Economy

US Sanctions. Foreign Assets of Lukoil to be Purchased by Oil Trader Gunvor Group

The Russian company Lukoil has come under U.S. sanctions and has agreed to the proposal from oil trader Gunvor Group to sell its foreign assets, excluding the possibility of negotiations with other interested parties. A press release states that "the key terms of the deal were agreed upon earlier... The sale of LUKOIL International GmbH is related to the imposition of restrictive measures by certain states against PJSC Lukoil and its subsidiaries."

30.10.2025, 17:12

Economy

The President signed the Law "On Consumer Credit". What has changed for Kyrgyzstanis

President Sadyr Japarov has approved the Law "On Consumer Credit," which was adopted by the Jogorku Kenesh on September 25, 2025. This was reported by the press service of the president's administration. This law does not apply to loans related to the purchase, construction, or completion of residential real estate unless provided for in its provisions. It establishes the rules for providing consumer loans, the terms of their contracts, the procedure for calculating and applying

30.10.2025, 16:11

Economy

Kyrgyzstan Fully Provides Itself with Six Socially Significant Products

The remaining three types of products are partially supplied through imports According to the Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic, in the first nine months, Kyrgyzstan was able to provide itself with six out of nine critically important food items.

30.10.2025, 16:11

Economy

Kyrgyzstanis can now impose a self-ban on loans - how to do it

To activate the self-ban mechanism on lending, you can use the Tunduk application. Starting from November 1, 2025, a self-ban mechanism for obtaining loans will come into effect in Kyrgyzstan. This was announced at a press conference in Bishkek by Azamat Jamangulov, the Minister of Digital Development and Innovative Technologies of the KR.

30.10.2025, 15:46

Economy / Exclusive

A Wave of Mass Layoffs Hits the Global Economy

The situation in the global labor market is becoming increasingly alarming: mass layoffs are affecting major companies in the US, Europe, and Asia. According to information from Reuters, many businesses around the world are ramping up layoffs, indicating a slowdown in economic growth. In September, over 25,000 layoffs were recorded in American companies, while logistics giant UPS announced plans to cut nearly 50,000 jobs since the beginning of the year.

30.10.2025, 15:46

Economy

The Central Bank named the main reasons for introducing the self-ban mechanism on loan issuance.

The Deputy Chairman of the National Bank, Bektur Aliyev, announced at a press conference in Bishkek on October 30 that the introduction of a self-ban mechanism on loans is aimed at protecting the rights and financial independence of citizens. He noted that there has been an increase in cases of online fraud in the country. "The National Bank receives numerous complaints about the illegal provision of online loans by banks and financial organizations," Aliyev stated.

30.10.2025, 15:22

Economy

The number of individual entrepreneurs in Kyrgyzstan has increased.

According to the latest analysis by the National Statistics Committee, the number of individual entrepreneurs in Kyrgyzstan increased by 4.1% over the past year. As of October 1 of last year, there were 386.9 thousand, and on the same date this year, their number rose to 403.1 thousand. The highest number of individual entrepreneurs is registered in Osh — 77.2 thousand, and in Bishkek — 69.2 thousand.

30.10.2025, 15:15

Economy / Exclusive

The Northern Bypass Will Relieve Bishkek of Traffic Jams — Construction is Ongoing Around the Clock

html

30.10.2025, 15:06

Economy

In Kyrgyzstan, the production of frozen berries is increasing

Favorable natural and climatic conditions for growing fruit and berry crops are observed in almost all regions of Kyrgyzstan. The Ministry of Water Resources, Agriculture, and Processing Industry notes that wild apple trees, apricots, strawberries, raspberries, strawberries, and currants grow in the country. Horticulture demonstrates high rates of development, especially in the Issyk-Kul region, where black and red currants, as well as apples and sea buckthorn, are actively cultivated. In the

30.10.2025, 14:20

Economy

Analysts voiced the risks of economic growth in Kyrgyzstan

In a recent report from the Eurasian Fund for Stabilization and Development, experts highlighted key risks that could impact Kyrgyzstan's economic growth from 2025 to 2028. They believe that financing the budget, which will require support for the inefficient energy sector, the implementation of major infrastructure projects (such as the Kambar-Ata Hydroelectric Power Station and the China-Kyrgyzstan-Uzbekistan railway), as well as for the recapitalization of the State Mortgage Company and

30.10.2025, 14:11

Economy

More Beer is Being Imported to Kyrgyzstan

According to data from the National Statistical Committee, the volume of imported beer in Kyrgyzstan from January to August increased by 9.7% compared to the same period last year. During these months, the republic purchased 10 million 277.7 thousand liters of beer for a total of $9.8 million.

