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Economy

Kyrgyzstanis Mostly Work Informally. What Reforms Could Change the Situation?

In 2025, the International Monetary Fund presented an analytical report on the state of the labor market in Kyrgyzstan, its problems, and possible solutions. Kaktus.media spoke with Farid Talyshly, one of the authors of this report. He revealed key trends, identified vulnerabilities, and offered recommendations for increasing the flexibility and convenience of the labor market for both employers and employees.

23.01.2026, 19:50
The trading volume of the Kyrgyz Stock Exchange soared to 220 billion soms
Economy

The trading volume of the Kyrgyz Stock Exchange soared to 220 billion soms

On January 23, 2026, the Kyrgyz Stock Exchange (KSE) held a press conference where the results of its activities for the past year, which was record-breaking for the exchange, were announced. The total trading volume in 2025 amounted to 219.7 billion soms, which is almost twice the figures of 2024. The exchange index increased by 54.76%, and the market capitalization reached 219.6 billion soms.

23.01.2026, 19:50
Economy

World Bank: Over 2 Years, 10% of Budget Funds Saved in Kyrgyzstan Due to Public Procurement

Felipe Goya, the World Bank's regional procurement manager for Europe and Central Asia, noted that the electronic government procurement system in Kyrgyzstan brings together over 3,700 public buyers and more than 40,000 suppliers. The implementation of a centralized procurement mechanism also contributes to the formation of an effective system. According to available data, competitive procurement is expected to yield savings of around 10% in 2024 and 2025. Centralized procurement,

23.01.2026, 19:48
Economy

Bakyt Torobaev instructed to check the finances of "Electric Stations"

During a meeting of the Ministry of Energy's board, Bakyt Torobaev, who holds the position of Deputy Chairman of the Cabinet of Ministers, expressed concern about the lack of profit at JSC "Electric Stations" for the past year. He believes this is due to the transfer of the Bishkek CHPP under the management of the city administration. The General Director of the company, Alpbek Sadyrov, reported that in the first half of 2025, "Electric Stations" demonstrated a profit;

23.01.2026, 19:14
Economy

The Prosecutor's Office returned land worth 112 million soms to the state in the Issyk-Kul region

- As a result of an inspection conducted by the prosecutor's office of the Ton district in the Issyk-Kul region, it was established that in 2007 and 2008, agricultural land with a total area of 196.83 hectares was unlawfully transferred into private ownership by the rural ayil okmotu of Ulahol, Ak-Terek, B. Mambetov, and the former Ton district (now Kün-Chygh). This information was disclosed by the press service of the General Prosecutor's Office.

23.01.2026, 18:53
In Kyrgyzstan, the tax on banking transactions has been reduced
Economy

In Kyrgyzstan, the tax on banking transactions has been reduced

The tax rate on transfers through foreign banks is now 0.1 percent, down from 0.2 percent. The State Tax Service of Kyrgyzstan has announced a reduction in the tax on transactions conducted through banks in other countries. The rate has been lowered from 0.2 percent to 0.1 percent.

23.01.2026, 18:18
Economy

Which countries did not meet the electricity import plan to Kyrgyzstan

By the end of 2025, Kyrgyzstan imported 3.885 billion kilowatt-hours of electricity, which corresponds to the plan's execution at the level of 89-90%. However, the shortfall amounted to 499 million kilowatt-hours, which was announced at a meeting of the Ministry of Energy's board. Ilgiz Sydygaliev, the General Director of OJSC "NESC," reported on the shortfalls by country:

23.01.2026, 18:06
"Kyrgyzkomur" extracted over 1.3 million tons of coal in 2025
Economy

"Kyrgyzkomur" extracted over 1.3 million tons of coal in 2025

Photo by the Ministry of Energy. Coal mining at Kara-Keche Last year, the State Enterprise "Kyrgyzkomur" successfully increased its production volumes, reaching a total of 1 million 373.8 thousand tons of coal. This information was presented by representatives of the Ministry of Energy at a recent meeting. Currently, active coal mining operations are being conducted at nine licensed sites. In 2025, the following deposits were officially opened:

23.01.2026, 17:46
"Citizens of Kyrgyzstan Hold 200-300 Billion Soms. This is Bad"
Economy

"Citizens of Kyrgyzstan Hold 200-300 Billion Soms. This is Bad"

The head of the country's financial oversight expressed an opinion on the current state of cash Currently, there are between 200 and 300 billion soms held by the population in Kyrgyzstan, which raises serious concerns in light of the ongoing inflationary processes. This information was shared by Marat Pirnazarov, chairman of the Financial Market Regulation and Supervision Service, at a meeting at the Kyrgyz Stock Exchange.

