News about Kyrgyzstan, tourism, attractions, Kyrgyz cuisine, history, traditions, and customs
Exchange rates for November 5
Economy / Exclusive

Exchange rates for November 5

As of November 5, 2025, the National Bank has established the following official exchange rates against the som. The value of 1 US dollar (USD) is 87.4500 soms, which is slightly higher compared to the previous value of 87.4490. The euro (EUR) rate has increased to 100.6899 soms from 100.6844. The Russian ruble (RUB) has also appreciated, now priced at 1.0824 soms, up from 1.0793. The Kazakh tenge (KZT) has risen to 0.1675 soms, increasing from 0.1653. Against this backdrop, the Chinese yuan

05.11.2025, 08:12
Eshatov: Russia Promises to Fulfill the Plan for Duty-Free Supplies of Fuel and Lubricants
Economy

Eshatov: Russia Promises to Fulfill the Plan for Duty-Free Supplies of Fuel and Lubricants

In an interview with KNA "Kabar", the head of the Association of Oil Traders Kanatbek Eshatov stated that the supply of gasoline and diesel fuel from Russia continues, although the volumes have decreased. "The situation remains stable thanks to previously accumulated reserves. Our partners, with whom we maintain constant dialogue, assured that all obligations for duty-free supplies of petroleum products will be fulfilled by the end of the year," he noted. Eshatov also added

04.11.2025, 19:37
Economy

In China, a machine has been launched that melts gold and sends money to an account

In Shanghai, an automated machine called Kinghood has been introduced for accepting gold items. It not only evaluates their value but also transfers money to the owner's account. The entire process takes no more than 30 minutes. This device has already been dubbed a "gold ATM" in the press. The machine accepts items weighing from three grams and with a gold content of at least 50%. It analyzes the weight and composition of the metal, compares the price with quotes on the Shanghai

04.11.2025, 19:35
Eshatov: The Russian side promises to fulfill the plan for duty-free fuel supplies
Economy / Exclusive

Eshatov: The Russian side promises to fulfill the plan for duty-free fuel supplies

In an interview with KNA "Kabar," the head of the Association of Oil Traders, Kanatbek Eshatov, reported that gasoline and diesel fuel supplies from Russia continue, although the volumes have slightly decreased. "We are using previously accumulated reserves, and the situation remains relatively stable. Our partners, with whom we are in constant negotiations, assured us that all obligations for duty-free fuel supplies to the country will be fulfilled by the end of the year.

04.11.2025, 17:11
Will meat in Bishkek rise in price again? State price regulation ends on November 12.
Economy

Will meat in Bishkek rise in price again? State price regulation ends on November 12.

In Kyrgyzstan, the temporary state regulation of meat prices will end on November 12, which was introduced in August for three months to control the rising prices of beef and lamb. Within the framework of this regulation, the following maximum prices were established: 680 soms per kilogram of beef and 690 soms for lamb, excluding boneless cuts. During the implementation of these measures, the authorities monitored meat processing enterprises and wholesale warehouses, restricted exports, and

04.11.2025, 16:38
Economy

Customs clearance fees have started to bring more money to the budget

According to data published by the Ministry of Finance, from January to September of this year, the budget of Kyrgyzstan received twice as much from customs clearance fees compared to the same period last year. During the first six months of this year, the state treasury received 3 billion 915.3 million soms, significantly exceeding the 1 billion 898.9 million soms collected during the same period in 2022.

04.11.2025, 15:10
Kyrgyzstan Leads the EAEU in Construction Growth Rates
Economy / Exclusive

Kyrgyzstan Leads the EAEU in Construction Growth Rates

Kyrgyzstan has achieved significant success in the construction sector, becoming a leader among the countries of the Eurasian Economic Union. This is due to the growth of both domestic and foreign investments, which is an indicator of the country's economic progress. Construction plays a key role in the gross domestic product, and it is necessary to continue supporting the sustainable development of this sector. According to data at the end of the first nine months of 2025, the pace of

04.11.2025, 14:55
Economy

In Kyrgyzstan, penalties and fines will be calculated automatically

A new law has been adopted in Kyrgyzstan, amending the provisions of the Tax Code. Now, the accrual of penalties and fines will be carried out automatically, without the involvement of tax inspectors. The amount of these accruals will depend on the statute of limitations for tax debts. Changes also concern the procedure for fulfilling tax obligations. All taxes must now be paid exclusively in a cashless manner, including the use of digital soms and a Unified Tax Account.

