Kyrgyzstan News Online — Latest Events in Bishkek and the Regions | MTS.kg
Economy

The rise in electricity and utility tariffs continues to affect inflation, - National Bank

Internal factors, such as the increase in electricity tariffs and utility services, continue to influence the level of inflation in the country. This was stated by the Deputy Chairman of the National Bank, Azat Kozubekov, during a press conference. According to Kozubekov, inflation expectations among both households and enterprises and organizations remain stable and are within moderate limits. He also noted that the stable monetary policy implemented by the National Bank, as well as the

27.01.2026, 12:21
Banks of Kyrgyzstan Increased Their Loan Portfolio
Economy

Banks of Kyrgyzstan Increased Their Loan Portfolio

According to information presented at a press conference by the Deputy Head of the National Bank of the Kyrgyz Republic (NBKR) Azat Kozubekov, by the end of 2025, the total volume of the loan portfolio of the country's banks reached 506 billion soms. Kozubekov also emphasized that over the past year, the loan portfolio increased by 48.8%.

27.01.2026, 12:03
Economy

The number of workers is increasing in Kyrgyzstan. Why is this a challenge for the state?

In 2025, the International Monetary Fund (IMF) will publish an analysis of the labor market in Kyrgyzstan, which will address its problems and possible solutions. Kaktus.media contacted one of the authors of this document, Farid Talyshly, who spoke about key trends and vulnerabilities, as well as the steps that need to be taken to improve the labor market in the country.

27.01.2026, 11:57
The minimum charter capital of banks in Kyrgyzstan will be raised to 3 billion soms.
Economy

The minimum charter capital of banks in Kyrgyzstan will be raised to 3 billion soms.

The Board of the National Bank of the Kyrgyz Republic has decided on the minimum amounts of authorized and regulatory capital for commercial banks. This resolution was approved on December 29, 2025, under number 2025-П-17/71-2-(NPA). According to the new document, the minimum authorized capital for new commercial banks, including branches of foreign banks, is set at no less than 3 billion soms.

27.01.2026, 11:48
Economy

The Housing Committee approved the ratification of the Agreement between Kyrgyzstan and Italy on the promotion and protection of investments in the first reading.

- During the meeting of the Committee on Finance, Budget, Entrepreneurship, and Competition Development of the Jogorku Kenesh of the Kyrgyz Republic, the draft law "On the Ratification of the Agreement between the Kyrgyz Republic and the Italian Republic on the Promotion and Protection of Investments" was reviewed and approved. This document was signed on May 30, 2025, in Astana and has passed its first reading. The Chairman of the Cabinet of Ministers initiated this draft law.

27.01.2026, 11:22
The Development State Bank finances the construction of a hydropower plant in Naryn.
Economy

The Development State Bank finances the construction of a hydropower plant in Naryn.

On January 26, the Development Bank of the Kyrgyz Republic signed an agreement to finance the construction project of the "Kulanak" hydropower plant, located in the Naryn region. The hydropower plant will be situated in the village of Kulanak on the Naryn River and will be able to generate 435 million kWh per year, providing an installed capacity of 100 MW. This will help reduce the country's energy deficit by 11%.

27.01.2026, 11:21
Economy

Kazakhstan Launches Electronic Queue at Two Checkpoints on the Border with Kyrgyzstan

Kazakhstan is launching a new electronic queue system at two checkpoints on the border with Kyrgyzstan, as reported by the Committee of State Revenues of the Republic of Kazakhstan. The CarGoRuqsat system is expected to start functioning on January 30 at the "Kegen" checkpoint, and on February 16 at the "Kordai" checkpoint. This initiative aims to digitize processes at road border crossing points, which should facilitate faster border crossing and reduce administrative

27.01.2026, 11:21
Economy

The Housing Committee approved the ratification of the WTO agreement on fisheries subsidies

- During the meeting of the Committee of the Jogorku Kenesh on international affairs, defense, security, and migration, several bills were presented and approved: - "On the ratification of the Protocol amending the Marrakech Agreement concerning the World Trade Organization (Agreement on Fisheries Subsidies)," which was adopted at the 12th WTO Ministerial Conference on June 17, 2022, in Geneva — in the first reading.

