co" — a company aimed at becoming a leader in the drying and deep processing of fruits and berries in the region.

02.02.2026, 09:00

Economy

A tariff concession on the import of raw materials for sugar production has been granted to Kyrgyzstan.

The Ministry of Water Resources, Agriculture, and Processing Industry reported that Kyrgyzstan has received a tariff concession for the import of raw materials necessary for sugar production. This decision was made in Moscow during a meeting of the Eurasian Economic Commission (EEC), where the concession was officially announced.

02.02.2026, 08:49

Economy

Exchange rates at the Moscow City Council on February 2

On the morning of February 2, the exchange rates of major foreign currencies at the Moskovsky Soviet exchange points are as follows:

02.02.2026, 08:44

Economy / Exclusive

Exchange rates for February 2

The portal valuta.kg has presented data on the exchange rates of foreign currencies in commercial banks and exchange offices. As of February 2, 2023, the exchange rates in Bishkek are as follows:

02.02.2026, 08:32

Economy

In the Sokuluk District, technologies for the restoration of degraded lands are being implemented

In the Sokuluk District, in the village of Frunze, Deputy Prime Minister Bakyt Torobaev conducted a working visit to the state enterprise "Kyrgyzmamasyltukumzavod." During the visit, he familiarized himself with new reclamation methods aimed at restoring degraded arable lands, as well as modern agricultural machinery. This information was announced by the press service of the Ministry of Water Management and Agriculture.

01.02.2026, 21:16

Economy

The Ministry of Agriculture has outlined steps for the development of water supply systems

At the meeting of the Coordination Council, held at the Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic, experts and responsible specialists were present. Participants discussed the implementation of projects related to irrigation and providing the population with clean drinking water, and heard reports from various departments.

01.02.2026, 10:58

Economy

Artificial insemination allows farmers to save up to 60,000 soms

According to the Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic, one of the main directions of agricultural policy remains the development of breeding livestock. Given the high cost of breeding animals, the ministry recommends that farmers consider switching to artificial insemination, which represents a more cost-effective alternative to purchasing expensive livestock.

01.02.2026, 09:25

Economy

Farmer's Markets Held in Aksy and Ala-Buka Districts

Farmer markets were held in the Aksy and Ala-Buka districts, organized at the initiative of the Ministry of Water Resources, Agriculture, and Processing Industry. These events, conducted by the district agricultural development administrations, aimed to provide the population with quality food products at affordable prices.

01.02.2026, 09:03

Economy

Bus manufacturer "Beles" reported on negotiations with government agencies

In Kyrgyzstan, a working meeting took place between representatives of government agencies and entrepreneur Mirbek Askaliev, who appealed to the president for support of domestic automotive production. This information was published by the businessman on his Facebook page. According to Askaliev, after his appeal to the president, representatives of the National Investment Agency contacted him and organized a meeting involving several ministries.

31.01.2026, 20:30

Economy

A Municipal Meat Shop Opened in Naryn

On the central market of Naryn, a new municipal meat shop was opened, as reported by the press service of the Ministry of Agriculture of the Kyrgyz Republic. This event took place on January 29 and aims to provide local residents with quality meat at prices lower than the market average. The shop's operations are organized to eliminate intermediaries: the meat comes directly from local farmers. This approach not only reduces the cost of the final product for consumers but also creates

31.01.2026, 14:34

Economy

The Largest Collapse in a Decade: The Precious Metals Market Lost Over $7 Trillion

The global precious metals market has experienced an unprecedented decline. In just 36 hours, the total market capitalization of the sector decreased by more than $7 trillion. Experts are calling this event the largest collapse in recent decades, according to Bloomberg. The price of silver fell the most sharply, losing over 30% of its value, dropping below $85 per ounce. As a result, this sector lost about $1.96 trillion of its market value. Photo Bloomberg. Exchange data on precious metals

31.01.2026, 12:17

Economy

Agricultural machinery in Kyrgyzstan can be purchased on credit at 6%

A recent meeting held by the Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic focused on updating the agricultural machinery fleet. The event took place at the "Avtomash Radiator" company, where modern equipment was presented to farmers, and the terms of preferential lending were explained. Ministry specialists emphasized that agricultural producers can take advantage of the opportunity to purchase equipment through "Aiyl Bank" and

31.01.2026, 12:02

Economy

The EU plans to impose sanctions against Kyrgyzstan for assisting Russia, media reports.

