News of Kyrgyzstan, Bishkek and Osh — latest events today
Economy

Kyrgyzstan Ranks Among the Top 5 Fastest Growing Economies in the World - Temir Sariyev

At the round table dedicated to the construction industry of Kyrgyzstan, Temir Sariev, head of the Chamber of Commerce and Industry, noted that the republic is among the top five countries with the highest economic growth rates in the world. Speaking about the construction sector, he emphasized that currently, the growth of the gross domestic product (GDP) in this industry reaches 127 percent. Temir Sariev noted that active work is being carried out in the country to restore the national

18.12.2025, 09:17
Experts: Kyrgyzstan Strengthens Requirements for Energy Efficiency in Buildings
Economy

Experts: Kyrgyzstan Strengthens Requirements for Energy Efficiency in Buildings

The conference was organized with the support of the Ministry of Construction, Architecture, and Housing and Communal Services of the Kyrgyz Republic and gathered a wide range of participants, including representatives of government institutions, academics, international organizations, experts, and businesspeople. As is known, Kyrgyzstan is facing a constant increase in energy consumption, which exceeds the electricity production capacity. More than 50% of primary energy is consumed by

18.12.2025, 09:13
Economy

Bloomberg: Kyrgyzstan is Becoming the New "Tiger Economy" of Central Asia

According to forecasts from the Central Bank, the gross domestic product of Kyrgyzstan is expected to grow by more than 10% this year. This is happening against a backdrop of stable growth, which has averaged at least 9% per year over the past three years. Bloomberg Agency cites data from the head of the National Bank, Melis Turgunbaev. The main driving forces behind the economic growth have been a tourism boom, the development of the construction sector, increased domestic consumption, and the

18.12.2025, 08:56
Economy

Sariyev: Kyrgyzstan is Among the Top Five Fastest Growing Economies in the World

At the conference in Bishkek, Temir Sariyev reported that Kyrgyzstan is actively working on restoring its economy. “I can confidently say that the GDP growth dynamics over the past four years give us reason to speak about a positive direction. This year, the growth rate is 9-10%, and over 11 months we have reached 10.2%. We expect that by the end of the year this figure will exceed 10%,” he noted.

18.12.2025, 08:50
Modi proposes to increase trade turnover between India and Jordan to 5 billion dollars in five years
Economy

Modi proposes to increase trade turnover between India and Jordan to 5 billion dollars in five years

The countries discussed the fight against terrorism and economic cooperation During his visit to Jordan, Indian Prime Minister Narendra Modi met with King Abdullah II, where both countries expressed a unified stance against terrorism. The main focus of the talks was on further developing economic interaction, including the signing of several agreements in the fields of renewable energy and digital technologies.

17.12.2025, 17:04
Economy / Exclusive

In Ala-Buka, a wool processing enterprise is opening for the first time

In the Ala-Buka region, the opening of the first wool processing enterprise is expected, as reported by local administration representatives. It has become known that the construction of a production facility has been completed in the village of Kosh-Bolot, where the necessary equipment and machines for processing have already been installed. The entire process is nearing completion.

17.12.2025, 16:25
Economy

Over 275 billion soms in taxes collected in Kyrgyzstan in 11 months

According to the press service of the State Tax Service of the Kyrgyz Republic, the tax and payment collection plan for 2025 was fulfilled ahead of schedule. According to the established plan, it was necessary to collect 268 billion 326.4 million soms. However, from January to November of the current year, it was possible to collect 275 billion 742 million soms.

17.12.2025, 16:04
For the first time in the history of Kyrgyzstan, the State Tax Service has fulfilled the plan for tax and payment collection ahead of schedule.
Economy / Exclusive

For the first time in the history of Kyrgyzstan, the State Tax Service has fulfilled the plan for tax and payment collection ahead of schedule.