27.01.2026, 11:10
Economy

The National Bank explained what influenced the rise in prices and inflation in Kyrgyzstan

On January 26, the Board of the National Bank of Kyrgyzstan decided to keep the key (policy) rate at 11%. This decision takes effect on January 27, as reported by the financial regulator. Economic SituationAccording to the National Bank, the country's economy is demonstrating high growth rates: forecasts suggest that real GDP will grow by 11.1% by the end of 2025. The main sectors contributing to this growth are construction and services. Investments in fixed capital remain at a high level

27.01.2026, 10:56
Economy

The Ministry of Agriculture is conducting an inventory of wells across the country

- Deputy Chyngyz Ajibaev held a meeting with Abdybay Jaiylobaev, the Deputy Director of the Water Resources Service under the Ministry of Water Resources, Agriculture, and Processing Industry. The press service of the Jogorku Kenesh reports that the meeting discussed pressing issues related to the state of the country's water resources, as well as the prospects for the development of the irrigation sector and the implementation of both short-term and long-term projects. During the

27.01.2026, 10:55
Economy

Kyrgyzstan and China Discussed Cooperation Issues in the Field of Peony Cultivation and the Agro-Industrial Complex

- On January 26, 2026, a meeting was held at the Ministry of Water Resources, Agriculture, and Processing Industry, attended by Deputy Minister Bekten Bekbolotov. Representatives from the Heze Peony Development Service Center from China were present at the event. The Heze Peony Development Service Center (菏泽市牡丹发展服务中心) is a leading center specializing in the development of the peony industry in the Chinese city of Heze, which is considered a world leader in the cultivation and processing of

27.01.2026, 10:53
Economy

Annual inflation in Kyrgyzstan in 2025 was 9.4%, price dynamics remained unchanged at the beginning of 2026, - National Bank

- As of the end of December 2025, inflation in Kyrgyzstan stood at 9.4%. Since the beginning of the current year, the situation with prices has remained unchanged. This was stated by the Deputy Chairman of the National Bank, Azat Kozubekov, during a press conference. He noted that in the first 16 days of January, the consumer price index increased by 0.6%.

27.01.2026, 10:47
Entrepreneurs of Kyrgyzstan Demand the National Bank to Stop Financial Dictatorship
Economy

Entrepreneurs of Kyrgyzstan Demand the National Bank to Stop Financial Dictatorship

A group of entrepreneurs from Kyrgyzstan, consisting of clients from various commercial banks, has reached out to the editorial office of VB.KG for assistance in combating financial pressure from banks. They have prepared a joint statement to the leadership of the National Bank of the Kyrgyz Republic, insisting on a radical review of tariffs, including the complete elimination or significant reduction of fees for transfers to settlement accounts.

27.01.2026, 10:42
Economy

In the first 11 months of 2025, potato exports to Uzbekistan decreased by 2.2 times

- In the 11 months of 2025, the volume of potato exports from Kyrgyzstan to Uzbekistan decreased by 2.2 times, according to information from the National Statistical Committee. According to the agency's data, from January to November, the republic sent 26 thousand tons of potatoes to Uzbekistan, which corresponds to a value of 2.4 million dollars. This is a significant decrease compared to the same period in 2024, when exports amounted to 57 thousand tons worth 5.9 million dollars.

27.01.2026, 10:38
Exchange rates in commercial banks of Kyrgyzstan as of January 27
Economy

Exchange rates in commercial banks of Kyrgyzstan as of January 27

Information is provided based on data collected from the websites of various commercial banks. For clarification on any questions regarding the provided information, it is recommended to contact the banks directly. Data is current as of the time of publication. The indicated rates are intended for cash currency exchange. During the working day, rates may vary, so please check the information.

27.01.2026, 10:31
Economy

The trade turnover between Kyrgyzstan and Azerbaijan reached $10 million

At the meeting of the parliamentary committee on international affairs held in 2025, the Extraordinary and Plenipotentiary Ambassador of Kyrgyzstan, Maksat Mamytkanov, reported that the trade turnover between Kyrgyzstan and Azerbaijan reached $10 million. During the meeting, the deputies discussed the report on the work done in the previous year and emphasized the importance of protecting the rights of Kyrgyz citizens in Azerbaijan and Georgia. They also expressed the need to expand political,

27.01.2026, 10:20
The National Bank of Kyrgyzstan has maintained the key rate at 11%
Economy

The National Bank of Kyrgyzstan has maintained the key rate at 11%

On January 26, 2026, the Board of the National Bank of Kyrgyzstan decided to maintain the interest rate at 11.00%. This decision will take effect on January 27, 2026. This was announced by the Deputy Chairman of the National Bank, Azat Kozubekov, at a press conference in Bishkek. The economy of Kyrgyzstan is demonstrating steady growth: by the end of 2025, real GDP increased by 11.1%. The leading sectors contributing to this growth were construction and services. Investment activity in the

27.01.2026, 10:04
Economy

The Social Fund's Budget Will Stabilize by 2028 — Forecast

- According to the medium-term forecast for 2027–2028, the budget of the Social Fund shows signs of stabilization: with an increase in revenues and expenditures, their share in the gross domestic product (GDP) will gradually decrease, while the deficit level will decline to minimal figures. These conclusions are based on the information presented in the appendix to the law on the budget of the Social Fund.

