The company's net profit for the specified period amounted to 36 billion 900 million soms, which is also significantly higher than the planned 13 billion 373 million soms.
This year, the Jalal-Abad region plans to create 20 new industrial facilities. Currently, 11 of them have already been put into operation. This was reported by Nurlan Ermatov, the First Deputy Plenipotentiary Representative of the President, at a meeting dedicated to analyzing the socio-economic development of the region for the first nine months. He noted that three new facilities are expected to be launched in November, another four will be opened by the end of the current year, and two more
In the capital of Kyrgyzstan, Bishkek, a business forum dedicated to Central Asian Regional Economic Cooperation (CAREC) has started.
The Minister of Energy Talaybek Ibraev announced on his Facebook page that there is no expected electricity shortage in Kyrgyzstan. He urged the population to consume resources wisely. According to him, during the winter period, as in previous years, the country will import electricity from neighboring states at a price of 3 soms, while the population will be provided with it at a tariff of 1 som 37 tyiyns. The difference in cost will once again result in debt for the JSC "National
An operational headquarters has begun its activities at the Ministry of Economy and Commerce, established within the framework of the "Kyrgyz Export" center. Its main task is to respond promptly to entrepreneurs' requests and provide comprehensive consulting assistance for enterprises in the sewing and textile industry. This was reported by the ministry's press service. The headquarters is located on the first floor of the ministry building and operates daily from 9:00 AM to
The State Tax Service of the Kyrgyz Republic informs that according to the Law of the KR, adopted on October 29, 2025, there are plans to write off debts related to penalties, fines, and financial sanctions associated with insurance contributions. In particular, for payers of insurance contributions for state social insurance, the tax authorities will carry out the write-off:
According to information provided by Bloomberg, among the potential buyers of LUKOIL's assets outside of Russia are companies such as Exxon Mobil Corp., Abu Dhabi National Oil Co., and Carlyle Group. The source reports that the Russian oil company intends to sell its foreign assets as a single package, which creates challenges, as some interested parties would prefer to acquire them separately. Experts believe that LUKOIL's stance may lead to a "two-stage process" of sale.
Photo by the Press Service of the Ministry of Economy At the business forum of CAREC, the Minister of Economy and Commerce, Bakyt Sydykov, presented the key directions of the National Development Program of Kyrgyzstan, which is planned until 2030. He highlighted the main goals and objectives of this document for the participants of the event. According to the minister, the stable growth of the country's economy is ensured by a sound investment policy and the implementation of large
The National Bank of Kyrgyzstan updated the foreign currency exchange rates for November 19: The current price of the dollar is 87.44 soms, the euro is 101.3 soms, and the ruble remains stable at 1.7 soms.
According to information from the press service of CJSC "Kumtor Gold Company," during the first ten months of 2025, the company was able to earn 80 billion soms, while expectations were 55.1 billion soms. The company's net profit for the specified period amounted to 36 billion 900 million soms, which significantly exceeds the planned 13 billion 373 million soms.
The business forum of the Central Asian Regional Economic Cooperation (CAREC) is taking place in Bishkek. The agenda focuses on developing Kyrgyzstan's potential in the region. The Minister of Economy and Commerce, Bakyt Sydykov, delivered a detailed overview of the country's current economic indicators and presented the main goals and objectives of the National Development Program until 2030 to the forum participants.
The gross domestic product (GDP) shows impressive growth. How do the authorities explain the positive dynamics in the economy of Kyrgyzstan? Maintaining Growth RatesFrom January to October, the country's GDP amounted to 1 trillion 427.4 million soms, which corresponds to an increase of 10% compared to the same period last year, similar to the figures from the previous month.
Photo courtesy of the Ministry of Economy At the business forum of the Central Asian Regional Economic Cooperation (CAREC), the Minister of Economy and Commerce, Bakyt Sydykov, emphasized that the creation of a logistics hub is one of the priority areas within the framework of the National Development Program of Kyrgyzstan until 2030, according to information from the ministry's press service. The minister reported that in 2024, investments in the transport sector are planned to reach
As a result of an audit conducted by the Accounts Chamber of Kyrgyzstan, numerous violations of financial discipline were discovered in the State Agency for Management of State Property for the year 2024, totaling 948.4 million soms. Materials related to these violations have been sent to the General Prosecutor's Office and the State Committee for National Security for further legal assessment.
The Minister of Energy, Talaybek Ibraev, stated on his Facebook page that Kyrgyzstan will not face a shortage of electricity. He emphasized that the population should use electricity rationally. According to him, as in previous winter seasons, the republic will import electricity from neighboring countries at a price of 3 soms per kilowatt, while the tariff for the population will be 1 som 37 tyiyns.
The State Tax Service of the Kyrgyz Republic has announced the simplification of the tax registration process for those working on a patent basis.
