Economy

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

30.10.2025, 12:08

Economy

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.

30.10.2025, 12:04

Economy / Exclusive

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

30.10.2025, 11:58

Economy

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."

30.10.2025, 11:56

Economy

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.

30.10.2025, 11:53

Economy

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.

30.10.2025, 11:27

Economy

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.

30.10.2025, 11:22

Economy

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.

30.10.2025, 11:20

Economy

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.

30.10.2025, 11:18

Economy

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.

30.10.2025, 10:41

Economy / Exclusive

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.

30.10.2025, 10:20

Economy

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

30.10.2025, 10:14

Economy

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.

30.10.2025, 10:13

Economy

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:

30.10.2025, 10:09

Economy

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:

30.10.2025, 10:05

Economy / Exclusive

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)

30.10.2025, 08:49

Economy

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

30.10.2025, 08:23

Economy

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.

29.10.2025, 18:26

Economy

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.

29.10.2025, 18:23

Economy

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.

29.10.2025, 17:47

Economy / Exclusive

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.

29.10.2025, 17:26

Economy

Pay and Enter: The KR Cabinet Proposed a New Tax for Tourists

Will tourists continue to visit Kyrgyzstan? The Government of the Republic of Kyrgyzstan has proposed to introduce a new tax for tourists. This decision is justified by the significant number of visitors and the need to finance the development of tourist infrastructure.

29.10.2025, 17:25

Economy

In Kyrgyzstan, the extraction of mineral resources continues to grow

According to the latest data from the National Statistical Committee, from January to September of this year, the volume of industrial production in Kyrgyzstan amounted to 511.4 billion soms in value terms. In the first half of the year, growth was also observed in other sectors: the volumes of electricity, gas, steam, and air conditioning supplies increased by 33.4%, while water supply, waste treatment and processing, as well as the collection of secondary raw materials grew by 23.5%. The

29.10.2025, 17:06

Economy

The National Bank raised the discount rate to 10 percent: what is behind this decision

Photo 24.kg The press conference held in the new building of the National Bank of Kyrgyzstan served as a platform where representatives of the main financial regulator explained why the decision was made to raise the discount rate to 10 percent and presented their economic forecasts for the coming months. Deputy Chairman of the National Bank Azat Kozubekov emphasized that this decision was driven by external economic factors contributing to increased inflationary pressure in the domestic

29.10.2025, 16:47

Economy / Exclusive

Kyrgyzstan Plans to Export Meat Products to Tajikistan

The "Kyrgyz Export" Center recently held a meeting with representatives of the Tajik Agency for Export in the Sughd region and the branch of the state unitary enterprise "Tajpromexport." The main goal of this meeting was to discuss issues related to mutual trade and increasing the volume of exports of products from Kyrgyzstan to Tajikistan. During the negotiations, emphasis was placed on the supply of meat products, as well as light industry goods and agricultural products.

29.10.2025, 16:28

Economy

Chinese Companies to Build Solar Power Plant in Batken

The area of the power plant will exceed 669 hectares At the international forum in Suzhou, China, the Ministry of Energy of Kyrgyzstan signed several agreements with Chinese companies for the development of renewable energy and attracting investments in this sector. This was reported by the ministry's press service.

29.10.2025, 16:10

Economy / Exclusive

Kyrgyzstan Increases Tobacco Exports

As part of the implementation of the project "30+20+10", specialists from the Department of Chemicalization, Plant Protection, and Quarantine of the Ministry of Water Resources, Agriculture, and Processing Industry of Kyrgyzstan held a field meeting with local farmers. During the discussion, important aspects concerning the development of tobacco farming were raised, such as soil quality, selection of popular tobacco varieties, export opportunities, and the introduction of modern

29.10.2025, 16:04

Economy

In Kyrgyzstan, budget revenues from income tax are increasing

According to information provided by the Ministry of Finance, from January to September of the current year, revenues from personal income tax on resident individuals amounted to 25 billion 159.2 million soms (equivalent to $288.1 million). These revenues increased by 6 billion 586.4 million soms, or by 35.4% compared to the same period in 2024.

