Economy

The State Financial Supervision revoked the virtual asset operator license from "Data Group"

The State Financial Supervision Service (Gosfinadzor) has decided to revoke the license of the company "Data Group," which operates as a virtual assets operator. The main reason for this step was the failure to comply with regulations and violations of the laws governing the circulation of virtual assets, as stated in the official press release of the agency. During the conducted inspection, it was revealed that the specialized platform provided by the company is not operational,

29.10.2025, 12:08
Economy

More than 11,800 entrepreneurs in the Kyrgyz Republic received interest-free loans

As part of the initiative "Emergency Support for Micro, Small, and Medium Enterprises," interest-free loans totaling 9 billion 435 million 925 thousand soms have been issued. This was reported on "Birinchi Radio" by Bermet Musakozhoeva, the director of the credit line management department of the Ministry of Finance of Kyrgyzstan. As of October 1, 2025, since the start of the project, financial support has been provided to 11,821 entrepreneurs.

29.10.2025, 12:04
Kazakhstan Can No Longer Import Electric Vehicles Duty-Free
Economy

Kazakhstan Can No Longer Import Electric Vehicles Duty-Free

Kazakhstan has completed the use of the quota for duty-free import of electric vehicles established by the Eurasian Economic Union (EAEU). This has resulted in many cars being stuck at the border, with owners unable to retrieve their vehicles. This situation raises doubts about the sustainable development of the electric vehicle market in the country and undermines the course towards a "green" economy, reports Arbat Media.

29.10.2025, 12:03
Economy

Banks in Kyrgyzstan will be required to justify the pricing of their services

The National Bank of Kyrgyzstan has proposed amendments to a number of legislative acts related to pricing and antimonopoly control. The draft document is currently available for public discussion. The main objective of these changes is to create a competitive, transparent, and innovative environment in the banking and payment services sector in the country.

29.10.2025, 12:00
Agreement with China: A 250 MW Solar Power Plant Will Be Built in Kyrgyzstan
Economy

Agreement with China: A 250 MW Solar Power Plant Will Be Built in Kyrgyzstan

During the international forum held in Suzhou, an investment agreement was signed between the Ministry of Energy of the Kyrgyz Republic and Chinese companies regarding the construction of a solar power plant with a capacity of 250 MW. This information was provided by the press service of the Ministry of Energy. The document was signed by the Minister of Energy of the Kyrgyz Republic, Talaybek Ibraev, the president of States Technology Co., Limited, Liu Fernando Oscar, and the general director

29.10.2025, 11:44
Economy

Tobacco Production in Kyrgyzstan Has Increased - National Statistics Committee

The National Statistical Committee reported a significant increase in the production of tobacco products in Kyrgyzstan. According to their report, during the first nine months of 2025, the production volume reached 25 million 684.7 thousand soms at current prices. This amount of production is twice the volume recorded for the same period last year.

29.10.2025, 11:33
Economy

Adylbek Kasymaliev: The EBRD is a Reliable Partner for Kyrgyzstan

The Cabinet of Ministers held talks with EBRD Vice President Matteo Patrone. During the discussion organized by the press service of the Cabinet of Ministers, the parties touched upon the most important aspects of bilateral cooperation, as well as the prospects for implementing key projects in areas such as energy, infrastructure, and support for private business.

29.10.2025, 11:25
Economy

The cluster approach will demonstrate the opportunities to develop industry sectors rather than building separate and isolated enterprises, - E. Alisherov

The National Sustainable Development Program of the Kyrgyz Republic, designed until 2030, is based on four key areas. This was reported by the head of the EEU Affairs Sector in the Presidential Administration, Eldar Alisherov, during the International Scientific and Practical Conference dedicated to the topic "Ways to Address Priority Tasks for Accelerated Economic Growth of the Kyrgyz Republic" on October 29. Alisherov outlined four vectors that will define the sustainable

29.10.2025, 11:25
E-commerce has become a driver of small and medium-sized businesses in Kyrgyzstan
Economy / Exclusive

E-commerce has become a driver of small and medium-sized businesses in Kyrgyzstan

In Kyrgyzstan, electronic commerce is rapidly gaining popularity, accounting for more than 14% of the country's total retail turnover. This was stated by Aibek Kurentkeyev, president of the Association of Electronic Commerce of the Kyrgyz Republic, on the air of Birinchi Radio. According to him, the volume of electronic trade in the country at the end of last year amounted to approximately 428 million dollars. This year, a growth of 15% is expected, which means at least about 525 million

29.10.2025, 10:17
Economy

Kyrgyzstan Could Transition from a Landlocked Country to a Transit Country, According to an Expert

Igor Golubev, Deputy Head of the Association of International Freight Transport, proposed a new route for cargo transportation from Central Asia to Russia, which will pass through the Caspian Sea. This statement was made at a panel session of the international exhibition KyrgyzTransLogistic 2025. According to him, the route includes the transportation of goods from the port of Turkmenbashi (Turkmenistan) to the port of Astrakhan (Russia), which should significantly improve logistics in the

29.10.2025, 09:48
Economy

In Bishkek, parking for electric scooters may be built

As reported on October 29 by Tilek Sulaymanov, the head of "Yandex Kyrgyzstan," plans are underway to create between 200 and 300 parking spots for electric scooters in Bishkek. He noted that a meeting between representatives of the city administration and scooter-sharing companies took place in mid-October. During the discussions, issues concerning the safety of individual mobility devices on sidewalks were addressed.