30.10.2025, 14:07

Economy

In the city of Osh, Abulaev Street will be paved for 35 million soms.

In the city of Osh, the asphalting of Abulaev Street is planned, for which 35 million soms have been allocated. This information appeared on the state procurement portal. The municipal enterprise "Osh City Roads" has initiated a tender for the asphalting work from Jumabaev Street to Shamshiev Street.

30.10.2025, 13:22

Economy

A New Substation Has Appeared in Osh

Today, a new substation "Ken-Sai" began operations in the Ken-Sai massif of Osh. Construction work was completed ahead of schedule, as reported by the press service of the Ministry of Energy. The project was implemented by OJSC "National Electric Networks of Kyrgyzstan" with total investments amounting to 18,500.0 thousand soms.

30.10.2025, 13:05

Economy / Exclusive

A new substation has been put into operation in the city of Osh

A new substation "Kең-Sai" was opened in Osh on October 30. Attending the event were the Minister of Energy Talaybek Ibraev, the Mayor of Osh City Zhenishbek Toktorbaev, the General Director of the National Electric Networks of Kyrgyzstan OJSC Ilgiz Sydygaliev, and local residents.

30.10.2025, 13:03

Economy

The GDP growth of Kyrgyzstan is expected to be at 10 percent by the end of this year.

At the international scientific and practical conference "Ways to Solve Priority Tasks for Accelerated Economic Growth of the Kyrgyz Republic" in Bishkek, the Chairman of the Financial Market Regulation and Supervision Service, Marat Pirnazarov, stated that the expected growth of Kyrgyzstan's gross domestic product by the end of the current year will be 10 percent. Pirnazarov noted that there is an increase in activity in the securities market and growing interest from investors

30.10.2025, 12:47

Economy

How "Chuy Electric Networks" Prepares Kyrgyzstanis for Winter: Savings, Timely Payments, and "Smart" Meters

- The leading sales specialist for electricity at the branch "Chui Electric Networks" of the Open Joint Stock Company "National Electric Network of Kyrgyzstan," Meerim Bektemirova, revealed details of measures aimed at saving energy, timely payments, and the implementation of "smart" meters during the winter period in a radio interview. According to the government decree dated May 28, 2025, No. 282, work is actively underway with large consumers, such as cafes and

30.10.2025, 12:32

Economy / Exclusive

Beans as a Brand of Kyrgyzstan: A Processing Plant is Proposed to be Built in Talas

Beans are an important agricultural crop grown not only in Kyrgyzstan but also in China, India, and Southeast Asian countries. Each year, there is a growing interest in this product on the international stage. Kyrgyz beans are especially valued for their quality characteristics, making them attractive for export. However, local farmers face challenges related to market prices for their products. As a result, there is a need for a bean processing plant in the region. According to Erbol

30.10.2025, 12:21

Economy

What products does Kyrgyzstan provide for itself? List

As of the end of the nine months of the current year, the Kyrgyz Republic independently provides itself with six out of nine types of socially significant food products, as reported by the press service of the Ministry of Agriculture, Water Resources, and Processing Industry. This includes: potatoes; milk; meat; vegetables; eggs; sugar. The remaining three products are partially imported from abroad: baked goods (including grain crops); vegetable oil; fruits and berries. Starting in 2024,

30.10.2025, 12:15

Economy

The EBRD will allocate $500 million to participants of the Kambarata HPP-1 project

The Vice President of the European Bank for Reconstruction and Development (EBRD), Matteo Patrone, confirmed that the bank will actively participate in the construction project of the Kambarata HPP-1. This financing is part of the European Union's Global Gateway initiative. According to Patrone, the bank has already signed memorandums of understanding with the energy ministers of Kazakhstan, Kyrgyzstan, and Uzbekistan. He noted that the involvement of multilateral development banks is

30.10.2025, 12:08

Economy

The Entrepreneurship Development Fund has increased the amount of loans for livestock purchases.