29.10.2025, 15:35

Economy

Where in Kyrgyzstan has gasoline risen in price the most since the beginning of the year (official data)

According to the monitoring data from the National Statistics Committee, from January 1 to October 28, the highest increase in the price of AI-95 gasoline was observed in Kerben and Toktogul, while AI-92 became more expensive in Bishkek, Batken, Tokmok, and Toktogul. Diesel fuel rose the most in Manas and the village of Semetey, located in the Manas district. Thus, a liter of AI-92 gasoline in Toktogul costs 75.6 soms, which is 18.7% higher than before. In Bishkek, the price is 76 soms

29.10.2025, 14:53

Economy

The State Financial Supervision has revoked "Data Group's" license as a virtual asset exchange operator.

The reason was a violation of legislation and non-compliance with the directive The company "Data Group" no longer has a license to conduct virtual asset exchange, according to the decision of the Financial Market Regulation and Supervision Service.

29.10.2025, 14:47

Economy

In Aravan, the introduction of drip irrigation has doubled cotton harvests

In the Aravan district of the Osh region, there has been a significant increase in cotton yields achieved through drip irrigation. This has been made possible by the implementation of the "3+2+1" project initiated by the Ministry of Water Resources, Agriculture, and Processing Industry.

29.10.2025, 14:36

Economy / Exclusive

In the Kyrgyz Republic, the construction of a factory for the production of drugs against echinococcosis was discussed

In the Kyrgyz Republic, discussions were held regarding the establishment of a factory that will specialize in the production of medications against echinococcosis and other parasitic diseases. This information was announced by the Ministry of Water Resources, Agriculture, and Processing Industry of the country. The main goal of this initiative is to reduce dependence on imported medicines. The discussion was initiated during the visit of Bakyt Torobaev, the Deputy Prime Minister and Minister

29.10.2025, 14:31

Economy / Exclusive

Preferential financing for seed producers and nurseries reached 2.85 million soms

As part of the project "Development of Seed Production and Nurseries" in Kyrgyzstan, preferential loans totaling 2.85 million soms have been allocated. According to information from the Ministry of Finance, the Cabinet of Ministers' order No. 416-r dated May 26, 2025, approved this project, which aims for the sustainable development of seed production, as well as crop rotation and the renewal of agricultural crop varieties.

29.10.2025, 13:32

Economy / Exclusive

In "Yandex," they talked about the safety and development of urban micromobility

A meeting took place in Bishkek between Tilek Suimanov, head of Yandex Kyrgyzstan, and representatives of the media, where he discussed user safety issues and the company's collaboration with city authorities to improve the transportation environment.

29.10.2025, 13:16

Economy

Agreement with China: A 250 Megawatt Solar Power Plant Will Be Built in Kyrgyzstan

At the international forum taking place in Suzhou, the Ministry of Energy of the Kyrgyz Republic signed an investment agreement with Chinese companies for the construction of a solar power plant with a capacity of 250 megawatts. This information was announced by the press service of the Ministry of Energy. The document was signed by the Minister of Energy of the Kyrgyz Republic, Taalaibek Ibraev, the president of States Technology Co., Limited, Liu Fernando Oscar, and the general director of

29.10.2025, 13:02

Economy

Chinese companies will build a solar power plant in Kyrgyzstan

At the international forum taking place in Suzhou, China, the Ministry of Energy of Kyrgyzstan signed several agreements with Chinese companies for the development of renewable energy and attracting investments. This was reported in a press release from the Ministry of Energy. Photo from the press service of the Ministry of Energy of the Kyrgyz Republic. Photo from the press service of the Ministry of Energy of the Kyrgyz Republic. Photo from the press service of the Ministry of Energy of the

29.10.2025, 12:58

Economy / Exclusive

Kyrgyzstan's International Reserves Exceeded 7.5 Billion Dollars

As of October 1, 2025, Kyrgyzstan's international reserves reached over 7.5 billion US dollars, which is an increase of 48.5% compared to the end of September of the same year. The Deputy Chairman of the National Bank, Azat Kozubekov, shared this information at a press conference in Bishkek. He noted that the increase in reserves serves as an important indicator of the stability of the financial system and the economy of the country.

29.10.2025, 12:53

Economy

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

In 2026, Kyrgyzstan plans to obtain a quota for the duty-free import of 15,000 electric vehicles. This initiative has been presented for public discussion on the platform of the Eurasian Economic Commission, which is a supranational body for the EAEU countries.

