Economy

The Economy of Kyrgyzstan - 2025: Growth Records and Price Shocks

The year 2025 became a time of significant changes for Kyrgyzstan. The country recorded double-digit growth in gross domestic product (GDP) and active development in the construction sector; however, it also faced rising inflation and the need to tighten monetary policy. An analysis of the year's results revealed five notable achievements and five serious problems that affected the economic situation. Achievements: tax reforms, construction boom, and economic growth 1. GDP growth rate of

26.12.2025, 09:22
Common Eurasian Tourist Routes Will Be Created in the EAEU Countries
Economy

Common Eurasian Tourist Routes Will Be Created in the EAEU Countries

The Press Service of the Ministry of Economy and Commerce of the Kyrgyz Republic reported that the approved Concept will establish strategic directions for the tourism industry, as well as measures aimed at deepening economic cooperation and increasing mutual tourist trips between the member countries of the Union.

26.12.2025, 09:11
NBKR and IFC Discussed Key Directions for the Development of Digital Finance in Kyrgyzstan
Economy / Exclusive

NBKR and IFC Discussed Key Directions for the Development of Digital Finance in Kyrgyzstan

The National Bank of Kyrgyzstan, in collaboration with the International Finance Corporation (IFC), organized a roundtable on December 22 dedicated to the development of digital financial technologies in the country. Participants included representatives from the Association of Payment System Operators, the Association of Virtual Asset Market Participants, as well as commercial banks and the Union of Banks of Kyrgyzstan. Additionally, delegates from the IFC and the Swiss Embassy in the Kyrgyz

26.12.2025, 09:06
Economy

Kyrgyzstan Increases Car Imports from China

From January to November of this year, the volume of car imports from China to Kyrgyzstan increased by 41.9% compared to the same period last year. This data was provided by the General Administration of Customs of China. According to statistics, 118,622 passenger cars were imported into Kyrgyzstan over 11 months, while during the same period last year, their number was 83,575.

26.12.2025, 08:49
Economy

How Much Kyrgyz People Earn in South Korea. Data from the Ministry of Labor

As part of the agreement with the Ministry of Employment and Labor of South Korea, a program for the employment of citizens of Kyrgyzstan (EPS) is being implemented. This became known from information provided by the center for the employment of citizens abroad, which is subordinate to the Ministry of Labor, Social Security, and Migration of the Kyrgyz Republic. This initiative has been in effect since 2007 and is extended every two years.

26.12.2025, 08:43
Economy

About 22 Tons of Beef from Pakistan Were Not Allowed into Kyrgyzstan

At the veterinary checkpoint "Torugart," located in the Naryn region, a cargo weighing 21,800 kg of beef intended for import into Kyrgyzstan was stopped. This was reported by the press service of the Ministry of Water Management and Agriculture. The cargo was coming from Pakistan through Chinese territory.

26.12.2025, 08:25
Ruble, Tenge, and Euro Have Decreased Against the Som. Currency Rates on December 26
Economy

Ruble, Tenge, and Euro Have Decreased Against the Som. Currency Rates on December 26

Photo from the internet. The Chinese yuan has set a new annual record for the fourth consecutive time As of December 26, the official exchange rates for the euro, Russian ruble, and Kazakh tenge are showing a decline, while the Chinese yuan continues to rise. The dollar remains stable, according to data from the National Bank of Kyrgyzstan and exchange points in Bishkek. US Dollar:

26.12.2025, 08:18
Economy

The National Bank assessed the level of lending to the economy of Kyrgyzstan

In the third quarter of 2025, there is a growth in the lending to the economy of Kyrgyzstan, as evidenced by the National Bank's report on monetary policy. According to the data, during the specified period, the banks' loan portfolio increased by 10.5%, resulting in a total of 460.6 billion soms (+35.2% since the beginning of the year). The main factor for this growth was the increase in loans in the national currency (+10.8%), which amounted to 378.6 billion soms. The leading sectors

