Economy

Proposal to Extend the Ban on the Import of Electronic Cigarettes in Kyrgyzstan

The Ministry of Economy and Commerce has published a draft resolution that reintroduces a ban on the import of electronic cigarettes for public discussion. Essence of the Proposal The Cabinet proposes to extend the import ban for a period of six months, which will apply to: electronic cigarettes and nicotine delivery systems with liquid, classified under the EAEU HS code 2404 12 000 0; liquids containing nicotine in cartridges and tanks, also under the same EAEU HS code 2404 12 000 0. In

13.11.2025, 11:53
Economy

"You Will Be the Ones to Answer!" Tashiev Warned Officials Due to Rising Meat Prices

Kamchybek Tashiev, Deputy Chairman of the Cabinet of Ministers and Head of the State National Security Committee (GKNB), addressed akims, mayors, and presidential representatives in the regions due to the rise in prices for meat and other food products. In an interview with Tegion TV, he stated that he has recently traveled extensively across the regions, including Chon-Alai, Osh, Uzgen, Jalal-Abad, and Balakchy. During these meetings, residents mainly expressed dissatisfaction regarding the

13.11.2025, 11:51
Economy

The National Bank conducted an intervention by selling $174 million

On November 10, the National Bank of Kyrgyzstan conducted the sale of $173.9 million in the foreign exchange market, according to information provided by the financial regulator. Of the total amount, $63.5 million was sold with settlements on the transaction date, while $108.6 million was sold with settlements on a different date.

13.11.2025, 11:40
Economy

The U.S. House of Representatives approved the budget proposal: the shutdown is over

The budget proposal has been approved by the House of Representatives of the United States, bringing an end to the prolonged shutdown, which has become the longest in the country's history. Support for the document came from 222 House members, while a simple majority of 217 votes out of 433 was required for its passage. With four members absent, the necessary minimum for approval was reduced to 215 votes. The proposal received votes from 216 Republicans and six Democrats.

13.11.2025, 11:36
Economy

Kyrgyz Light Industry in Crisis. Why Are Goods Stuck at the Border with Russia?

In Kyrgyzstan, the sewing industry is facing a new crisis, caused not by a lack of orders or a shortage of labor. The main factor has been the tightened control measures at the border with Kazakhstan, introduced by Russia. As reported by 24.kg, Zarlyk Imankulov, a member of the board of the "Legprom" association, stated that since September of this year, there have been significant delays in cargo at the Kazakhstan-Russia border. This creates difficulties for Russian customers who are

13.11.2025, 11:30
Kyrgyzstan Fully Ensures Its Self-Sufficiency in Beef and Lamb, Assures the Ministry of Agriculture of the KR
Economy / Exclusive

Kyrgyzstan Fully Ensures Its Self-Sufficiency in Beef and Lamb, Assures the Ministry of Agriculture of the KR

Kyrgyzstan, fully providing itself with beef and lamb, demonstrates stable results in this area, according to the Ministry of Water Resources, Agriculture, and Processing Industry. However, the situation with poultry meat requires attention: in 2025, 58,000 tons were imported, and in 2026, a supply of 48,000 tons is expected according to the established quota.

13.11.2025, 10:57
Economy

Minvodselprom: Kyrgyzstan Fully Provides Itself with Beef and Lamb

According to information from the Ministry of Agriculture, Water Resources and Regional Development, Kyrgyzstan fully meets its needs for beef and lamb. At the same time, poultry meat is imported under established quotas: in 2025, 58 thousand tons were imported, and in the following year, 2026, 48 thousand tons are expected. Uran Chekirbaev, head of the food security department of this ministry, reported on the measures being taken to maintain price stability amid persistently high inflation

13.11.2025, 10:39
Exchange rates in commercial banks of Kyrgyzstan on November 13
Economy

Exchange rates in commercial banks of Kyrgyzstan on November 13

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. This information is current as of its publication date. The specified rates pertain to cash currency exchange and may change throughout the day.

