GNS and KTU "Manas" to Join Efforts for the Development of the Jewelry Industry in Kyrgyzstan

Almambet Shykmamatov, the Chairman of the State Tax Service of the Kyrgyz Republic, visited the city of Kahramanmaraş in Turkey at the invitation of the rector of the Kyrgyz-Turkish University "Manas," Alpaslan Jaylan. During this trip, he familiarized himself with the jewelry sector of the region, which is known for its craftsmanship traditions, modern technologies, and production capacities. Kahramanmaraş is considered one of the main centers of jewelry production in Turkey.

Exchange Rate at the Moscow City Duma on October 31: Ruble is Declining

On the morning of October 31, the exchange rates for foreign currency at the Moskovsky Sovet exchange points are as follows:

Germany is considering the nationalization of Rosneft's assets

As reported by Reuters, the assets of "Rosneft" in Germany, including Rosneft Deutschland GmbH and RN Refining & Marketing GmbH, are currently under state control. This step was taken following the onset of Russia's full-scale invasion of Ukraine. October became the month when the U.S. imposed sanctions against "Lukoil" and "Rosneft," as well as their subsidiaries. However, an exemption is in place for the company's German assets, effective until

Self-ban on loans comes into effect on November 1: how it works

Photo 24.kg Starting from November 1, 2025, citizens of the Kyrgyz Republic will have the opportunity to voluntarily limit the issuance of loans and borrowings in their name. This innovation makes Kyrgyzstan the first country in Central Asia to implement such a mechanism. At a press conference held at the National Bank, Deputy Chairman Bektur Aliyev emphasized the relevance of this initiative in light of the increase in fraud in the online lending sector. In October of this year, over 200

30.5 million soms will be allocated for the completion of the major renovation and reconstruction of the E. Osmonov Stadium in Toktogul

In Toktogul, located in the Toktogul district, the process of selecting a contractor for the completion of the major repairs and reconstruction of the E. Osmonov Stadium has begun. This is reported on the state procurement portal, which indicates that the procurement method is unrestricted. The total amount allocated for the work is 30 million 465 thousand 965 soms.

In Kyrgyzstan, nearly 11 thousand houses and apartments have been introduced since the beginning of the year

From January to September 2025, 10,993 residential buildings were completed in Kyrgyzstan, with a total area of 1,274.5 thousand square meters. This is 30% more than in the same period of 2024, according to data from the National Statistical Committee. Investments in fixed capital for housing construction during this period amounted to approximately 103.5 billion soms, which is 80% higher than last year's level.

Sadyr Japarov stated that Kyrgyzstan has reduced the volume of debt in the energy sector by five times. How?

In an interview with the "Kabar" agency, President Sadyr Japarov commented on the current state of debts in the country's energy sector. He reminded that at the beginning of 2021, the total debt of the industry reached 137 billion soms, which is equivalent to approximately 1.5 billion dollars.

GNS and KTU "Manas" agreed on the training of jewelers in Kyrgyzstan

The Kyrgyz State Tax Service (GNS) and the Kyrgyz-Turkish University "Manas" have decided to join efforts to develop the jewelry industry in the country. During his working visit to the Turkish city of Kahramanmaraş, GNS Chairman Almambet Shykmamatov met with the university rector Alpaslan Ceylan. He also had the opportunity to familiarize himself with the activities of local jewelry enterprises, which represent one of the key production centers in Turkey, where traditional

Through the payment of customs duties via QR code, 40 million soms were received in the budget in a week - Saliev

In just one week, thanks to the new method of paying customs duties through QR codes, 40 million soms were received in the state treasury. This was stated by Almaz Saliev, the chairman of the State Customs Service of Kyrgyzstan, on the air of Birinchi radio. He noted that a digital system was developed in collaboration with "Eldik Bank" to simplify the process of paying customs duties.

US Sanctions. Foreign Assets of Lukoil to be Purchased by Oil Trader Gunvor Group

The Russian company Lukoil has come under U.S. sanctions and has agreed to the proposal from oil trader Gunvor Group to sell its foreign assets, excluding the possibility of negotiations with other interested parties. A press release states that "the key terms of the deal were agreed upon earlier... The sale of LUKOIL International GmbH is related to the imposition of restrictive measures by certain states against PJSC Lukoil and its subsidiaries."

The President signed the Law "On Consumer Credit". What has changed for Kyrgyzstanis

President Sadyr Japarov has approved the Law "On Consumer Credit," which was adopted by the Jogorku Kenesh on September 25, 2025. This was reported by the press service of the president's administration. This law does not apply to loans related to the purchase, construction, or completion of residential real estate unless provided for in its provisions. It establishes the rules for providing consumer loans, the terms of their contracts, the procedure for calculating and applying

Kyrgyzstan Fully Provides Itself with Six Socially Significant Products

The remaining three types of products are partially supplied through imports According to the Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic, in the first nine months, Kyrgyzstan was able to provide itself with six out of nine critically important food items.

