Economy

The main oil-producing region of Russia is experiencing a fuel crisis

The Khanty-Mansi Autonomous Okrug (KMAO) is a key region of Russia in the field of oil and gas extraction; however, it is currently facing a serious fuel crisis, as reported by local media. According to data from muksun.fm, gasoline prices in the region are rising at a rate that outpaces inflation. Gas stations are reporting delays in fuel deliveries and restrictions on its dispensing. The stabilization of prices at the end of summer turned out to be only temporary before the upcoming problems,

28.10.2025, 13:45
Today, the som is one of the most stable currencies in Central Asia – Sadyr Japarov
Economy / Exclusive

Today, the som is one of the most stable currencies in Central Asia – Sadyr Japarov

During the opening of the new building of the National Bank in Bishkek, the President of Kyrgyzstan, Sadyr Japarov, noted that the som today ranks as one of the most stable currencies in Central Asia. The head of state recalled that May 10, 1993, was a significant day when the national currency, the som, was introduced into circulation. This event laid the foundation for the economic independence of the country and became a source of pride for the Kyrgyz people.

28.10.2025, 13:38
Economy

GNS Employees Exchanged Experience with Swiss Company SICPA

The State Tax Service of Kyrgyzstan is exploring the implementation of SICPA technologies Led by Deputy Chairman Bakyt Jienbekov, a delegation from the State Tax Service of the Kyrgyz Republic conducted a familiarization trip to the Swiss company SICPA, which is part of efforts to develop cooperation and experience exchange.

28.10.2025, 13:28
A branded classroom of the Eurasian Development Bank has opened at KRSU
Economy

A branded classroom of the Eurasian Development Bank has opened at KRSU

The opening of the auditorium became part of the technical assistance project of the Eurasian Development Bank (EDB), aimed at developing the institutional environment for public-private partnerships (PPP) in Kyrgyzstan. The main task of this project is to enhance the qualifications and training of specialists equipped with modern methods of investment analysis and project management in the field of PPP. The new space is equipped with modern multimedia equipment and decorated in the corporate

28.10.2025, 13:21
Economy

The National Bank of the Kyrgyz Republic has raised the discount rate to 10 percent

On October 27, 2025, the National Bank of the Kyrgyz Republic announced an increase in the key interest rate by 75 basis points, bringing it to a new level of 10.00 percent. This change will take effect on October 28. According to the regulator's data, the inflation rate since the beginning of the current year has reached 6.2 percent, and on an annual basis — 8.4 percent. At the same time, there is a shift in inflationary pressure from food products to non-food items and services.

28.10.2025, 13:03
Russia has delivered 121 tons of vegetable oil to southern Kyrgyzstan
Economy

Russia has delivered 121 tons of vegetable oil to southern Kyrgyzstan

At the ceremony for the transfer of 121,440 tons of sunflower oil, the acting head of the Russian Consulate General in Osh, Valery Katunkin, and the third secretary of this representation, Anastasia Yegereva, were present. This information was provided by the press service of the embassy.

28.10.2025, 13:01
Financial Record: The Central Bank Accumulates $7.5 Billion in Reserves
Economy

Financial Record: The Central Bank Accumulates $7.5 Billion in Reserves

The official opening of the new building of the National Bank of the Kyrgyz Republic took place in Bishkek, attended by President Sadyr Japarov. According to information provided by the National Bank, record results have been achieved this year. The volume of international reserves increased by 48.4%, which corresponds to a growth of $2 billion 462.5 million, reaching $7 billion 550.6 million. This is a historical maximum for the country and, as noted by bank representatives, significantly

28.10.2025, 12:44
Economy

In Kyrgyzstan, the production of mandarins, oranges, and lemons has increased

In Kyrgyzstan, there is an increase in the production of citrus fruits such as mandarins, oranges, lemons, and kumquats, according to information from the press service of the Ministry of Water Management and Agriculture. In 2023, 3,929 tons of fruits were harvested from an area of 801 hectares, while in 2024 this figure rose to 4,839 tons from 1,058 hectares, as stated in the report.