23.01.2026, 17:42
Economy

A meeting on the implementation of the halal industry law was held at the Ministry of Economy

- On January 21, a meeting was held at the Ministry of Economy and Commerce with representatives of the Technical Regulation and Metrology Department and the State Institution "Center for the Development of the Halal Industry". During the meeting, participants discussed key aspects of the Law "On the Halal Industry in the Kyrgyz Republic," including licensing issues and the procedure for declaring compliance of products with the requirements of the technical regulations of

23.01.2026, 17:42
The annual electricity deficit in Kyrgyzstan reached 3.9 billion kilowatt-hours
Economy

The annual electricity deficit in Kyrgyzstan reached 3.9 billion kilowatt-hours

Photo by the Ministry of Energy. Uch-Kurgan Hydroelectric Power Station At a recent meeting of the Ministry of Energy, it was revealed that the annual electricity deficit in Kyrgyzstan has reached 3.9 billion kilowatt-hours. In 2025, the republic consumed 19.3 billion kilowatt-hours, while its own production amounted to only 15.4 billion.

23.01.2026, 17:11
Kambaratin Hydroelectric Power Station-1: Nine Donors Ready to Invest $2.5 Billion in the Project
Economy

Kambaratin Hydroelectric Power Station-1: Nine Donors Ready to Invest $2.5 Billion in the Project

Photo by the Ministry of Energy. Construction site of Kambarata HPP-1. Archive image The project for the construction of Kambarata HPP-1, with a capacity of 1860 megawatts, has entered an active phase of implementation. This strategically important facility for Central Asia has shown significant progress in engineering aspects and attracting investments by 2025, according to the Ministry of Energy. Funding and Expertise Last year, a competitive procedure was conducted to update the feasibility

23.01.2026, 17:00
The Ministry of Energy received about 40 units of special equipment worth 145.8 million soms.
Economy

The Ministry of Energy received about 40 units of special equipment worth 145.8 million soms.

This vehicle fleet will be used for the maintenance and modernization of the country's energy networks. The keys to 37 units of special equipment intended for the energy sector were handed over to the Ministry of Energy by the Chairman of the Cabinet of Ministers, Adylbek Kasymaliev. As part of the modernization of the technical base of the State Enterprise "Kyrgyzstan National Electric Network," 17 JAC–T8 vehicles for teams, 10 JAC–N56 vehicles, 8 SHANMON–388H backhoe loaders,

23.01.2026, 16:34
Economy

The trading volume on the primary market of the KFB in 2025 amounted to 206.1 billion soms

- In the primary market of the Kyrgyz Stock Exchange, the trading volume in 2025 amounted to 206.1 billion soms, with 1,155 transactions completed. This was reported by the acting general director of the KFB, Aida Chodulova, at a press conference on January 23. In the secondary market, the trading volume in 2025 reached 5.7 billion soms, corresponding to 1,101 transactions. For comparison, in 2024, this figure was at 4.4 billion soms with 789 transactions.

23.01.2026, 16:34
Why do prices in Kyrgyzstan rise every week? Response from the Ministry of Economy
Economy

Why do prices in Kyrgyzstan rise every week? Response from the Ministry of Economy

Everyone wants to earn a salary like in the Ministry of Construction The Ministry of Economy and Commerce commented on the reasons for the constant rise in prices in Kyrgyzstan. According to the agency's data, the consumer price index for the end of 2025 was 9.4%, while the average annual inflation was at 8.2%. In particular, meat products increased by 13.6%, fruits and vegetables by 19.1%, bread and cereals by 3.8%, dairy products, cheese, and eggs by 5.5%, and alcohol and tobacco by 8%.

23.01.2026, 16:32
Economy

The population holds a money supply of 200-300 billion soms.

Today, at a press conference at the Kyrgyz Stock Exchange, Marat Pirnazarov, the chairman of the Financial Market Regulation and Supervision Service, announced that the population holds a significant amount of money — between 200 to 300 billion soms. According to him, this sum raises concerns in the context of inflationary processes.

23.01.2026, 16:14
The IEC is developing specific measures for the development of the sewing industry
Economy

The IEC is developing specific measures for the development of the sewing industry

The Ministry of Economy and Commerce of the Kyrgyz Republic, together with the relevant agencies, is developing proposals for the textile industry for their subsequent implementation. This was reported by representatives of the Ministry of Economy and Commerce. Initiatives were undertaken at the request of President Sadyr Japarov, who held an extended meeting with participants in the textile sector at "Yntymak Ordo".

23.01.2026, 15:55
Economy

Kyrgyz Stock Exchange Demonstrated a Historic Record in 2025

During the final press conference, the Kyrgyz Stock Exchange (KSE) summarized its performance for the previous year. The year 2025 was significant for the exchange, as the total trading volume reached 219.7 billion soms, which is almost double that of 2024, when this figure was 109.7 billion soms. This year saw growth in all major segments:

23.01.2026, 15:42
Are real estate prices in the KR rising due to foreigners?
Economy

Are real estate prices in the KR rising due to foreigners?