29.10.2025, 12:23

Economy / Exclusive

Rising Fuel Prices Intensified Inflationary Pressure – National Bank

Since the beginning of 2025, there has been a significant increase in the prices of fuel and lubricants in Kyrgyzstan. The Deputy Chairman of the National Bank, Azat Kozubekov, shared this information at a press conference held in Bishkek. According to Kozubekov, since the beginning of the year, gasoline prices have risen by 12.6%, while diesel fuel has become 8.4% more expensive.

29.10.2025, 12:21

Economy

Expanded list of NGOs required to submit consolidated information to the Tax Service

The State Tax Service of the Kyrgyz Republic has announced a significant expansion of the list of non-profit organizations that are now required to submit consolidated reports on their income and expenses to the tax authorities. This was reported by the press service of the STS. According to the recently adopted law "On Amendments to Certain Legislative Acts of the Kyrgyz Republic Regarding the Reporting of Certain Non-Profit Organizations," political parties, trade unions, religious

29.10.2025, 12:18

Economy

Apple became the third company in history with a market capitalization of $4 trillion

Apple has become the third company in world history to reach a market capitalization of $4 trillion. This is evidenced by data from the Nasdaq exchange.

29.10.2025, 12:09

Economy

The State Financial Supervision revoked the virtual asset operator license from "Data Group"

The State Financial Supervision Service (Gosfinadzor) has decided to revoke the license of the company "Data Group," which operates as a virtual assets operator. The main reason for this step was the failure to comply with regulations and violations of the laws governing the circulation of virtual assets, as stated in the official press release of the agency. During the conducted inspection, it was revealed that the specialized platform provided by the company is not operational,

29.10.2025, 12:08

Economy

Sadyr Japarov suggested to the head of the National Bank how to earn more from gold.

On October 28, President Sadyr Japarov attended the opening of the new building of the National Bank in Bishkek. During a tour of the facility, he asked the Chairman of the National Bank, Melis Turgunbaev, about the sale of gold bars and the current state of affairs.

29.10.2025, 12:04

Economy

More than 11,800 entrepreneurs in the Kyrgyz Republic received interest-free loans

As part of the initiative "Emergency Support for Micro, Small, and Medium Enterprises," interest-free loans totaling 9 billion 435 million 925 thousand soms have been issued. This was reported on "Birinchi Radio" by Bermet Musakozhoeva, the director of the credit line management department of the Ministry of Finance of Kyrgyzstan. As of October 1, 2025, since the start of the project, financial support has been provided to 11,821 entrepreneurs.

29.10.2025, 12:04

Economy

Kazakhstan Can No Longer Import Electric Vehicles Duty-Free

Kazakhstan has completed the use of the quota for duty-free import of electric vehicles established by the Eurasian Economic Union (EAEU). This has resulted in many cars being stuck at the border, with owners unable to retrieve their vehicles. This situation raises doubts about the sustainable development of the electric vehicle market in the country and undermines the course towards a "green" economy, reports Arbat Media.

29.10.2025, 12:03

Economy

Banks in Kyrgyzstan will be required to justify the pricing of their services

The National Bank of Kyrgyzstan has proposed amendments to a number of legislative acts related to pricing and antimonopoly control. The draft document is currently available for public discussion. The main objective of these changes is to create a competitive, transparent, and innovative environment in the banking and payment services sector in the country.

29.10.2025, 12:00

Economy

An International Exhibition of Logistics and Transport is Taking Place in Bishkek

The second international exhibition dedicated to logistics, transport, and warehouse equipment, called KyrgyzTransLogistic 2025, has kicked off in Bishkek. This year, the event has gathered over 45 participants from six countries: Kyrgyzstan, Kazakhstan, China, Russia, Uzbekistan, and the Republic of Korea.

29.10.2025, 11:45

Economy

Agreement with China: A 250 MW Solar Power Plant Will Be Built in Kyrgyzstan

During the international forum held in Suzhou, an investment agreement was signed between the Ministry of Energy of the Kyrgyz Republic and Chinese companies regarding the construction of a solar power plant with a capacity of 250 MW. This information was provided by the press service of the Ministry of Energy. The document was signed by the Minister of Energy of the Kyrgyz Republic, Talaybek Ibraev, the president of States Technology Co., Limited, Liu Fernando Oscar, and the general director

29.10.2025, 11:44