28.10.2025, 12:02
Tender announced for the construction of the power transmission line "Tamga - Karakol" – Ibraev
Economy / Exclusive

Tender announced for the construction of the power transmission line "Tamga - Karakol" – Ibraev

A tender for the construction of the power transmission line "Tamga - Karakol," which will have a capacity of 220 kW, will be launched soon. This was announced by the Minister of Energy Talaybek Ibraev on the air of Birinchi Radio. Ibraev noted that funding has already been secured — an agreement has been signed with the Islamic Bank, and consultants are currently working on preparing the necessary materials.

28.10.2025, 12:01
EADB to Provide Assistance in the PPP Project for Sustainable Waste Management
Economy

EADB to Provide Assistance in the PPP Project for Sustainable Waste Management

The goal of this project is to transition to a circular economy and improve waste management systems in the Kyrgyz Republic. As part of the technical support, the EDB plans to finance the analysis of waste volumes and compositions, research on the secondary raw materials market, as well as the development of technical and economic indicators for infrastructure, financial and legal models, and the assessment of the social and environmental aspects of the project. These materials will serve as

28.10.2025, 11:56
The National Bank of Kyrgyzstan has raised the discount rate to 10%
Economy / Exclusive

The National Bank of Kyrgyzstan has raised the discount rate to 10%

On October 27, 2025, the Board of the National Bank of Kyrgyzstan decided to increase the key interest rate by 75 basis points, raising it to 10%. This change will take effect on October 28, 2025. According to information from the regulator, the inflation rate in the country at the beginning of 2025 reached 6.2%, and on a year-on-year basis, it was 8.4%. The structure of consumer prices shows a shift in inflationary pressure from food products to non-food items, which is related to changes in

28.10.2025, 11:48
Economy

The National Bank of Kyrgyzstan has raised the discount rate

The decision to raise the key interest rate by 75 basis points to 10% was made by the Board of the National Bank of Kyrgyzstan on October 27 and took effect on October 28. The increase in the rate is explained by an analysis of both external and internal factors affecting inflation, as well as forecasts of monetary policy.

28.10.2025, 11:44
Economy

Who Should Use KKM, ETTN, and ESF. Clarification from the GNS

The State Tax Service has provided clarifications on the use of the electronic waybill (EWT), electronic invoice (EI), and cash register (CR). The relevant information was published by the press service of the STS. EWTTaxpayers in Kyrgyzstan engaged in the sale of oil and petroleum products, alcoholic beverages, and tobacco products are required to use the EWT. Starting in 2027, this requirement will also apply to pharmaceuticals and medical devices, regardless of the chosen tax system.

28.10.2025, 11:39
In Kyrgyzstan, the Number of Women Entrepreneurs in the E-commerce Sector is Growing
Economy / Exclusive

In Kyrgyzstan, the Number of Women Entrepreneurs in the E-commerce Sector is Growing

There is a noticeable increase in the number of women engaged in e-commerce in Kyrgyzstan. This was reported by Nargiza Mendekeeva, the director of development at Women in Tech Kyrgyzstan, during a training session for WIFI DX mentors aimed at women entrepreneurs. She noted that the training program covers important aspects of the digital sphere, including cybersecurity, social media management, and the use of online platforms for promoting goods and services.

