News of Kyrgyzstan, Bishkek and Osh — latest events today
Kyrgyzstan has released its first national stablecoin pegged to the som
Economy

Kyrgyzstan has released its first national stablecoin pegged to the som

Kyrgyzstan has launched the first issuance of the KGST stablecoin, which has a fixed ratio of 1:1 to the national currency — the som. This information was announced by the secretariat of the National Council for the Development of Virtual Assets and Blockchain Technologies. Photo provided by the National Council for the Development of Virtual Assets and Blockchain Technologies The token has been implemented on the BNB Chain network, has undergone a smart contract audit, and an expert review of

07.11.2025, 14:18
Kazakhstan has tripled its import of Kyrgyz electricity - media
Economy

Kazakhstan has tripled its import of Kyrgyz electricity - media

Photo from the internet According to the Kazakh publication "Kursiv," Kazakhstan has significantly increased the volume of electricity imports from Kyrgyzstan. From January to August 2025, the republic purchased 299.4 million kilowatt-hours of electricity for a total of 4.3 million dollars. This figure exceeds last year's volumes by 3.1 times, and in terms of value, it has increased nearly tenfold, as indicated by customs data.

07.11.2025, 13:17
Economy

An Important Event Occurred in the National Stablecoin Market

Kyrgyzstan has successfully conducted the first issuance of its own stablecoin KGST, which is pegged to the som at a rate of 1:1. This stablecoin is public, secure, and fully backed, with its reserves held in the country's state banks. The KGST infrastructure includes multi-level user authentication and verification in accordance with international KYC/AML standards.

07.11.2025, 13:03
Pensions within the EAEU: What Kyrgyz Citizens Need to Know
Economy / Exclusive

Pensions within the EAEU: What Kyrgyz Citizens Need to Know

As of January 1, 2021, the Agreement on Pension Provision for Workers of the Eurasian Economic Union (EAEU) countries comes into effect. According to the Social Fund, this document provides for the mutual recognition of pension rights for citizens of Kyrgyzstan, Russia, Kazakhstan, Belarus, and Armenia who have worked in other member states.

07.11.2025, 12:59
Kyrgyzstan and China intend to cooperate in the production of medicinal plant seeds
Economy

Kyrgyzstan and China intend to cooperate in the production of medicinal plant seeds

The meeting dedicated to issues of agro-industrial cooperation between Kyrgyzstan and China was held under the leadership of Bakyt Torobaev, Deputy Chairman of the Cabinet of Ministers and Minister of Water Resources, Agriculture, and Processing Industry. The delegation from China was headed by He Weiping, Deputy Chairman of the Provincial Committee of the Chinese People's Political Consultative Conference of Gansu Province, as reported by the Ministry of Water Resources, Agriculture, and

07.11.2025, 11:47
Exchange rates in commercial banks of Kyrgyzstan on November 7
Economy

Exchange rates in commercial banks of Kyrgyzstan on November 7

Information is provided from the official websites of commercial banks. For clarifications regarding the specified data, it is recommended to contact the banks directly. At the time of publication, the information is current. The indicated rates are intended for cash currency exchange and may change throughout the day.

07.11.2025, 11:20
In Uzbekistan, a "Family Day" is being introduced to promote domestic tourism
Economy

In Uzbekistan, a "Family Day" is being introduced to promote domestic tourism

In order to promote domestic tourism and reveal the tourist potential of the country, "Family Day" will be held every Sunday in Uzbekistan. This initiative aims to create a comfortable atmosphere for family recreation, expand cultural opportunities, and activate interest in the historical and cultural heritage of Uzbekistan.

07.11.2025, 11:11
Kyrgyzstan Holds Back Food Price Increases: Key Measures Named
Economy / Exclusive

Kyrgyzstan Holds Back Food Price Increases: Key Measures Named

The Ministry of Water Resources, Agriculture, and Processing Industry has informed about the stable situation in the domestic food market. According to the agency, the main factors affecting prices are external conditions — fluctuations in global prices for energy resources and food products, as well as disruptions in logistics chains and uncertainty in international markets.

07.11.2025, 10:31
In Bishkek, food fairs will be held on weekends.
Economy

In Bishkek, food fairs will be held on weekends.