According to the press service of the FRP, the maximum loan amount for purchasing livestock has now been increased from 2 million to 3 million soms.

30.10.2025, 12:04

Economy / Exclusive

Kyrgyzstan, Uzbekistan, and Tajikistan agreed to cooperate in construction

The meeting of the intergovernmental council of the CIS has concluded in Tashkent, where Kyrgyzstan, Uzbekistan, and Tajikistan discussed issues of cooperation in the construction sector. The event was attended by the Minister of Architecture, Construction, and Housing and Communal Services of the Kyrgyz Republic, Nurdin Oruntaev. According to information from the ministry's press service, the discussion covered the exchange of experience and the implementation of joint projects in the

30.10.2025, 11:58

Economy

Choro Seitov: Kyrgyzstan Must Become a Country Connecting Regions

Speaking online at a logistics exhibition in Bishkek, he emphasized that Kyrgyzstan aims to change its status from a landlocked country to a transit state. This implies a transition from the concept of "Land Locked countries" to "Land Linked country."

30.10.2025, 11:56

Economy

Exchange rates in commercial banks of Kyrgyzstan as of October 30

Information was gathered from the official websites of commercial banks. If you have any questions regarding the provided data, it is recommended to contact the respective banks directly.

30.10.2025, 11:53

Economy

GNS: Revenue of cafes connected to fiscal software increased sevenfold

The Tax Service of Kyrgyzstan reported significant successes within the framework of a pilot project for the implementation of fiscal software with data transmission capabilities. The program involves 546 catering establishments, as informed by the agency's press service. The total number of integrated fiscal software units used has reached 880.

30.10.2025, 11:27

Economy

Igor Golubev: Kyrgyzstan Should Have Its Own Navy

At the KyrgyzTransLogistic 2025 exhibition, held on the international stage, Igor Golubev, who holds the position of Deputy Chairman of the Association of Cargo Carriers of Kyrgyzstan, expressed the opinion on the necessity of creating a merchant fleet for the country, despite the lack of direct access to the ocean. He emphasized the importance of this step for the development of logistics and the business sector.

30.10.2025, 11:22

Economy

The dollar has depreciated. Currency exchange rates in commercial banks on October 30

The National Bank of Kyrgyzstan has established the following exchange rates as of October 30: The exchange rate of the dollar to the som remained unchanged, while the euro and the ruble experienced a decline after several days of growth.

30.10.2025, 11:20

Economy

Kyrgyzstan has become fully self-sufficient in sugar and eggs

According to information provided by the Ministry of Water Resources, Agriculture, and Processing Industry, the Kyrgyz Republic has been able to fully meet its domestic needs for six out of nine key food products. According to the agency's data, in the first nine months of 2025, the country fully provided itself with potatoes, milk, meat, vegetables, eggs, and sugar. At the same time, baked goods (grains), vegetable oil, as well as fruits and berries are partially imported.

30.10.2025, 11:18

Economy

Viktor Dosenko: No CIS Country Has Standards for Toll Roads

During the discussion at the KyrgyzTransLogistic exhibition, which is taking place in Bishkek, Viktor Dosenko, head of the International Academy of Transport, emphasized the lack of standards for toll roads in the CIS. He called for the necessity of their development, noting that the requirements for such roads should be significantly higher than for regular highways.

30.10.2025, 10:41

Economy / Exclusive

The Federal Tax Service has expanded the list of types of NGOs required to submit consolidated information on income and expenses.

The State Tax Service (GNS) has announced the expansion of the list of non-profit organizations that are now required to provide consolidated information about their financial flows. According to information from the agency, such organizations include political parties, religious associations, trade unions, and cooperatives. All of them must report on their sources of funding, as well as on the directions of the use of these funds and the property they acquire, use, or sell.