26.12.2025, 08:08
Economy

Kyrgyzstan will produce system units for personal computers

In Kyrgyzstan, the production of system units for personal computers will begin. This was announced by Ainur Samanov, the trade representative of Russia in the country. He noted that Russian investments in Kyrgyzstan are focused on key sectors, among which energy plays an important role. Samanov mentioned current projects such as the construction of the Kulanak Hydropower Plant with a capacity of 100 megawatts in the Naryn region, a wind farm with a capacity of 100 megawatts in the Issyk-Kul

26.12.2025, 08:07
Economy

EEC has eliminated import duties on waste and scrap of precious metals until the end of 2028

The Board of the Eurasian Economic Commission (EEC) has decided to establish zero import customs duties on waste and scrap of precious metals (categories 7112 30 000 0, 7112 91 000 0, 7112 92 000 0, and 7112 99 000 0 according to the EAEU Commodity Nomenclature) until December 31, 2028. This information was published on the official EEC website. Vaghn Kazaryan, the director of the EEC Department of Customs Tariff and Non-Tariff Regulation, commented that the previously introduced customs and

26.12.2025, 07:49
Economy

The crisis can become an opportunity. Kyrgyz tailors are seeking new markets.

The export of sewing products to Russia has become a serious challenge for Kyrgyz producers. The lack of necessary documents and alternative sales channels has made even stable companies vulnerable. Over the past four months, more than 2000 sewing workshops have closed, leaving many people without jobs. To resume their activities, enterprises have begun transitioning to a "white" business model with full documentation. Currently, producers are accepting these conditions and actively

25.12.2025, 19:01
Economy

Sobyanin believes that Moscow cannot do without migrants for now

According to the forecasts of Moscow Mayor Sergey Sobyanin, the capital is set to face a growing labor shortage, which currently amounts to between 400,000 and 500,000 people. In his speech at the Moscow City Duma, he stated: "The shortage of labor resources in Moscow currently ranges from 400,000 to 500,000, and in the future, this number will only increase. Populism in the field of migration is unacceptable," as reported by "Interfax".

25.12.2025, 17:56
Economy

Violation of Consumer Rights in Online Trade Will Become a Priority Topic in the EAEU

The Eurasian Economic Commission (EEC) has identified the priority theme for 2026 — "At Home on the Internet: Know Your Rights, Shop Mindfully." This decision was made at a meeting of the EEC board, where a recommendation for the Union countries was approved. This theme selection will allow for a focus on the issues arising in the relationships between consumers and entrepreneurs in the digital environment, as well as promote the strengthening of trust between them.

25.12.2025, 16:33
Economy / Exclusive

The President opened 11 facilities in the Batken region

On the occasion of the first day of the IV People's Kurultai, President Sadyr Japarov participated in an online event during which 94 facilities were ceremonially opened across the country. In particular, in the Batken region, 11 facilities were put into operation, including 3 production enterprises, 7 social institutions, and 1 road.

25.12.2025, 16:22
The state purchased beans from Talas farmers for 100 million soms.
Economy

The state purchased beans from Talas farmers for 100 million soms.

Bakyt Torobaev, Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic and Minister of Water Resources, Agriculture, and Processing Industry, shared information about support for farmers in the Talas region in an interview with First Radio. This information was announced by the press service of the Ministry of Agriculture of the Kyrgyz Republic.

25.12.2025, 15:54
A large coal open-pit mine opened in Batken
Economy / Exclusive

A large coal open-pit mine opened in Batken

The official opening of the large coal pit "Suluktu," located in section No. 11, took place in the Batken region. This was reported in a press release from the presidential representative's office in the region. The opening ceremony was held today with the participation of the first deputy representative of the President of the Kyrgyz Republic in the Batken region, Baktybek Toksonbaev, as well as local authorities and miners.

25.12.2025, 15:24
GTS: The Fight Against Smuggling Brought 1.5 Billion Soms to the Budget
Economy

GTS: The Fight Against Smuggling Brought 1.5 Billion Soms to the Budget

In 2025, the State Customs Service, specifically the Main Department for Combating Smuggling, achieved historic results in increasing budget revenues. The agency's press service reports that the total amount of refunded and transferred funds reached 1.5 billion soms, which exceeds the figures for 2024 by 603 million soms and is the highest result in the history of the department.