Weekly fairs will begin in Bishkek, organized by the Ministry of Water Resources, Agriculture, and Processing Industry. These events aim to make food more accessible for socially vulnerable groups of citizens and stabilize food prices. Relevant information was provided by the ministry's press service.

07.11.2025, 10:05
In the Ak-Sai Valley, the construction of the Chokmor-Ata reservoir is underway
Economy

In the Ak-Sai Valley, the construction of the Chokmor-Ata reservoir is underway

In the Ton district of the Issyk-Kul region, projects aimed at providing clean drinking and irrigation water for the villages of Ak-Sai and Tort-Kul are actively being implemented. This initiative was announced by delegates from the Bolot Mambetov rural council at the III People's Kurultai, which took place in 2024. The press service of the Ministry of Agriculture of the Kyrgyz Republic provided this information.

07.11.2025, 09:50
The ruble continues to depreciate against the som, the euro has started to appreciate. Currency exchange rates as of November 7.
Economy

The ruble continues to depreciate against the som, the euro has started to appreciate. Currency exchange rates as of November 7.

Image from internet resources. The Russian ruble is under pressure after a recent rise According to the National Bank of Kyrgyzstan and exchange points in Bishkek, there is an increase in the rates of the euro and the Chinese yuan, while the Russian ruble and the Kazakh tenge continue to decline. The US dollar maintains its stability. US Dollar:

07.11.2025, 08:51
Economy

Ministry of Agriculture: The situation in the food market remains stable

The Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic reports a stable situation in the food market. The main factors putting pressure on prices are external: these include the volatility of global resource prices, logistics issues, and a high degree of uncertainty in international markets. As specified in the official statement, there has been no significant increase in prices for socially important goods such as flour, bread, milk, rice, sugar, pasta,

07.11.2025, 07:59
Economy

Uncovering the Mining Industry: Why Everyone Should Know Who Owns the Deposits in Kyrgyzstan

Kyrgyzstan has significant reserves of natural resources, including not only gold but also many other minerals that are currently in short supply on the global market. This creates opportunities for the development of the mining sector. In recent years, the republic has focused on non-critical minerals, which is a promising area for investment. However, attracting investors willing to finance the development of the sector is necessary. It is important that activities in the mining industry are

06.11.2025, 19:52
Economy

The volume of money in circulation has increased in Kyrgyzstan

As of October 1, 2025, the total amount of money in circulation in Kyrgyzstan amounted to 290.1 billion soms, which is equivalent to about 3.3 billion US dollars. This data was presented by the National Bank of the country. During the third quarter of 2025, the commercial banks of the country recorded cash inflows of 1.48 trillion soms, which is 4.5% more compared to the same period last year. Cash withdrawals totaled 1.5 trillion soms, increasing by 4.7%. The cash return rate reached 98.8%.

06.11.2025, 15:34
Economy

The site of the tuberculosis hospital in Suzak has been built up with residential houses without permits

In the Jalal-Abad region, authorities have returned to state ownership a plot of land on which residential buildings were illegally constructed, belonging to the anti-tuberculosis hospital. This information was provided by the press service of the General Prosecutor's Office. According to the prosecutor's data, local residents unlawfully built on part of the institution's territory in the village of Dostuk, without having the necessary permits for construction and land use.

06.11.2025, 15:28
Economy

The ban on the export of wood and timber from Kyrgyzstan is initiated by the government.

The Cabinet of Ministers of the Kyrgyz Republic proposes to introduce a temporary ban on the export of timber and wood products outside the customs territory of the Eurasian Economic Union (EAEU). The draft of the corresponding resolution is currently available for public discussion. According to the draft, a six-month ban is planned on the export of timber and wood products classified under codes 4401, 4403, and 4407 of the EAEU Customs Tariff. The only exception will be humanitarian aid

06.11.2025, 15:09
Economy

In Kyrgyzstan, Budget Revenues from Car Tinting are Increasing

From January to September of this year, the republican budget received 838 million 639.9 thousand soms from the tinting of front side windows of vehicles, according to information from the Ministry of Finance. These revenues increased by 465.6 million soms, which is almost a 2.2-fold growth compared to the same period last year.