13.11.2025, 10:32
Bakyt Torobaev familiarized himself with the activities of the Southern Regional Soil and Agrochemical Station
Economy / Exclusive

Bakyt Torobaev familiarized himself with the activities of the Southern Regional Soil and Agrochemical Station

In the Kara-Suu district of the Osh region, in the village of Kashkar-Kyshtak, a visit was made by the Minister of Water Resources, Agriculture, and Processing Industry Bakyt Torobaev to the branch of the "Southern Regional Soil and Agrochemical Station." This event was reported by the Ministry of Agriculture of the Kyrgyz Republic. During his visit, the minister emphasized the importance of scientific research for the agricultural sector, noting: “The modern agricultural sector

13.11.2025, 09:54
"We have oil fields that would allow us to be self-sufficient."
Economy

"We have oil fields that would allow us to be self-sufficient."

In Kyrgyzstan, there has arisen a need to separate the mining sector and geology into a distinct direction. This was stated by Duishenbek Kamchybekov, the chairman of the Association of Miners and Geologists of the Kyrgyz Republic, in his address to the president and the head of the State Committee for National Security.

13.11.2025, 09:44
Exchange Rates for November 13
Economy / Exclusive

Exchange Rates for November 13

As of November 13, 2025, the National Bank has published the official exchange rates. 1 US dollar (USD) – 87.4500 soms (unchanged) 1 euro (EUR) – 101.2409 soms (increase of 0.2012) 1 Russian ruble (RUB) – 1.0797 soms (increase of 0.0022) 1 Kazakh tenge (KZT) – 0.1667 soms (increase of 0.0002) 1 Chinese yuan (CNY) – 12.2870 soms (increase of 0.0076) In commercial banks, the average buying rate for the dollar is 87.34 soms, while the selling rate is 87.80 soms.

13.11.2025, 09:27
Economy

Kyrgyzstan Fully Provides Itself with Beef and Mutton

According to information provided by the Ministry of Water Resources, Agriculture, and Processing Industry, Kyrgyzstan fully meets its needs for beef and lamb. However, according to the ministry, the import of poultry meat continues: in 2025, 58 thousand tons were imported, and in 2026, a supply of 48 thousand tons is expected.

13.11.2025, 09:23
Economy

Canada imposed sanctions against one of the Kyrgyz banks

The Canadian government has updated its list of anti-Russian sanctions, adding a number of new organizations and companies. This was reported in a statement from the Canadian Ministry of Foreign Affairs. Among the new targets of sanctions are: the Russian liquefied natural gas production plant and the maritime LNG terminal "Gazprom LNG Portovaya," the Novatek project "Arctic LNG - 2," as well as the Kyrgyz "Capital Bank of Central Asia" and the A7 platform for

13.11.2025, 09:03
Economy

A program for the development of high-altitude and border territories is being developed

In Kyrgyzstan, a meeting of the working group preparing the State Program for the Development of High-Mountain, Remote, and Border Territories, planned until 2030, took place. The meeting, chaired by Choro Seyitov, the First Deputy Minister of Economy and Commerce, brought together representatives from various government agencies. This event was made possible thanks to the support of the Development Policy Institute within the framework of the initiative "For the Development of Local

12.11.2025, 23:13
Economy

The GIC placed shares for recapitalization worth $1 billion

Today, November 12, an additional issue of shares of the State Mortgage Company was placed on the Kyrgyz Stock Exchange. As a result of this step, the company's capital increased by 40.5 billion soms. This recapitalization was approved in early 2025. The shares of the State Mortgage Company were offered for sale at a price of 100,000 soms per share, and the total trading volume reached 40.48 billion soms. A total of 404,804 shares were sold in one transaction. The placement was conducted

12.11.2025, 19:20
Economy

The Bank of Russia will consider large transfers to oneself as a sign of fraud.

The Central Bank of Russia plans to amend its list of fraud indicators by adding large transfers to personal accounts via the Fast Payment System (FPS). This was reported by the Meduza portal, citing Vadim Uvarov, head of the information security department at the Central Bank. According to Uvarov, fraudsters have begun convincing Russian citizens to transfer funds from their accounts in other banks to their own accounts.

12.11.2025, 19:20
Analysts assessed the prospects of global oil demand
Economy / Exclusive

Analysts assessed the prospects of global oil demand

According to the forecast by the International Energy Agency (IEA), published in Reuters, global demand for oil and liquefied natural gas (LNG) is expected to show steady growth in the coming decades until the middle of the 21st century. IEA analysts predict that under the current policy level, oil consumption could reach 113 million barrels per day by 2050, which is 13% higher than expected in 2024.

