Economy

The Cabinet will require businesses to accept payment only by card.

The government of Kyrgyzstan has announced a new mandatory transition to cashless payments, which will be implemented as part of the tax administration reform. This decision is enshrined in the relevant decree. According to the new rules, all trading and service enterprises in cities are required to accept payments via bank cards and electronic wallets. To comply with this requirement, businesses will need to install POS terminals or connect to online payment systems.

04.11.2025, 13:28
Economy

Self-Ban on Lending. Why It Is Necessary and How to Establish It (Complete Guide)

According to information from the Ministry of Digital Development, a self-ban on lending is a free and voluntary mechanism that allows citizens to preemptively limit their ability to obtain loans and credits from financial institutions. The initiative was introduced by lawmakers and later signed by President Sadyr Japarov. This measure is aimed at protecting the rights and interests of citizens, as well as their financial independence, noted Bekhtur Aliyev, Deputy Chairman of the National Bank.

04.11.2025, 13:14
Economy

Sadyr Japarov criticized the Minister of Energy for the "Unlimited Tariff"

Sadyr Japarov expressed his dissatisfaction with the actions of the Minister of Energy of Kyrgyzstan, Talaybek Ibraev, related to the proposal from the JSC "National Electric Network of Kyrgyzstan" to switch to the "Unlimited Tariff" for electricity. This was reported by the president's press secretary, Askhat Alagozov, in his statement. In turn, the National Electric Network of Kyrgyzstan had previously announced the introduction of temporary restrictions on

04.11.2025, 12:59
Economy

How much has the maintenance of the presidential administration cost since the beginning of the year

From the beginning of January to the end of November 2025, the expenses for the activities of the President's Administration of the Kyrgyz Republic amounted to 682.1 million soms, which is lower than the planned 806.8 million soms. This data was provided as a result of an analysis of information from the "Open Budget". Of the total amount, 483.8 million soms was allocated for the salaries of permanent employees, while additional payments and compensations amounted to 255.4

04.11.2025, 12:51
Economy

Alcohol producers have increased payments to the budget of Kyrgyzstan

According to the Ministry of Finance, from January to September of the current year, the budget received 2 billion 772.2 million soms, which is equivalent to approximately $31.7 million from alcohol excise taxes. The largest amounts came from vodka sales — 1 billion 808.2 million soms, as well as from packaged beer — 710.3 million soms and cognac — 107.5 million soms.

04.11.2025, 12:48
Economy

Markets and shopping centers are required to monitor entrepreneurs and report to the State Tax Service.

In Kyrgyzstan, a new law has been adopted that significantly changes the rules of tax regulation. It introduces additional obligations for market and shopping center administrations, expands the powers of tax authorities, and implements a mechanism for a Unified Tax Account. According to the new regulation, market administrations are now required to monitor compliance with tax legislation by all entrepreneurs operating on their premises.

04.11.2025, 12:42
Kyrgyzstan Expands Honey Exports Through Online Sales
Economy

Kyrgyzstan Expands Honey Exports Through Online Sales

In Kyrgyzstan, the "Trade Facilitation" project has been launched, creating new horizons for producers of natural honey. At the National Round Table, project coordinator Saule Jumayeva spoke about how the initiative aims to develop online sales and promote Kyrgyz honey in foreign markets.

04.11.2025, 10:35
Exchange rates in commercial banks of Kyrgyzstan on November 4
Economy

Exchange rates in commercial banks of Kyrgyzstan on November 4

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

04.11.2025, 09:47
Economy

Since the beginning of the year, over 77 million soms have been received in the budget from the mining tax

According to the data from the National Statistical Committee, from January to September 2025, the budget of Kyrgyzstan received 77 million 73.5 thousand soms from the mining tax. These revenues significantly exceed the similar figures from the previous year. In comparison with the same period in 2024, when tax revenues amounted to only 38 million 163.7 thousand soms, the current figures indicate a twofold increase.

04.11.2025, 07:54
Economy

Kyrgyzstan Maintains Leadership in the EAEU in Terms of Growth in Construction Volume

Kyrgyzstan continues to hold the first place in the Eurasian Economic Union in terms of the growth rate of construction work volume. This is confirmed by data published by the Eurasian Economic Commission. From January to August 2025, the total volume of construction work in the Union countries increased by 5.2% compared to the same period last year.

04.11.2025, 07:21
Economy

Kyrgyz Tailors in a Deadlock. Deliveries of Goods to Marketplaces Are Becoming Impossible

The tightening of VAT payment controls in Russia is leading to significant delays at the border, where hundreds of trucks are waiting for inspection. Due to stricter measures from the customs service, compliance with all regulations does not guarantee timely delivery of goods. Kyrgyz entrepreneurs working on marketplaces are facing serious obstacles. At the moment, they cannot deliver their goods to warehouses in Russia, which puts the business of nearly 30,000 local sellers at risk.

