Economy

EU Sanctions. Some Banks in Tajikistan Have Restricted Money Transfers to Russia

Since the beginning of November, some financial institutions in Tajikistan have restricted the ability to send money transfers to Russia, as reported by Radio Ozodi in its report. The reason for these measures was the inclusion of three major banks in the country — "Dushanbe City Bank," "Spitamen," and "Commercial Bank of Tajikistan" — under European Union sanctions.

10.11.2025, 22:45
Economy / Exclusive

How much does the last strawberries of this season cost in the markets of the Jayil District?

In the markets of the Jayil district, the last batch of strawberries for this season is being sold at a price ranging from 250 to 300 soms per kilogram, reports Turmush correspondent. Thanks to the warm and dry weather, farmers from the Jayil and Panfilov districts of the Chui region, despite recent frosts and snowfalls, have managed to harvest several batches of strawberries from plantations located in the foothills.

10.11.2025, 17:10
Kyrgyz Honey Enters the Chinese Market. Preliminary Contract Signed for 60 Tons
Economy / Exclusive

Kyrgyz Honey Enters the Chinese Market. Preliminary Contract Signed for 60 Tons

Important news for the agricultural sector of Kyrgyzstan: the country plans to export 60 tons of pure honey to China. This was reported by the Center for Development and Promotion of Exports "Kyrgyz Export". The contract was signed in Shanghai with the participation of the Ministry of Agriculture of the Kyrgyz Republic, as well as the representation of the Ministry of Economy and Trade in China. The signing took place between the Kyrgyz company Dary Tyan-Shanya LTD and the Chinese

10.11.2025, 16:13
Economy

Self-Ban on Loans in the Kyrgyz Republic Has Started. How to Protect Yourself from Fraudsters and Free Loans

Starting from November 1, residents of Kyrgyzstan have the opportunity to establish a self-ban on lending. This initiative was supported by lawmakers and signed by the country's president, Sadyr Japarov. But why is a self-ban on loans necessary and how can it be activated? The answer is simple: it protects against internet fraudsters who may use your personal data to obtain a loan. Unfortunately, such cases are not uncommon, and government agencies have developed a method to avoid

10.11.2025, 15:24
Economy

Global food prices fell by 1.6 percent in October

According to the Food and Agriculture Organization of the United Nations (FAO), global food prices decreased in October. The food price index, which the FAO uses to monitor changes in international quotations, stood at 126.4 points, indicating a decline of 1.6 percent compared to September.

10.11.2025, 13:44
Economy

Candidates for deputies reminded of the provisions of the Tax Code related to elections

According to the information from the press service of the State Tax Service, candidates for deputies must take into account the norms of tax legislation. In particular, it was noted that funds received by individuals from the electoral funds of political parties or candidates for performing the functions of trusted persons, observers, or for providing campaigning services, are not subject to taxation. Additionally, the work of campaigners during the election period is not considered taxable

10.11.2025, 12:34
Exchange rates in commercial banks on November 10
Economy

Exchange rates in commercial banks on November 10

As of November 10 of this year, the exchange rates for foreign currency set by the National Bank of Kyrgyzstan are as follows: The dollar maintains its stability, while the euro and the ruble have significantly appreciated.

10.11.2025, 11:36
Exchange rates in commercial banks of Kyrgyzstan as of November 10
Economy

Exchange rates in commercial banks of Kyrgyzstan as of November 10

Information is collected from commercial bank resources. If you have any questions regarding the presented data, we recommend contacting the respective banks. The data is current as of the publication date. The indicated rates pertain to cash currency exchange and may change throughout the day.

10.11.2025, 11:02
Economy

The GNS reminded candidates for deputies about the norms of tax legislation

The State Tax Service of the Kyrgyz Republic has reminded candidates for deputies of the Jogorku Kenesh about the current provisions of tax legislation. In particular, funds received by individuals from the electoral funds of candidates and political parties are not subject to income tax if they are received for performing the duties of authorized representatives, observers, or for providing campaign services during electoral campaigns.

10.11.2025, 10:28
Iskak Anarbekov: We provide a platform for farmers at fairs for free
Economy

Iskak Anarbekov: We provide a platform for farmers at fairs for free

In Bishkek, a new cycle of weekly fairs dedicated to socially significant food products has started. These events are aimed at stabilizing prices and ensuring food accessibility for those in vulnerable situations. Iskak Anarbekov, the curator of the fairs and head of the project implementation sector of public-private partnerships at the Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic, told VB.KG about the necessary documents for farmers, requirements

10.11.2025, 09:32
Economy

The Ministry of Economy is creating an electronic database of halal products.