12.11.2025, 18:34
Checkpoint "Bedel" will reduce transit time by 12 hours - Syrgabaev
Economy / Exclusive

Checkpoint "Bedel" will reduce transit time by 12 hours - Syrgabaev

Today, a meeting of the transport ministers of Central Asia was held in Tashkent, attended by the Minister of Transport and Communications of the Kyrgyz Republic, Abdykalyk Syrgabaev. The focus of the discussion was on issues related to the development of transport infrastructure, the formation of multimodal corridors, and strengthening cooperation between regions. Syrgabaev noted a significant increase in cargo transportation volumes through the Kyrgyz-Chinese checkpoints "Torugart"

12.11.2025, 17:43
Economy

Central Asia Among Leaders in Warehouse Infrastructure Growth Rates - EDB

According to the Eurasian Development Bank, Central Asia and the South Caucasus are leading in the growth of warehouse infrastructure in the Eurasian region, and this trend is expected to continue until 2040. Forecasts indicate a significant increase in warehouse capacities in Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan: from 2.7 million square meters in 2025 to 19.6 million square meters by 2040, representing more than a sevenfold increase.

12.11.2025, 17:34
Housing prices may fall by 5-10% in 2026 — expert opinion
Economy / Exclusive

Housing prices may fall by 5-10% in 2026 — expert opinion

The leading specialist of the State Agency for Land Resource Management, Aidar Sukenbaev, shared his opinion on the possible decrease in real estate prices in 2026 during the program "Elden Sobol" on the Kabar agency. According to him, housing prices may fall by 5-10% due to current research. However, as the expert noted, such a decrease will not be long-term, as high demand for housing remains. One of the reasons for this is internal migration, as many people move to large cities

12.11.2025, 17:13
Economy

How Kyrgyzstanis Work for the USA: A Dispatcher from Bishkek on a Career in the Trucking Business

Over the past ten years, many Kyrgyzstani individuals who moved to the USA have found their place in the freight transportation sector, especially in the trucking business. However, there is another interesting aspect — dispatch work, which is also available to Kyrgyzstani people and can be performed remotely from Kyrgyzstan, bringing income by American standards. Erkin Kozhaliev, the director of Supreme Dispatch, spoke about how remote work is developing in Kyrgyzstan and what is needed to

12.11.2025, 17:00
Economy

Prosecutor General's Office: The authorized capital of "Kyrgyzstan Airports" has increased by 15.2 billion soms

The increase in the authorized capital of OJSC "Kyrgyzstan Airports" became possible thanks to the actions of the prosecutor's office. The press service of the General Prosecutor's Office of the Kyrgyz Republic reported that the amount of the increase was 15.2 billion soms. During an inspection conducted by the Transport Prosecutor's Office, ineffective use of state property by the company was identified.

12.11.2025, 16:28
Economy

Where to Buy Coal in Bishkek (Addresses and Prices)

In anticipation of the heating season for 2025-2026, the Bishkek city administration has planned to stockpile 240.2 thousand tons of coal to supply the population. According to the Department of Fuel and Energy Complex, the stockpiling began in July and will continue until the end of the current year. As of November 11, 159.43 thousand tons of coal have been stockpiled, which is 66.3% of the established plan. Currently, the remaining coal is distributed as follows: at fuel bases - 3,741 tons;

12.11.2025, 16:16
Taalaybek Ibraev: All mining farms in Kyrgyzstan are shut down
Economy / Exclusive

Taalaybek Ibraev: All mining farms in Kyrgyzstan are shut down

In response to recent statements by Almazbek Atambayev, the former president of Kyrgyzstan, who spoke out against mining and the export of electricity, the country's Minister of Energy Taalaybek Ibraev expressed his opinion, calling such statements "absurd in conditions of shortage." The head of the ministry noted that such remarks from the former president are often irresponsible. “Atambayev continues to make statements without taking responsibility for his words. He is indeed

12.11.2025, 15:23
Economy

In Kyrgyzstan, budget contributions from one tax have significantly increased

According to data provided by the Ministry of Finance, from January to September of this year, the national budget of Kyrgyzstan received 87.2% more from the income tax of mining companies compared to the same period in 2022. This year, tax revenues from gold mining companies amounted to 19 billion 458.9 million soms (equivalent to 222.3 million dollars), while for the same period last year, the amount was only 10 billion 390.4 million soms (about 118.7 million dollars).