06.11.2025, 14:16
Kyrgyzstan Launches First National Stablecoin USDKG
Economy / Exclusive

Kyrgyzstan Launches First National Stablecoin USDKG

The first national stablecoin named USDKG has been officially approved in Kyrgyzstan. According to information provided by the Financial Market Regulation and Supervision Service, the registration of the first issuance of this digital asset took place from October 27 to October 31, 2025.

06.11.2025, 13:36
Uzbekistan Ready to Purchase Fresh Fruits from Afghanistan
Economy

Uzbekistan Ready to Purchase Fresh Fruits from Afghanistan

According to information, the governor of the Surkhandarya region of Uzbekistan, Ulugbek Kasimov, confirmed at a meeting with the governor of Balkh, Mohammad Yusuf Wafa, the region's intention to purchase fresh fruits from Afghanistan and organize their export to third countries.

06.11.2025, 13:04
Economy

In 47 regions of Russia, gasoline prices have increased. Figures

Sevastopol topped the list of regions with the highest gasoline prices, according to a study by the analytical agency "PromRating". In September, 47 regions of the country recorded an increase in fuel prices of 2.6% or more, with the largest increase being 10.2% in Sevastopol.

06.11.2025, 12:02
Economy

Kyrgyzstan has released the stablecoin USDKG

The first issuance of the stablecoin USDKG has been registered by the government authorities of Kyrgyzstan as part of a public offering, as reported by the Financial Market Regulation and Supervision Service. According to the official website and social media of the project, USDKG is expected to be backed by gold reserves and will be pegged to the US dollar at a rate of 1:1. This stablecoin is intended for use in international trade.

06.11.2025, 11:38
Economy

Kurultai-2024. Minvodselprom reported on the fulfillment of appeals

On December 20-21, 2024, during the III People's Kurultai, the Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic received 652 appeals. Half of these are related to irrigation issues, while 30% concern providing the population with clean drinking water. The appeals also raised topics such as the rational use of pastures, the establishment of processing plants and trade-logistics centers, the development of veterinary services, access to mineral

06.11.2025, 11:24
Exchange rates in commercial banks of Kyrgyzstan on November 6
Economy

Exchange rates in commercial banks of Kyrgyzstan on November 6

Data on exchange rates were collected from the websites of commercial banks. If you have any questions regarding the provided data, it is recommended to contact the banks directly. The information is current as of the time of publication. The exchange rates are intended for cash transactions and may change throughout the day.

06.11.2025, 10:09
Three Main Threats to the Global Economy Identified
Economy / Exclusive

Three Main Threats to the Global Economy Identified

The head of the World Economic Forum (WEF), Børge Brende, expressed concerns about three significant "bubbles" in the financial markets that could threaten the global economy. This statement was made in an interview quoted by Reuters. Brende emphasized that amid the sharp decline in the stocks of global tech giants, three main bubbles are forming: the first in the cryptocurrency sector, the second in artificial intelligence (AI), and the third is a debt bubble, which he noted has not

06.11.2025, 10:01
The business forum laid the foundation for long-term economic partnership with Egypt – Sydykov
Economy / Exclusive

The business forum laid the foundation for long-term economic partnership with Egypt – Sydykov

The Minister of Economy and Commerce, Bakyt Sydykov, shared his views on the results of the business forum in an interview with the Kabar agency. This forum was part of the official visit of the President of Kyrgyzstan, Sadyr Japarov, to Egypt. We remind you that on November 4 and 5, 2025, President Japarov visited Egypt for the first time, marking his first visit to the African continent since the country's independence. As a result of this visit, eight important bilateral agreements

06.11.2025, 09:52
Economy

It became known how much the Russian Federation will increase the volume of subsidized diesel fuel supplies to Kyrgyzstan.

According to information from the Ministry of Energy of Kyrgyzstan, Russia has decided to increase the volume of preferential diesel fuel supplies to the country by 100,000 tons. It was previously reported that the volume of diesel fuel supplies was increased to meet the needs of Kyrgyzstan, while the supply norms for other types of petroleum products remained unchanged.