29.10.2025, 09:37
At the GNS, issues of export and re-export were discussed
Economy / Exclusive

At the GNS, issues of export and re-export were discussed

Kubanychbek Isabekov, Deputy Chairman of the State Tax Service under the Government of the Kyrgyz Republic, held a meeting with business representatives to discuss important aspects of goods export. The event was organized to support exporters and those engaged in re-export within the framework of the Eurasian Economic Union (EAEU). During the meeting, participants were given recommendations on issues related to crossing borders, preparing accompanying documents, obtaining certificates of

29.10.2025, 08:57
Economy

Kyrgyzstan will start printing banknotes of 20 and 50 soms independently

Starting from November 17, Kyrgyzstan will begin printing banknotes in denominations of 20 and 50 soms. This announcement was made during the opening of the new building of the National Bank of the Kyrgyz Republic, an event attended by President Sadyr Japarov, which took place on October 28. The president's press secretary, Askat Alagozov, posted a video on Facebook where Japarov clarifies when exactly Kyrgyzstan will start printing its own banknotes.

29.10.2025, 08:08
Economy

EBRD to allocate up to 400 million for the development of municipal infrastructure in the Kyrgyz Republic

The Minister of Finance Almaz Baketaev and Matteo Patrone, Vice President of the European Bank for Reconstruction and Development, signed a memorandum of understanding. This document will serve as the basis for preparing a framework agreement aimed at supporting priority projects in areas such as municipal infrastructure, irrigation, and transportation. The total amount of investments under the agreement is up to 400 million euros, according to information from the ministry's press

29.10.2025, 08:03
Economy

Kyrgyzstan Aims to Double Agricultural Exports by 2030

Kyrgyzstan sets an ambitious goal — to double the volume of agro-export by 2030. This was announced by Rustam Baltabaev, acting director of the Association for the Development of the Agro-Industrial Complex of the republic, during a panel session at the international exhibition KyrgyzTransLogistic 2025. He noted that in accordance with the presidential decree signed last year, more than 35 areas have been identified concerning the support of exports, processing of agricultural products, and

29.10.2025, 07:41
The GNS clarified who is required to use KKM, ETTN, and ESF
Economy

The GNS clarified who is required to use KKM, ETTN, and ESF

“These tools create a fair and effective tax system” The State Tax Service of the Kyrgyz Republic has provided information on cases when taxpayers are required to use electronic waybills (ETTN), electronic invoices (ESF), and cash register machines (KKM).

28.10.2025, 20:31
Economy

In November, banknotes of 20 and 50 soms will begin to be printed in Kyrgyzstan

In Kyrgyzstan, the printing of new banknotes in denominations of 20 and 50 soms will begin on November 17. This information was announced at the opening ceremony of the new building of the National Bank of Kyrgyzstan, where President Sadyr Japarov was present. The president's press secretary, Askat Alagozov, posted a video in which Japarov clarifies whether there are plans to start independent printing of banknotes in the country by the end of the year.

28.10.2025, 20:06
Economy

EBRD plans to allocate up to €400 million to social projects. Memorandum signed

The Vice President of the European Bank for Reconstruction and Development (EBRD) Matteo Patrone and the Minister of Finance of Kyrgyzstan Almaz Baketaev signed a memorandum that paves the way for the preparation of a framework agreement. This agreement will focus on supporting key projects in the areas of irrigation, transport, and municipal infrastructure with a total financing volume of up to 400 million euros, according to information from the Ministry of Finance's press service. This

28.10.2025, 17:39
Economy

Payments to Kyrgyzstan from EAEU countries for duties continue to decline

From January to September of this year, Kyrgyzstan received 16 billion 685.1 million soms in import customs duties from EAEU countries, according to the Ministry of Finance. Compared to the same period last year, revenues from EAEU countries decreased by 968 million 818.8 thousand soms, which is a decline of 5.4%.

28.10.2025, 17:32
In the National Bank of Kyrgyzstan's storage, there are about 55 tons of gold.
Economy / Exclusive

In the National Bank of Kyrgyzstan's storage, there are about 55 tons of gold.

