Issue 1855 - 26.06.2025
26.06.2025

Kyrgyzstan's airports owe millions of KGS: Turkish Airlines, Pegasus, and Aeroflot lead way

The largest airlines are listed as debtors of Kyrgyzstan Airports. Their liabilities exceed half a billion KGS. This data is provided in the company's financial statements.

At the end of 2024, the largest accounts receivable from Kyrgyzstan Airports (formerly Manas International Airport) were owed by a number of international air carriers.

According to the company's report, the total debt of the 18 largest debtors amounted to 856.2 million KGS. This covers 78.26% of the total amount receivable. Turkish Airlines is the leader, owing 333.9 million KGS as of December 31 last year. This is almost 40% of the total debt owed by the top debtors.

In second place is Pegasus Airlines with a debt of 139.3 million KGS, and Aeroflot closes the TOP-3 with 66 million KGS.

Other significant debtors include Air Astana (72.8 million KGS), US Military (59.3 million), Wizz Air Abu Dhabi, and Jazeera Airways, each of which owes more than 37 million KGS.

In addition to air carriers, the list includes duty-free operators (10.7 million KGS) and logistics companies. However, the lion's share of the debt more than half a billion KGS is owed by airlines.

Reported by Akchabar (Kyrgyzstan).

Kyrgyzstan General

26.06.2025

Kyrgyzstan and Malaysia sign memorandum of cooperation in tourism

During Sadyr Zhaparov's official visit to Malaysia, Minister of Economy and Commerce Bakyt Sydykov signed a memorandum of understanding between the Cabinet of Ministers of Kyrgyzstan and the Government of Malaysia on cooperation in the field of tourism.

This document confirms the desire of the two countries to expand and improve...

During Sadyr Zhaparov's official visit to Malaysia, Minister of Economy and Commerce Bakyt Sydykov signed a memorandum of understanding between the Cabinet of Ministers of Kyrgyzstan and the Government of Malaysia on cooperation in the field of tourism.

This document confirms the desire of the two countries to expand and improve...

26.06.2025

Damage from strong winds in Kyrgyzstan reaches almost 15 million som

Five emergency situations caused by strong gusts of wind have been recorded in Kyrgyzstan since the beginning of 2025. The Deputy Minister of Emergency Situations of Kyrgyzstan, Urmatbek Shamyrkanov, announced at a briefing.

According to him, the total damage from these incidents amounted to 14,869 million som.

In 2024, at least 132...

Five emergency situations caused by strong gusts of wind have been recorded in Kyrgyzstan since the beginning of 2025. The Deputy Minister of Emergency Situations of Kyrgyzstan, Urmatbek Shamyrkanov, announced at a briefing.

According to him, the total damage from these incidents amounted to 14,869 million som.

In 2024, at least 132...

Finance and Investment

26.06.2025

President of Kyrgyzstan allocates 807 million som for development of Naryn

President of Kyrgyzstan Sadyr Japarov allocated 807 million som from his fund for the development of Naryn. The Chairman of the State Committee for National Security (SCNS) Kamchybek Tashiev announced at a meeting in this city.

According to him, 9.4 billion som were allocated from the national budget to the Naryn...

President of Kyrgyzstan Sadyr Japarov allocated 807 million som from his fund for the development of Naryn. The Chairman of the State Committee for National Security (SCNS) Kamchybek Tashiev announced at a meeting in this city.

According to him, 9.4 billion som were allocated from the national budget to the Naryn...

26.06.2025

Consumer lending increases by 103 percent in Kyrgyzstan

Consumer loans in Kyrgyzstan have increased by 103 percent as of late spring 2025, according to data released by the National Bank.

The total volume of consumer loans has exceeded 130 billion som. Since January alone, consumer lending has grown by 20 percent, and over the past 12 months by 103...

Consumer loans in Kyrgyzstan have increased by 103 percent as of late spring 2025, according to data released by the National Bank.

The total volume of consumer loans has exceeded 130 billion som. Since January alone, consumer lending has grown by 20 percent, and over the past 12 months by 103...

26.06.2025

Guarantee Fund supports export businesses in regions with 1.1 billion som

The Guarantee Fund continues to actively support entrepreneurs in the regions of Kyrgyzstan, paying particular attention to businesses operating in the export and import substitution sectors.

Since the beginning of the year, export-oriented enterprises have been receiving priority guarantee support, which allows them to attract financing, expand production and confidently enter...

The Guarantee Fund continues to actively support entrepreneurs in the regions of Kyrgyzstan, paying particular attention to businesses operating in the export and import substitution sectors.

Since the beginning of the year, export-oriented enterprises have been receiving priority guarantee support, which allows them to attract financing, expand production and confidently enter...

26.06.2025

Entrepreneurship Development Fund begins issuing preferential loans at 8% interest

The Entrepreneurship Development Fund has officially announced the launch of a preferential lending program. Starting June 25, entrepreneurs across the country can apply for loans at 8% per annum, one of the lowest rates on the market for small and medium-sized businesses.

The Ministry of Finance has allocated 500 million som...

The Entrepreneurship Development Fund has officially announced the launch of a preferential lending program. Starting June 25, entrepreneurs across the country can apply for loans at 8% per annum, one of the lowest rates on the market for small and medium-sized businesses.

The Ministry of Finance has allocated 500 million som...

Metals and Minerals

26.06.2025

Price of ounce of gold at National Bank of Kyrgyzstan falls by 7,308 som over day

The buyback price for one ounce of gold bars of the National Bank of Kyrgyzstan as of 25 June has been set at 290,752 som.

