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

Economy

The Ministry of Economic Development Discussed Issues of Access for Textile Products to the Markets of Russia

The meeting discussed key issues regarding access for Kyrgyz goods to the market of the Russian Federation. Participants noted that problems arose due to the tightening of control by Russian authorities. Measures aimed at supporting local producers both in the domestic market and within the framework of foreign economic activity were also considered. Meeting participants emphasized the need to improve interagency cooperation, modernize infrastructure, expand training programs, and implement

18.11.2025, 16:24

Economy

In the Kyrgyz Republic, major suppliers of socially significant goods are urged to lower prices

A meeting was held in Bishkek, attended by the Minister of Economy and Commerce of the Kyrgyz Republic, Bakyt Sydykov, as well as representatives of tax services from all four districts of the capital. According to the press service of the ministry, the purpose of the meeting was to discuss prices for socially significant goods. Addressing those present, Sydykov emphasized the importance of reducing prices for these goods.

18.11.2025, 15:56

Economy

In Kyrgyzstan, the zero VAT rate on certain agricultural products will be maintained until 2027

The Ministry of Economy and Commerce of Kyrgyzstan has proposed to extend the zero VAT rate on certain socially significant agricultural products until the end of 2027. This draft document has been put out for public discussion. In the ministry, it was noted that the abolition of VAT on the import of animal feed, including hay, straw, compound feed, bran, and grains, is driven by the need to provide the population with quality feed and reduce prices for it.

18.11.2025, 15:51

Economy

Gold exports from Kyrgyzstan to Switzerland and the United Kingdom are increasing

According to the latest data from the National Statistics Committee, from January to September, Kyrgyzstan exported 5.7 tons of gold worth 615.4 million US dollars. In September of this year, 1.4 tons of this precious metal were shipped, of which 1.2 tons went to Switzerland for 137.5 million dollars, and 267.1 kilograms went to the United Kingdom for 31.3 million dollars.

18.11.2025, 15:47

Economy

Ravshanbek Sabirov familiarized himself with the progress of the construction of the "Hua Rui" factory.

Ravshanbek Sabirov, the director of the National Investment Agency under the President of Kyrgyzstan, conducted an inspection of the construction of the autoclaved aerated concrete plant "Hua Rui," located in the Issyk-Ata district of the Chui region. The press service of the agency reported on the progress of the field monitoring, which is being carried out to oversee the implementation of the project with a capacity of 300,000 m³ of aerated concrete per year. Sabirov emphasized

18.11.2025, 15:23

Economy

In Bishkek, apartment prices have decreased on a monthly basis

According to the information from the State Agency for Land Resources, Cadastre, Geodesy, and Cartography (GASRKG), the average price of one square meter of housing in Bishkek as of October was 107,221 soms. Data shows that the price per square meter has decreased by 11,257 soms, which corresponds to a decline of 9.5% compared to September.

18.11.2025, 15:23

Economy

Prices for National Bank gold bullion bars are decreasing

In Kyrgyzstan, a decrease in the buyback price of standard gold bars has been recorded, indicating a reduction in prices when selling gold to the National Bank, according to information from the National Bank of the Kyrgyz Republic. Currently, the buyback prices are as follows: 1 g - 12,817 soms; 2 g - 24,358 soms; 5 g - 59,125 soms; 10 g - 116,432 soms; 1 ounce (31.1 g) - 358,694 soms; 100 g - 1,148,752 soms. It should be noted that this refers to gold of 999 purity.

18.11.2025, 14:52

Economy

At the customs of the Uzbek-Kazakh border, "green" and "red" corridors will appear

At the "Gishtkuprik" auto checkpoint in Uzbekistan, "green" and "red" corridors for vehicles will be created. This was reported by the press service of the Customs Committee. Photo by the Customs Committee of Uzbekistan. Checkpoint "Gishtkuprik"

18.11.2025, 14:27

Economy / Exclusive

Kyrgyzstan's GDP Grows by 10%: EDB Records Steady Economic Growth

According to the latest macro review by the Eurasian Development Bank, the GDP of the Kyrgyz Republic increased by 10% from January to October 2025. Experts attribute this positive trend to the growth in consumption and investment activity. In particular, the construction sector shows an impressive growth of 27.7%, driven by government programs for housing provision and investments in infrastructure projects.

