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Economy

Analysts explained the reasons for the budget surplus in Kyrgyzstan

In Kyrgyzstan, a record budget surplus has been observed, made possible by the growth of non-tax revenues. This is stated in the economic growth forecast presented by the Eurasian Fund for Stabilization and Development (EFSD) for 2026-2028. According to the EFSD, the transfer of profits from the National Bank of the Kyrgyz Republic amounting to 45.7 billion soms (which is 3.7% of GDP) in 2024 contributed to an increase in non-tax revenues to 10.8% of GDP from January to September 2025, while

20.01.2026, 14:23
Economy

Kyrgyzstan has increased self-sufficiency in basic products but remains dependent on imports for a number of items, - Academician of the National Academy of Sciences

Academician of the National Academy of Sciences of Kyrgyzstan, Doctor of Agricultural Sciences Jamins Akimaliev emphasized the importance of the agricultural sector as a foundation for the country’s economic growth during a radio broadcast. In his speech, he noted that President Sadyr Japarov's address last year highlighted the development of the agro-industrial complex, particularly in two key areas — the processing of agricultural products and organic farming. Akimaliev reported that

20.01.2026, 14:09
The National Investment Agency has defined key tasks for 2026
Economy

The National Investment Agency has defined key tasks for 2026

At a meeting at the National Investment Agency under the President of the Kyrgyz Republic, the results of the work for 2025 were summarized, and key tasks for 2026 were defined. The agency's leadership outlined priority areas where efficiency needs to be improved.

20.01.2026, 13:53
Economy

Academician of the National Academy of Sciences called for the development of organic farming for food security in Kyrgyzstan

- On the air, Doctor of Agricultural Sciences and Academician of the National Academy of Sciences of the Kyrgyz Republic, Dzhamin Akimaliev, emphasized the importance of developing organic agriculture and processing agricultural products to achieve food security in the country. According to Akimaliev, currently, a large portion of vegetables and fruits on the market is imported and differs in quality and taste from locally produced products that were available a few years ago. He noted that in

20.01.2026, 13:51
Commercial banks attracted 9.6 billion soms at the deposit auction
Economy

Commercial banks attracted 9.6 billion soms at the deposit auction

As a result of the auction held on January 19, 2026, commercial banks were able to attract 9.6 billion soms for the placement of funds from the mitigation account. According to information from the Kyrgyz Stock Exchange, the auction concerned deposits with a placement term of 12 months. The announced placement volume was 20 billion soms, while the total demand from banks reached 11 billion 950 million soms.

20.01.2026, 13:40
Electricity generation is increasing, but consumption is rising faster
Economy

Electricity generation is increasing, but consumption is rising faster

The Ministry of Energy offers the possibility of settlements with foreign investors in foreign currency to stimulate investments in the energy sector In Kyrgyzstan, there is an annual increase in electricity generation; however, the demand for it is growing at an even faster pace. This was stated by Deputy Minister of Energy Altynbek Rysbekov at a meeting of the committee of the Jogorku Kenesh, which deals with industrial policy, transport, and the fuel and energy complex.

20.01.2026, 12:55
Economy

The Housing Committee approved the draft law on improving legal norms in the halal industry in the first reading.

The Committee of the Jogorku Kenesh, dealing with issues of finance, budget, entrepreneurship, and competition development, has adopted the draft law "On Amendments to the Code of the Kyrgyz Republic on Offenses" in the first reading. The draft law was initiated by the Chairman of the Cabinet of Ministers, and its main provisions were presented by the Deputy Minister of Economy and Commerce, Sultan Akhmatov.

20.01.2026, 12:47
Economy / World

A new deputy chairman of the board has been appointed at "Keremet Bank"

As a result of the decision made by the Board of Directors of OJSC "Keremet Bank" on January 14, Zhenishbek Muratbekov has left his position as Deputy Chairman of the Management Board. This move was prompted by his election to the bank's board of directors, according to information from the Kyrgyz Stock Exchange. Muratbekov held the position of Deputy Chairman since April 1, 2025.