04.11.2025, 14:41
Economy

In Kyrgyzstan, artificial intelligence will be implemented in tax administration

The government of Kyrgyzstan has instructed the Tax Service to implement an analytics system based on artificial intelligence and machine learning technologies to identify tax risks. According to the new decree, the digital platform will automatically process financial transactions and reporting, detecting "suspicious patterns" and generating lists of companies for verification without inspector intervention.

04.11.2025, 14:39
Economy

At the end of September, the Financial Supervisory Authority issued licenses to 18 leasing companies

According to the latest data provided by the Financial Market Regulation and Supervision Service, the number of leasing companies with licenses has significantly increased. In December 2024, there was only one organization operating in the market, which was the first to receive a license from the Financial Supervision Authority, and by the end of September 2025, their number had risen to 18. In the third quarter of 2025, 3,090 leasing agreements were registered, and the total volume of the

04.11.2025, 14:13
Economy

Kyrgyzstan and Russia Adjusted the Fuel Supply Plan for 2025

The Ministry of Energy of Kyrgyzstan has announced that an agreement has been reached with representatives of Russia regarding the revision of the indicative balance of duty-free supplies of petroleum products for the current year. According to the information from the ministry, the volume of diesel fuel supplies has been increased in accordance with the country's needs, while other types of petroleum products remain at the previous level.

04.11.2025, 14:07
Economy

In Kyrgyzstan, control over foreign operations for large businesses is being tightened

In Kyrgyzstan, there is a tightening of control over large taxpayers and tax agents, especially those interacting with foreign partners. According to new regulations, such companies are now required to disclose all their sources of income and foreign currency transactions. This information will be transmitted to the Tax Service as part of a unified system for exchanging financial data.

04.11.2025, 13:53
Economy

The Cabinet will require businesses to accept payment only by card.

The government of Kyrgyzstan has announced a new mandatory transition to cashless payments, which will be implemented as part of the tax administration reform. This decision is enshrined in the relevant decree. According to the new rules, all trading and service enterprises in cities are required to accept payments via bank cards and electronic wallets. To comply with this requirement, businesses will need to install POS terminals or connect to online payment systems.

04.11.2025, 13:28
Economy

Self-Ban on Lending. Why It Is Necessary and How to Establish It (Complete Guide)

According to information from the Ministry of Digital Development, a self-ban on lending is a free and voluntary mechanism that allows citizens to preemptively limit their ability to obtain loans and credits from financial institutions. The initiative was introduced by lawmakers and later signed by President Sadyr Japarov. This measure is aimed at protecting the rights and interests of citizens, as well as their financial independence, noted Bekhtur Aliyev, Deputy Chairman of the National Bank.

04.11.2025, 13:14
Economy

Sadyr Japarov criticized the Minister of Energy for the "Unlimited Tariff"

Sadyr Japarov expressed his dissatisfaction with the actions of the Minister of Energy of Kyrgyzstan, Talaybek Ibraev, related to the proposal from the JSC "National Electric Network of Kyrgyzstan" to switch to the "Unlimited Tariff" for electricity. This was reported by the president's press secretary, Askhat Alagozov, in his statement. In turn, the National Electric Network of Kyrgyzstan had previously announced the introduction of temporary restrictions on

04.11.2025, 12:59
Economy

How much has the maintenance of the presidential administration cost since the beginning of the year

From the beginning of January to the end of November 2025, the expenses for the activities of the President's Administration of the Kyrgyz Republic amounted to 682.1 million soms, which is lower than the planned 806.8 million soms. This data was provided as a result of an analysis of information from the "Open Budget". Of the total amount, 483.8 million soms was allocated for the salaries of permanent employees, while additional payments and compensations amounted to 255.4

04.11.2025, 12:51
Economy

Alcohol producers have increased payments to the budget of Kyrgyzstan

According to the Ministry of Finance, from January to September of the current year, the budget received 2 billion 772.2 million soms, which is equivalent to approximately $31.7 million from alcohol excise taxes. The largest amounts came from vodka sales — 1 billion 808.2 million soms, as well as from packaged beer — 710.3 million soms and cognac — 107.5 million soms.