Response from the State Agency for Land Resources Aman Kebekov, a specialist from the State Agency for Land Resources, stated in an interview with "Birinchi Radio" that the purchase of housing by foreigners does not have a significant impact on pricing in the real estate market of Kyrgyzstan.

23.01.2026, 15:25
The Ministry of Energy transferred a batch of special equipment worth almost 146 million soms.
Economy

The Ministry of Energy transferred a batch of special equipment worth almost 146 million soms.

Today, January 23, the keys to a new batch of special vehicles were handed over to the Ministry of Energy of the Kyrgyz Republic. This was reported by the government press service. Received vehicles: 17 JAC–T8 crew vehicles; eight SHANMON–388H backhoe loaders; two truck-mounted lifts based on KamAZ-43118 with a height of 45 meters; ten JAC–N56 crew vehicles. Photo from the KR government website. Photo from the KR government website. Photo from the KR government website. Photo from the KR

23.01.2026, 15:13
Economy

Canadian company Silvercorp Metals Inc. will acquire 70% of the license for gold mining projects from Chaarat Gold Holdings Ltd. for $162 million.

- The Canadian company Silvercorp Metals Inc. (TSX: SVM) has entered into an agreement to acquire a 70% stake in Chaarat Gold Holdings Limited, which manages the licenses for the gold projects "Tulkubash" and "Kyzylbash," as well as adjacent exploration areas totaling 27.42 sq. km, located in the Tian Shan region of Kyrgyzstan. Information about this has been posted on the company's website. The total amount of the deal is $162 million.

23.01.2026, 15:11
Economy

The purchase of real estate by foreigners does not affect prices in Kyrgyzstan

According to Aman Kebekov, the chief specialist of the State Agency for Land Resources, the purchase of real estate by foreigners does not have a significant impact on prices in Kyrgyzstan. This statement was made on the air of "Birinchi Radio." He noted that there is a perception in society that foreign participation in real estate transactions can lead to price increases. However, analysis results show that the share of such transactions accounts for less than 1 percent of the total

23.01.2026, 14:59
Economy

The specialist answered how the construction of GIK houses affected the real estate market.

According to Aman Kebekov, the chief specialist of the cadastral valuation sector of the State Agency for Land Resources, Cadastre, Geodesy, and Cartography, the construction of multi-story buildings by the GIK has contributed to slowing down the increase in apartment prices in the country. He shared this information on the air of "Birinchi Radio." He emphasized that although apartment prices continue to rise, the pace of this growth has significantly decreased compared to previous

23.01.2026, 14:55
Economy

The specialist urged not to expect a "fall in housing prices" in 2026.

Aman Kebekov, a specialist in cadastral valuation from the State Agency for Land Resources, Cadastre, Geodesy, and Cartography, noted in an interview on "Birinchi Radio" that making any predictions about prices in 2026 is currently premature. He also added that the price dynamics in the real estate market will be influenced by the rising costs of construction materials.

23.01.2026, 14:40
Economy

The Ministry of Economy has announced the reasons for the rise in food prices in Kyrgyzstan

According to the Ministry of Economy's report, the consumer price index in Kyrgyzstan at the end of 2025 was 9.4%, indicating an increase in inflation compared to December 2024. The average annual inflation rate for the entire year of 2025 was 8.2% compared to the same period of the previous year. Prices for bakery products and cereals increased by 3.8%, which was a result of rising wheat prices in Kazakhstan and increased logistics costs.

23.01.2026, 14:25
Economy

Why Bishkek Residents Received High Gas Bills and What Do New Meters Have to Do with It

In the first week of January, residents of Bishkek began actively reporting receiving high gas bills. This particularly affected owners of gas heating systems. The reason was system failures: in November, the meter readings were not recorded, and after the system was restored, subscribers received bills that shocked them. The price has increased, but consumption remained the same“Why is the gas price for December so high? The temperature was higher than in November, and the heating intensity

23.01.2026, 14:24
Economy

What measures have the Cabinet and the NBKR taken to curb inflation in 2025?

- In 2025, the government of Kyrgyzstan implemented a comprehensive set of measures to reduce inflationary pressure and stabilize prices, as noted by the Ministry of Economy and Commerce. An important step was the Action Plan of the Cabinet of Ministers aimed at limiting the price growth of essential food products throughout 2025, which was under constant monitoring.