20.01.2026, 12:32
In 2025, approximately 1.5 million soms in fines imposed on pawnshops in Kyrgyzstan
Economy

In 2025, approximately 1.5 million soms in fines imposed on pawnshops in Kyrgyzstan

In Kyrgyzstan, approximately 1.5 million soms in fines were imposed on pawnshop institutions in 2025. This became known through the words of Suyorkul Ashimjan uulu, the chief specialist of the forecasting, control, and monitoring department of the financial market regulation and supervision service, during the "Elden Sobol" program organized by the "Kabar" agency. He noted that as a result of changes adopted on May 23, 2024, pawnshops were prohibited from sharing

20.01.2026, 12:18
Economy

The license for the production of halal products has been revoked from LLC "Rikha," - Deputy Minister of Economy Akhmatov

- On January 19, 2026, during a meeting of the Committee of the Jogorku Kenesh on finance, budget, entrepreneurship, and competitiveness, Deputy Ulan Primov asked what measures are being taken in case pork is found in halal products. In response, Deputy Minister of Economy and Commerce Sultan Akhmatov reported on an incident that occurred in Kyrgyzstan.

20.01.2026, 12:09
Why Are Merchants Afraid of QR Payments? - Interview with the Deputy Head of the State Tax Service
Economy

Why Are Merchants Afraid of QR Payments? - Interview with the Deputy Head of the State Tax Service

Recent discussions on social media and in the media have revealed that many sellers in markets prefer cash and avoid QR payments. The tax service explained that the main reason for this behavior is the fear of punishment for using QR codes registered to individuals in commercial activities. At the same time, tax officials do not have direct access to citizens' personal wallets, and control in this area mainly falls on banks.

20.01.2026, 12:00
Exchange rates in commercial banks of Kyrgyzstan as of January 20
Economy

Exchange rates in commercial banks of Kyrgyzstan as of January 20

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

20.01.2026, 11:46
87 Enterprises Will Be Relocated from Tashkent for the Sake of Ecology
Economy

87 Enterprises Will Be Relocated from Tashkent for the Sake of Ecology

In Uzbekistan, officials are launching an extensive program to improve the environmental situation in Tashkent. The National Committee for Ecology and Climate Change has approved a list of 87 industrial facilities that have been recognized as energy-intensive and posing an ecological threat. These enterprises will be gradually relocated outside the capital. The relocation process involves not only physical transfer but also a complete modernization of production capacities in accordance with

20.01.2026, 11:40
"Stores 'Eurasia' Can Become a Bridge Between the Village and the City"
Economy

"Stores 'Eurasia' Can Become a Bridge Between the Village and the City"

Currently, the price of potatoes in rural areas fluctuates between 20 and 30 soms. Although the product is available and there is demand for it, the connection between the farmer and the buyer remains extremely unstable. Former head of the ayil okmotu Akylbek Dononbaev believes that it is time for the government to take a more active role rather than staying on the sidelines. He is convinced that the primary task of a farmer is to cultivate the land, not to spend long hours at the market

20.01.2026, 11:33
By 2027, the authorized capital of pawnshops in Kyrgyzstan will be increased to 20 million soms
Economy

By 2027, the authorized capital of pawnshops in Kyrgyzstan will be increased to 20 million soms

By 2027, it is planned to increase the minimum authorized capital of pawnshops to 20 million soms. This was announced by Suyorkul Ashimjan uulu, the chief specialist of the forecasting, control, and monitoring department of the financial market regulation and supervision service, during a live broadcast of the program "Elden Sobol" by the Kabar agency. According to him, the capital increase will occur in stages. At the last stage, which was completed in 2022, the authorized capital

20.01.2026, 11:26
The Economy of Kyrgyzstan Grew by 11.1 Percent: Results of 2025
Economy

The Economy of Kyrgyzstan Grew by 11.1 Percent: Results of 2025

According to preliminary data, the gross domestic product (GDP) of Kyrgyzstan in 2025 amounted to 1 trillion 976.4 billion soms, which is 11.1 percent more than in 2024. In the first 11 months, growth was 10.2 percent. The main factors of growth were the sectors of commodity production, services, and net taxes on products.

20.01.2026, 11:03
Exchange Rates for January 20
Economy

Exchange Rates for January 20

As of January 20, the National Bank announced the official exchange rates of foreign currencies against the Kyrgyz som. According to the update: The exchange rate of the US dollar (USD) remains at 87.4500 soms;

20.01.2026, 10:14
Economy

In the Kara-Suu District, the contractor "Zeromax" was fined for improper storage of construction materials.