Kyrgyzstanis can now impose a self-ban on loans - how to do it

To activate the self-ban mechanism on lending, you can use the Tunduk application. Starting from November 1, 2025, a self-ban mechanism for obtaining loans will come into effect in Kyrgyzstan. This was announced at a press conference in Bishkek by Azamat Jamangulov, the Minister of Digital Development and Innovative Technologies of the KR.

A Wave of Mass Layoffs Hits the Global Economy

The situation in the global labor market is becoming increasingly alarming: mass layoffs are affecting major companies in the US, Europe, and Asia. According to information from Reuters, many businesses around the world are ramping up layoffs, indicating a slowdown in economic growth. In September, over 25,000 layoffs were recorded in American companies, while logistics giant UPS announced plans to cut nearly 50,000 jobs since the beginning of the year.

The Central Bank named the main reasons for introducing the self-ban mechanism on loan issuance.

The Deputy Chairman of the National Bank, Bektur Aliyev, announced at a press conference in Bishkek on October 30 that the introduction of a self-ban mechanism on loans is aimed at protecting the rights and financial independence of citizens. He noted that there has been an increase in cases of online fraud in the country. "The National Bank receives numerous complaints about the illegal provision of online loans by banks and financial organizations," Aliyev stated.

The number of individual entrepreneurs in Kyrgyzstan has increased.

According to the latest analysis by the National Statistics Committee, the number of individual entrepreneurs in Kyrgyzstan increased by 4.1% over the past year. As of October 1 of last year, there were 386.9 thousand, and on the same date this year, their number rose to 403.1 thousand. The highest number of individual entrepreneurs is registered in Osh — 77.2 thousand, and in Bishkek — 69.2 thousand.

The Northern Bypass Will Relieve Bishkek of Traffic Jams — Construction is Ongoing Around the Clock

In Kyrgyzstan, the production of frozen berries is increasing

Favorable natural and climatic conditions for growing fruit and berry crops are observed in almost all regions of Kyrgyzstan. The Ministry of Water Resources, Agriculture, and Processing Industry notes that wild apple trees, apricots, strawberries, raspberries, strawberries, and currants grow in the country. Horticulture demonstrates high rates of development, especially in the Issyk-Kul region, where black and red currants, as well as apples and sea buckthorn, are actively cultivated. In the

Analysts voiced the risks of economic growth in Kyrgyzstan

In a recent report from the Eurasian Fund for Stabilization and Development, experts highlighted key risks that could impact Kyrgyzstan's economic growth from 2025 to 2028. They believe that financing the budget, which will require support for the inefficient energy sector, the implementation of major infrastructure projects (such as the Kambar-Ata Hydroelectric Power Station and the China-Kyrgyzstan-Uzbekistan railway), as well as for the recapitalization of the State Mortgage Company and

More Beer is Being Imported to Kyrgyzstan

According to data from the National Statistical Committee, the volume of imported beer in Kyrgyzstan from January to August increased by 9.7% compared to the same period last year. During these months, the republic purchased 10 million 277.7 thousand liters of beer for a total of $9.8 million.

In the city of Osh, Abulaev Street will be paved for 35 million soms.

In the city of Osh, the asphalting of Abulaev Street is planned, for which 35 million soms have been allocated. This information appeared on the state procurement portal. The municipal enterprise "Osh City Roads" has initiated a tender for the asphalting work from Jumabaev Street to Shamshiev Street.

A New Substation Has Appeared in Osh

Today, a new substation "Ken-Sai" began operations in the Ken-Sai massif of Osh. Construction work was completed ahead of schedule, as reported by the press service of the Ministry of Energy. The project was implemented by OJSC "National Electric Networks of Kyrgyzstan" with total investments amounting to 18,500.0 thousand soms.

A new substation has been put into operation in the city of Osh

A new substation "Kең-Sai" was opened in Osh on October 30. Attending the event were the Minister of Energy Talaybek Ibraev, the Mayor of Osh City Zhenishbek Toktorbaev, the General Director of the National Electric Networks of Kyrgyzstan OJSC Ilgiz Sydygaliev, and local residents.

The GDP growth of Kyrgyzstan is expected to be at 10 percent by the end of this year.