The Ministry of Economy and Commerce of Kyrgyzstan has initiated the creation of an electronic database dedicated to halal products. The launch of this system is planned for next year, as reported by the director of the halal industry development center, Almaz Kaiyrbekov, on the air of "Birinchi Radio." According to Kaiyrbekov, the new information storage system will provide more accurate data on the number of producers of meat, dairy, and other types of halal products.

10.11.2025, 08:40
Economy

In Kyrgyzstan, retail trade turnover grew more than in other CIS countries

According to information published by the Interstate Statistical Committee of the Commonwealth, Kyrgyzstan demonstrates the highest growth in the retail trade sector among the CIS countries. In particular, according to data for 2024, the overall trade growth in the CIS amounted to 3.4 percent, while in the Kyrgyz Republic this figure reached an impressive 25 percent.

10.11.2025, 07:29
Kazakhstani Entrepreneurs Move Production to Kyrgyzstan
Economy

Kazakhstani Entrepreneurs Move Production to Kyrgyzstan

The tax reform announced by the government has attracted the attention of both entrepreneurs and experts. Economists have expressed opinions about the possible negative consequences of the reform, particularly on the Orda.kz platform. Among those who spoke out were Almaty businessmen operating under the B2B (business-to-business) model. The main problem for them has become not so much the introduction of VAT, but rather the lowering of the threshold and the ban on B2B offsets.

09.11.2025, 10:22
Economy

Temporarily. The USA has lifted sanctions on Hungary for the purchase of oil and gas from Russia.

Hungary has received a temporary exemption from American sanctions on the import of oil and gas from Russia, which, according to information from the White House, will be in effect for one year. Previously, Peter Szijjártó, Hungary's Minister of Foreign Affairs, emphasized that the United States granted the country an "unconditional and indefinite" exemption from restrictions concerning the companies "Rosneft" and "Lukoil".

08.11.2025, 16:34
Bishkek's Grocery Basket on November 8. How Prices Changed Over the Week
Economy

Bishkek's Grocery Basket on November 8. How Prices Changed Over the Week

Last week in Bishkek, there was an increase in prices for a number of products: bread, cucumbers, peppers, apples, pears, bananas, eggs, fish, and vegetable oil became more expensive. At the same time, prices for buckwheat, potatoes, tomatoes, onions, cabbage, and sugar decreased. As a result, as of November 8, the cost of the minimum grocery set increased by 366 soms, totaling 6,507 soms.

08.11.2025, 15:07
Economy

External management at Kum-Shagyl JSC has been extended again

The Cabinet of Ministers has approved a new extension of external management at Kum-Shagyl OJSC. The corresponding changes were made to the resolution dated February 29, 2024. According to the updated document, the term of external management will now be from November 8, 2025, to February 8, 2026.

08.11.2025, 14:21
Economy

Employees of the State Tax Service identified goods without documents confirming their origin

During tax control raid activities conducted by the State Tax Service employees in Bishkek, a warehouse was discovered where mobile phones and other devices were stored without the necessary primary documents confirming their origin. As a result of the inspection of the premises, the following was found: 487 mobile phones, 1,929 packages of wireless headsets, 408 cords and cables, as well as 9 tablets, for which no primary documents were issued.

08.11.2025, 13:39
Economy

In Kainy, six land plots are put up for auction

In the city of Kainy, the city hall has initiated a competition for the lease of six land plots, which include both commercial and industrial areas, where administrative buildings, bases, and railway tracks are located. Each plot will be leased at a set starting price, which does not include annual taxes and contributions to the Social Fund.

08.11.2025, 13:06
Economy

The investment attraction program in Kyrgyzstan has been extended until the end of 2026.

The Cabinet of Ministers of Kyrgyzstan has made amendments to the program aimed at attracting investments, which is in effect from 2022 to 2026. In the updated document, it is specified that the program's budget is now secured in a separate annex. The timelines for the implementation of several activities have also been changed — the new deadline is set for December 31, 2026, instead of the previous December 31, 2024.

08.11.2025, 10:24
Economy

The cryptocurrency exchange where trading of the national stablecoin KGST will be launched has been revealed.

The first licensed cryptocurrency exchange in Kyrgyzstan, XRuby, is preparing to launch trading using the national stablecoin KGST. This was reported by the Secretariat of the National Agency for the Development of the Sphere of Virtual Assets and Blockchain Technologies under the President of the Kyrgyz Republic. According to their information, the cryptocurrency exchange will soon become the first in the country to present the national stablecoin KGST on its market.

