Economy

Taalaybek Ibraev: The President instructed to reduce the volumes of electricity imports

The Minister of Energy Talaybek Ibraev announced on his Facebook page that there is no expected electricity shortage in Kyrgyzstan. He urged the population to consume resources wisely. According to him, during the winter period, as in previous years, the country will import electricity from neighboring states at a price of 3 soms, while the population will be provided with it at a tariff of 1 som 37 tyiyns. The difference in cost will once again result in debt for the JSC "National

19.11.2025, 13:58

Economy

The operational headquarters for supporting the light industry has begun work at the Ministry of Economic Development.

An operational headquarters has begun its activities at the Ministry of Economy and Commerce, established within the framework of the "Kyrgyz Export" center. Its main task is to respond promptly to entrepreneurs' requests and provide comprehensive consulting assistance for enterprises in the sewing and textile industry. This was reported by the ministry's press service. The headquarters is located on the first floor of the ministry building and operates daily from 9:00 AM to

19.11.2025, 13:57

Economy

The GNS explained who will have their insurance contribution debts written off

The State Tax Service of the Kyrgyz Republic informs that according to the Law of the KR, adopted on October 29, 2025, there are plans to write off debts related to penalties, fines, and financial sanctions associated with insurance contributions. In particular, for payers of insurance contributions for state social insurance, the tax authorities will carry out the write-off:

19.11.2025, 13:51

Economy

Bloomberg: LUKOIL Wants to Sell Foreign Assets as a Single Package

According to information provided by Bloomberg, among the potential buyers of LUKOIL's assets outside of Russia are companies such as Exxon Mobil Corp., Abu Dhabi National Oil Co., and Carlyle Group. The source reports that the Russian oil company intends to sell its foreign assets as a single package, which creates challenges, as some interested parties would prefer to acquire them separately. Experts believe that LUKOIL's stance may lead to a "two-stage process" of sale.

19.11.2025, 13:48

Economy

The Minister of Economy presented the National Development Program of the Kyrgyz Republic until 2030

Photo by the Press Service of the Ministry of Economy At the business forum of CAREC, the Minister of Economy and Commerce, Bakyt Sydykov, presented the key directions of the National Development Program of Kyrgyzstan, which is planned until 2030. He highlighted the main goals and objectives of this document for the participants of the event. According to the minister, the stable growth of the country's economy is ensured by a sound investment policy and the implementation of large

19.11.2025, 13:42

Economy

Exchange rates in commercial banks: the cost of the dollar and euro has slightly decreased

The National Bank of Kyrgyzstan updated the foreign currency exchange rates for November 19: The current price of the dollar is 87.44 soms, the euro is 101.3 soms, and the ruble remains stable at 1.7 soms.

19.11.2025, 13:41

Economy

The revenues of "Kumtor" exceeded the plan by almost 25 billion soms in 10 months

According to information from the press service of CJSC "Kumtor Gold Company," during the first ten months of 2025, the company was able to earn 80 billion soms, while expectations were 55.1 billion soms. The company's net profit for the specified period amounted to 36 billion 900 million soms, which significantly exceeds the planned 13 billion 373 million soms.

19.11.2025, 13:28

Economy / Exclusive

Bakyt Sydykov spoke to the participants of the CARSE Forum about the main directions of the National Program-2030.

The business forum of the Central Asian Regional Economic Cooperation (CAREC) is taking place in Bishkek. The agenda focuses on developing Kyrgyzstan's potential in the region. The Minister of Economy and Commerce, Bakyt Sydykov, delivered a detailed overview of the country's current economic indicators and presented the main goals and objectives of the National Development Program until 2030 to the forum participants.

19.11.2025, 13:19

Economy

Will Prices Continue to Rise? What is Happening with Kyrgyzstan's Economy

The gross domestic product (GDP) shows impressive growth. How do the authorities explain the positive dynamics in the economy of Kyrgyzstan? Maintaining Growth RatesFrom January to October, the country's GDP amounted to 1 trillion 427.4 million soms, which corresponds to an increase of 10% compared to the same period last year, similar to the figures from the previous month.