28.10.2025, 11:34
Economy

Over 9 hectares of land in the military unit area have been transferred to Karakol

Karakol has received over 9 hectares of land located on the territory of a military unit. This decision was made by the order of Prime Minister Adylbek Kasymaliev. As stated in the official document, the transfer of state property to the municipal ownership of the city has been approved. The land plot, with an area of 24.7 hectares, was previously under the balance of the Ministry of Defense and is located on the territory of military unit No. 92784. This step is aimed at meeting the

28.10.2025, 11:26
Economy

"Lukoil Announces Sale of Its Foreign Assets Due to Sanctions Imposed"

In connection with the introduction of international sanctions against "Lukoil," the company announced its intention to sell its foreign assets. This statement was made by the company's press service, which clarified that this decision was a consequence of the restrictive measures imposed by several states. According to the press release, "Lukoil" plans to sell its assets in accordance with the OFAC license — the Office of Foreign Assets Control of the U.S. Department

28.10.2025, 11:22
In Kyrgyzstan, the cultivation of oranges, tangerines, and kumquats has increased.
Economy / Exclusive

In Kyrgyzstan, the cultivation of oranges, tangerines, and kumquats has increased.

The Ministry of Agriculture of Kyrgyzstan has reported a significant increase in citrus production in the country. In particular, in recent years, mandarins, oranges, lemons, and kumquats have become popular. Thus, in 2023, 3,929 tons of citrus were harvested from an area of 801 hectares, while in 2024, the yield already reached 4,839 tons from an expanded area of 1,058 hectares.

28.10.2025, 11:13
The price of sugar has collapsed to a multi-year low
Economy / Exclusive

The price of sugar has collapsed to a multi-year low

The recent drop in sugar prices to 14.47 cents per pound (which is just under half a kilogram) has resulted from stable production and the impact of advancements in weight loss medications, as reported by Reuters citing brokers. According to information published in the report, the significant price decline is also linked to the forecast from the well-known Brazilian consulting company Datagro. Last week, they estimated a global sugar surplus of 1.98 million tons for the 2025/26 season,

28.10.2025, 11:05
EADB to finance the construction of a 500 kW substation in Balıkçı
Economy / Exclusive

EADB to finance the construction of a 500 kW substation in Balıkçı

A 500 kW substation is planned to be built in Balakchy, as reported by the Minister of Energy of Kyrgyzstan, Talaybek Ibraev, on the air of Birinchi Radio. According to him, the Eurasian Development Bank (EABR) conducted thorough research for a year before making the decision to finance this project. The minister noted that the bank's ecologists paid special attention to environmental protection issues. "Europeans take ecology very seriously. They studied what birds inhabit this

28.10.2025, 11:04
Economy

Kyrgyzstan entered the top 20 in the number of cars imported from China

According to the General Administration of Customs of China, Kyrgyzstan ranked 20th in the number of cars imported from China. This information demonstrates the growing interest in Chinese cars in the country. From January to September of this year, the value of passenger car imports to Kyrgyzstan amounted to 1.5 billion US dollars.

28.10.2025, 08:17
Economy

The Ministry of Finance's Participation in the Charter Capital of OJSC "Kyrgyz Post" Has Increased

The Ministry of Finance has increased its share in the authorized capital of OJSC "Kyrgyz Post" from 14.61% to 17.11%. This became known thanks to information posted on the website of the Kyrgyz Stock Exchange. According to the data, the number of shares owned by the ministry increased from 791,743 thousand to 954,882 thousand. In monetary terms, this means an increase in investments from 395.9 million to 477.4 million soms.

28.10.2025, 08:06
Economy

Turkey will create technoparks and industrial zones in Kyrgyzstan

The parties agreed on directions for joint work in the field of technology and industry On October 24, the second meeting of the ministers of industry, science, technology, and innovation of the CIS countries took place in Baku. As part of this event, a bilateral meeting was held between the Minister of Economy and Commerce of the Kyrgyz Republic, Bakyt Sydykov, and the Minister of Industry and Technology of Turkey, Mehmet Cahit Turhan.

27.10.2025, 19:59
Economy

The amount spent by the authorities to pay off the national debt since the beginning of the year has been announced.

From January to September of this year, 55 billion 530.3 million soms were allocated for the payment of the national debt, which is equivalent to approximately $636.2 million. This data was provided by the Ministry of Finance. According to the Ministry of Finance, in 2024, Kyrgyzstan spent 37.5 billion soms ($429.6 million) on external debt payments and 22.2 billion soms ($254.8 million) on domestic obligations.