06.11.2025, 09:44
Economy

Now Official: Kyrgyzstan Has Released Its First Stablecoin - USDKG

The country has taken an important step in the financial sector by launching its first stablecoin, named USDKG. This state digital asset, which is pegged to the exchange rate of the som, was officially launched by the Ministry of Finance. According to data published on the "Open Budget" portal, the creation of the stablecoin cost 438,480.75 soms. The registration process took place at the Financial Market Regulation and Supervision Service (Finansur) just a week ago.

06.11.2025, 08:27
Exchange rates for November 6
Economy / Exclusive

Exchange rates for November 6

As of November 6, 2025, the National Bank has set the official exchange rates against the som: US Dollar – 87.45 som (unchanged); Euro – 100.46 som (decrease of 0.23 som); Russian Ruble – 1.0782 som (decrease of 0.0042 som); Kazakh Tenge – 0.1667 som (decrease of 0.0008 som); Chinese Yuan – 12.27 som (slight decrease of 0.0045 som). In commercial banks, the average buying rate for the dollar is 87.32 som, and the selling rate is 87.77 som.

06.11.2025, 07:32
Economy / Exclusive

In the city of Kara-Kul, new asphalt has been laid on 3 streets

The opening of the street named after I. Kurmanaliev took place in Kara-Kul on November 5. Representatives at the event included the authorized representative of the president in the Jalal-Abad region, Tilek Tekebaev, the mayor of the city, Nurtilek Orozbaev, as well as local organization leaders and residents.

05.11.2025, 21:29
Economy

The Cabinet will require businesses to accept payment only by card? Response from the State Tax Service

In late October 2025, a package of amendments to the Tax Code of the Kyrgyz Republic was approved, which will come into effect on January 1, 2026, after being endorsed by the Jogorku Kenesh on September 18. The main objectives of the new laws are to improve tax legislation, simplify tax procedures, and create conditions for fair competition and reduce the shadow economy.

05.11.2025, 20:55
The head of the cabinet told an international publication about the growth of Kyrgyzstan's economy
Economy

The head of the cabinet told an international publication about the growth of Kyrgyzstan's economy

In an interview with Gulf News, an international business publication, the Prime Minister of Kyrgyzstan, Adylbek Kasymaliev, spoke about the significant socio-economic progress and investment opportunities in the country. This information was announced by the government’s press service. Photo of the Cabinet of Ministers. Adylbek Kasymaliev shares the achievements of Kyrgyzstan's economy with an international audience

05.11.2025, 17:54
Economy

More coal is being imported from Kazakhstan to Kyrgyzstan

According to data published by the National Statistical Committee, from January to August of this year, coal imports to Kyrgyzstan increased by 9.7%. If during the same period last year the country imported 334.5 thousand tons of coal, this year this figure rose to 367.2 thousand tons.

05.11.2025, 17:17
Economy

Turnover in Billions: What is Happening in Kyrgyzstan's Cryptocurrency Market

On October 25, Changpeng Zhao, the founder and former CEO of the cryptocurrency exchange Binance, announced the launch of Kyrgyzstan's national stablecoin based on the BNB Chain. He also noted the readiness to implement a central bank digital currency (CBDC) for government needs. What lies behind these initiatives and what are the authorities' opinions? Growth of Cryptocurrency TurnoverAccording to Farhat Iminov, head of the National Council for the Development of Virtual Assets, the

05.11.2025, 17:11
Economy

Sadyr Japarov met with the President of Egypt

On November 5, an official meeting took place at the presidential palace "Al-Ittihadiya" in Cairo between President Sadyr Japarov and the President of the Arab Republic of Egypt, Abdel Fattah al-Sisi. As part of the event, there was an official introduction of the members of the delegations from both countries, and a photo session was held.

05.11.2025, 16:53
Economy

Car registration has started to bring significantly more money to the budget

From January to September 2025, Kyrgyzstan received 3 billion 999.2 million soms (approximately $45.8 million) from the registration of motor vehicles, according to information provided by the Ministry of Finance. Compared to the same period in 2024, revenues from vehicle registration increased by 2 billion 394.9 million soms, which represents a 2.5-fold growth.

05.11.2025, 16:42