25.12.2025, 15:10
Economy

"Window of Opportunities". Kyrgyzstan Must Harness the Potential of Youth

On December 24, 2025, a presentation of the report "Youth in the Kyrgyz Republic" was held in Bishkek, based on data from the 2022 population and housing census. Kyrgyzstan has a unique potential: the largest educated youth generation since independence is now in the productive age. However, without timely measures, the country may lose its demographic dividend within the next 5-7 years, leading to increased migration and social instability.

25.12.2025, 14:55
Three New Factories Opened in Talas
Economy / Exclusive

Three New Factories Opened in Talas

During the IV People's Kurultai, which was held online under the chairmanship of the President of Kyrgyzstan Sadyr Japarov, several new manufacturing enterprises were launched in the Talas region. Three factories were officially opened in Talas: an asphalt concrete plant, a reinforced concrete plant, and a stone crushing plant. These enterprises are located in the Kara-Dobo Besh-Tash rural area and are fully ready to commence operations.

25.12.2025, 14:54
Economy

In Russia, the grain export quota has been increased

In accordance with the new government decree, in 2026 Russia will increase the tariff quota for grain exports to 20 million tons. This figure is nearly double the quota for 2025. The announcement was posted on the official legal acts portal. The quota will cover crops such as wheat, barley, corn, and meslin, and will apply to exports outside the Eurasian Economic Union, reports "Kommersant". This decision comes against the backdrop of a record harvest, which in the current

25.12.2025, 14:09
A dairy processing plant has opened in the Ak-Talai district
Economy / Exclusive

A dairy processing plant has opened in the Ak-Talai district

In the Naryn region, in the village of Kara-Burgen in the Ak-Talai district, a new milk processing plant has been opened. This information was announced by the Ministry of Agriculture of Kyrgyzstan. The main task of the new enterprise is to purchase milk from local farmers and produce high-quality dairy products.

25.12.2025, 14:07
Economy

A new milk processing workshop has opened in the Naryn region.

In the Ak-Talinsky district, in the village of Kara-Burgen, a new dairy enterprise has been opened. This information was provided by the press service of the Ministry of Water Management and Agriculture of the Kyrgyz Republic. The project was implemented with the support of the Regional Development Fund, which helped organize the purchase of milk from local residents and establish the production of high-quality dairy products. A total of 30 million soms was allocated for the construction.

25.12.2025, 12:51
Economy

After the salary increase, some teachers and doctors will start earning 90,000 soms.

At the People's Kurultai on December 25, President Sadyr Japarov presented information about the salaries of teachers and doctors, which will take effect on April 1, 2026. According to him, the current average salary for teachers is approximately 26,000 soms, and after adjustments, it will rise to 52,000 soms. The amount of earnings will depend on experience, workload, education, and the region in which the educator works.

25.12.2025, 12:49
Economy

In Russia, a cleanup of the market from questionable imports has begun: the import of toys from Kyrgyzstan is banned.

In Russia, an active import inspection has begun, aimed at eliminating questionable goods. For the first time, Rosakkreditatsiya has suspended the validity of certificates issued by the countries of the Eurasian Union, raising doubts about the quality of toys, children's clothing, and footwear coming from Kyrgyzstan. This was reported by Antonina Tsitsulina, president of the Association of Children's Goods Industry Enterprises. According to Tsitsulina, this measure has long been

25.12.2025, 12:30
"Altyn Alliance" helped update the lighting of the main square in Talas
Economy

"Altyn Alliance" helped update the lighting of the main square in Talas

The project to modernize the lighting of the central square in Talas has been completed, significantly changing its appearance. This space has now become more comfortable and safe for all residents. During the work, 60 new 12-meter tall lamps and LED screens were installed in the square, which have already begun to function. The new lighting system provides uniform illumination across the entire square, greatly enhancing safety in the evening and creating a modern urban atmosphere.