A day earlier, the regulator bought bars weighing 31.1035 grams from the public at 298,060 som. Thus, the price of an ounce fell by 7,308 som...

The buyback price for one ounce of gold bars of the National Bank of Kyrgyzstan as of 25 June has been set at 290,752 som.

A day earlier, the regulator bought bars weighing 31.1035 grams from the public at 298,060 som. Thus, the price of an ounce fell by 7,308 som...

Agriculture

26.06.2025

Naryn and Issyk-Kul regions completely transition to organic agriculture by 2029

In 2025, the Cabinet of Ministers adopted the Organic 2025–2029 programme, which aims to increase the area of organic agricultural land to 200,000 hectares by 2029 and to convert the Issyk-Kul and Naryn regions to organic agriculture.

This was announced by Deputy Prime Minister Bakyt Torobaev at the 4th meeting of...

In 2025, the Cabinet of Ministers adopted the Organic 2025–2029 programme, which aims to increase the area of organic agricultural land to 200,000 hectares by 2029 and to convert the Issyk-Kul and Naryn regions to organic agriculture.

This was announced by Deputy Prime Minister Bakyt Torobaev at the 4th meeting of...

26.06.2025

Kyrgyzstan intends to expand its agricultural exports

"Agriculture is a priority sector of Kyrgyzstan’s economy. It accounts for about 9 percent of GDP, employs 28 percent of the country’s population, and plays an important role in the country’s food security," Bakyt Torobaev, Deputy Chairman of the Cabinet of Ministers and Minister of Water Resources, Agriculture, and Processing...

"Agriculture is a priority sector of Kyrgyzstan’s economy. It accounts for about 9 percent of GDP, employs 28 percent of the country’s population, and plays an important role in the country’s food security," Bakyt Torobaev, Deputy Chairman of the Cabinet of Ministers and Minister of Water Resources, Agriculture, and Processing...

Manufacturing industry

26.06.2025

10 enterprises for export and processing industries planned to open in Naryn region this year

Of the 63 new facilities planned for 2025 in the export infrastructure and processing industry, 10 are planned enterprises in the Naryn region. This was reported by the Ministry of Water Resources, Agriculture and Processing Industry.

These include two trade and logistics centres, two safflower oil extraction plants, three wool processing...

Of the 63 new facilities planned for 2025 in the export infrastructure and processing industry, 10 are planned enterprises in the Naryn region. This was reported by the Ministry of Water Resources, Agriculture and Processing Industry.

These include two trade and logistics centres, two safflower oil extraction plants, three wool processing...

26.06.2025

$13.34 million allocated for construction of Tugol-Suu seasonal reservoir in Jumgal district

Construction work is 58% complete. The reservoir will be commissioned by the end of 2025. As a result, water supply will be improved for 3,208 hectares and 1,602 hectares of new land will be developed.

The total cost of constructing the Shamshi reservoir in the Kochkor district is $16.07 million. Construction...

Construction work is 58% complete. The reservoir will be commissioned by the end of 2025. As a result, water supply will be improved for 3,208 hectares and 1,602 hectares of new land will be developed.

The total cost of constructing the Shamshi reservoir in the Kochkor district is $16.07 million. Construction...

Regional News

26.06.2025

Russian market rebounds, corporate news in focus

The Russian stock market on Wednesday, June 25, is trying to stabilize. By 15:30 Moscow time, the Moscow Exchange index rose by 1.23% to 2,779 points. According to Yaroslav Kabakov, Director of Strategy at Finam IC, one of the reasons for the rebound in the Russian market is the absence...

The Russian stock market on Wednesday, June 25, is trying to stabilize. By 15:30 Moscow time, the Moscow Exchange index rose by 1.23% to 2,779 points. According to Yaroslav Kabakov, Director of Strategy at Finam IC, one of the reasons for the rebound in the Russian market is the absence...

26.06.2025

Analysts talk about China's demographic problems

China's sustainable economic growth in the coming years may be hindered not so much by external conjunctural as by systemic internal problems, according to an analytical note from the Bruegel European analytical centre. One of the main problems is the decline in the country's population, which, among other things, may...

China's sustainable economic growth in the coming years may be hindered not so much by external conjunctural as by systemic internal problems, according to an analytical note from the Bruegel European analytical centre. One of the main problems is the decline in the country's population, which, among other things, may...

26.06.2025

Russia improves its position in global Balanced Development index

The United Nations Organisation for Sustainable Development (Sustainable Development Solutions Network SDSN) has published the "Global Index of Sustainable Development-2025". It was used to measure the progress of countries in achieving the goals set by the United Nations in such areas as poverty eradication, ecology, education, food security, and so...

The United Nations Organisation for Sustainable Development (Sustainable Development Solutions Network SDSN) has published the "Global Index of Sustainable Development-2025". It was used to measure the progress of countries in achieving the goals set by the United Nations in such areas as poverty eradication, ecology, education, food security, and so...

26.06.2025

Trading on Chinese stock exchanges ends with increase in quotations

Trading on Chinese stock exchanges ended today with an increase in quotations. The Shanghai Composite index, reflecting the situation on the Shanghai Stock Exchange, rose by 1.04 percent. compared to the previous trading day, it amounted to 3,455.97 points.

The Shenzhen Component index, which is an indicator of business activity on...

Trading on Chinese stock exchanges ended today with an increase in quotations. The Shanghai Composite index, reflecting the situation on the Shanghai Stock Exchange, rose by 1.04 percent. compared to the previous trading day, it amounted to 3,455.97 points.

The Shenzhen Component index, which is an indicator of business activity on...