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

Economy

Exchange Rate at the Moscow City Duma on October 24: The Ruble Has Devalued, But What About the Dollar?

On the morning of October 24, the exchange rates at the exchange offices on the Moscow City Council look as follows:

24.10.2025, 07:44

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

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

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

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

Economy

Three Years of Alcohol Monopoly. Has the Alcohol Industry Been Brought Out of the Shadows? (Video Report)

The introduction of a state monopoly on the production of ethyl alcohol in Kyrgyzstan has sparked much debate among producers. The main reason for this decision was the need to combat counterfeit products and the shadow market. Currently, the Kara-Baltin Alcohol Plant is the only producer in the country. The plant, which opened in 1942, ceased operations in 2015 but was relaunched in 2020.

23.10.2025, 18:59

Economy

The Prosecutor General's Office has ordered the internet platform to pay $2.9 million in taxes

Most likely, this refers to the marketplace Temu

23.10.2025, 18:23

Economy / Exclusive

A large fish processing plant will be built in the Jalal-Abad region.

The laying of a capsule took place in the Jalal-Abad region at the territory of the fish farming enterprise "Salih and Co." This event marked the start of the implementation of an ambitious investment project to create an industrial fish farming cluster of a full cycle, estimated at 11.8 million US dollars. This information was published by the Ministry of Agriculture of the Kyrgyz Republic. Bakyt Torobaev, Deputy Minister of Water Resources, Agriculture, and Processing Industry,

23.10.2025, 18:04

Economy

Near the "Ak Zhol" checkpoint, exchange points were dismantled. The NBKR named the reason.

- In a live broadcast on the platform of the National Bank, Ravshanbek Murzaliev, head of the group overseeing exchange offices, spoke about measures being taken against illegal operations. According to Murzaliev, fines have currently been imposed on 132 individuals operating without a license, totaling 2 million 310 thousand soms.

23.10.2025, 18:01

Economy

At "Kapital Bank," two members of the board of directors have been changed.

Recent changes in "Capital Bank" concern the composition of the board of directors, as reported by the Kyrgyz Stock Exchange. At an extraordinary shareholders' meeting held on October 22, a decision was made to prematurely terminate the powers of two board members: Salamat Chynybekov and Mavlut Ashirbekova.

23.10.2025, 17:48

Economy

In Kyrgyzstan, a decrease in sugar production is expected due to weather conditions, - Ministry of Agriculture

In 2025, Kyrgyzstan will face a decrease in sugar production volumes due to unfavorable weather conditions that have negatively affected the sugar beet harvest. This was stated on October 23 in an interview with the radio by Uran Chekirbaev, head of the food security department of the Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic. Chekirbaev noted that in 2024, Kyrgyzstan achieved full self-sufficiency in six key food products; however, this year there

23.10.2025, 17:38

Economy

Milk production decreased by 6.2% over the year — to 37.7 thousand tons

- From January to August 2025, meat production decreased by 1%, amounting to 10.4 thousand tons. This information was provided in the materials of the National Statistical Committee. Additionally, a decrease in the volume of processed milk by 6.2% was noted, which amounts to 37.7 thousand tons. In contrast, the production of unrefined vegetable oils increased by 14.5%, reaching 5.98 thousand tons.

23.10.2025, 17:07

Economy

Kyrgyzstan Requests the EEC to Extend Import Customs Exemption for Electric Vehicles

Kyrgyzstan has submitted an initiative to the Eurasian Economic Commission requesting an exemption from import customs duties on 15,000 electric vehicles in 2026. This information was posted on the official website of the EAEU. This measure in the field of customs regulation aims to reduce carbon dioxide emissions and improve the environmental situation in cities.

23.10.2025, 16:32

Economy

EU Sanctions Against Russia: Banks of Kyrgyzstan and Tajikistan End Up on the List

The 19th package of sanctions against Russia was recently approved by the European Union and published in the official EU journal. According to the new restrictions, they apply not only to Russian companies and banks but also affect businesses from Central Asia, China, India, and Thailand.

23.10.2025, 15:57

Economy

Kyrgyzstan Increased Imports of Water, Sugary Drinks, and Soft Drinks by Nearly One and a Half Times

According to data from the National Statistics Committee, from January to August of this year, Kyrgyzstan increased the import of these goods by 43.2% compared to the same period last year. The total volume of imported carbonated beverages amounted to 183 million 49.8 thousand liters, while during the same period last year, 127 million 779.6 thousand liters were imported.