At the international scientific and practical conference "Ways to Solve Priority Tasks for Accelerated Economic Growth of the Kyrgyz Republic" in Bishkek, the Chairman of the Financial Market Regulation and Supervision Service, Marat Pirnazarov, stated that the expected growth of Kyrgyzstan's gross domestic product by the end of the current year will be 10 percent. Pirnazarov noted that there is an increase in activity in the securities market and growing interest from investors

How "Chuy Electric Networks" Prepares Kyrgyzstanis for Winter: Savings, Timely Payments, and "Smart" Meters

- The leading sales specialist for electricity at the branch "Chui Electric Networks" of the Open Joint Stock Company "National Electric Network of Kyrgyzstan," Meerim Bektemirova, revealed details of measures aimed at saving energy, timely payments, and the implementation of "smart" meters during the winter period in a radio interview. According to the government decree dated May 28, 2025, No. 282, work is actively underway with large consumers, such as cafes and

Beans as a Brand of Kyrgyzstan: A Processing Plant is Proposed to be Built in Talas

Beans are an important agricultural crop grown not only in Kyrgyzstan but also in China, India, and Southeast Asian countries. Each year, there is a growing interest in this product on the international stage. Kyrgyz beans are especially valued for their quality characteristics, making them attractive for export. However, local farmers face challenges related to market prices for their products. As a result, there is a need for a bean processing plant in the region. According to Erbol

What products does Kyrgyzstan provide for itself? List

As of the end of the nine months of the current year, the Kyrgyz Republic independently provides itself with six out of nine types of socially significant food products, as reported by the press service of the Ministry of Agriculture, Water Resources, and Processing Industry. This includes: potatoes; milk; meat; vegetables; eggs; sugar. The remaining three products are partially imported from abroad: baked goods (including grain crops); vegetable oil; fruits and berries. Starting in 2024,

The EBRD will allocate $500 million to participants of the Kambarata HPP-1 project

The Vice President of the European Bank for Reconstruction and Development (EBRD), Matteo Patrone, confirmed that the bank will actively participate in the construction project of the Kambarata HPP-1. This financing is part of the European Union's Global Gateway initiative. According to Patrone, the bank has already signed memorandums of understanding with the energy ministers of Kazakhstan, Kyrgyzstan, and Uzbekistan. He noted that the involvement of multilateral development banks is

The Entrepreneurship Development Fund has increased the amount of loans for livestock purchases.

According to the press service of the FRP, the maximum loan amount for purchasing livestock has now been increased from 2 million to 3 million soms.

Kyrgyzstan, Uzbekistan, and Tajikistan agreed to cooperate in construction

The meeting of the intergovernmental council of the CIS has concluded in Tashkent, where Kyrgyzstan, Uzbekistan, and Tajikistan discussed issues of cooperation in the construction sector. The event was attended by the Minister of Architecture, Construction, and Housing and Communal Services of the Kyrgyz Republic, Nurdin Oruntaev. According to information from the ministry's press service, the discussion covered the exchange of experience and the implementation of joint projects in the

Choro Seitov: Kyrgyzstan Must Become a Country Connecting Regions

Speaking online at a logistics exhibition in Bishkek, he emphasized that Kyrgyzstan aims to change its status from a landlocked country to a transit state. This implies a transition from the concept of "Land Locked countries" to "Land Linked country."

Exchange rates in commercial banks of Kyrgyzstan as of October 30

Information was gathered from the official websites of commercial banks. If you have any questions regarding the provided data, it is recommended to contact the respective banks directly.

GNS: Revenue of cafes connected to fiscal software increased sevenfold

The Tax Service of Kyrgyzstan reported significant successes within the framework of a pilot project for the implementation of fiscal software with data transmission capabilities. The program involves 546 catering establishments, as informed by the agency's press service. The total number of integrated fiscal software units used has reached 880.

Igor Golubev: Kyrgyzstan Should Have Its Own Navy

At the KyrgyzTransLogistic 2025 exhibition, held on the international stage, Igor Golubev, who holds the position of Deputy Chairman of the Association of Cargo Carriers of Kyrgyzstan, expressed the opinion on the necessity of creating a merchant fleet for the country, despite the lack of direct access to the ocean. He emphasized the importance of this step for the development of logistics and the business sector.

The dollar has depreciated. Currency exchange rates in commercial banks on October 30

The National Bank of Kyrgyzstan has established the following exchange rates as of October 30: The exchange rate of the dollar to the som remained unchanged, while the euro and the ruble experienced a decline after several days of growth.

Kyrgyzstan has become fully self-sufficient in sugar and eggs

According to information provided by the Ministry of Water Resources, Agriculture, and Processing Industry, the Kyrgyz Republic has been able to fully meet its domestic needs for six out of nine key food products. According to the agency's data, in the first nine months of 2025, the country fully provided itself with potatoes, milk, meat, vegetables, eggs, and sugar. At the same time, baked goods (grains), vegetable oil, as well as fruits and berries are partially imported.