04.11.2025, 12:48
Economy

Markets and shopping centers are required to monitor entrepreneurs and report to the State Tax Service.

In Kyrgyzstan, a new law has been adopted that significantly changes the rules of tax regulation. It introduces additional obligations for market and shopping center administrations, expands the powers of tax authorities, and implements a mechanism for a Unified Tax Account. According to the new regulation, market administrations are now required to monitor compliance with tax legislation by all entrepreneurs operating on their premises.

04.11.2025, 12:42
Kyrgyzstan Expands Honey Exports Through Online Sales
Economy

Kyrgyzstan Expands Honey Exports Through Online Sales

In Kyrgyzstan, the "Trade Facilitation" project has been launched, creating new horizons for producers of natural honey. At the National Round Table, project coordinator Saule Jumayeva spoke about how the initiative aims to develop online sales and promote Kyrgyz honey in foreign markets.

04.11.2025, 10:35
Exchange rates in commercial banks of Kyrgyzstan on November 4
Economy

Exchange rates in commercial banks of Kyrgyzstan on November 4

Information is collected from the official 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 apply to cash currency exchange. Rates may change throughout the day.

04.11.2025, 09:47
Economy

Since the beginning of the year, over 77 million soms have been received in the budget from the mining tax

According to the data from the National Statistical Committee, from January to September 2025, the budget of Kyrgyzstan received 77 million 73.5 thousand soms from the mining tax. These revenues significantly exceed the similar figures from the previous year. In comparison with the same period in 2024, when tax revenues amounted to only 38 million 163.7 thousand soms, the current figures indicate a twofold increase.

04.11.2025, 07:54
Economy

Kyrgyzstan Maintains Leadership in the EAEU in Terms of Growth in Construction Volume

Kyrgyzstan continues to hold the first place in the Eurasian Economic Union in terms of the growth rate of construction work volume. This is confirmed by data published by the Eurasian Economic Commission. From January to August 2025, the total volume of construction work in the Union countries increased by 5.2% compared to the same period last year.

04.11.2025, 07:21
Economy

Kyrgyz Tailors in a Deadlock. Deliveries of Goods to Marketplaces Are Becoming Impossible

The tightening of VAT payment controls in Russia is leading to significant delays at the border, where hundreds of trucks are waiting for inspection. Due to stricter measures from the customs service, compliance with all regulations does not guarantee timely delivery of goods. Kyrgyz entrepreneurs working on marketplaces are facing serious obstacles. At the moment, they cannot deliver their goods to warehouses in Russia, which puts the business of nearly 30,000 local sellers at risk.

03.11.2025, 18:16
Economy

How NESK Assesses the Readiness of Kyrgyzstan's Energy System for the Autumn-Winter Period

Isabek Orozbaev, a representative of NESK, stated in an interview on "Birinchi Radio" that "the energy system of Kyrgyzstan is 100% ready for the autumn-winter period." He noted that preparations for the winter season begin in the summer and continue until mid-autumn. This year, NESK completed the installation of 611 kilometers of SIP-2 cables for 0.4 kV, 143 kilometers of SIP-3 for 10 kV, 36.7 kilometers of underground cables for 10 kV, as well as 575 transformer

03.11.2025, 17:20
Economy

Russia agreed to increase supplies of one type of fuel to Kyrgyzstan

Changes in the indicative balance of petroleum product supplies for 2025 have been agreed upon by the ministries of energy of Russia and Kyrgyzstan. This information was confirmed by the Ministry of Energy of Kyrgyzstan, as reported by Kaktus.media. "The indicative balance for 2026 will be adopted at the level of 2025, with the possibility of subsequent adjustments depending on actual consumption in Kyrgyzstan," the Ministry of Energy added.