- In various parts of Kyrgyzstan, on January 19, raid activities were conducted at construction sites, as reported by the Ministry of Construction, Architecture, and Housing and Communal Services of the KR. Inspectors from the Osh Regional Department of the State Architectural and Construction Control carried out inspections of multi-story residential buildings in the Osh region.

20.01.2026, 10:10
The storage period for negative credit history in Kyrgyzstan will be reduced to three years
Economy

The storage period for negative credit history in Kyrgyzstan will be reduced to three years

In Kyrgyzstan, individuals who find themselves on the banks' "blacklist" will be able to resume receiving loans after three years. This bill was approved in the first reading by the Committee of the Jogorku Kenesh on Finance, Budget, Entrepreneurship, and Competition Development. The main goal of the document is to simplify citizens' access to loans and promote financial inclusion. In particular, it is proposed to reduce the retention period for negative credit information

20.01.2026, 10:09
Catfish has become cheaper against all major currencies except the dollar. Exchange rate as of January 20.
Economy

Catfish has become cheaper against all major currencies except the dollar. Exchange rate as of January 20.

Photo from the internet. Since December 2025, the Chinese yuan has shown stable growth against the som According to information from the National Bank of Kyrgyzstan and exchange points in Bishkek, the official exchange rates for currencies such as the dollar, euro, Russian ruble, Kazakh tenge, and Chinese yuan have increased. The dollar maintains its stability. US Dollar:

20.01.2026, 09:47
Economy

The construction company Business House KG was issued a warning to rectify violations at the site in Osh.

- The country is conducting raid activities at construction sites, reports the Ministry of Construction, Architecture, and Housing and Communal Services. Inspectors from the Osh Regional Department of State Architectural and Construction Control conducted an inspection of the construction of a 12-story residential building in the village of Datka, located in the Kara-Suu district.

20.01.2026, 09:32
The USA declared a "revolution" in nutrition, opening new opportunities for the KR
Economy

The USA declared a "revolution" in nutrition, opening new opportunities for the KR

In the United States, there has been a significant update to public health policy. On January 7, 2026, Health Secretary Robert F. Kennedy Jr. and Agriculture Secretary Brooke Rollins presented new Dietary Guidelines for Americans for 2025–2030, which effectively reject previous notions about the benefits of carbohydrates. The new strategy focuses on the quality of consumed nutrients, with high-quality animal proteins—such as meat, fish, and eggs—taking center stage, replacing the usual grains

20.01.2026, 09:19
Economy

How Have Prices for Residential Houses in Bishkek and Osh Changed in 2025?

In 2025, Bishkek saw an increase in the average price per square meter in residential buildings by 26.8%, while in Osh this figure rose by 37% compared to the previous year. These data were provided by the State Agency for Land Resources, Cadastre, Geodesy, and Cartography under the government (GASRKG). Specifically, in the Lenin District of Bishkek, the average price per square meter of housing was estimated at $1,867, in the Sverdlov District — $1,862 (with the highest increase of 37.1%), in

20.01.2026, 09:06
Economy

27 tons of onions from Uzbekistan turned back at the border

At the end of last week, an attempt to import 26 tons and 978 kg of onions from Uzbekistan was registered at the "Dostuk" checkpoint. This was reported by the press service of the Ministry of Water Management and Agriculture of the Kyrgyz Republic. According to the agency, the product was not allowed into the country due to the lack of the necessary phytosanitary certificate and labeling that meets established requirements.

20.01.2026, 08:42
The National Bank conducted its first currency intervention in 2026
Economy

The National Bank conducted its first currency intervention in 2026

On January 19, 2026, the National Bank carried out its first currency intervention, offering a total of 134 million 50 thousand US dollars in the domestic market. In 2025, the regulator conducted eight interventions, with a total amount exceeding 800 million dollars. It is important to note that there were no reverse interventions recorded last year.

