Economy

Ban on luxury goods. The European Union is preparing a new package of sanctions against Russia

A new package of sanctions from the European Union against Russia is expected to be presented by February 24, as reported by Euractiv. Finland and Sweden have proposed including restrictions on the export of luxury goods to Russia, as well as on the maintenance of Russian oil tankers, in this package. Additionally, there are plans to reduce quotas on the import of Russian fertilizers into EU countries.

14.01.2026, 12:03
Economy

In the EAEU, zero import duties on phosphates for fertilizer producers have been extended

- The Board of the Eurasian Economic Commission announced the introduction of zero import customs duties for certain phosphates necessary for the production of mineral fertilizers. The established rate is 0% of the customs value for goods such as natural calcium phosphates, aluminum-calcium natural phosphates, and phosphate chalk, and this decision will be in effect until February 29, 2028, inclusive.

14.01.2026, 12:00
Economy

In Kyrgyzstan, flour and cereals worth 9.4 billion soms were produced in the first 11 months of 2025.

- In the first 11 months of 2025, the volume of flour and cereal production in the Kyrgyz Republic amounted to 9 billion 442.1 million soms, demonstrating growth compared to the same period in 2024 (8 billion 160.4 million soms). This is confirmed by official statistical data. The physical volume index for the specified period was 108%, indicating a positive trend in production output. For comparison, in January–November 2024, this indicator was 110.3%.

14.01.2026, 11:21
Economy

In Chui Region, industrial, tourism, and residential complexes will be built according to cluster zones.

Starting from 2026, a new approach to the placement of all new facilities — the cluster principle — is planned to be implemented in the Chui region. This became known at a recent meeting held at the presidential representative office. Under the leadership of the presidential envoy in the region, Azamat Osmonov, an expanded staff meeting took place, attended by district akims, city mayors, and heads of ayil okmotu.

14.01.2026, 11:05
Exchange rates in commercial banks of Kyrgyzstan as of January 14
Economy

Exchange rates in commercial banks of Kyrgyzstan as of January 14

Reference information about exchange rates has been collected from the websites of commercial banks. If you have any questions regarding this data, we recommend contacting the respective banks. The data presented in the article is current as of the time of writing. The indicated rates are intended for cash currency exchange and may change throughout the day.

14.01.2026, 10:58
In the village of Daroot-Korgon, a farmers' fair was held in the Chon-Alai district.
Economy

In the village of Daroot-Korgon, a farmers' fair was held in the Chon-Alai district.

Yesterday, a fair dedicated to socially significant agricultural products took place in the village of Daroot-Korgon, located in the Chon-Alai district. This information was provided by the press service of the Ministry of Agriculture of the Kyrgyz Republic. The event was organized by the district agricultural development management together with the Ayil Okmotu of Chon-Alai, Kashka-Suu, and Jekendi. At the fair, local residents could purchase meat products, vegetables, fruits, flour,

14.01.2026, 10:50
Economy

In 2025, 35 violations of phytosanitary requirements were identified, - Ministry of Agriculture

- In 2025, 35 cases of non-compliance with phytosanitary requirements were detected in Kyrgyzstan during the import of goods, reports the press service of the Ministry of Agriculture. The total weight of the returned products amounted to 562.5 tons, including 70,515 seedlings, 11,387 floral products, and 136 cubic meters of timber. All products were sent back to the shippers.

14.01.2026, 10:12
Economy

Preparation for the launch of the second hydro unit of the Kambar-Ata HPP-2. What has already been done

As part of the implementation of the Kambar-Ata HPP-2 project, significant progress has been reported. The project is being carried out with the support of the Eurasian Stabilization and Development Fund, and the international consulting company Fichtner GmbH & Co. KG is responsible for technical support and oversight. The project is divided into three lots, and contractors were selected through international tenders:

14.01.2026, 10:04
Economy

The World Bank forecasts a 6.5 percent economic growth for Kyrgyzstan in 2026.

In 2026, the economy of Kyrgyzstan will continue its development thanks to domestic demand, investments, and increased government spending. This forecast was presented by the senior economist of the World Bank, Bakyt Dubashov. According to Dubashov, the main factor contributing to this growth will be domestic stimulation of the economy. Private consumption is expected to rise, as well as the volume of investments and expenditures in the public sector.

14.01.2026, 09:37
Ministry of Agriculture of the Kyrgyz Republic Summarizes Breeding Work
Economy

Ministry of Agriculture of the Kyrgyz Republic Summarizes Breeding Work

The press service of the Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic reports positive results achieved thanks to state support and active efforts in the field of livestock breeding. Currently, there are 185 breeding farms operating in the country, covering key areas of the industry and contributing to increased economic activity in rural areas.