27.10.2025, 17:03
Economy

The National Bank of the Kyrgyz Republic Tightens Control Over Prices and Monopolies in the Banking Sector

The National Bank of the Kyrgyz Republic has initiated discussions on a new draft resolution concerning changes to its regulations that govern antitrust issues, pricing, and the subsidiary structures of banks. This was reported by the regulator's press service. In the agency, it was noted that the purpose of this document is to improve the protection of the rights of financial service users and to stimulate a competitive environment in the banking and payment services sector.

27.10.2025, 16:48
Economy

Kyrgyzstan Increases Import of Cattle

According to data provided by the National Statistics Committee, from January to May of this year, Kyrgyzstan imported 15 thousand heads of cattle (bovine). Compared to the same period last year, imports increased by 39.6%.

27.10.2025, 16:02
Economy

Kyrgyzstan Takes Third Place in the EAEU for Agricultural Production Growth

According to data published by the Eurasian Economic Commission, from January to August 2023, the volume of agricultural products in Kyrgyzstan increased by 2.4% compared to the same period last year. In August of this year, Kyrgyzstan, like in July, ranked third among the EAEU countries in terms of agricultural product growth. Armenia took the lead with a growth of 7.3%, Kazakhstan came in second (+3.4%), while Russia was in fourth place (+1.2%). Meanwhile, Belarus showed a slight decrease of

27.10.2025, 15:56
In Jeti-Oguz, up to 700 liters of natural juice are produced daily
Economy / Exclusive

In Jeti-Oguz, up to 700 liters of natural juice are produced daily

In the Jeti-Oguz region, in the village of Tosor, the agricultural production cooperative "Tosor Organic" is successfully operating, focusing on the production of freshly squeezed juices. According to information from the Ministry of Agriculture, this cooperative is capable of producing up to 700 liters of juice every day, using only ecologically clean fruits and vegetables grown by local farmers. The "Tosor Organic" range includes four types of juices: apple juice; pear

27.10.2025, 15:52
Economy

The authorities proposed the minimum wage for the next year.

According to the information from the Cabinet of Ministers, it is planned to set the minimum wage in Kyrgyzstan at 3,280 soms for the year 2026. This became known from the draft republican budget for 2026, which also covers planned indicators for 2027 and 2028. The document has already been sent to the Jogorku Kenesh for approval. It is important to note that according to the Labor Code of Kyrgyzstan, the minimum wage (minimum amount of remuneration) is the legally guaranteed amount received by

27.10.2025, 15:52
Economy

The state debt of Kyrgyzstan has increased again

According to the Ministry of Finance as of August 31, the total amount of Kyrgyzstan's state debt is $8 billion 646.47 million. Of this amount, external obligations amount to $5 billion 230.81 million, while internal obligations are $3 billion 415.66 million.

27.10.2025, 14:41
Economy

"We Are Not Interesting to Hackers." Myths about Cybersecurity in Kyrgyzstan

A few years ago, cybersecurity in Kyrgyzstan was perceived as something distant and insignificant. However, the situation is changing: the country is actively working on the legal framework in this area. Last year, the Law on "Cybersecurity" was adopted, and in 2025, the implementation of the Digital Code is planned, which will cover key aspects of information and cybersecurity. On one hand, the necessary legal foundation for the development of the industry is being created. On the

27.10.2025, 13:21
Economy

The number of companies fined for illegal labor of migrants has increased in Russia

In the first half of 2024, Russian courts imposed fines totaling 1.6 billion rubles (equivalent to over 1.7 billion soms) for violations related to the employment of foreign citizens. This figure is 60% higher than similar data for the same period last year. This information was published by "Vedomosti," citing data from the Judicial Department of the Supreme Court. Over six months, 9,546 organizations were fined, including 5,638 legal entities, 373 officials, 2,925 individual

27.10.2025, 13:02