30.10.2025, 10:20

Economy

What Will Lead to the Budget Deficit of the Kyrgyz Republic in 2028, Forecasted by EFSD Analysts

The Eurasian Fund for Stabilization and Development (EFSD) has presented a medium-term analysis regarding the budget of Kyrgyzstan for the coming years. The conclusion of the report reflects the opinions of experts on the financial condition of the country. Forecasts indicate that during the years 2025-2027, the republic will have a budget surplus, which will allow it to meet obligations, particularly for the recapitalization of state enterprises in sectors such as energy, banking, and

30.10.2025, 10:14

Economy

GNS: The Project for Implementing the FPO Among Taxpayers is Effective

In the pilot project of the Tax Service of Kyrgyzstan aimed at implementing fiscal software (FS) with data transmission capabilities, 546 public catering establishments are participating. This information was provided by the agency's press service. According to the provided data, the number of integrated units of fiscal software has reached 880.

30.10.2025, 10:13

Economy

Euro, Ruble, and Yuan Have Decreased in Value. Currency Exchange Rates for October 30

According to the National Bank of Kyrgyzstan and exchange offices in Bishkek, the rates of the euro, Russian ruble, and Chinese yuan have decreased, while the Kazakh tenge has strengthened, and the dollar rate remained unchanged. US Dollar:

30.10.2025, 10:09

Economy

Exchange Rates at the Moscow City Council on October 30

The morning exchange rates for foreign currencies at the Mos Soviet on October 30 are as follows:

30.10.2025, 10:05

Economy / Exclusive

Exchange rates for October 30

As of October 30, 2025, the National Bank has announced the official exchange rates. US Dollar (USD) — 87.4500 (87.4500)

30.10.2025, 08:49

Economy

The great hydropower potential of the Kyrgyz Republic was noted in the president's administration.

At the international scientific and practical conference held in Bishkek titled "Ways to Address Priority Tasks for Accelerated Economic Growth of the Kyrgyz Republic," Eldar Alisherov, head of the Eurasian Economic Union sector of the presidential administration, stated that Kyrgyzstan has a huge hydropower potential reaching 140 billion kilowatt-hours. According to him, the country currently produces only 14-15 billion kilowatt-hours, which opens up opportunities for growth and

30.10.2025, 08:23

Economy

New Cities, Companies, and Banks. Which Entities Have Changed Their Names Since the Beginning of the Year

Since the beginning of 2021, Kyrgyzstan has been actively renaming old and creating new state structures. This process continues, and in 2025, significant changes were made to the names of cities, villages, streets, as well as new agencies and enterprises were established. Kaktus.media recalled the key changes that occurred this year.

29.10.2025, 18:26

Economy

Kyrgyzstan Participated in the Meeting of the CIS Council on Construction

The event took place in Tashkent On October 28, the 46th meeting of the Intergovernmental Council on Cooperation in the Construction Sector among CIS countries was held in Tashkent. Kyrgyzstan was represented by a delegation headed by the Minister of Construction, Architecture, and Housing and Communal Services, Nurdana Oruntaev.

29.10.2025, 18:23

Economy

Kyrgyzstan Wants to Obtain the Right for Duty-Free Import of 15,000 Electric Vehicles

In 2026, Kyrgyzstan submitted a request for permission to import 15,000 electric vehicles. This initiative has been presented for discussion on the platform of the Eurasian Economic Commission. If the proposal is approved, 15,000 vehicles corresponding to codes 8703 80 000 3 and 8703 80 000 5 according to the EAEU Customs Code will be allowed to be imported into the country duty-free. At the same time, only citizens of Kyrgyzstan will be able to use the electric vehicles.

29.10.2025, 17:47

Economy / Exclusive

Over 140 million soms allocated to support small and medium-sized businesses

In Kyrgyzstan, the project "Preferential Lending for Small and Medium Enterprises" is actively being implemented, aimed at supporting local businesses, developing regions, and promoting a "green" economy. According to the Ministry of Finance, as of October 9, 2025, 49 small and medium enterprises have received loans totaling 143.98 million soms under this project.