03.11.2025, 18:16
Economy

How NESK Assesses the Readiness of Kyrgyzstan's Energy System for the Autumn-Winter Period

Isabek Orozbaev, a representative of NESK, stated in an interview on "Birinchi Radio" that "the energy system of Kyrgyzstan is 100% ready for the autumn-winter period." He noted that preparations for the winter season begin in the summer and continue until mid-autumn. This year, NESK completed the installation of 611 kilometers of SIP-2 cables for 0.4 kV, 143 kilometers of SIP-3 for 10 kV, 36.7 kilometers of underground cables for 10 kV, as well as 575 transformer

03.11.2025, 17:20
Economy

Russia agreed to increase supplies of one type of fuel to Kyrgyzstan

Changes in the indicative balance of petroleum product supplies for 2025 have been agreed upon by the ministries of energy of Russia and Kyrgyzstan. This information was confirmed by the Ministry of Energy of Kyrgyzstan, as reported by Kaktus.media. "The indicative balance for 2026 will be adopted at the level of 2025, with the possibility of subsequent adjustments depending on actual consumption in Kyrgyzstan," the Ministry of Energy added.

03.11.2025, 17:06
Focus on Import Substitution. Kyrgyzstan Accelerates Achievement of Food Security
Economy / Exclusive

Focus on Import Substitution. Kyrgyzstan Accelerates Achievement of Food Security

President of Kyrgyzstan Sadyr Japarov has approved amendments to the Law "On Food Security of the Kyrgyz Republic." The main goal of the document is to ensure the domestic market of the country is supplied with essential socially significant food products produced within the country. Experts emphasize that over the past four years, the government has taken concrete measures to strengthen the agro-industrial sector and develop the processing industry. The priority is to provide the

03.11.2025, 16:43
Economy

The cause of the electricity shortage has been attributed to a force majeure situation.

According to Isabek Orozbaev, a representative of JSC "National Electric Network of Kyrgyzstan," there is an annual increase of 30,000 new subscribers to the electric networks in Kyrgyzstan. In a broadcast on "Birinchi Radio," he reported that over the past nine months this year, the number of subscribers has increased by 25,000. He noted that electricity consumption in the country is growing faster than its production. As an example, Orozbaev cited data from 2015, when

03.11.2025, 16:39
Economy

Miners in Kyrgyzstan Have Started Paying More Taxes

According to data published by the National Statistics Committee, from January to September of this year, tax revenues from mining amounted to 77 million 73.5 thousand soms. This is twice as much as in the same period last year, when the amount was 38 million 163.7 thousand soms.

03.11.2025, 15:57
NESC: Not enough power – switch to unlimited
Economy

NESC: Not enough power – switch to unlimited

The company announced the cost of the new tariff Consumers experiencing a shortage of power in their electricity supply may consider switching to an unlimited tariff. This was announced by Isabek Orozbaev, head of the electricity sales department of the National Electric Network of Kyrgyzstan JSC.

03.11.2025, 14:21
Economy

Gulnuru Toralieva Elected Co-Chair of the Kyrgyz-Azerbaijani Business Council

Gulnura Toralieva has become the co-chair of the Kyrgyz-Azerbaijani Business Council from the Kyrgyz side, as reported by the Chamber of Commerce and Industry of Kyrgyzstan. In her new position, she will focus on promoting business initiatives, strengthening business ties, and expanding cooperation between Kyrgyzstan and Azerbaijan.

03.11.2025, 13:34
Economy

Kyrgyzstan Maintains Leadership in the EAEU in Housing Construction Growth Rates

According to data from the Eurasian Economic Commission, from January to August, the volume of construction work in the EAEU countries increased by 5.2% compared to the same period last year. It is worth noting that in 2023, the construction sector became one of the key factors for the growth of Kyrgyzstan's gross domestic product, accounting for 7.9% of the total economy of the country for the period from January to September.

03.11.2025, 13:23
Economy

OJSC "Airports of Kyrgyzstan" made decisions regarding shares and new aircraft

An extraordinary shareholders' meeting of OJSC "Airports of Kyrgyzstan" took place on October 31, during which a number of important initiatives for the further development of the company were discussed and approved, the press service reports. One of the key decisions was to conduct an additional share issuance, known as the seventh emission.

03.11.2025, 11:47
The opportunities for partnership between the government, business, and investors were discussed in the Kyrgyz Republic.
Economy

The opportunities for partnership between the government, business, and investors were discussed in the Kyrgyz Republic.

In Bishkek, an event titled "New Architecture of Investment Policy: Partnership of the State, Business, and Investors" took place, during which participants discussed relevant proposals for improving law enforcement practices and creating a more comfortable investment environment in Kyrgyzstan. As part of this meeting, a memorandum of cooperation was signed between the National Investment Agency under the President of the Kyrgyz Republic, the General Prosecutor's Office, and

03.11.2025, 11:30
Catfish has risen in price against all currencies except the dollar. Exchange rate as of November 3.
Economy

Catfish has risen in price against all currencies except the dollar. Exchange rate as of November 3.