The Tax Service of Kyrgyzstan has achieved an important milestone by fulfilling the established plan for tax and payment collection ahead of schedule for the first time in its history. This information was confirmed by the press service of the agency. According to the established requirements, it was planned to collect 268 billion 326.4 million soms in 2025. The Tax Service successfully accomplished this task and even exceeded the planned figures, indicating a positive trend in the growth of

17.12.2025, 15:51
Economy

When Everything Becomes More Expensive. How Prices Changed in 2025

The year 2025 will be remembered by Kyrgyzstanis for the rapid rise in prices. While in previous years the increase was less noticeable, this year the feeling of empty wallets became almost instantaneous. Kaktus.media offers a look at the changes in prices in the country since the beginning of 2025.

17.12.2025, 15:51
Economy

Expert Names Reasons for Rising Real Estate Prices in Kyrgyzstan

The real estate market in Kyrgyzstan is experiencing a rise in prices, despite a decrease in the number of transactions. This was reported by Kainarbek Kuluyev, head of the NGO "International Association of Builders," at a press conference in Bishkek. He provided statistics indicating that in 2025, the cost of residential houses in Bishkek increased by 35.7%, while apartment prices rose by 17.5%. In Osh, similar figures were 25.8% for houses and 22.8% for apartments.

17.12.2025, 15:38
Economy

The government intends to expand the implementation of modern irrigation systems

Bakyt Torobaev, acting Deputy Chairman of the Cabinet of Ministers and Minister of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic, called on agrarians to actively implement drip and sprinkler irrigation. This was reported by the Ministry of Water Resources and Agriculture. According to him, climate change, reduced precipitation, and melting glaciers require more efficient use of water resources. Particularly concerning is the drop in water levels in the Issyk-Kul

17.12.2025, 13:58
The Trade House of the Kyrgyz Republic has opened in the capital of Afghanistan
Economy

The Trade House of the Kyrgyz Republic has opened in the capital of Afghanistan

The information about this was disseminated by the Ministry of Economy and Commerce On December 16, 2025, a ceremony was held in Kabul to open the Trade House of the Kyrgyz Republic, attended by the Minister of Economy and Commerce Bakyt Sydykov and the head of the Ministry of Industry and Trade of Afghanistan Nuruddin Azizi.

17.12.2025, 13:03
Economy

In Kyrgyzstan, they propose to implement energy-saving architecture. Why?

At the conference "National Dialogue on Energy Efficiency: Achievements, Challenges, Prospects," Boronbaev reported that Kyrgyzstan is facing the problem of high greenhouse gas emissions from buildings, which exceed global averages. He noted that to reduce thermal energy losses, it is necessary to improve the energy efficiency of buildings in the country.

17.12.2025, 12:15
RKFR approved a record investment budget for 2026
Economy

RKFR approved a record investment budget for 2026

At the meeting held as part of the XXI Council of the Fund, a record volume of investments was established, as noted by Artem Novikov, Chairman of the Board of the RKFR. He emphasized that this indicator reflects the important role of the Fund in promoting economic growth in Kyrgyzstan.

17.12.2025, 12:13
Economy

Cryptocurrency is Displacing Banknotes. Visa Launches Stablecoin Settlements

The payment system Visa has taken a significant step by allowing American banks to use the USDC stablecoin from Circle for transactions via the Solana blockchain. The first transactions will be conducted by Cross River Bank and Lead Bank. This event marks the first launch of stablecoin settlements by Visa in the United States, following successful trials abroad. The newly adopted federal law on stablecoins opens up the possibility for banks to use "digital dollars" backed by reserves.

17.12.2025, 12:05
The Trade House of the Kyrgyz Republic in Afghanistan Opened in Kabul
Economy

The Trade House of the Kyrgyz Republic in Afghanistan Opened in Kabul

Photo by the Ministry of Economy and Commerce of the Kyrgyz Republic. Opening of the Trade House of the Kyrgyz Republic in Kabul In the capital of Afghanistan, Kabul, the Trade House of the Kyrgyz Republic has been opened. This information was announced by the press service of the Ministry of Economy and Commerce of the Kyrgyz Republic. Present at the ceremony were Bakyt Sydykov, head of the ministry, and the Minister of Trade and Industry of Afghanistan, Nooruddin Azizi.