19.11.2025, 13:03

Economy

Sydykov: $1.65 billion is needed for the development of the transport sector in the KR

Photo courtesy of the Ministry of Economy At the business forum of the Central Asian Regional Economic Cooperation (CAREC), the Minister of Economy and Commerce, Bakyt Sydykov, emphasized that the creation of a logistics hub is one of the priority areas within the framework of the National Development Program of Kyrgyzstan until 2030, according to information from the ministry's press service. The minister reported that in 2024, investments in the transport sector are planned to reach

19.11.2025, 13:02

Economy

Materials on violations in state property have been submitted to the prosecutor's office and the GKNB.

As a result of an audit conducted by the Accounts Chamber of Kyrgyzstan, numerous violations of financial discipline were discovered in the State Agency for Management of State Property for the year 2024, totaling 948.4 million soms. Materials related to these violations have been sent to the General Prosecutor's Office and the State Committee for National Security for further legal assessment.

19.11.2025, 12:48

Economy

When will Kyrgyzstan stop buying electricity, said the head of the Ministry of Energy

The Minister of Energy, Talaybek Ibraev, stated on his Facebook page that Kyrgyzstan will not face a shortage of electricity. He emphasized that the population should use electricity rationally. According to him, as in previous winter seasons, the republic will import electricity from neighboring countries at a price of 3 soms per kilowatt, while the tariff for the population will be 1 som 37 tyiyns.

19.11.2025, 12:31

Economy

In Kyrgyzstan, taxpayers on a patent are exempt from visiting the GNS.

The State Tax Service of the Kyrgyz Republic has announced the simplification of the tax registration process for those working on a patent basis.

19.11.2025, 12:23

Economy / Exclusive

In the first half of the year, 159,000 jobs were created in Kyrgyzstan

In the first six months of 2025, 159,000 new jobs were created in Kyrgyzstan, which corresponds to an increase of 2.9 times compared to the same period of the previous year. This information was announced by the Chairman of the Cabinet of Ministers and Head of the President's Administration, Adylbek Kasymaliev, at a business forum dedicated to Central Asian Regional Economic Cooperation (CAREC): Developing the Regional Potential of the Kyrgyz Republic. He also noted that in the first ten

19.11.2025, 12:21

Economy / Exclusive

The Economy of Kyrgyzstan Grows Above 9% for the Fourth Year - Kasymaliev

For four years, Kyrgyzstan's economy has shown impressive growth rates exceeding 9%. This was reported by Adylbek Kasymaliev, the Chairman of the Cabinet of Ministers and Head of the Presidential Administration, during a business forum within the framework of Central Asian Regional Economic Cooperation (CAREC), dedicated to the development of the country's potential. Kasymaliev noted that in the first ten months of 2025, the growth of the Gross Domestic Product (GDP) reached 10%. In

19.11.2025, 12:00

Economy

Rise in Meat Prices in Kyrgyzstan: Intermediaries, Illegal Exports, and Global Shortage

Photo 24.kg In Kyrgyzstan, there is complete self-sufficiency in beef and lamb production. However, global trends are affecting meat prices. Currently, the government is taking measures to control and restrain prices, but how effective will this be in the long term? Temporary state regulation measures: how long will they last?

19.11.2025, 11:58

Economy / Exclusive

Ibraev: There Will Be No Electricity Shortage in Winter, but It Is Necessary to Save

The Minister of Energy, Talaybek Ibraev, stated that Kyrgyzstan will not face an electricity shortage during the winter period. However, he emphasized the importance of rational resource use. “As in previous winters, we will purchase electricity from neighboring countries at a price of 3 soms, while it will be supplied to the population at a tariff of 1 som and 37 tyiyns,” Ibraev noted.

19.11.2025, 11:56

Economy / Exclusive

In Kyrgyzstan, fines and penalties for insurance contributions are being waived - what you need to know

The State Tax Service of Kyrgyzstan informs that according to the Law adopted on October 29, 2025, there will be a write-off of debts on penalties, fines, and financial sanctions related to insurance contributions. Specifically, the tax authorities will annul:

19.11.2025, 11:48

Economy / Exclusive

Kyrgyzstan will increase cargo transportation volume to 110 million tons by 2030 — Sydykov

Currently, the second day of the Central Asian Regional Economic Cooperation (CAREC) business forum is taking place in Bishkek. The Minister of Economy and Commerce of Kyrgyzstan, Bakyt Sydykov, served as the keynote speaker, emphasizing that the creation of a logistics hub is an important direction in the implementation of the National Development Program of the country until 2030. Sydykov noted that in 2024, it is planned to attract about 200 million US dollars to the transport sector.