27.01.2026, 09:54
Korea to Help Kyrgyzstan Modernize Irrigation and Build "Smart Villages"
Economy

Korea to Help Kyrgyzstan Modernize Irrigation and Build "Smart Villages"

A memorandum of understanding was signed at the Ministry of Water Resources, Agriculture, and Processing Industry of Kyrgyzstan with the Korean Rural Community Development Corporation (KRC). This agreement aims to attract Korean technologies and investments into the country's agricultural sector, as reported by the ministry's press service.

27.01.2026, 09:53
Economy

The GNS Warned About Penalties for Fake Invoices

According to information from the press service of the State Tax Service, cases of issuing electronic invoices without actual business transactions have been discovered. In the message from the STS, it is noted: "These violations are identified through analysis using a risk-oriented approach and modern digital technologies. Unscrupulous taxpayers intentionally distort accounting data by issuing fictitious electronic invoices to create non-existent expenses and unlawfully reduce tax

27.01.2026, 09:50
Economy

"Price Layout" or the Geography of Real Estate in Kyrgyzstan That Will Determine Your Strategy in the Housing Market

- By mid-2025, real estate in the country will be divided into two main directions: The first direction covers the Chuy Valley and resort areas of Issyk-Kul, where demand for housing is stimulated by a significant internal migration flow, a construction boom, and an increase in mortgage offerings. The second direction includes mountainous and remote areas (parts of Naryn, Jalal-Abad, and Osh regions), where purchasing power is limited, and offerings are often unique. According to data from the

27.01.2026, 09:27
The World Bank confirmed support for energy projects in Kyrgyzstan
Economy

The World Bank confirmed support for energy projects in Kyrgyzstan

On January 26, a meeting took place in Bishkek, where the Minister of Energy, Talaybek Ibraev, discussed important aspects of energy projects with the World Bank's Regional Director for Central Asia, Najy Benhassin. According to the ministry's information, the discussion covered both the current state and future prospects of joint initiatives in the energy sector.

27.01.2026, 09:10
In Uzbekistan, mahallas will become owners of solar power plants
Economy

In Uzbekistan, mahallas will become owners of solar power plants

At a meeting on January 23, the president emphasized the need to implement a "social contract" system in "challenging" mahallas. Under this initiative, state support for infrastructure will depend on the activity of local residents. One of the key measures will be the implementation of the "solar reform": around 903 of the most vulnerable mahallas will receive small solar power plants with a capacity of 300 kW from the state free of charge. It is expected that

27.01.2026, 08:56
The Kyrgyz Cabinet found 37 million euros to save the BCH from drying up
Economy

The Kyrgyz Cabinet found 37 million euros to save the BCH from drying up

Kyrgyzstan is preparing to implement a significant strategic project aimed at addressing the shortage of irrigation water. Bakyt Torobaev, Deputy Chairman of the Cabinet of Ministers and Minister of Water Resources, announced the completion of negotiations with the European Bank for Reconstruction and Development (EBRD) regarding the modernization of the Large Chui Canal (BChK).

27.01.2026, 08:41
Economy

Dastan Uraanov appointed Deputy Director of the Department of Urban Development and Architecture

- Dastan Talantbekovich Uraanov has been appointed to this position, and he will work in the Department of Urban Development and Architecture of the Ministry of Construction, Architecture, and Housing and Communal Services of the Kyrgyz Republic. The Minister of Construction and Architecture Nurdana Oruntaev signed the corresponding order. This position was previously held by Daniyar Bapyshov, who is now the director of the department.

27.01.2026, 08:30
Economy

Kyrgyzstan Remains a Leader in the EAEU in Retail Trade Growth

According to the latest reports, from January to November 2025, retail trade within the EAEU increased by 3.3% compared to the same period last year. This data was provided by the Eurasian Economic Commission. The most significant growth was recorded in Kyrgyzstan, where it amounted to 22.6%. In Kazakhstan, retail trade grew by 7.3%, in Belarus by 7.1%, in Armenia by 6.3%, and in Russia by 2.5%.