In the first six months of 2025, 159,000 new jobs were created in Kyrgyzstan, which corresponds to an increase of 2.9 times compared to the same period of the previous year. This information was announced by the Chairman of the Cabinet of Ministers and Head of the President's Administration, Adylbek Kasymaliev, at a business forum dedicated to Central Asian Regional Economic Cooperation (CAREC): Developing the Regional Potential of the Kyrgyz Republic. He also noted that in the first ten
For four years, Kyrgyzstan's economy has shown impressive growth rates exceeding 9%. This was reported by Adylbek Kasymaliev, the Chairman of the Cabinet of Ministers and Head of the Presidential Administration, during a business forum within the framework of Central Asian Regional Economic Cooperation (CAREC), dedicated to the development of the country's potential. Kasymaliev noted that in the first ten months of 2025, the growth of the Gross Domestic Product (GDP) reached 10%. In
Photo 24.kg In Kyrgyzstan, there is complete self-sufficiency in beef and lamb production. However, global trends are affecting meat prices. Currently, the government is taking measures to control and restrain prices, but how effective will this be in the long term? Temporary state regulation measures: how long will they last?
The Minister of Energy, Talaybek Ibraev, stated that Kyrgyzstan will not face an electricity shortage during the winter period. However, he emphasized the importance of rational resource use. “As in previous winters, we will purchase electricity from neighboring countries at a price of 3 soms, while it will be supplied to the population at a tariff of 1 som and 37 tyiyns,” Ibraev noted.
The State Tax Service of Kyrgyzstan informs that according to the Law adopted on October 29, 2025, there will be a write-off of debts on penalties, fines, and financial sanctions related to insurance contributions. Specifically, the tax authorities will annul:
Currently, the second day of the Central Asian Regional Economic Cooperation (CAREC) business forum is taking place in Bishkek. The Minister of Economy and Commerce of Kyrgyzstan, Bakyt Sydykov, served as the keynote speaker, emphasizing that the creation of a logistics hub is an important direction in the implementation of the National Development Program of the country until 2030. Sydykov noted that in 2024, it is planned to attract about 200 million US dollars to the transport sector.
In Kyrgyzstan, significant activities are currently being carried out to provide the population with both drinking and irrigation water. According to the press service of the Ministry of Agriculture, this area is one of the key priorities of the state.
The Chairman of the Cabinet of Ministers and Head of the Presidential Administration, Adylbek Kasymaliev, spoke at a business forum dedicated to Central Asian Regional Economic Cooperation (CAREC), where the potential for the development of Kyrgyzstan was discussed. He noted that the country's strategic geographical location, situated between the largest markets in the region, as well as its young population, which forms the basis of the labor force, create favorable conditions for
Recently, the director of the National Investment Agency under the President of the Kyrgyz Republic, Ravshanbek Sabirov, held a meeting with a delegation consisting of representatives from the Netherlands, Turkey, and the USA. During the meeting, two significant investment projects related to green energy and agrotechnologies were presented. The delegation was headed by Yuzhel Akdeniz, president of the Public Foundation "Kyrgyz Green Infrastructure Fund." During the discussion, the
In accordance with the message from the Tax Service of the Kyrgyz Republic, according to the Law adopted on October 29, 2025, there will be a write-off of debts related to fines, penalties, and financial sanctions associated with insurance contributions. Specifically, for payers of insurance contributions for state social insurance, the following conditions are provided:
The discussions around mining farms in Kyrgyzstan have been ongoing for several years. For some, it symbolizes a new digital era, new jobs, and investments; for others, it poses a threat of overloading power lines and an additional risk to the already vulnerable energy system of the country. However, the reality is much more complex: mining can both threaten and provide opportunities, and this largely depends on the choices made by the government.
On the Moscow Council, the exchange rates for foreign currency at exchange points on the morning of November 19 are presented with the following values:
As of September 30, 2025, there were 21 commercial banks and 305 of their branches operating in the Kyrgyz Republic, according to information provided by the country's National Bank. Since the beginning of the current year, the total assets of the banking sector have increased by 38 percent, reaching 1,125.8 billion soms.
The National Alliance of Business Associations (NABA), which unites 87 entrepreneurial organizations in the country, held its annual reporting meeting, during which Melis Satarov, president of the Union of Entrepreneurs of Kyrgyzstan, was elected as the new leader of the alliance. This information was announced by representatives of the organization. Photo NABA. Melis Satarov has headed the National Alliance of Business Associations The organization noted that the election of Melis Satarov to
In Kyrgyzstan, changes have occurred in the tax registration process for individuals working under a patent. This was reported by the press service of the State Tax Service (STS). Now, the registration procedure for taxpayers using a patent has become more accessible.
Information was collected from the websites of various commercial banks. If you have any questions regarding the presented data, it is recommended to contact the banks directly. The exchange rates are current as of the time of publication and pertain to cash currency exchange. They may change throughout the day.
Photo 24.kg. Machine hall of the Toktogul HPP The press service of the Ministry of Energy of Kyrgyzstan reported the commissioning of the fourth hydro unit of the Toktogul HPP. According to the ministry, the reconstruction work has been successfully completed. Energy Minister Talaybek Ibraev officially launched the upgraded unit, as well as the second hydro unit of the Uch-Kurgan HPP.