18.11.2025, 14:22

Economy

Fair in Bishkek: Horse meat for 599 soms, as well as fresh vegetables and fruits

Last weekend, a fair was held at Turdakun Usubaliev Square in Bishkek, showcasing socially significant products. Horse meat particularly attracted the attention of buyers, as it was offered at a price of 599 soms per kilogram. The fair also featured a variety of meat products, including beef, lamb, and chicken. Burool Doletbaeva, a pensioner and member of the veteran choir "Red Carnation," happily shared her impressions: she purchased vegetables, fruits, and a bit of meat from

18.11.2025, 14:19

Economy / Exclusive

The Ministry of Labor reported how many unemployed people there are in Kyrgyzstan

According to data provided by Saadatkul Mukambetova, a leading specialist at the Employment Assistance Solutions Department of the Ministry of Labor, Social Protection, and Migration, the total population of Kyrgyzstan is 7 million 373 thousand people. Of these, 59 thousand 600 citizens are registered as unemployed. Among them, 40 thousand 968 people have all the necessary documents and are officially recognized as unemployed. Mukambetova noted that active measures are being taken to assist

18.11.2025, 14:04

Economy / Exclusive

The fourth hydro unit has been launched at the Toktogul HPP after reconstruction.

A project for the construction of floating solar power plants is planned at the Toktogul Reservoir. On November 18, during the ceremony for the launch of the upgraded fourth hydro unit of the Toktogul HPP and the second unit of the Uch-Korgon HPP, the Minister of Energy of the Kyrgyz Republic, Talaybek Ibraev, announced upcoming plans.

18.11.2025, 13:45

Economy / Exclusive

The Ministry of Labor reported the availability of 8,000 job vacancies across the country

In the first ten months of this year, over 25 thousand vacancies were registered in Kyrgyzstan. This was reported by Saadatkul Mukambetova, a leading specialist at the Department of Employment Promotion Solutions of the Ministry of Labor, Social Security, and Migration, during a live broadcast on the Kabar agency. She noted that out of the total number of vacancies, 18 thousand are already filled, while approximately 8 thousand remain available for citizens applying to the employment service.

18.11.2025, 13:41

Economy / Exclusive

Taxpayers on a Patent Are No Longer Required to Visit Tax Authorities

Changes have occurred in the tax registration process for taxpayers using patents in Kyrgyzstan. This information was announced by the State Tax Service. According to the new provisions of the Tax Code, which came into effect due to the Law of the Kyrgyz Republic dated October 29, 2025, individuals obtaining patents through the electronic system of the State Tax Service will automatically receive tax registration immediately after the issuance of the patent. This means that the need for a

18.11.2025, 13:37

Economy / Exclusive

Official Unemployment in Kyrgyzstan is Decreasing: Reasons Named by the Ministry of Labor

In Kyrgyzstan, there is a steady decline in the number of citizens registered as unemployed. This was reported in a live broadcast by Saadatkul Mukambetova, a leading specialist at the Employment Promotion Solutions Department of the Ministry of Labor, Social Security, and Migration. According to her, this decrease is related to the increase in the number of people working informally — without employment contracts or temporarily in seasonal jobs.

18.11.2025, 13:23

Economy / Exclusive

The Most In-Demand Professions in Kyrgyzstan Have Been Named

In 2024-2025, a comprehensive analysis of the labor market in Kyrgyzstan will be conducted, organized by the Ministry of Labor, Social Security and Migration in collaboration with the Ministry of Education and the National Statistical Committee. This was reported by Saadatkul Mukambetova, a leading specialist in the Employment Promotion Solutions Department of the Ministry of Labor, during a live broadcast on the "Kabar" agency. According to her, as a result of this research, a

18.11.2025, 13:01

Economy / Exclusive

Sydykov: Kyrgyzstan Will Become a Regional Logistics and Digital Hub

At the forum taking place in Bishkek, the Minister of Economy and Commerce of the Kyrgyz Republic, Bakyt Sydykov, stated that the National Development Strategy of the country until 2030 harmoniously aligns with the long-term goals of the Central Asia Regional Economic Cooperation (CAREC) 2030 program. According to him, Kyrgyzstan sets clear objectives in the field of logistics and regional integration, including the creation of a logistics hub, the development of digital trade, and

18.11.2025, 12:52

Economy

Banquet halls are not allowed to operate after 10:00 PM even without lights and music. The business is concerned.