23.10.2025, 15:52

Economy

The European Union approved the 19th sanctions package against Russia: the list includes companies from the Kyrgyz Republic

According to a statement by Kaia Kallas, head of European diplomacy, the European Union has approved a new, 19th package of sanctions against Russia. As part of this package, the restrictions apply not only to Russian companies and banks but also to businesses from Central Asia, India, China, and Thailand.

23.10.2025, 15:49

Economy

The EDB has once again improved the forecast for Kyrgyzstan's economic growth in 2025.

According to the EFSR forecasts, by the end of 2025, the gross domestic product of Kyrgyzstan will grow by 9%. This information is contained in the fund's review. The reason for the improved forecast is the active development of the construction sector, which is showing significant growth due to increased investment activity in industry and the expansion of housing construction under the "My Home" program.

23.10.2025, 15:35

Economy

It has been announced how much electricity was produced in Kyrgyzstan this year

According to data from the National Statistical Committee, from January to September of this year, Kyrgyzstan produced 11 billion 317 million kilowatt-hours of electricity, which is 11.3% more than in the same period last year, when production amounted to 10 billion 167.3 million kilowatt-hours. It is worth noting that in mid-September, authorities warned citizens about the need for "regulatory measures".

23.10.2025, 15:33

Economy

The Economy of Kyrgyzstan Will Grow Faster than All Central Asian Countries, but the Risks Are Too High

The IMF has presented its growth forecast for economies around the world, including the Middle East and Central Asia region. Overall, despite trade tensions and conflicts, the region demonstrates stability, although potential risks may affect the current situation. The Director of the IMF's Middle East and Central Asia Department, Jihad Azour, noted that economic growth has exceeded expectations, and the negative impact of high U.S. tariffs and geopolitical conflicts has proven to be

23.10.2025, 15:20

Economy

Exchange rates in commercial banks of Kyrgyzstan on October 23

Information was gathered from various commercial bank websites. If you have any questions regarding the provided data, it is recommended to contact the respective banks directly. The data is current as of the time of publication. The presented rates pertain to cash currency exchange and may change throughout the day.

23.10.2025, 15:16

Economy

In Kyrgyzstan, a price increase of up to 15% for fuel is forecasted.

According to the State Agency for Antimonopoly Regulation of Kyrgyzstan, prices for fuel and lubricants (F&L) are expected to rise by approximately 15%. The agency is conducting price control measures to prevent unjustified increases, based on an agreement signed in 2023 with major oil traders such as OsOO "Munayprom," OsOO "Alpha Oil," "Rosneft," OsOO "Shnos," and "Partnerneft."

23.10.2025, 15:10

Economy

Revenue to the budget increased manifold after the monopolization of alcohol production

The State Agency for Management of State Property reported that Kyrgyzstan's alcohol products received high marks at international competitions held in Moscow and Minsk. At the international competition "Best Alcohol" in Moscow, ethyl alcohol from Kyrgyzstan was awarded two silver medals, confirming its compliance with global quality standards. Additionally, at the alcoholic and non-alcoholic beverages competition "Zalaty Kelik," which took place in Minsk, Belarus,

23.10.2025, 15:08

Economy

A fish processing plant will be built in the Jalal-Abad region.

The implementation of an investment project to create an industrial aquaculture cluster will begin at the fish farm "Salikh and Co" in the Jalal-Abad region, with a total cost of $11.8 million. According to the press service of the Ministry of Water Resources, Agriculture, and Food Processing Industry, the project includes the construction of a fish farming facility for breeding fish in cages at the Kurpsay Reservoir, a sturgeon farm in the village of Kumush-Aziz, as well as a fish

23.10.2025, 15:06

Economy

Fuel prices may soar by 15 percent - authorities discuss emergency measures

According to information received from the Antimonopoly Regulation Service, a 15% increase in fuel prices is predicted in Kyrgyzstan. Experts have determined that the main reasons for this price hike are geopolitical events in Russia and a shortage of petroleum products. As a result, Kyrgyz oil traders are facing supply restrictions, as Russian producers prefer clients willing to pay more.

23.10.2025, 15:04

Economy

Reserves of the National Bank of Kyrgyzstan in gold and currency increased by almost 2.7 times

The reserves of the National Bank of the Kyrgyz Republic from the revaluation of foreign currency and monetary gold reached 182.4 billion soms, according to the regulator's financial report for the third quarter of 2025. This figure is nearly three times higher than the results of the same period last year, when reserves amounted to 68.4 billion soms.