12.11.2025, 14:32
Economy

It has been announced how much the state stablecoin of Kyrgyzstan, USDKG, was issued for.

According to information provided by the Financial Market Regulation and Supervision Service, the issuance volume of the state stablecoin USDKG is $50.1 million. The total issuance amounted to 50,140,738 stablecoins, each with a nominal value of $1. The issuer of this asset is the Joint Stock Company "Issuer of Virtual Assets," with the Ministry of Finance of the Kyrgyz Republic as the sole founder.

12.11.2025, 13:37
Economy

The Russian Customs asks EAEU declarants to responsibly carry out mandatory procedures

Recently, there has been an increase in the use of conformity documents (such as certificates and declarations) in Russia, primarily for light industry goods, electronics, and children's products, issued in EAEU member states. Authorized bodies and business associations have reported that these documents are often issued without adhering to the necessary assessment procedures, including mandatory testing, as stated by the Federal Customs Service of the Russian Federation. The message

12.11.2025, 12:04
The National Bank suspended the licenses of three exchange offices in Bishkek
Economy / Exclusive

The National Bank suspended the licenses of three exchange offices in Bishkek

The National Bank of Kyrgyzstan announced the suspension of licenses for three exchange offices in Bishkek due to violations of legislation and regulatory norms. In particular, license No. 6341 issued to the exchange office LLC "Keidji 098", located at: Bishkek, Bokonbaeva St., 76, apt. 2, will be suspended from November 8 to November 22, 2025. Also, from November 8 to November 17, 2025, the license No. 7026 issued to LLC "Dos Pro", located at the same address but in room

12.11.2025, 11:45
Torobaev familiarized himself with the activities of the greenhouse farm in the Uzgen district
Economy / Exclusive

Torobaev familiarized himself with the activities of the greenhouse farm in the Uzgen district

Recently, Bakyt Torobaev, the Minister of Water Resources, Agriculture, and Processing Industry, visited a greenhouse farm located in the village of Sheraly in the Uzgen district, as part of the rural administration "Karoool." This information was announced by the press service of the Ministry of Agriculture of Kyrgyzstan. During his visit, Torobaev positively assessed the work of the greenhouse farm, emphasizing its importance for the agricultural sector, the implementation of new

12.11.2025, 11:45
The reconstruction of the Toktogul and Uch-Kurgan hydropower units has been completed.
Economy / Exclusive

The reconstruction of the Toktogul and Uch-Kurgan hydropower units has been completed.

The reconstruction of the fourth hydroaggregate of the Toktogul HPP and the second hydroaggregate of the Uch-Kurgan HPP has been fully completed, and commissioning tests are currently being conducted. The Minister of Energy of the Kyrgyz Republic, Talaybek Ibraev, during his working trip to the Jalal-Abad region, familiarized himself with the modernization process of hydroenergy facilities. The reconstruction of the fourth unit at the Toktogul HPP is 100% complete, which will increase the

12.11.2025, 11:26
Exchange rates in commercial banks of Kyrgyzstan on November 12
Economy

Exchange rates in commercial banks of Kyrgyzstan on November 12

The data was collected from the official websites of commercial banks. If you have any questions regarding the presented information, it is recommended to contact the banks directly. This information is current as of the time of publication and pertains to exchange rates for cash currency exchange. Throughout the day, rates may be subject to changes.

12.11.2025, 11:17
All mining farms in Kyrgyzstan have been shut down — Talaybek Ibraev
Economy

All mining farms in Kyrgyzstan have been shut down — Talaybek Ibraev

Photo of the Cabinet of Ministers of the Kyrgyz Republic. Talaybek Ibraev The Minister of Energy of Kyrgyzstan, Talaybek Ibraev, commented on the criticism from former president Almazbek Atambayev. Atambayev had previously sharply condemned mining and the export of electricity, describing it as an "absurd" decision in the context of resource shortages. “Atambayev has always been known for his ability to say a lot without taking responsibility for his words. In this, he is unique,”

12.11.2025, 10:57