In Kyrgyzstan, there is an increase in violations in the construction sector, according to data from the Ministry of Architecture, Construction, and Housing and Communal Services. In October 2025, there was a sharp rise in cases of illegal residential construction — from 9 to 99. Fines imposed on violators increased from 210,000 to 3,383,500 soms.
Photo from the internet. The som continues to strengthen after some weakening According to data from the National Bank of Kyrgyzstan and exchange offices in Bishkek, there is a decrease in the exchange rates of the dollar, euro, Russian ruble, and Chinese yuan. However, the Kazakh tenge, on the contrary, has strengthened. US Dollar:
At the ceremony of handing over new agricultural machinery to the Kyrgyz breeding plant, he emphasized the importance of systemic changes in this area.
The President of the Asian Development Bank, Masato Kando, has arrived in Kyrgyzstan for an official visit. This information was disseminated by the press service of the country's Ministry of Finance. During his working trip, the head of the ADB plans to participate in the 24th conference dedicated to Central Asian regional economic cooperation, which will focus on the theme "Green and Digital CAREC".
Masato Kando, the President of the Asian Development Bank (ADB), arrived in Bishkek to carry out work tasks, as reported by the Ministry of Finance. During his visit, he will participate in the 24th Ministerial Conference of Central Asia Regional Economic Cooperation (CAREC), which will focus on the theme "Green and Digital CAREC."
As of September 30, 2023, banks in Kyrgyzstan reported a net profit of 23 billion 146.8 million soms, which is equivalent to $264.5 million. This data was obtained from an analysis conducted by the National Bank. Since the beginning of 2025, compared to December of last year, the assets of the banking sector have increased by 38%, reaching 1 trillion 125.8 billion soms.
It is expected that the upgrade of two hydro units at the Uch-Kurgan HPP will be completed by the end of 2026. Energy Minister Talaybek Ibraev announced this during his trip to the Jalal-Abad region. According to him, the reconstruction of the second hydro unit has already been completed. The work began in 2024 with a complete replacement of the first unit, adding 9 MW. The second unit has also been upgraded and launched, with a similar increase in capacity. The remaining two units are planned
According to the latest report from the National Statistics Committee, from January to September, 7,415 cars were imported from the USA to Kyrgyzstan. This is 2,282 cars more than in the same period last year. However, the total value of imports decreased by 17.1%, amounting to $71.1 million. In total, during the specified months, 100,162 passenger cars were imported into the country for a total of $804.7 million, which is 1,887 cars less than the previous year.
In the context of rising food prices, the government of Kyrgyzstan is taking measures to stabilize them. This was reported by the press service of the Ministry of Water Resources, Agriculture, and Processing Industry. One of the steps taken is a temporary restriction on the export of live cattle, which is expected to increase its supply in the domestic market and help reduce price pressure. In addition, social sales points are being organized in collaboration with local akimats and the
Starting January 1, 2026, a new Tax Code will come into effect in the neighboring country In Kazakhstan, an updated Tax Code will take effect on January 1, 2026, bringing significant changes for businesses. Among the innovations are an increase in the VAT rate from 12% to 16%, as well as a rise in excise taxes on tobacco products, alcohol, and energy drinks.
In the Jalal-Abad region, the Minister of Energy of Kyrgyzstan, Talaybek Ibraev, conducted a working trip today, during which the reconstructed fourth hydro unit of the Toktogul HPP and the second unit of the Uch-Kurgan HPP were put into operation. The event was also attended by the representative of the region, Tilek Tekebaev, the General Director of the OJSC "Electric Stations," Alpbek Sadyrov, and the project manager for the reconstruction of the Toktogul HPP, Sergey Sakhovsky, as
For the first time since the end of April, the price of Bitcoin has fallen below the mark of 90 thousand dollars, according to trading platform data. The price of the most well-known cryptocurrency dropped by 5.96 percent, reaching a minimum value of 89.55 thousand dollars.
The Ministry of Water Resources, Agriculture, and Processing Industry, in collaboration with the government, is implementing a series of measures aimed at stabilizing prices for essential food products and ensuring the domestic market is supplied with the necessary volumes of goods. To prevent a rise in meat prices, a decision has been made to temporarily ban the export of live cattle, which should increase supply in the domestic market and reduce price pressure.
The State Agency for Land Resources, Cadastre, Geodesy, and Cartography has announced a revision of prices for its services, which will lead to an average increase in rates of 23%. As stated in the official announcement of the agency, the changes in rates are due to several factors, including rising inflation, increased operational costs, modernization of branches, and the implementation of digital initiatives. Among the new projects are the creation of electronic services for property
A draft law titled "On Amendments to Certain Legislative Acts in the Field of Tax Administration" has been put forward for public discussion. This project includes a comprehensive package of amendments concerning tax, administrative, and trade legislation. Among the amendments, the provisions of the Code on Non-Tax Revenues are clarified. Tax authorities are now required to consider requests for refunds or offsets of fees within 10 working days. If the request is deemed justified, the