25.12.2025, 11:56
Economy

KGST Listing Sparks Excitement: Turnover Exceeded Capitalization by Four Times

The listing of the KGST stablecoin on the Binance exchange has led to a sharp increase in trading activity. According to the latest market data, the daily trading volume of the KGST token reached $4.29 million, while its market capitalization stands at around $1 million. This means that the ratio of trading volume to capitalization exceeds 429 percent. Currently, there are 87.6 million KGST tokens in circulation out of a total supply of nearly 446 million. The fully diluted market

25.12.2025, 10:54
Exchange rates in commercial banks of Kyrgyzstan on December 25
Economy

Exchange rates in commercial banks of Kyrgyzstan on December 25

Information was gathered from the official websites of commercial banks. If you have any questions regarding the data presented, it is recommended to contact the banks directly. This information is current as of the time of publication. Please note that the rates are provided for cash exchange and may change throughout the day. You can find the official exchange rates of the National Bank of the Kyrgyz Republic and currency rates at exchange offices in Bishkek here.

25.12.2025, 10:52
Economy

The EU has unblocked over $600 million of funds from the Eurasian Development Bank

The Euroclear depository has successfully unblocked over $600 million that was previously frozen due to sanctions related to Russia. These funds will be directed towards the implementation of projects in Kazakhstan, as reported by Deputy Finance Minister Dauren Kenbeil. It is reported that the Belgian depository has unblocked part of the funds of the Eurasian Development Bank (EDB), which were frozen as part of the sanctions against the National Settlement Depository (NSD) of the Russian

25.12.2025, 10:44
Economy

The Federal Tax Service cancels licensing for the sale of alcohol in small kiosks

At the meeting of the Jogorku Kenesh on December 24, Deputy Gulya Kozhokulova expressed her position against the abolition of licensing for the retail trade of alcoholic products. During the discussion of amendments to the tax legislation, she questioned the feasibility of this initiative, noting that it is inappropriate to compare alcohol with other goods, such as jewelry and textile products, as well as cars.

25.12.2025, 10:32
Economy

Sadyr Japarov promised new concessions for business after the New Year

At the People's Kurultai on December 25, President Sadyr Japarov announced plans to implement a number of measures aimed at supporting businesses in 2026. According to him, one of the key aspects of the National Development Program until 2030 is the support of small and medium-sized enterprises, which play an important role in the country's economy by creating jobs and contributing to the sustainable development of society.

25.12.2025, 10:24
The Ruble and Euro Continue to Rise. Exchange Rates on December 25
Economy

The Ruble and Euro Continue to Rise. Exchange Rates on December 25

Photo from the internet. The Chinese yuan has set a new annual value record for the third consecutive time As of December 25, the official exchange rates for the euro, ruble, and Chinese yuan have increased, while the dollar and Kazakh tenge remained unchanged. This data was published by the National Bank of Kyrgyzstan and various exchange points in Bishkek. US Dollar:

25.12.2025, 10:12
Kyrgyzstan and Azerbaijan Agreed to Increase Trade Volume Between the Countries
Economy / Exclusive

Kyrgyzstan and Azerbaijan Agreed to Increase Trade Volume Between the Countries

On December 24, a meeting took place between Meder Tumanov, Deputy Minister of Economy and Commerce of the Kyrgyz Republic, and Samad Gasanov, Trade Representative of Azerbaijan in Central Asia. This was reported by the Ministry of Economy and Commerce of Kyrgyzstan. During the negotiations, issues related to the implementation of previously reached agreements, which were discussed at the 6th meeting of the Joint Intergovernmental Commission on Economic and Humanitarian Cooperation held on

25.12.2025, 10:03
The Ministry of Agriculture of the Kyrgyz Republic launches a digital system for distributing meat import quotas
Economy

The Ministry of Agriculture of the Kyrgyz Republic launches a digital system for distributing meat import quotas

The Ministry of Water Resources, Agriculture and Processing Industry of the Kyrgyz Republic has announced the start of pilot operation of an automated information system (AIS) designed to process applications for tariff quotas for the import of certain types of meat. This step aims to fully transition the quota management process to a digital format, which, in turn, should enhance the transparency of the ministry's operations and reduce the risks of corruption.