17.12.2025, 11:38
Exchange rates in commercial banks of Kyrgyzstan on December 17
Economy

Exchange rates in commercial banks of Kyrgyzstan on December 17

Information about currency exchange rates has been collected from various commercial banks' websites. If you have any questions, it is recommended to contact the banks directly for clarification. The data is current as of the time of publication. The exchange rate is presented for cash transactions and may change throughout the day. Official rates of the National Bank of the Kyrgyz Republic, as well as exchange rates at exchange offices in Bishkek, can be found here.

17.12.2025, 11:10
Autumn sowing in Kyrgyzstan is over 60 percent complete
Economy

Autumn sowing in Kyrgyzstan is over 60 percent complete

This season, the autumn sowing campaign in Kyrgyzstan covers an area of 250 thousand hectares. Currently, farmers have processed 155.6 thousand hectares, which is 62.4% of the planned volumes, according to information from the press service of the Ministry of Agriculture of the Kyrgyz Republic.

17.12.2025, 09:50
The status of the Business and Investment Development Council proposed to be elevated to presidential.
Economy

The status of the Business and Investment Development Council proposed to be elevated to presidential.

At the forum "Investment Vector: State and Business," which took place on December 15 at the residence of the President of Kyrgyzstan, representatives of the business community initiated the elevation of the status of the Council for Business and Investment Development to the level of the president. This was reported by the press service of the Association for the Development of the Agro-Industrial Complex of the Kyrgyz Republic. Photo by the press service of the Association for the

17.12.2025, 09:47
Economy

In Bishkek, the growth of apartment prices has slowed down

According to the latest analysis conducted by the State Agency for Land Resources, Cadastre, Geodesy, and Cartography under the government (GASRKG), the cost of one square meter of housing in Bishkek at the end of November was 106,607 soms. In this month, the price per square meter decreased by 11,871 soms, which corresponds to a drop of 10%. In October, the cost decreased by 11,257 soms, which amounted to 9.5% compared to September.

16.12.2025, 16:16
Economy

Authorities reported an increase in consumer prices and tariffs

According to information provided at a press conference in Bishkek by the First Deputy Chair of the National Statistical Committee, Nazira Kerimalieva, from January to November of this year, there has been an increase in consumer prices and tariffs by 8.3% compared to December of last year. Among the main factors contributing to this are the rise in prices for food products and non-alcoholic beverages by 8.9%, as well as alcoholic beverages and tobacco products by 7.9%.

16.12.2025, 15:56
Economy

Change the legal address or tax regime of an individual entrepreneur online. Instructions from the State Tax Service

In Kyrgyzstan, a new online service for the re-registration of individual entrepreneurs has been launched through the taxpayer's personal account, as reported by the press service of the State Tax Service of the Kyrgyz Republic. Now entrepreneurs can submit applications for re-registration via the website cabinet.salyk.kg without the need for a personal visit to the tax inspection. The available features of the service include: changing the legal address (including moving to another

16.12.2025, 15:49
Elon Musk became the world's first businessman with a net worth of $600 billion
Economy

Elon Musk became the world's first businessman with a net worth of $600 billion

Photo from the internet. Elon Musk Elon Musk's net worth has reached $600 billion, making him the first businessman in the world with such wealth. This was reported by Forbes. The increase in his fortune is linked to the recent rise in the valuation of SpaceX, which is engaged in space launches and the development of the Starlink satellite system for global internet access.

16.12.2025, 15:47
Economy

How has the construction of residential buildings by GIK affected the real estate market? Expert's response

According to Pazyljan Ilimov, the construction of residential properties within the GIK framework has significantly impacted the apartment market in Kyrgyzstan. Kaktus.media reports that this move has led to a decrease in interest in properties priced up to $100,000. "The GIK attracted a segment of the population that could have purchased such apartments. As a result, the demand for them has decreased," noted the expert. Ilimov also added that this year, prices for standard apartments

16.12.2025, 15:32
Economy

Cinemas in Kyrgyzstan may be exempt from VAT in 2026

The initiative to abolish the value-added tax (VAT) for cinemas belongs to the Ministry of Culture, Information, Sports, and Youth Policy of Kyrgyzstan. As reported by the director of the state institution "Kyrgyzfilm," Almaz Tulekeyev, this measure is aimed at supporting the development of film screenings in the country. According to him, it is planned that starting from 2026, cinemas that currently pay 12% VAT will be able to avoid this tax burden. "This will be a significant

16.12.2025, 14:40
Economy

The authorities announced the average salary in Kyrgyzstan.