27.01.2026, 07:56
Economy

Minimum Wage, Average Salary, and Reality: Are They Connected?

The National Statistical Committee has published data on the minimum subsistence level and average salary in Bishkek, which has raised eyebrows among citizens. People joke that the stated minimum subsistence level of 9,700 soms is a maximum for a week, but certainly not for a month. And the average salary, exceeding 50,000 soms, raises questions: who actually earns such money? The magazine Kaktus.media decided to investigate how realistically one can live on the stated minimum subsistence level

26.01.2026, 20:14
Korean Water Resource Management Technologies to be Implemented in Kyrgyzstan
Economy

Korean Water Resource Management Technologies to be Implemented in Kyrgyzstan

The signing ceremony of the memorandum of understanding between the Ministry of Water Resources, Agriculture and Processing Industry of the Kyrgyz Republic and the Korean Rural Community Corporation (KRC) took place in Bishkek. According to the Ministry of Agriculture, this agreement is aimed at implementing modern Korean technologies in the field of water and land resource management, as well as modernizing irrigation systems, developing rural infrastructure, and realizing the concept of

26.01.2026, 20:07
The price of platinum exceeded $2,900
Economy

The price of platinum exceeded $2,900

On the New York Mercantile Exchange (NYMEX), the price of platinum futures set a historical record, surpassing the $2,900 mark, according to trading data. As of 13:44 Moscow time, the price of the April 2026 platinum futures rose by 5.92%, reaching $2,903.5 per troy ounce. At the same time, the March 2026 palladium futures increased by 6.38%, amounting to $2,157.1 per troy ounce.

26.01.2026, 19:26
Economy

Import of frozen fish to Kyrgyzstan increased by 33% in the first 11 months of 2025

- In the first 11 months of 2025, the import of frozen fish in Kyrgyzstan increased by 33%, reports the National Statistical Committee. From January to November 2025, Kyrgyzstan imported 5,500 tons of frozen fish, costing $10 million. Compared to the same period in 2024, when 3,000 tons were supplied for $4.4 million, there is a significant increase in supply volumes.

26.01.2026, 19:12
Kyrgyzstan and the World Bank will continue the implementation of joint development programs
Economy

Kyrgyzstan and the World Bank will continue the implementation of joint development programs

The Minister of Economy and Commerce of Kyrgyzstan, Bakyt Sydykov, held a meeting with Najy Benhassine, the regional director of the World Bank for Central Asia. During the discussion, the parties reportedly reviewed issues of cooperation between Kyrgyzstan and the World Bank. During the meeting, the minister shared information about the current state of the country's economy, noting that there has been stable growth in recent years due to a comprehensive approach to the development of

26.01.2026, 19:00
In Kyrgyzstan, plans are underway to create a unified digital tourism platform
Economy

In Kyrgyzstan, plans are underway to create a unified digital tourism platform

The goal of the project is to improve services for travelers and optimize the tourism industry At a hardware meeting chaired by Prime Minister Adylbek Kasymaliev with representatives of government agencies, the initiative to create a unified "Digital Tourist Platform" was discussed. This was reported by the government press service. The main task of the platform is to integrate government services, business services, and financial instruments in one place, which will allow tourists

26.01.2026, 18:56
Economy

In the first 11 months of 2025, Kyrgyzstan increased butter exports by 6%

- In the 11 months of 2025, the republic increased its butter exports by 6%. This is confirmed by data from the National Statistical Committee report. According to the agency's information, from January to November 2025, 2,200 tons of butter were exported, amounting to $13.6 million. Compared to the same period in 2024, the volume of supplies in physical terms increased by 6%. In 2024, exports amounted to 2,000 tons worth $10 million.

26.01.2026, 18:34
Economy

Export of whey decreased by 32% in the 11 months of 2025

- According to data provided by the National Statistical Committee, the export of whey in Kyrgyzstan decreased by 32% from January to November 2025. During this period, 231 tons of whey were exported, generating revenue of $215 thousand. This is a significant decline compared to the same 11 months of 2024, when the export volume was 338 tons and the revenue from supplies reached $269 thousand.

26.01.2026, 18:16
Economy

Gas pipelines in multi-storey buildings in Kyrgyzstan will be routed through entrances, - "Gazprom" on new gasification rules

On January 23, last week, President Sadyr Japarov held a meeting with leading representatives of the construction industry. During the discussion, changes to the Land Code were considered, as well as issues related to the purchase of leased land plots. In addition, emphasis was placed on the gasification of apartment buildings in accordance with the new regulations proposed by Gazprom.

26.01.2026, 17:47