29.10.2025, 17:26

Economy

Pay and Enter: The KR Cabinet Proposed a New Tax for Tourists

Will tourists continue to visit Kyrgyzstan? The Government of the Republic of Kyrgyzstan has proposed to introduce a new tax for tourists. This decision is justified by the significant number of visitors and the need to finance the development of tourist infrastructure.

29.10.2025, 17:25

Economy

In Kyrgyzstan, the extraction of mineral resources continues to grow

According to the latest data from the National Statistical Committee, from January to September of this year, the volume of industrial production in Kyrgyzstan amounted to 511.4 billion soms in value terms. In the first half of the year, growth was also observed in other sectors: the volumes of electricity, gas, steam, and air conditioning supplies increased by 33.4%, while water supply, waste treatment and processing, as well as the collection of secondary raw materials grew by 23.5%. The

29.10.2025, 17:06

Economy

The National Bank raised the discount rate to 10 percent: what is behind this decision

Photo 24.kg The press conference held in the new building of the National Bank of Kyrgyzstan served as a platform where representatives of the main financial regulator explained why the decision was made to raise the discount rate to 10 percent and presented their economic forecasts for the coming months. Deputy Chairman of the National Bank Azat Kozubekov emphasized that this decision was driven by external economic factors contributing to increased inflationary pressure in the domestic

29.10.2025, 16:47

Economy / Exclusive

Kyrgyzstan Plans to Export Meat Products to Tajikistan

The "Kyrgyz Export" Center recently held a meeting with representatives of the Tajik Agency for Export in the Sughd region and the branch of the state unitary enterprise "Tajpromexport." The main goal of this meeting was to discuss issues related to mutual trade and increasing the volume of exports of products from Kyrgyzstan to Tajikistan. During the negotiations, emphasis was placed on the supply of meat products, as well as light industry goods and agricultural products.

29.10.2025, 16:28

Economy

Chinese Companies to Build Solar Power Plant in Batken

The area of the power plant will exceed 669 hectares At the international forum in Suzhou, China, the Ministry of Energy of Kyrgyzstan signed several agreements with Chinese companies for the development of renewable energy and attracting investments in this sector. This was reported by the ministry's press service.

29.10.2025, 16:10

Economy / Exclusive

Kyrgyzstan Increases Tobacco Exports

As part of the implementation of the project "30+20+10", specialists from the Department of Chemicalization, Plant Protection, and Quarantine of the Ministry of Water Resources, Agriculture, and Processing Industry of Kyrgyzstan held a field meeting with local farmers. During the discussion, important aspects concerning the development of tobacco farming were raised, such as soil quality, selection of popular tobacco varieties, export opportunities, and the introduction of modern

29.10.2025, 16:04

Economy

In Kyrgyzstan, budget revenues from income tax are increasing

According to information provided by the Ministry of Finance, from January to September of the current year, revenues from personal income tax on resident individuals amounted to 25 billion 159.2 million soms (equivalent to $288.1 million). These revenues increased by 6 billion 586.4 million soms, or by 35.4% compared to the same period in 2024.

29.10.2025, 15:35

Economy

Where in Kyrgyzstan has gasoline risen in price the most since the beginning of the year (official data)

According to the monitoring data from the National Statistics Committee, from January 1 to October 28, the highest increase in the price of AI-95 gasoline was observed in Kerben and Toktogul, while AI-92 became more expensive in Bishkek, Batken, Tokmok, and Toktogul. Diesel fuel rose the most in Manas and the village of Semetey, located in the Manas district. Thus, a liter of AI-92 gasoline in Toktogul costs 75.6 soms, which is 18.7% higher than before. In Bishkek, the price is 76 soms

29.10.2025, 14:53

Economy

The State Financial Supervision has revoked "Data Group's" license as a virtual asset exchange operator.

The reason was a violation of legislation and non-compliance with the directive The company "Data Group" no longer has a license to conduct virtual asset exchange, according to the decision of the Financial Market Regulation and Supervision Service.

29.10.2025, 14:47