14.01.2026, 08:41
Exchange rates for January 14
Economy

Exchange rates for January 14

On January 14, 2026, the National Bank presented the current exchange rates for foreign currencies. 1 US dollar (USD) equals 87.4490 soms 1 euro (EUR) costs 102.0399 soms 1 Russian ruble (RUB) — 1.1135 soms 1 Kazakh tenge (KZT) — 0.1716 soms 1 Chinese yuan (CNY) equals 12.5357 soms In commercial banks, the average buying rate for the dollar is 87.33 soms, while the selling rate is 87.80 soms.

14.01.2026, 08:31
EAEU Expects Acceleration of Economies in Uzbekistan, Kazakhstan, and Kyrgyzstan
Economy

EAEU Expects Acceleration of Economies in Uzbekistan, Kazakhstan, and Kyrgyzstan

The bank presented a macroeconomic forecast for the period from 2026 to 2028 In its new macroeconomic forecast for 2026-2028, the EADB predicts an acceleration of economic growth in Uzbekistan, Kazakhstan, and Kyrgyzstan. According to experts, the Central Asian countries will continue to demonstrate high growth rates due to increased investments and domestic demand.

13.01.2026, 20:27
The State Information Committee will stop receiving funding from the state budget starting in 2027 — Sadyr Japarov
Economy

The State Information Committee will stop receiving funding from the state budget starting in 2027 — Sadyr Japarov

Sadyr Japarov spoke about the factors influencing the price of mortgage housing Today, January 12, a ceremony was held in Bishkek to hand over the keys to apartments as part of the second phase of the construction of the "Muras" residential complex, attended by President Sadyr Japarov. During the event, he highlighted important points regarding the state housing policy and the work of the State Mortgage Company (GIK).

13.01.2026, 20:05
Since January 1, alcohol in Kyrgyzstan has become more expensive
Economy

Since January 1, alcohol in Kyrgyzstan has become more expensive

The State Tax Service has announced an increase in excise rates on alcoholic products in Kyrgyzstan. According to information published by the STS, the excise tax on alcohol will be raised. This decision is based on a resolution of the Government of the Kyrgyz Republic adopted on December 18, 2025.

13.01.2026, 18:49
The credit portfolio of banks in Kyrgyzstan has increased by one and a half times.
Economy

The credit portfolio of banks in Kyrgyzstan has increased by one and a half times.

According to the latest data, from January to September of this year, there has been a significant increase in the volume of bank lending in Kyrgyzstan, especially in the sectors of consumer loans, trade, and mortgage lending. The report from the National Statistical Committee shows that as of October 1, the credit portfolio of the banking sector amounted to 461.1 billion soms, which is an increase of 1.5 times compared to the same period last year, or by 160.3 billion soms.

13.01.2026, 17:30
The Antimonopoly Service threatened restaurants and cafes with fines for expensive menus
Economy

The Antimonopoly Service threatened restaurants and cafes with fines for expensive menus

The editorial team of VB.KG received complaints from residents of Bishkek who are reporting price increases in restaurants and cafes following the cancellation of the service charge. We reached out for clarification to the Antimonopoly Regulation Service under the Ministry of Economy and Commerce of the Kyrgyz Republic and received a response from its chairman, Jenaly Orozbaev.

13.01.2026, 16:03
The Railways of Kyrgyzstan Achieve Record Transportation Volumes
Economy

The Railways of Kyrgyzstan Achieve Record Transportation Volumes

The length of the Kyrgyz railway is 424.6 km, and it plays a crucial role in the country's transport infrastructure. This network provides strategic connectivity between Kyrgyzstan and the railway networks of neighboring countries, facilitating the development of international trade and passenger transportation. The railway network of Kyrgyzstan consists of two geographically separated sections. The northern section, measuring 323.4 km, connects Rybachye with TurkSib in Kazakhstan and

13.01.2026, 15:54
Economy

The Rosselkhoznadzor Suspended the Import of Eight Tons of Frozen Dumplings from Kyrgyzstan

The Rosselkhoznadzor Administration for the Orenburg Region discovered an attempt to illegally import frozen dumplings from Kyrgyzstan. Specifically, it concerns 8.6 tons of products that were detained at the Russian-Kazakh border, according to information from the agency's press service. According to further clarification, the identified dumplings did not meet veterinary standards: some of them lacked the necessary veterinary documents and had not undergone a complete course of laboratory

13.01.2026, 14:11
Economy

A Small Project Can Attract More Investment Than Large Ones, - Economist

Economist Uran Sadygaliev noted on the radio that small projects can yield results that significantly surpass the achievements of large initiatives in attracting investments. As an example, he pointed to Kyrgyzstan's participation in the upcoming Expo-2025, which will take place in Osaka (Japan). According to him, the national pavilion at this event has already managed to attract the attention of both the global audience and potential investors. “Although our pavilion is a small project,