07.11.2025, 23:35
Economy

As part of the land amnesty, data is being clarified on-site

In Bishkek, an active verification of information regarding land plots that fall under the conditions of land amnesty continues. Today, November 7, specialists are visiting residential areas such as "Ak-Ordo," "Leshkoz," "Uchkyn," "Ak-Zhar," and "Orto-Sai."

07.11.2025, 19:42
Economy

From Flour to Billions: What Small and Medium Businesses in the Country Live By

Over the past five years, small and medium-sized enterprises (SMEs) in Kyrgyzstan have significantly expanded their influence on the economy. According to data from the National Statistical Committee, by 2024, there were 25,500 small and medium-sized enterprises in the country, of which 96.5% were small. The largest number of SMEs is concentrated in trade: over 34% of enterprises are engaged in wholesale and retail trade and car repair, about 12% in industry, and more than 10% in construction.

07.11.2025, 18:18
Economy

Tesla will pay Elon Musk nearly a trillion dollars. But under several conditions.

At a recent shareholders' meeting held on November 6, 75% of participants agreed to a record compensation package for Elon Musk, which could reach nearly $1 trillion, according to Reuters. Under the agreement, Musk, already the richest person in the world, will need to significantly increase Tesla's market value and meet other performance targets over the coming years. If he successfully meets the conditions, he could earn hundreds of millions of new shares in the company.

07.11.2025, 18:17
Economy

In Jalal-Abad Region, an Entrepreneur is Building a Trout Caviar Production Workshop

Aidarbek Tabaldiev, a private entrepreneur from the rural municipality of A. Suerkulov, located in the Toktogul district of the Jalal-Abad region, presented a project for the construction of a trout caviar production workshop to the district development fund. This project received approval from the fund's supervisory board. For its implementation, the fund allocated 5 million soms, while the entrepreneur himself will invest 6 million soms. Thus, the total investment amounts to 11 million

07.11.2025, 15:56
The National Bank fined a payment organization and exchange offices
Economy / Exclusive

The National Bank fined a payment organization and exchange offices

The National Bank of Kyrgyzstan has announced the introduction of penalties against a number of financial organizations for violations of legislation and its own rules. In particular, one payment organization was fined 55,000 soms for failing to comply with the requirements of the legislation and the regulations of the NB KR.

07.11.2025, 15:55
Economy

The Federal Tax Service clarified the regulations on cashless payments: cash payments are not being canceled

The State Tax Service (STS) has denied rumors of a complete ban on cash transactions in retail, stating that such claims are not true. According to the STS, amendments to the Tax and Labor Codes, adopted on October 29, 2025, are aimed at improving the transparency of transactions, protecting consumer rights, and reducing the shadow sector. These changes do not abolish cash payments but introduce liability for violations related to cashless transactions.

07.11.2025, 14:32
Kazakhstan, Tajikistan, and Uzbekistan are purchasing three dozen Boeing aircraft
Economy

Kazakhstan, Tajikistan, and Uzbekistan are purchasing three dozen Boeing aircraft

At a meeting in Washington with the President of the United States, it was announced that Kazakhstan, Tajikistan, and Uzbekistan have signed contracts with Boeing for the delivery of thirty new airplanes. This step signifies a substantial strengthening of the American aircraft manufacturer's presence in Central Asia, as reported by the Business Aviation Portal. Photo by the Media

07.11.2025, 14:18
Kyrgyzstan has released its first national stablecoin pegged to the som
Economy

Kyrgyzstan has released its first national stablecoin pegged to the som

Kyrgyzstan has launched the first issuance of the KGST stablecoin, which has a fixed ratio of 1:1 to the national currency — the som. This information was announced by the secretariat of the National Council for the Development of Virtual Assets and Blockchain Technologies. Photo provided by the National Council for the Development of Virtual Assets and Blockchain Technologies The token has been implemented on the BNB Chain network, has undergone a smart contract audit, and an expert review of

07.11.2025, 14:18
Kazakhstan has tripled its import of Kyrgyz electricity - media
Economy

Kazakhstan has tripled its import of Kyrgyz electricity - media

Photo from the internet According to the Kazakh publication "Kursiv," Kazakhstan has significantly increased the volume of electricity imports from Kyrgyzstan. From January to August 2025, the republic purchased 299.4 million kilowatt-hours of electricity for a total of 4.3 million dollars. This figure exceeds last year's volumes by 3.1 times, and in terms of value, it has increased nearly tenfold, as indicated by customs data.

07.11.2025, 13:17