Photo from the internet. The Russian ruble continues to remain unstable — its exchange rate fluctuates between significant growth and sharp decline According to information provided by the National Bank of Kyrgyzstan and exchange offices in Bishkek, the exchange rates of the euro, Russian ruble, Kazakh tenge, and Chinese yuan have shown a decrease. Meanwhile, the dollar exchange rate remained unchanged. US Dollar:

03.11.2025, 10:27
Exchange rates in commercial banks of Kyrgyzstan as of November 3
Economy

Exchange rates in commercial banks of Kyrgyzstan as of November 3

The data is presented based on information collected from commercial bank websites. If you have any questions regarding the indicated rates, it is recommended to contact the banks directly. The data is relevant at the time of publication. Please note that currency exchange rates for cash transactions may change throughout the day.

03.11.2025, 10:04
Economy / Exclusive

"Meat, Diesel, Celebrations". Why Cows, Horses, and Sheep Are Becoming More Expensive in Kyrgyzstan

In Kyrgyzstan, meat continues to be quite an expensive product in the market, yet the demand for it does not decrease. Kaktus.media conducted a study to find out the current prices for sheep, cows, and horses, as well as the reasons why the cost of meat remains high. Currently, the livestock sales season is in full swing, lasting from August to November. This period coincides with numerous weddings and other celebrations, during which animals are traditionally slaughtered. Despite efforts to

02.11.2025, 19:59
Economy

Russia is fighting against "gray" imports. Goods from Kyrgyz tailors are stuck at the border.

Since the beginning of October, media reports have emerged about a significant increase in the number of trucks at the Kazakhstan-Russia border seeking to enter Russia. By mid-month, this number reached 7,000. Traffic jams have occurred not only at the border crossing points but also on access roads. According to the Ministry of Transport of Kazakhstan, this is related to the tightening of control by Russia. The time for cargo inspections has increased, and measures for document verification

01.11.2025, 14:58
Bishkek's Grocery Basket on November 1. How Prices Changed Over the Week
Economy

Bishkek's Grocery Basket on November 1. How Prices Changed Over the Week

This week in Bishkek, there has been an increase in prices for potatoes, tomatoes, cabbage, peppers, and milk. At the same time, rice, cucumbers, carrots, pears, bananas, and eggs have become cheaper. As a result, the cost of the minimum grocery set decreased by 69 soms, now amounting to 6,140 soms.

01.11.2025, 13:18
By the end of November, the rehabilitation of GES No. 3 of the Toktogul Hydroelectric Power Station will be completed.
Economy / Exclusive

By the end of November, the rehabilitation of GES No. 3 of the Toktogul Hydroelectric Power Station will be completed.

A meeting of the board organized by the Ministry of Energy of the Kyrgyz Republic took place in Bishkek, where the results of the work of energy companies for the nine months of 2025 were summarized. High-ranking officials attended this meeting, including a representative of the president's office, Minister of Energy Talaybek Ibraev, as well as deputy ministers and heads of related sectors. As part of the project "Rehabilitation of the Toktogul HPP Phase No. 3," the installation

31.10.2025, 18:36
Economy

Changes are being made to the cashless payment system in Kyrgyzstan

Sadyr Japarov, the President of Kyrgyzstan, has approved a draft law that amends a number of regulatory acts related to taxation. This was reported in a press release from the State Tax Service. According to the information from the service, the draft law proposes a strict ban on the use of equipment (including software and hardware devices) for business purposes to make payments via bank cards, electronic money, as well as through QR codes and other cashless payment methods registered to

31.10.2025, 18:31
Fund for the Development of Kyrgyzstan and Azerbaijan: The Parties Agreed to Activate Cooperation
Economy / Exclusive

Fund for the Development of Kyrgyzstan and Azerbaijan: The Parties Agreed to Activate Cooperation

On October 30, a meeting took place in Bishkek, attended by the Minister of Economy and Commerce of the Kyrgyz Republic, Bakyt Sydykov, and the First Deputy Minister of Economy of Azerbaijan, Elnur Aliyev. The meeting emphasized that cooperation between the two countries is actively developing within both bilateral and multilateral formats. The prospects for strengthening trade and economic ties were discussed, with a focus on activating the work of the Azerbaijan-Kyrgyz Development Fund.

31.10.2025, 18:22
Azerbaijan-Kyrgyz Fund to Finance the Construction of a Hydroelectric Power Station in Kara-Kuldja
Economy

Azerbaijan-Kyrgyz Fund to Finance the Construction of a Hydroelectric Power Station in Kara-Kuldja

The sixth meeting of the Azerbaijan-Kyrgyz Development Fund Council took place in Bishkek, chaired by Elnur Aliyev, the First Deputy Minister of Economy of Azerbaijan. The press service of the Ministry of Economy reported that representatives of the government structures of both countries also participated in the event. During the meeting, an investment project for the construction of a small hydroelectric power station was approved, which will have a capacity of 5.4 megawatts and will be

31.10.2025, 18:22
Energy consumption in Kyrgyzstan reached 13.8 billion kWh
Economy / Exclusive

Energy consumption in Kyrgyzstan reached 13.8 billion kWh

Today, a meeting of the Ministry of Energy took place in Bishkek, where the results of the energy companies' work for the first nine months of 2025 were summarized. According to the provided data, the total electricity consumption in the country amounted to 13.8 billion kWh, while domestic electricity production reached 11.3 billion kWh.

31.10.2025, 17:40