19.11.2025, 11:05

Economy

In the Kyrgyz Republic, 600 villages included in the drinking water supply program

In Kyrgyzstan, significant activities are currently being carried out to provide the population with both drinking and irrigation water. According to the press service of the Ministry of Agriculture, this area is one of the key priorities of the state.

19.11.2025, 10:58

Economy / Exclusive

Kasymaiev named the key advantages of Kyrgyzstan for business development

The Chairman of the Cabinet of Ministers and Head of the Presidential Administration, Adylbek Kasymaliev, spoke at a business forum dedicated to Central Asian Regional Economic Cooperation (CAREC), where the potential for the development of Kyrgyzstan was discussed. He noted that the country's strategic geographical location, situated between the largest markets in the region, as well as its young population, which forms the basis of the labor force, create favorable conditions for

19.11.2025, 10:47

Economy

In Balakchy, the construction of a solar power plant is planned

Recently, the director of the National Investment Agency under the President of the Kyrgyz Republic, Ravshanbek Sabirov, held a meeting with a delegation consisting of representatives from the Netherlands, Turkey, and the USA. During the meeting, two significant investment projects related to green energy and agrotechnologies were presented. The delegation was headed by Yuzhel Akdeniz, president of the Public Foundation "Kyrgyz Green Infrastructure Fund." During the discussion, the

19.11.2025, 10:21

Economy

Debts of Insurance Contribution Payers Will Be Written Off

In accordance with the message from the Tax Service of the Kyrgyz Republic, according to the Law adopted on October 29, 2025, there will be a write-off of debts related to fines, penalties, and financial sanctions associated with insurance contributions. Specifically, for payers of insurance contributions for state social insurance, the following conditions are provided:

19.11.2025, 10:10

Economy

Mining in Kyrgyzstan: a Threat to Energy or an Opportunity for the Economy?

The discussions around mining farms in Kyrgyzstan have been ongoing for several years. For some, it symbolizes a new digital era, new jobs, and investments; for others, it poses a threat of overloading power lines and an additional risk to the already vulnerable energy system of the country. However, the reality is much more complex: mining can both threaten and provide opportunities, and this largely depends on the choices made by the government.

19.11.2025, 10:09

Economy

Exchange rates at the Moscow City Council on the morning of November 19. The dollar and euro are falling in price.

On the Moscow Council, the exchange rates for foreign currency at exchange points on the morning of November 19 are presented with the following values:

19.11.2025, 09:40

Economy

In Kyrgyzstan, funding based on Islamic principles increased by 82.4 percent

As of September 30, 2025, there were 21 commercial banks and 305 of their branches operating in the Kyrgyz Republic, according to information provided by the country's National Bank. Since the beginning of the current year, the total assets of the banking sector have increased by 38 percent, reaching 1,125.8 billion soms.

19.11.2025, 09:39

Economy

Melis Satarov Elected New Head of the National Alliance of Business Associations

The National Alliance of Business Associations (NABA), which unites 87 entrepreneurial organizations in the country, held its annual reporting meeting, during which Melis Satarov, president of the Union of Entrepreneurs of Kyrgyzstan, was elected as the new leader of the alliance. This information was announced by representatives of the organization. Photo NABA. Melis Satarov has headed the National Alliance of Business Associations The organization noted that the election of Melis Satarov to

19.11.2025, 09:23

Economy

In Kyrgyzstan, tax registration for patent workers has been simplified

In Kyrgyzstan, changes have occurred in the tax registration process for individuals working under a patent. This was reported by the press service of the State Tax Service (STS). Now, the registration procedure for taxpayers using a patent has become more accessible.

19.11.2025, 09:15

Economy

Currency exchange rates in commercial banks of Kyrgyzstan on November 19

Information was collected from the websites of various commercial banks. If you have any questions regarding the presented data, it is recommended to contact the banks directly. The exchange rates are current as of the time of publication and pertain to cash currency exchange. They may change throughout the day.