According to information presented at a press conference in Bishkek by the First Deputy Chairperson of the National Statistics Committee, Nazira Kerimalieva, the average monthly nominal wage in the country from January to October of the current year amounted to 42,919 soms. The highest income growth was recorded in sectors such as real estate transactions, construction, scientific and technical activities, public administration and defense, mandatory social security, healthcare and social

16.12.2025, 14:23
Economy

Kyrgyzstanis have started to keep more money in banks

According to the analysis of the National Bank's reporting, as of the end of October, individuals in Kyrgyzstan have deposited 258 billion 995.8 million soms. Of this amount, 11.1 billion soms are in current accounts, 129.5 billion soms are in demand deposits, and term deposits amount to 118.3 billion soms.

16.12.2025, 14:13
Economy

Kazakhstan Increases Oil Supplies to Kyrgyzstan in December

In December of this year, JSC "KazTransOil" plans to increase oil supplies to Kyrgyzstan and resume transit to Uzbekistan. This information was provided by the company's press service and published on the website inbusiness.kz. According to the provided data, oil supplies to Kyrgyzstan resumed in November. Prior to this, transportation along this route was conducted in 2017. As part of the plans, up to 30,000 tons of oil should be supplied to the country by the end of 2025.

16.12.2025, 13:47
Economy

Why Financial Literacy is Important for Migrants: An Interview with a Representative of the National Bank

Many Kyrgyz citizens, when going abroad for work, often return home without money or become victims of fraud. The main reasons for this lie not only in difficulties at the workplace but also in a lack of financial knowledge. According to statistics, our citizens are twice as likely as neighbors from CIS countries to fall into the hands of scammers, and half of them do not control their income and expenses. Problems arise even before departure: people leave without contracts, not taking into

16.12.2025, 12:51
Economy

Silicon Cluster: Kazakhstan is Creating a Cycle for the Production of Critically Important Materials

A new plant for the production of silicon alloys has opened in the Karaganda region, as reported by tengrinews.kz. This is an important step for Kazakhstan, which currently lacks production capacities for high-purity silicon, unlike the Soviet era when such plants existed in Kyrgyzstan. The fate of that enterprise, known as the "Kristall" plant, remains unknown. Although a plant for the production of metallurgical silicon is already operating in Karaganda, its volumes are still

16.12.2025, 12:41
Economy

Uzbek Juice Production Company Plans to Purchase Apples from Kyrgyz Suppliers

Visit of the Trade Representation of Kyrgyzstan in Uzbekistan Covered Enterprises of the Fergana Region Representatives of the Trade Representation of Kyrgyzstan visited two textile manufacturing plants: "Tantana Textile" and LLC "Narimtex." According to information from the press service of the Ministry of Economy and Commerce, both organizations expressed interest in expanding cooperation, including various forms of interaction such as tolling.

16.12.2025, 12:36
Economy

Seven EU countries oppose the expropriation of frozen Russian assets

Seven countries within the European Union have expressed their disagreement with plans to seize frozen Russian assets, reports the Euractiv portal. Initially, Belgium, where the Euroclear depository is headquartered and with which the Bank of Russia is currently engaged in legal disputes, as well as Hungary and Slovakia, opposed this decision. Subsequently, Italy, Bulgaria, Malta, and the Czech Republic joined them. These countries emphasize the need to seek "alternative solutions"

16.12.2025, 12:11
The procedure for re-registering individual entrepreneurs in the KR has been simplified
Economy

The procedure for re-registering individual entrepreneurs in the KR has been simplified

In Kyrgyzstan, the procedure for re-registering individual entrepreneurs (IE) has been simplified as part of the "Government Accelerators" program. This was reported by the government press service. Photo gov.kg The main objectives of state policy are to improve the quality of services, reduce administrative barriers, and create comfortable conditions for the development of small and medium-sized businesses.

16.12.2025, 11:58