According to Bloomberg, the European Union intends to impose new sanctions against Kyrgyzstan in response to the support provided to Russia. As part of the discussed package of measures aimed at Russia, a mechanism aimed at preventing circumvention of sanctions is planned to be applied for the first time, which will affect the export of certain equipment to Kyrgyzstan.

31.01.2026, 10:48

Economy

The Ministry of Agriculture of the Kyrgyz Republic Familiarized Itself with New Opportunities for Agricultural Machinery Leasing

In the Sokuluk district, an on-site meeting was held with representatives of the Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic. The purpose of the event was to familiarize with the activities of the companies "Salem Agro" and "Agroturk," as well as to study the opportunities provided by modern suppliers of agricultural machinery. During the visit, it was emphasized that farmers can update their technical fleet with the support of

31.01.2026, 09:25

Economy

Kyrgyzstan Received Permission to Export Honey to the European Union

The European Commission has officially approved the import of honey from Kyrgyzstan into the territory of the European Union. This product has been included in a special list of the EU technical regulation, confirming that the control and certification system in Kyrgyzstan meets strict European standards.

31.01.2026, 08:30

Economy / Exclusive

More than 159,000 Kyrgyz citizens have imposed a self-ban on loans

> From November 1, 2025, to January 29, 2026, 159,132 citizens took advantage of the new self-ban mechanism on lending, which was introduced through the mobile application "Tündük," according to data published by the National Statistics Committee. This initiative was launched to ensure the financial security of the population and protect personal data from potential fraudulent schemes. To impose a self-ban on loans through the "Tündük" application, follow these steps: •

30.01.2026, 22:30

Economy

The National Bank suspended the implementation of the currency exchange regulation

On January 29, the board of the National Bank approved a resolution regarding foreign currency exchange operations. According to resolution No. 2026-P-12/6-1-(NPA), the action of the previous National Bank resolution No. 2022-P-33/45-2-(NPA) "On Temporary Solutions in the Field of Foreign Currency Exchange Operations" dated July 22, 2022, is suspended until August 1, 2026.

30.01.2026, 19:51

Economy

After a rapid rise, the price of gold began to fall sharply

The price of gold on international markets has experienced the sharpest decline in recent months. After reaching a historic high, the quotes sharply changed direction and lost almost 12 percent in just two days, falling below the mark of $5,000 per ounce, as reported by RBC. The trend shift began on January 29, when April futures on the CME reached a record of $5,626.8 per ounce. However, by the end of trading, they had dropped to $5,126, marking the most significant intraday fluctuation of the

30.01.2026, 19:39

Economy

The external debt of EAEU countries exceeded $2.5 trillion. In the Kyrgyz Republic, growth is 10.1 percent.

As of October 1 of last year, the total external debt of the countries in the Eurasian Economic Union exceeded $2.5 trillion, according to data from the Eurasian Economic Commission. Russia continues to hold the leading position in terms of external debt obligations, followed by Kazakhstan and Belarus. Kyrgyzstan and Armenia, despite having lower absolute debt values, demonstrate higher growth rates in borrowing.

30.01.2026, 18:47

Economy / Exclusive

In the city of Uzgen, the results of 2025 were summarized

On January 29, a staff meeting was held at the Uzgen City Hall. The meeting was opened by the mayor of the city, Eldos Taev, who introduced the new lawyer, Ruslan Egemkulov. In his speech, the mayor focused on the results of the work done in 2025 and outlined the main goals, tasks, and priority areas for 2026. He emphasized the need to strengthen order, responsibility, and executive discipline.

30.01.2026, 18:13

Economy / Exclusive

Bishkek and JICA Confirmed Their Intention to Expand Economic Cooperation

On January 30, a meeting took place in Bishkek between Bakyt Sydykov, the Minister of Economy and Commerce of Kyrgyzstan, and Yoshifumi Yoshikawa, Vice President of the Japan International Cooperation Agency (JICA). According to information provided by the agency, the meeting discussed the long-standing and successful cooperation between the government of Kyrgyzstan and JICA within the framework of various joint initiatives. Bakyt Sydykov presented the goals of the Kyrgyz Republic's

30.01.2026, 16:28

Economy

Evgenia Lushikhina has passed away. She dedicated her life to the revival of sheep breeding in Kyrgyzstan.