19.11.2025, 09:13

Economy

In Kyrgyzstan, the fourth hydro unit of the Toktogul HPP has been put into operation

Photo 24.kg. Machine hall of the Toktogul HPP The press service of the Ministry of Energy of Kyrgyzstan reported the commissioning of the fourth hydro unit of the Toktogul HPP. According to the ministry, the reconstruction work has been successfully completed. Energy Minister Talaybek Ibraev officially launched the upgraded unit, as well as the second hydro unit of the Uch-Kurgan HPP.

19.11.2025, 08:54

Economy

The Ministry of Construction recorded an increase in violations in the construction sector

In Kyrgyzstan, there is an increase in violations in the construction sector, according to data from the Ministry of Architecture, Construction, and Housing and Communal Services. In October 2025, there was a sharp rise in cases of illegal residential construction — from 9 to 99. Fines imposed on violators increased from 210,000 to 3,383,500 soms.

19.11.2025, 08:53

Economy

Catfish has risen in price against all major currencies except the tenge. Exchange rate as of November 19.

Photo from the internet. The som continues to strengthen after some weakening According to data from the National Bank of Kyrgyzstan and exchange offices in Bishkek, there is a decrease in the exchange rates of the dollar, euro, Russian ruble, and Chinese yuan. However, the Kazakh tenge, on the contrary, has strengthened. US Dollar:

19.11.2025, 08:53

Economy

Ten Meat Clusters to Be Launched in Kyrgyzstan

At the ceremony of handing over new agricultural machinery to the Kyrgyz breeding plant, he emphasized the importance of systemic changes in this area.

19.11.2025, 08:32

Economy

The President of the Asian Development Bank Arrives on a Visit to Kyrgyzstan

The President of the Asian Development Bank, Masato Kando, has arrived in Kyrgyzstan for an official visit. This information was disseminated by the press service of the country's Ministry of Finance. During his working trip, the head of the ADB plans to participate in the 24th conference dedicated to Central Asian regional economic cooperation, which will focus on the theme "Green and Digital CAREC".

19.11.2025, 08:29

Economy / Exclusive

The President of the ADB Arrived in Bishkek on a Working Visit

Masato Kando, the President of the Asian Development Bank (ADB), arrived in Bishkek to carry out work tasks, as reported by the Ministry of Finance. During his visit, he will participate in the 24th Ministerial Conference of Central Asia Regional Economic Cooperation (CAREC), which will focus on the theme "Green and Digital CAREC."

19.11.2025, 08:11

Economy

The net profit of the banking sector of Kyrgyzstan has decreased

As of September 30, 2023, banks in Kyrgyzstan reported a net profit of 23 billion 146.8 million soms, which is equivalent to $264.5 million. This data was obtained from an analysis conducted by the National Bank. Since the beginning of 2025, compared to December of last year, the assets of the banking sector have increased by 38%, reaching 1 trillion 125.8 billion soms.

18.11.2025, 22:09

Economy / Exclusive

By the end of 2026, two hydro units of the Uch-Kurgan HPP will be upgraded

It is expected that the upgrade of two hydro units at the Uch-Kurgan HPP will be completed by the end of 2026. Energy Minister Talaybek Ibraev announced this during his trip to the Jalal-Abad region. According to him, the reconstruction of the second hydro unit has already been completed. The work began in 2024 with a complete replacement of the first unit, adding 9 MW. The second unit has also been upgraded and launched, with a similar increase in capacity. The remaining two units are planned

18.11.2025, 22:04

Economy

Kyrgyzstan Increases Car Imports from the USA

According to the latest report from the National Statistics Committee, from January to September, 7,415 cars were imported from the USA to Kyrgyzstan. This is 2,282 cars more than in the same period last year. However, the total value of imports decreased by 17.1%, amounting to $71.1 million. In total, during the specified months, 100,162 passenger cars were imported into the country for a total of $804.7 million, which is 1,887 cars less than the previous year.

18.11.2025, 21:57

Economy

Minvodselprom wants to exempt certain categories of products from VAT

In the context of rising food prices, the government of Kyrgyzstan is taking measures to stabilize them. This was reported by the press service of the Ministry of Water Resources, Agriculture, and Processing Industry. One of the steps taken is a temporary restriction on the export of live cattle, which is expected to increase its supply in the domestic market and help reduce price pressure. In addition, social sales points are being organized in collaboration with local akimats and the

18.11.2025, 21:48

Economy

"Will business flee from Kazakhstan to Kyrgyzstan?"