25.12.2025, 09:55
Economy

A digital pension appointment system will be launched in Kyrgyzstan

A new digital system for assigning pensions will be introduced in Kyrgyzstan. This was announced by Bakhtiyar Aliyev, the chairman of the Social Fund, during a meeting with deputies of the Jogorku Kenesh. According to him, the new system will be launched by July 1, 2026, and will eliminate the need for personal visits to the Social Fund. Pensions will be assigned automatically based on already collected data.

25.12.2025, 09:55
National Statistics Committee: The volume of the shadow economy in Kyrgyzstan has reached 308 billion soms
Economy

National Statistics Committee: The volume of the shadow economy in Kyrgyzstan has reached 308 billion soms

In 2024, the volume of the shadow economy in Kyrgyzstan amounted to 308 billion soms, which is equivalent to 19.5% of the total gross domestic product (GDP). This data was presented by the National Statistical Committee. Photo from the National Statistical Committee. Share of the unobserved economy (as a percentage of GDP) According to the report, compared to the previous year 2023, the share of the shadow, informal, and illegal economy increased by 0.3 percentage points. The main factor for

25.12.2025, 09:44
Exchange rates for December 25
Economy / Exclusive

Exchange rates for December 25

As of December 25, 2025, the National Bank of Kyrgyzstan has published the current exchange rates. USD — 87.4500 (as of 24.12 — 87.4500) EUR — 103.1866 (as of 24.12 — 103.0555) RUB — 1.1186 (as of 24.12 — 1.1118) KZT — 0.1714 (as of 24.12 — 0.1714) CNY — 12.4687 (as of 24.12 — 12.4426) In commercial banks, the average purchase price of the dollar is 87.34 soms, while the selling price is 87.80 soms.

25.12.2025, 09:26
In Bishkek, the best exporters of the country were awarded
Economy / Exclusive

In Bishkek, the best exporters of the country were awarded

On December 24, 2025, the final of the national competition "Best Exporter of the Kyrgyz Republic" took place in Bishkek, organized by the Export Development and Promotion Center "Kyrgyz Export," as reported by the Ministry of Economy and Commerce of the Kyrgyz Republic. The competition was created to identify and support leaders among export-oriented companies, as well as to promote Kyrgyz products in international markets. At the event, welcoming speeches were made by

25.12.2025, 09:09
Kyrgyzstan and Azerbaijan agreed to increase trade turnover between the countries
Economy / Exclusive

Kyrgyzstan and Azerbaijan agreed to increase trade turnover between the countries

On December 24, a meeting took place where the Deputy Minister of Economy and Commerce of the Kyrgyz Republic, Meder Tumanov, discussed current issues with the trade representative of Azerbaijan for Central Asian countries, Samed Gasanov. This information was provided by the Ministry of Economy and Commerce of the Kyrgyz Republic. During the discussion, aspects of the implementation of agreements reached at the 6th meeting of the Joint Intergovernmental Commission, which took place on December

25.12.2025, 07:57
Economy / Exclusive

In the city of Manas, prices for meat were discussed with the participation of the GKNB.

In the Jalal-Abad region, there is a shortage of specialists responsible for price control. This became known at a meeting dedicated to issues of food security and ensuring the population's access to key goods such as meat and coal. Present at the meeting were the deputy representative of the president in the Jalal-Abad region, Urmat Samaev, employees of the Main Department of the State National Security Committee in the region, representatives of law enforcement agencies, workers from the

24.12.2025, 18:40
"Kyrgyz Temir Zholu" Acquires 30 Units of Special Equipment: Fleet Update Continues
Economy

"Kyrgyz Temir Zholu" Acquires 30 Units of Special Equipment: Fleet Update Continues

The state enterprise "NC Kyrgyz Temir Zholu" continues to update its technical fleet by purchasing 30 units of equipment, including service vehicles. This information was announced by the company's press service. The keys to the new equipment were handed over to the branches by General Director Azamat Sakiyev. The new acquisitions include 5 Chevrolet Tracker cars and 25 units of specialized equipment, such as excavators, mini-excavators, cranes, and heavy machinery intended for

24.12.2025, 18:33