Viktor Dosenko: No CIS Country Has Standards for Toll Roads

During the discussion at the KyrgyzTransLogistic exhibition, which is taking place in Bishkek, Viktor Dosenko, head of the International Academy of Transport, emphasized the lack of standards for toll roads in the CIS. He called for the necessity of their development, noting that the requirements for such roads should be significantly higher than for regular highways.

The Federal Tax Service has expanded the list of types of NGOs required to submit consolidated information on income and expenses.

The State Tax Service (GNS) has announced the expansion of the list of non-profit organizations that are now required to provide consolidated information about their financial flows. According to information from the agency, such organizations include political parties, religious associations, trade unions, and cooperatives. All of them must report on their sources of funding, as well as on the directions of the use of these funds and the property they acquire, use, or sell.

What Will Lead to the Budget Deficit of the Kyrgyz Republic in 2028, Forecasted by EFSD Analysts

The Eurasian Fund for Stabilization and Development (EFSD) has presented a medium-term analysis regarding the budget of Kyrgyzstan for the coming years. The conclusion of the report reflects the opinions of experts on the financial condition of the country. Forecasts indicate that during the years 2025-2027, the republic will have a budget surplus, which will allow it to meet obligations, particularly for the recapitalization of state enterprises in sectors such as energy, banking, and

GNS: The Project for Implementing the FPO Among Taxpayers is Effective

In the pilot project of the Tax Service of Kyrgyzstan aimed at implementing fiscal software (FS) with data transmission capabilities, 546 public catering establishments are participating. This information was provided by the agency's press service. According to the provided data, the number of integrated units of fiscal software has reached 880.

Euro, Ruble, and Yuan Have Decreased in Value. Currency Exchange Rates for October 30

According to the National Bank of Kyrgyzstan and exchange offices in Bishkek, the rates of the euro, Russian ruble, and Chinese yuan have decreased, while the Kazakh tenge has strengthened, and the dollar rate remained unchanged. US Dollar:

Exchange Rates at the Moscow City Council on October 30

The morning exchange rates for foreign currencies at the Mos Soviet on October 30 are as follows:

Exchange rates for October 30

As of October 30, 2025, the National Bank has announced the official exchange rates. US Dollar (USD) — 87.4500 (87.4500)

The great hydropower potential of the Kyrgyz Republic was noted in the president's administration.

At the international scientific and practical conference held in Bishkek titled "Ways to Address Priority Tasks for Accelerated Economic Growth of the Kyrgyz Republic," Eldar Alisherov, head of the Eurasian Economic Union sector of the presidential administration, stated that Kyrgyzstan has a huge hydropower potential reaching 140 billion kilowatt-hours. According to him, the country currently produces only 14-15 billion kilowatt-hours, which opens up opportunities for growth and

New Cities, Companies, and Banks. Which Entities Have Changed Their Names Since the Beginning of the Year

Since the beginning of 2021, Kyrgyzstan has been actively renaming old and creating new state structures. This process continues, and in 2025, significant changes were made to the names of cities, villages, streets, as well as new agencies and enterprises were established. Kaktus.media recalled the key changes that occurred this year.

Kyrgyzstan Participated in the Meeting of the CIS Council on Construction

The event took place in Tashkent On October 28, the 46th meeting of the Intergovernmental Council on Cooperation in the Construction Sector among CIS countries was held in Tashkent. Kyrgyzstan was represented by a delegation headed by the Minister of Construction, Architecture, and Housing and Communal Services, Nurdana Oruntaev.

Kyrgyzstan Wants to Obtain the Right for Duty-Free Import of 15,000 Electric Vehicles

In 2026, Kyrgyzstan submitted a request for permission to import 15,000 electric vehicles. This initiative has been presented for discussion on the platform of the Eurasian Economic Commission. If the proposal is approved, 15,000 vehicles corresponding to codes 8703 80 000 3 and 8703 80 000 5 according to the EAEU Customs Code will be allowed to be imported into the country duty-free. At the same time, only citizens of Kyrgyzstan will be able to use the electric vehicles.

Over 140 million soms allocated to support small and medium-sized businesses

In Kyrgyzstan, the project "Preferential Lending for Small and Medium Enterprises" is actively being implemented, aimed at supporting local businesses, developing regions, and promoting a "green" economy. According to the Ministry of Finance, as of October 9, 2025, 49 small and medium enterprises have received loans totaling 143.98 million soms under this project.