23.01.2026, 14:12
Economy

The Audit Chamber identified violations in the budget expenditures of the Antimonopoly Service

- The Audit Chamber has completed its review of the budget execution of the Antimonopoly Regulation Service. Information about this has been posted on the official website of the institution. During the audit, it became known that, despite the existence of legislative norms aimed at strengthening the material and technical base, the funds from the Development and Material Support Fund were used ineffectively.

23.01.2026, 13:52
Economy

The Audit Chamber checked the Federal Antimonopoly Service and found financial violations (figures)

As a result of the audit conducted by the Accounts Chamber of the Kyrgyz Republic, which concerned the execution of the budget of the Antimonopoly Regulation Service under the Ministry of Economy and Commerce for the period from 2020 to 2024, serious financial violations were identified, as reported by the agency's press service. During the inspection, the following was revealed: Despite the existence of tasks in regulatory acts aimed at improving the material and technical base, the funds

23.01.2026, 13:13
Economy

The Audit Chamber identified budget violations in the Ministry of Finance amounting to 133.3 million soms for the year 2024

- During the audit covering the period from January 1 to December 31, 2024, the Audit Chamber discovered significant violations in the budget management of the Ministry of Finance and its subordinate organizations. This was reported by the department's press service. As a result of the inspection, it was established that the total amount of identified discrepancies amounted to 133.3 million soms. The Audit Chamber indicates that this reflects an insufficient level of budget planning, as

23.01.2026, 13:00
In Bishkek, a memorandum was signed for the "Western Bypass Road" project
Economy

In Bishkek, a memorandum was signed for the "Western Bypass Road" project

At the National Investment Agency, which is subordinate to the president, a memorandum of cooperation was signed regarding public-private partnership within the framework of the project "Construction and Operation of the Western Bypass Road of Bishkek." The agency's press service reported that this document aims to implement a significant infrastructure project that is expected to improve transportation logistics in the capital and relieve existing roads.

23.01.2026, 12:53
Economy

Kyrgyzstan and Russia Discussed Trade and Migration Agenda

On January 22, the first meeting of the deputy foreign ministers of the Central Asian countries and Russia took place in Moscow, with the participation of the Deputy Foreign Minister of the Kyrgyz Republic, Almaz Imangaziev. This meeting was initiated by Russia to discuss the plan for joint actions for 2025-2027, which was approved at the second "Central Asia - Russia" summit in Dushanbe on October 9, 2025. The participants of the negotiations also included deputies from federal

23.01.2026, 12:48
The Accounts Chamber identified violations in the execution of the Ministry of Finance's budget for 2024
Economy

The Accounts Chamber identified violations in the execution of the Ministry of Finance's budget for 2024

The Ministry of Finance, as well as its departments and related institutions, conducted an audit of the budget execution for 2024, carried out by the Accounts Chamber. The audit covered the period from January 1 to December 31, 2024. According to the agency's findings, numerous violations related to non-compliance with budget legislation were identified during the inspection, with a total amount of 133,321.8 thousand soms.

23.01.2026, 12:30
The GNS reminded about the reduction of the tax on transactions through foreign banks
Economy

The GNS reminded about the reduction of the tax on transactions through foreign banks

The State Tax Service reported a reduction in the tax rate on transactions conducted through foreign banks from 0.2% to 0.1%. This change was made to the Tax Code of the Kyrgyz Republic as part of the Law "On Amendments to Certain Legislative Acts of the Kyrgyz Republic in the Field of Taxation, Social Insurance, and Non-Tax Revenues," adopted on December 31, 2025.

23.01.2026, 12:24
Turkish Investments in Kyrgyzstan's Economy Doubled in 2025
Economy

Turkish Investments in Kyrgyzstan's Economy Doubled in 2025

Turkey has moved to third place among foreign investors, trailing only China and Russia. According to data from the National Statistical Committee published on January 22, the volume of Turkish investments in Kyrgyzstan increased by 95.5% from January to September 2025.

23.01.2026, 10:40
Economy

Export, Prices, and Salaries. What Happened to Kyrgyzstan's Economy in 2025?

According to preliminary results, the gross domestic product of Kyrgyzstan reached over 1.9 trillion soms in 2025, which corresponds to an 11.1% growth compared to the period from January to December 2024. In comparison, the GDP of Kyrgyzstan amounted to about 1.6 trillion soms in 2024, with an increase of 11.5% compared to the previous year.

23.01.2026, 10:34
Economy

By March 1, cryptocurrency exchanges must raise their minimum authorized capital to 10 billion soms.

- On December 31, 2025, the government adopted a resolution regarding the regulation of the virtual assets market. According to this document, existing companies providing virtual asset services (including cryptocurrency exchanges) must bring their minimum charter capital into compliance with the standards set by the Cabinet of Ministers' resolution No. 514 dated September 16, 2022 by March 1, 2026:

23.01.2026, 10:08