Currently, the storage of the National Bank of the Kyrgyz Republic holds about 55 tons of gold, as reported by the Deputy Chairman of the NBKR, Melis Attokurov, at the opening of the bank's new building. President Sadyr Japarov noted in his speech that the new building has become the largest storage facility in the country, meeting international standards. According to him, the previous storage conditions were not optimal, and often gold had to be stored in foreign banks. Now that the

28.10.2025, 17:24
Economy

Tobacco Production is Growing in Kyrgyzstan

According to the data from the National Statistical Committee, from January to September of this year, tobacco products worth 25 million 684.7 thousand soms were produced in Kyrgyzstan, which is equivalent to 0.3 million US dollars. This figure is twice the production volume for the same period last year.

28.10.2025, 17:15
Economy

Salaries in Education Are Growing Slower Than in Other Sectors

According to the latest data from the National Statistics Committee, the average nominal salary in Kyrgyzstan from January to August 2025 was 42,648 soms, which corresponds to a growth of 19.6% compared to the previous year. The highest salary growth is observed in sectors such as real estate operations, where the increase was 38.9% (up to 41,953 soms), construction with a growth of 36.8% (up to 52,132 soms), and administrative activities with an increase of 30% (up to 41,429 soms).

28.10.2025, 16:53
Economy

The revenues of the republican budget have sharply increased

According to information provided by the Ministry of Finance, from January to September of the current year, the revenues of the republican budget of Kyrgyzstan increased by 41.2% compared to the same period last year. Last year, during the same period, budget revenues amounted to 304 billion 316.3 million soms, while this year they reached 429 billion 742.5 million soms.

28.10.2025, 16:42
Economy

Kyrgyzstan sharply increased honey exports to one country

From January to August of this year, Kyrgyzstan increased its honey exports to China by 93.1% compared to the same period last year, according to data published by the National Statistics Committee. During these months, 73 tons of honey were shipped to China, while in the same period last year, this figure was 37.8 tons. The export value also increased, reaching 19.3 million soms.

28.10.2025, 15:53
Economy

Kyrgyzstan Achieved Concrete Results in the Field of Logistics - Minister of the EEC

At the online event dedicated to the opening of the second international exhibition of logistics, transport, and warehouse equipment KyrgyzTransLogistic 2025, the Minister of Energy and Infrastructure of the Eurasian Economic Commission, Arzybek Kozhoshev, reported significant progress in Kyrgyzstan's logistics sector. He emphasized the importance of such events for establishing cooperation between government structures, businesses, and international partners, as well as for technology

28.10.2025, 15:24
Development of Renewable Energy Sources in Kyrgyzstan: Proposed to Increase Project Capacity to 50 MW
Economy / Exclusive

Development of Renewable Energy Sources in Kyrgyzstan: Proposed to Increase Project Capacity to 50 MW

The Ministry of Energy of the Kyrgyz Republic has presented a draft law concerning amendments to the existing law "On Electric Power Industry," which has been put forward for public discussion. According to the explanatory note, this initiative aims to create more favorable conditions for the development of renewable energy sources (RES) and attract investments in this sector.

28.10.2025, 14:30
In the National Bank of Kyrgyzstan's storage, there are over 55 tons of gold
Economy / Exclusive

In the National Bank of Kyrgyzstan's storage, there are over 55 tons of gold

During the opening ceremony of the new building of the National Bank of the Kyrgyz Republic, the Deputy Chairman of the NBKR, Melis Attokurov, announced that the storage holds over 55 tons of gold. Sadyr Japarov, the president of the country, noted in his speech that the new bank building has become the largest storage facility in the country, meeting international standards.

28.10.2025, 14:24
Economy

The Minister of Energy urges café owners to save on outdoor lighting

The Minister of Energy, Talaybek Ibraev, appealed to café owners to save electricity, especially regarding outdoor lighting. This statement was made on the air of "Birinchi Radio." He emphasized the need for more rational electricity consumption and noted that many establishments continue to use outdoor lighting even during daylight hours.

28.10.2025, 14:16
The total revenue of residents of the Creative Industries Park for 2025 amounted to 516 million soms.
Economy / Exclusive

The total revenue of residents of the Creative Industries Park for 2025 amounted to 516 million soms.

At a press conference at the "Kabar" agency, the director of the Creative Industries Park, Kanyshai Mamytoova, announced that in 2025, the total revenue of the residents amounted to 516 million soms. She specified that the residents of the Park benefit significantly from a special tax regime. Instead of standard profit and VAT taxes, they pay a revenue tax annually. In 2023 and 2024, this tax was 0.5%, in 2025-2026 it will increase to 1%, and in 2027 it will be 2%.

28.10.2025, 14:00
Businessmen from Kyrgyzstan and China Discussed Counteracting Risks in Investment
Economy

Businessmen from Kyrgyzstan and China Discussed Counteracting Risks in Investment

Themed seminar titled "Legal Environment and Risk Mitigation in Investing in Central Asia" was held in Bishkek. The event was attended by the President of the Chamber of Commerce and Industry of Kyrgyzstan, Temir Sariev, as well as representatives of the business communities from both countries and experts in international arbitration, the press service of the institution reports. The main discussion topics included:

28.10.2025, 13:56