13.01.2026, 14:10
Economy

In Kazakhstan, a drought and water shortage are forecasted for 2026

On January 13, the Minister of Water Resources and Irrigation of Kazakhstan, Nurzhan Nurzhigitov, voiced a grim forecast regarding the country's water supply. This was reported by Tengrinews. According to Nurzhigitov, there is a significant decrease in the inflow of water into the rivers of southern Kazakhstan in the coming months. As of January 12, 2026, the water reservoir levels in the upper reaches of the Syr Darya River in neighboring countries were 3.2 billion cubic meters lower

13.01.2026, 13:57
Cafes and restaurants will be checked due to complaints about rising prices – Antimonopoly
Economy

Cafes and restaurants will be checked due to complaints about rising prices – Antimonopoly

In connection with the increase in prices for dishes in restaurants and cafes, antimonopoly authorities will begin to impose fines. This was announced by Zhenaly Orozbaev, chairman of the Antimonopoly Regulation Service, in an interview with the Kabar agency. As of January 1 of this year, a new decree came into force in the country, abolishing the collection of service charges in public establishments. Currently, the service is receiving complaints from customers.

13.01.2026, 13:24
Economy

In Kyrgyzstan, requirements for participants in the virtual asset market will be tightened

The Cabinet of Ministers of the Kyrgyz Republic has approved a new resolution aimed at improving regulation in the field of virtual assets and creating stable conditions for the development of the cryptocurrency sector. According to the new document, all existing virtual asset service providers must bring their minimum charter capital in line with the established norms by March 1, 2026. These norms were defined in resolution No. 514 dated September 16, 2022, concerning the activities of

13.01.2026, 13:11
Economy

New Benefits Will Be Provided for the Sewing and Textile Industry

The State Tax Service (STS) has announced amendments to the KR law dated December 31, 2025, regarding the reduction of income tax rates and insurance contribution tariffs for enterprises in the sewing and textile production sector. According to the new regulations, starting from January 1, 2026, entrepreneurs in this industry will pay an insurance contribution of 12% of 40% of the average monthly salary for each employee, which amounts to 2,115.5 soms. Additionally, the income tax will be 1% of

13.01.2026, 13:09
Economy

State Antimonopoly Service: Catering establishments will be checked for portion weights and compliance with trade regulations

Starting from January 1, 2026, control over restaurants and cafes will become stricter due to a new resolution from the Cabinet of Ministers that prohibits charging service fees. This was reported by Tazabek, citing the director of the State Antimonopoly Agency, Zhenala Orozbaev. According to him, within the framework of the Consumer Rights Protection Law, metrological control will be introduced, and the agency has already developed a plan for regular inspections of all catering establishments.

13.01.2026, 12:58
Economy

New Benefits for the Sewing and Textile Industry Have Emerged

According to the State Tax Service of the Kyrgyz Republic, in accordance with the Law of the Kyrgyz Republic "On Amendments to Certain Legislative Acts of the Kyrgyz Republic in the Field of Taxation, Social Insurance, and Non-Tax Revenues," the income tax rates and insurance contribution tariffs for enterprises in the sewing and textile industry have been reduced. According to the new regulations, until January 1, 2030, unified insurance contribution rates of 12% have been

13.01.2026, 12:57
Economy

Some public services are planned to be transferred to private companies. How much could tariffs increase?

Today, January 13, the Cabinet of Ministers proposed a draft law on outsourcing state and municipal services. This issue was reviewed by the Constitutional Legislation Committee of the Jogorku Kenesh during the first reading. In the explanatory note to the draft law, it is emphasized that within the framework of the existing state order, a significant number of services are provided free of charge; however, budgetary capabilities do not always allow for covering all potential recipients.

13.01.2026, 12:27
Economy

Dastan Bekeshev Reminded of Past Failures When Public Services Were Outsourced

Deputy Dastan Bekeshev expressed his concern about the potential risks associated with transferring state and municipal services to private companies, especially in the context of protecting citizens' personal data. Today, January 13, during a meeting of the Constitutional Legislation Committee in the Jogorku Kenesh, a draft law allowing the outsourcing of certain state services was reviewed.

13.01.2026, 12:13
Exchange rates in commercial banks of Kyrgyzstan on January 13
Economy

Exchange rates in commercial banks of Kyrgyzstan on January 13

Information about currency exchange rates has been collected from the websites of various commercial banks. If you have any questions regarding the provided data, it is recommended to contact the banks directly. This information is current as of the time of publication. The exchange rates are for cash transactions and may change throughout the day.

13.01.2026, 11:34