03.11.2025, 17:06
Focus on Import Substitution. Kyrgyzstan Accelerates Achievement of Food Security
Economy / Exclusive

Focus on Import Substitution. Kyrgyzstan Accelerates Achievement of Food Security

President of Kyrgyzstan Sadyr Japarov has approved amendments to the Law "On Food Security of the Kyrgyz Republic." The main goal of the document is to ensure the domestic market of the country is supplied with essential socially significant food products produced within the country. Experts emphasize that over the past four years, the government has taken concrete measures to strengthen the agro-industrial sector and develop the processing industry. The priority is to provide the

03.11.2025, 16:43
Economy

The cause of the electricity shortage has been attributed to a force majeure situation.

According to Isabek Orozbaev, a representative of JSC "National Electric Network of Kyrgyzstan," there is an annual increase of 30,000 new subscribers to the electric networks in Kyrgyzstan. In a broadcast on "Birinchi Radio," he reported that over the past nine months this year, the number of subscribers has increased by 25,000. He noted that electricity consumption in the country is growing faster than its production. As an example, Orozbaev cited data from 2015, when

03.11.2025, 16:39
Economy

Miners in Kyrgyzstan Have Started Paying More Taxes

According to data published by the National Statistics Committee, from January to September of this year, tax revenues from mining amounted to 77 million 73.5 thousand soms. This is twice as much as in the same period last year, when the amount was 38 million 163.7 thousand soms.

03.11.2025, 15:57
NESC: Not enough power – switch to unlimited
Economy

NESC: Not enough power – switch to unlimited

The company announced the cost of the new tariff Consumers experiencing a shortage of power in their electricity supply may consider switching to an unlimited tariff. This was announced by Isabek Orozbaev, head of the electricity sales department of the National Electric Network of Kyrgyzstan JSC.

03.11.2025, 14:21
Economy

Gulnuru Toralieva Elected Co-Chair of the Kyrgyz-Azerbaijani Business Council

Gulnura Toralieva has become the co-chair of the Kyrgyz-Azerbaijani Business Council from the Kyrgyz side, as reported by the Chamber of Commerce and Industry of Kyrgyzstan. In her new position, she will focus on promoting business initiatives, strengthening business ties, and expanding cooperation between Kyrgyzstan and Azerbaijan.

03.11.2025, 13:34
Economy

Kyrgyzstan Maintains Leadership in the EAEU in Housing Construction Growth Rates

According to data from the Eurasian Economic Commission, from January to August, the volume of construction work in the EAEU countries increased by 5.2% compared to the same period last year. It is worth noting that in 2023, the construction sector became one of the key factors for the growth of Kyrgyzstan's gross domestic product, accounting for 7.9% of the total economy of the country for the period from January to September.

03.11.2025, 13:23
Economy

OJSC "Airports of Kyrgyzstan" made decisions regarding shares and new aircraft

An extraordinary shareholders' meeting of OJSC "Airports of Kyrgyzstan" took place on October 31, during which a number of important initiatives for the further development of the company were discussed and approved, the press service reports. One of the key decisions was to conduct an additional share issuance, known as the seventh emission.

03.11.2025, 11:47
The opportunities for partnership between the government, business, and investors were discussed in the Kyrgyz Republic.
Economy

The opportunities for partnership between the government, business, and investors were discussed in the Kyrgyz Republic.

In Bishkek, an event titled "New Architecture of Investment Policy: Partnership of the State, Business, and Investors" took place, during which participants discussed relevant proposals for improving law enforcement practices and creating a more comfortable investment environment in Kyrgyzstan. As part of this meeting, a memorandum of cooperation was signed between the National Investment Agency under the President of the Kyrgyz Republic, the General Prosecutor's Office, and

03.11.2025, 11:30
Catfish has risen in price against all currencies except the dollar. Exchange rate as of November 3.
Economy

Catfish has risen in price against all currencies except the dollar. Exchange rate as of November 3.

Photo from the internet. The Russian ruble continues to remain unstable — its exchange rate fluctuates between significant growth and sharp decline According to information provided by the National Bank of Kyrgyzstan and exchange offices in Bishkek, the exchange rates of the euro, Russian ruble, Kazakh tenge, and Chinese yuan have shown a decrease. Meanwhile, the dollar exchange rate remained unchanged. US Dollar:

03.11.2025, 10:27