Starting January 1, 2026, a new Tax Code will come into effect in the neighboring country In Kazakhstan, an updated Tax Code will take effect on January 1, 2026, bringing significant changes for businesses. Among the innovations are an increase in the VAT rate from 12% to 16%, as well as a rise in excise taxes on tobacco products, alcohol, and energy drinks.

18.11.2025, 20:26

Economy / Exclusive

Launched updated hydro units of Toktogul and Uch-Kurgan hydropower plants

In the Jalal-Abad region, the Minister of Energy of Kyrgyzstan, Talaybek Ibraev, conducted a working trip today, during which the reconstructed fourth hydro unit of the Toktogul HPP and the second unit of the Uch-Kurgan HPP were put into operation. The event was also attended by the representative of the region, Tilek Tekebaev, the General Director of the OJSC "Electric Stations," Alpbek Sadyrov, and the project manager for the reconstruction of the Toktogul HPP, Sergey Sakhovsky, as

18.11.2025, 18:55

Economy / Exclusive

The price of Bitcoin has collapsed

For the first time since the end of April, the price of Bitcoin has fallen below the mark of 90 thousand dollars, according to trading platform data. The price of the most well-known cryptocurrency dropped by 5.96 percent, reaching a minimum value of 89.55 thousand dollars.

18.11.2025, 17:59

Economy / Exclusive

The country is fully self-sufficient in meat, milk, eggs, and sugar — Ministry of Agriculture

The Ministry of Water Resources, Agriculture, and Processing Industry, in collaboration with the government, is implementing a series of measures aimed at stabilizing prices for essential food products and ensuring the domestic market is supplied with the necessary volumes of goods. To prevent a rise in meat prices, a decision has been made to temporarily ban the export of live cattle, which should increase supply in the domestic market and reduce price pressure.

18.11.2025, 16:53

Economy / Exclusive

The Land Resources Agency has increased service rates

The State Agency for Land Resources, Cadastre, Geodesy, and Cartography has announced a revision of prices for its services, which will lead to an average increase in rates of 23%. As stated in the official announcement of the agency, the changes in rates are due to several factors, including rising inflation, increased operational costs, modernization of branches, and the implementation of digital initiatives. Among the new projects are the creation of electronic services for property

18.11.2025, 16:52

Economy

A bill with new fines and rules for businesses has been put up for discussion

A draft law titled "On Amendments to Certain Legislative Acts in the Field of Tax Administration" has been put forward for public discussion. This project includes a comprehensive package of amendments concerning tax, administrative, and trade legislation. Among the amendments, the provisions of the Code on Non-Tax Revenues are clarified. Tax authorities are now required to consider requests for refunds or offsets of fees within 10 working days. If the request is deemed justified, the

18.11.2025, 16:41

Economy / Exclusive

The Law on Transparency of Corporate Structure Signed by the President

The President of the Kyrgyz Republic, Sadyr Japarov, has approved the Law "On Amendments to the Civil Code." This law was adopted by the Jogorku Kenesh on September 25, 2025. The main goal of the new legislation is to enhance the transparency of corporate structures and increase accountability for single-member economic societies.

18.11.2025, 16:30

Economy / Exclusive

Kyrgyzstan is preparing for a large-scale reduction of permits for businesses

The Ministry of Justice has announced the start of an important stage in simplifying bureaucratic procedures — the implementation of a regulatory guillotine concerning permit documents. According to the agency, a significant reduction in the number of permit documents for businesses by 55-60% is planned in one phase.

18.11.2025, 16:28

Economy

In Kyrgyzstan, the period of state regulation of meat prices has been extended until the end of 2025.

An online meeting was held, organized by the Ministry of Water Resources, Agriculture, and Processing Industry, where the main topics of discussion were food security and measures to stabilize prices for essential products such as beef and lamb. Representatives from the Antimonopoly Regulation Service of the Ministry of Economy, as well as city mayors and local government administrations, along with market leaders, participated in the event, according to information from the Ministry of

18.11.2025, 16:28