20.01.2026, 08:37
Economy

Twenty-Third in Line. The National Bank Issued a License to "Alma Finance Bank"

The National Bank of the Kyrgyz Republic has issued a license to JSC "Alma Finance Bank," allowing the institution to conduct banking operations in both national and foreign currencies. This information was announced in the official decision of the NB KR. The obtained document grants the new player in the financial market the right to operate in accordance with the legislation of the republic.

20.01.2026, 08:25
Mandatory Navigation Seals for Alcohol and Tobacco Introduced in the EAEU
Economy

Mandatory Navigation Seals for Alcohol and Tobacco Introduced in the EAEU

Starting from February 11, 2026, a new system will come into effect in the EAEU, requiring mandatory tracking of the transportation of alcoholic and tobacco products using navigation seals. As part of the preparations for these changes, the State Tax Service of Kyrgyzstan held a meeting with business representatives to clarify the new requirements.

20.01.2026, 07:45
Economy

New Rules for Determining the Country of Origin of Pharmaceutical Products and Medical Devices for Government Procurement Come into Effect in the EAEU on January 22

- Starting from January 22, updated rules regarding the determination of the country of origin of pharmaceutical and medical goods for state procurement will come into effect, as announced on January 19 by representatives of the EEC. According to the new rules, which will take effect in the EAEU countries on January 22, the changes pertain to the procedure for determining the country of origin of certain goods for state procurement and will apply to relationships that arise from January 1, 2026.

20.01.2026, 07:43
Economy

Morning Currency Exchange Rates: How Much is the US Dollar?

- As of 08:30 on January 20, 2026, the exchange rate of the US dollar in the banking sector of Kyrgyzstan is 87.3-87.45 soms for buying and 87.8 soms for selling. The euro is currently trading at a price of 100.5-101.4 soms for buying and 101.5-102.4 soms for selling.

20.01.2026, 07:30
Economy

In the first 11 months of 2025, imports of frozen beef from India increased 11 times

- According to information provided by the National Statistical Committee, the import of frozen beef from India to Kyrgyzstan from January to November 2025 amounted to 767 tons, which is 11 times higher than the corresponding figure for the previous year. In 2024, only 66 tons were imported, totaling $139 thousand. The total value of frozen beef imports from India during the specified period reached $1.6 million.

19.01.2026, 21:03
Economy

In the first 11 months of 2025, cattle imports from Russia increased by 41%

- In the course of 11 months of 2025, the volume of cattle imports from Russia increased by 41%. This information is based on data published by the National Statistical Committee. According to the provided information, from January to November, Kyrgyzstan acquired 20,000 head of cattle for a total of 6 million dollars. This amount exceeds the figure for the same period in 2024 by 41%, when 14,200 head were imported for a total of 4 million dollars.

19.01.2026, 19:59
Economy

Inspection conducted at the livestock market in the Sokuluk district

In the livestock market of the Sokuluk district, verification activities are being conducted. According to information provided by the district administration, on January 17 and 18, 2026, raid activities took place at the municipal livestock market, which belongs to the municipal enterprise "Taza-ayyl" in the Sary-Ozyon rural district.

19.01.2026, 18:15
Economy

The GDP of Kyrgyzstan for the year 2025 amounted to nearly 2 trillion soms

According to preliminary data, the gross domestic product of Kyrgyzstan for the year 2025 amounted to 1 trillion 976.4 billion soms. This figure is 11.1 percent higher than in the same period of 2024, as reported by the National Statistical Committee. In the first 11 months of 2025, GDP growth accelerated to 10.2 percent.

19.01.2026, 17:32
Noticeable Growth of Kyrgyzstan's Economy — Bakyt Torobaev Discussed Reforms with the IMF
Economy

Noticeable Growth of Kyrgyzstan's Economy — Bakyt Torobaev Discussed Reforms with the IMF

Photo of the Cabinet of Ministers of the Kyrgyz Republic. Bakyt Torobaev (left) and Farid Talyshev Deputy Prime Minister and Minister of Water Resources, Agriculture, and Processing Industry Bakyt Torobaev reported an average growth of the Gross Domestic Product (GDP) of Kyrgyzstan at 9 percent over the past three years. This was the topic of discussion at a meeting with the IMF's resident representative Farid Talyshev. During the meeting, the parties discussed the results of structural

19.01.2026, 17:09