23.10.2025, 14:41

Economy

Checks at the Checkpoints. Inspectors of the Ministry of Water Resources and Agriculture will be equipped with body cameras

The Ministry of Water Resources, Agriculture, and Processing Industry has begun equipping inspectors from veterinary, phytosanitary, land, and water services with body cameras at border control points. The agency emphasizes that the main goal of this innovation is to improve the transparency and legality of actions on the ground, enhance discipline and accountability among employees, as well as protect the rights of citizens and honest businessmen.

23.10.2025, 14:36

Economy

The EFSR reported on how the Ministry of Finance of the Kyrgyz Republic allocated funds from the placement of Eurobonds.

In May 2025, the Kyrgyz Republic issued eurobonds worth $700 million, which led to an increase in external debt by 3.4%, bringing its share to 27.9% of gross domestic product (GDP). This data is presented in the report of the Eurasian Fund for Stabilization and Development. According to analysts' information, the funds raised from the issuance of eurobonds were used for the recapitalization of JSC "Eldik Bank." In turn, this bank invested these funds in 15-year government

23.10.2025, 14:35

Economy

Balcony glazing in Bishkek can only be done after approval from the Ministry of Construction and neighbors.

In the capital of Kyrgyzstan, Bishkek, new rules regarding glazing, increasing space, and insulating balconies have been introduced. This was reported by Aigerim Estebesova, a representative of the Ministry of Construction, in an interview on "Birinchi Radio". She noted that previously there were no clear regulations governing these processes; however, now, according to the Law "On Urban Planning and Architecture," it is necessary to obtain approval for project and estimate

23.10.2025, 14:21

Economy

In 2024, mutual trade within the EAEU increased by 9.1 percent

A meeting was held at the press center of the Eurasian Economic Commission, featuring Ernard Bakenov, the director of the entrepreneurship development department of the EEC, and Altynai Omurbekova, the director of the labor migration and social protection department. Photo by the EEC press service

23.10.2025, 14:15

Economy

Ruble, Euro, and Tenge Have Decreased Against the Som. Currency Rates as of October 23

Photo from the internet. The Russian ruble continues to decline after a recent rise According to information from the National Bank of Kyrgyzstan and exchange points in Bishkek, there has been a decrease in the official exchange rates of the euro, Russian ruble, and Chinese yuan. The US dollar and Kazakh tenge, on the other hand, have maintained their stability. US Dollar:

23.10.2025, 14:06

Economy

The volume of transactions with stablecoins worldwide exceeded $46 trillion in a year

According to the annual report State of Crypto 2025, prepared by the venture capital firm Andreessen Horowitz, the total number of cryptocurrency owners worldwide has exceeded 700 million, with the number of active users ranging from 40 to 70 million. This year has become significant for the industry. Photo from the Andreessen Horowitz report

23.10.2025, 13:56

Economy

The USA announced sanctions against the companies "Rosneft" and "Lukoil"

U.S. Treasury Secretary Scott Bessent announced the introduction of new sanctions against two leading oil companies in Russia — "Rosneft" and "Lukoil." This statement was made through the ministry's press service. Bessent noted that these companies "support the Kremlin's military efforts," while President Donald Trump is striving to end the conflict.

23.10.2025, 13:44

Economy

In Kyrgyzstan, 400 deposits are being developed

Over 1,000 deposits registered in the republic Currently, more than 1,000 deposits belonging to 51 categories of mineral resources are registered in Kyrgyzstan, according to information provided by the Ministry of Natural Resources of the Kyrgyz Republic.

23.10.2025, 12:21

Economy

Alcohol, cigarettes, and sugary drinks may double in price in Kyrgyzstan

An initiative to combat harmful products has been launched in Kyrgyzstan The Deputy Minister of Economy of the Kyrgyz Republic, Choro Seyitov, announced that prices for alcohol, cigarettes, and sugary drinks may double.

23.10.2025, 12:05

Economy

Salaries in universities do not please teachers

Will starting salaries for young specialists be increased? According to the Ministry of Economy and Commerce, the average salary in Kyrgyzstan from January to June 2025 was 42,020 soms, which is an increase compared to the previous year.

23.10.2025, 11:58

Economy

India and Central Asia: 6 Steps to New Cooperation

Central Asia has significant geo-economic potential for India due to its strategic location, which connects Asia and Europe. India is actively developing its relations with the countries of the region and is ready to offer its knowledge and technologies in areas such as petrochemicals, pharmaceuticals, transportation, and logistics, as reported by the press service of the Eurasian Development Bank.