In Kyrgyz science, an irreplaceable loss has occurred. Evgenia Mikhailovna Lushikhina (07.04.1940 - 29.01.2026), a professor and doctor of agricultural sciences, is known as a symbol of the revival of sheep farming in the country. In one of her last interviews, she posed the question: "Why did my family dedicate their lives to this?" The answer now lies with us: to preserve her legacy, restore the system she dreamed of, and protect our pastures — the best way to honor the memory of

30.01.2026, 15:57

Economy

The Customs Service reports a sharp increase in collections. Figures

On January 30, a meeting of the board took place at the State Customs Service of the Kyrgyz Republic, during which the results of the work for the IV quarter of 2025 and the entire year as a whole were summarized. According to the report, in 2025, actual revenues from customs payments amounted to 157.4 billion soms, which is 5.8 billion soms higher than the adjusted forecast of the Ministry of Finance.

30.01.2026, 15:56

Economy / Exclusive

The Cabinet set the GTS the task of collecting 142.6 billion soms in 2026.

As a result of the board meeting, the work of the State Customs Service for 2025 was highly praised. The head of the Cabinet of Ministers, Adylbek Kasymaliev, instructed to achieve the planned indicators for customs duties for 2026, setting them at 142.6 billion soms, as well as to begin the implementation of tasks outlined in the Concept for the Development of the Customs Service for the period from 2026 to 2030.

30.01.2026, 15:49

Economy

In 2025, over 11,000 road signs were produced in Kyrgyzstan

According to the press service of the Ministry of Transport, in 2025 the "Production and Innovation Center" manufactured 11,386 road signs. In addition, during the specified period, 10,000 catadioptrs were produced and 8,271 meters of posts were prepared, made using polymer powder paint.

30.01.2026, 15:48

Economy / Exclusive

The Audit Chamber identified financial violations in the Ministry of Transport of the Kyrgyz Republic amounting to 2,251.5 million soms

According to the audit results conducted by the Accounts Chamber of the Kyrgyz Republic, financial violations were discovered in the Ministry of Transport and Communications of the Kyrgyz Republic, with a total amount of 2,251.5 million soms. The audit covered both the execution of the republican budget and the economic activities of the ministry, its divisions, and subordinate enterprises for the year 2024. According to the press service of the Accounts Chamber, of the specified amount,

30.01.2026, 15:37

Economy / Exclusive

Historical Milestone. Kyrgyzstan's International Reserves Set Records

Deputy Chairman of the National Bank Azat Kozubekov noted that the current level of international reserves has reached a record high for Kyrgyzstan. He explained: “This success is the result of the systematic and consistent work of the NBKR in managing international reserves. The National Bank has developed a strategy that includes clear measures and steps. Over the past year and a half, the main approaches to reserve management have been significantly reformed, demonstrating high efficiency.”

30.01.2026, 15:36

Economy / Exclusive

The Audit Chamber identified financial violations in the Ministry of Transport amounting to 2,251.5 million soms

In 2024, the Accounts Chamber of the Kyrgyz Republic conducted an audit of the execution of the republican budget in the Ministry of Transport and Communications, as well as its structural subdivisions and subordinate enterprises. According to the press service of the Accounts Chamber, during the audit, financial violations were discovered, totaling 2,251.5 million soms. Of this amount, 2,081.1 million soms are subject to recovery, and 1,668.4 million soms have already been reimbursed. The

30.01.2026, 15:33

Economy / Exclusive

Taxi Drivers of Jalal-Abad: Licenses Issued to 581 Drivers and Applications from Dozens More Under Review

In the Jalal-Abad region, the process of licensing taxi drivers continues and will not be suspended. This information was provided by police major Nurlan Sarkarov, an inspector in the traffic safety department of the regional police.

30.01.2026, 15:21

Economy / Exclusive

Over 873,000 declarations processed in the GTS in a year without increasing staff

In 2025, the State Customs Service recorded the processing of over 873 thousand declarations, which is a significant increase compared to 113 thousand in 2021. The Chairman of the Cabinet of Ministers, Adylbek Kasymaliev, emphasized that this impressive growth was achieved without expanding the workforce, due to the implementation of automation and digitalization in the work process, as well as a reduction in the influence of the human factor.

30.01.2026, 14:16

Economy / Exclusive

Customs control in Kyrgyzstan has been reduced from 5 hours to 1 hour

In 2025, significant digitization of processes related to customs control was carried out in Kyrgyzstan. The number of procedures for entrepreneurs was reduced: from 18 steps, it decreased to 9. Now the average time required to complete customs procedures is only 1 hour, and at some checkpoints, the processing takes just a few minutes. At the same time, the throughput has increased threefold, and this was achieved without increasing the number of staff.

30.01.2026, 13:47