According to information provided by the chairperson of the "Horeca Club" association, Gulzat Raimbekova, the operation of banquet halls remains prohibited after 10:00 PM, even if they comply with noise regulations and turn off outdoor lighting. Raimbekova noted that the Bishkek city administration has made some concessions based on an oral directive from the president, allowing a-la-carte establishments (small cafes and restaurants) to operate after the specified time.

18.11.2025, 12:43

Economy

Minister: The Role of the CA is Growing as a Strategic Space Between Major Markets

The two-day business forum of the Central Asian Regional Economic Cooperation (CAREC) has started in Bishkek. This event is organized for the first time after nearly a 15-year hiatus, as noted by the Minister of Economy and Commerce of the Kyrgyz Republic, Bakyt Sydykov. He also emphasized that the forum is taking place in the year when Kyrgyzstan holds the chairmanship in the CAREC program and precedes the 24th Ministerial Conference scheduled for November 20.

18.11.2025, 12:18

Economy

Exchange rates in commercial banks on November 18: euro and ruble have fallen in price

As of November 18, the exchange rates set by the National Bank of Kyrgyzstan are presented below: The exchange rates of the National Bank of Kyrgyzstan on November 18. The dollar rate remains unchanged at 87.45 soms. The euro price also remains at 101.4 soms for buying and 101.6 soms for selling. The ruble is trading at 1.7 soms for buying and 1.8 soms for selling.

18.11.2025, 12:15

Economy

Russia exported products worth over $398 million to Kyrgyzstan

In the first eight months of the current year, Russia supplied agricultural products to Kyrgyzstan worth over $398 million. This is 13% more than in the same period of 2022, as reported by the portal "Grain Online," citing data from the federal center "Agroexport." In 2024, Russia exported over 760 thousand tons of food products to Kyrgyzstan, amounting to nearly $560 million. The main items in this export were wheat and chocolate confectionery, each accounting for 11% of

18.11.2025, 12:08

Economy

Bitcoin fell below $90 thousand

Today, the price of Bitcoin has fallen below the $90,000 mark, as recorded on the Binance exchange. The value of this cryptocurrency has decreased by 5.96%. This is the first drop below $90,000 since the end of April this year. On the largest cryptocurrency trading platform, Binance, Bitcoin was valued at $89,700 in the morning. This value has fallen below $90,000 for the first time since April 22. It is worth noting that in October, Bitcoin once again broke its historical record, exceeding

18.11.2025, 11:47

Economy / Exclusive

The average salary in Kyrgyzstan has risen to 42,700 soms

According to data from the National Statistical Committee, the average nominal salary of one employee (excluding small enterprises) in Kyrgyzstan from January to September 2025 amounted to 42,757 soms. This figure has increased by 19.5% compared to the same period in 2024.

18.11.2025, 11:35

Economy

Exchange rates in commercial banks of Kyrgyzstan on November 18

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

18.11.2025, 11:25

Economy / Exclusive

In 24 hours, over 10 thousand tons of coal were shipped from Kara-Keche

Over the past 24 hours, 10,190 tons of coal have been loaded at the Karakiche mine, which corresponds to loading 445 trucks. This data was provided by the enterprise "Kyrgyzkomur." The results of the mine's operations indicate its stable activity and the provision of coal to both the population and various enterprises. "Kyrgyzkomur" noted that coal supplies from Karakiche will continue without interruption.

18.11.2025, 11:16

Economy

A law limiting the establishment of LLCs with a single founder comes into effect

President Sadyr Japarov has signed a new law that amends the first part of the Civil Code and strengthens control over the activities of limited liability companies. This law will come into effect in a month. According to the new amendments, if a limited liability company (LLC) has only one founder who is also the sole participant in another business entity, such structures must not be under the control of a foreign company, either directly or indirectly.

18.11.2025, 11:05