23.10.2025, 11:48

Economy

New Scooter Rules Come into Effect in Uzbekistan. What Has Changed?

Starting from October 1, new requirements have been introduced in Uzbekistan for moped and scooter drivers: it is now necessary to have a state registration number and a driver's license. The publication "Gazeta" conducted a survey among couriers who faced difficulties due to these changes, as well as investigated the situation in driving schools and delivery services.

23.10.2025, 11:41

Economy

Kamchybek Tashiev transferred special equipment to the Ak-Talinsky district, purchased with funds from the President's Stabilization Fund.

The Deputy Chairman of the Cabinet of Ministers and Head of the State National Security Committee (GKNB) Colonel General Kamchybek Tashiev visited the Naryn region on a working trip, during which special equipment was handed over to the Ak-Talinsky district. This information was provided by the GKNB press service. At the beginning of the event, the Chief of Staff of the President Kanibek Tumanbaev introduced the GKNB Chairman to the new equipment. As part of the project, 110 million soms were

23.10.2025, 11:32

Economy

The Ministry of Transport of the Kyrgyz Republic commented on the statements of expert Andrei Belov

In his article, Belov pointed out that significant changes occurred in the freight transportation sector in Central Asia in 2025. He emphasized that the change in transit routes from China through Kazakhstan created an opportunity for Kyrgyzstan to double its freight flow; however, the republic was unable to take advantage of this opportunity due to a lack of systemic solutions, staffing issues, and poor infrastructure.

23.10.2025, 11:25

Economy

Interview with the President of the Association of Oil Traders of the Kyrgyz Republic on the Situation in the Fuel Market

In an interview with the President of the Association of Oil Traders of the Kyrgyz Republic, Kanatbek Eshatov, current issues in the fuel market were discussed.

23.10.2025, 11:24

Economy

In Kyrgyzstan, more than 90 PPP projects worth 434 billion soms are being implemented, - Amangeldiev

At the IV International Conference on Public-Private Partnership in Kyrgyzstan, the First Deputy Chairman of the Cabinet of Ministers Daniyar Amangeldiev reported on the implementation of more than 90 PPP projects, with a total cost exceeding 434 billion soms. According to him, updated legislative acts on "Investments" and "Public-Private Partnership" will come into effect in 2025, creating transparent conditions for cooperation between the state and business, ensuring equal

23.10.2025, 11:18

Economy

In the Kyrgyz Republic, the yield of certain crops in 2025 decreased due to a lack of irrigation water, - Ministry of Economy

- In the first nine months of 2025, the gross agricultural output of the country reached 348.4 billion soms, according to materials from the Ministry of Economy and Commerce. The real growth rate compared to the same period in 2024 was 100.9%.

23.10.2025, 11:18

Economy

The Accounts Chamber identified violations amounting to 72.7 million soms in the Ministry of Foreign Affairs of Kyrgyzstan

According to the results of the audit conducted by the Accounts Chamber of the Kyrgyz Republic, the Ministry of Foreign Affairs and its foreign institutions became the subject of an inspection covering the period from January 1, 2023, to December 31, 2024.

23.10.2025, 11:05

Economy

Construction of a large poultry farm for 185 million soms is nearing completion in Bazar-Korgon

The products will be aimed at meeting the needs of the markets in the Jalal-Abad and Osh regions. A large poultry farm capable of housing 100,000 chickens is being built in the village of Zharake in the Bazar-Korgon district. The project has a total cost of 185 million soms, as reported by the Ministry of Agriculture.

23.10.2025, 11:00

Economy

Import of electric vehicles to Kyrgyzstan may be exempt from a 15% duty.

- In Kyrgyzstan, it is planned to exempt a limited number of electric vehicles from a 15% duty in 2026. This information was announced by the Department of Customs Tariff and Non-Tariff Regulation of the Eurasian Economic Commission. According to the State Customs Service of the Kyrgyz Republic, by the end of September 2023, the limit for duty-free import of electric vehicles, set for 2025 at 10,000 units, was fully exhausted. As a result, a duty of 15% of the customs value is now charged on

23.10.2025, 10:47

Economy

In the Chui District, sugar beets were harvested from 600 hectares.

In 2025, the area allocated for sugar beet in the Chui region amounted to 1,559 hectares, as reported by representatives of the Ministry of Agriculture. Currently, harvesting work is actively continuing in the region. So far, beets have been harvested from 600 hectares of fields.

23.10.2025, 10:44