Issue 1821 - 24.04.2025
24.04.2025

Bishkek discusses future of Kyrgyzstan's regions

A conference dedicated to the implementation of the State Program for Comprehensive Social and Economic Development of the Regions of Kyrgyzstan for 2025-2030 was held in Bishkek, the press service of the Ministry of Economy of Kyrgyzstan reported.

Speaking at the event, First Deputy Minister of Economy and Commerce Choro Seyitov said that the goal of the program is to create an effective system for managing regional development to stimulate economic growth and improve the quality of life of citizens.

During the conference, participants discussed the current results of the implementation of new data-driven planning methods. The role of local communities and business in the decision-making process was also considered. The need to improve governance mechanisms and create conditions for attracting investment and developing infrastructure at all levels was emphasised.

Representatives of local administrations and local governments shared their experience in applying new planning methods. They noted that, despite initial concerns due to the abundance of data, new approaches helped make more accurate forecasts and improved interaction between the aiyl okmotu and the district level. An important element was the coordination councils, which united the state, business and local communities to work together on territorial development.

It was noted that through the joint efforts of the Ministry of Economy, the World Bank, the Institute of Development Policy and the Local Governance Academy of Central Asia, with financial support from the EGED Program, thousands of municipal and government employees were trained in new planning methods. This made it possible to implement new local development programs throughout the country. Choro Seyitov especially emphasised the key role of the Institute of Development Policy in this process and the effectiveness of the coordination councils as a platform for interaction.

By Artem Suvorov for 24.kg.

Kyrgyzstan General

24.04.2025

State Tax Service discusses digitalisation of tax system with Douzone Bizon

On April 23, the State Tax Service of Kyrgyzstan held a meeting with representatives of the South Korean company Douzone Bizon, specializing in digital solutions for tax administration and ERP-systems. The delegation from the Kyrgyz side was headed by Deputy Chairman of the State Tax Service Kubanychbek Ysabekov.

The parties focused...

On April 23, the State Tax Service of Kyrgyzstan held a meeting with representatives of the South Korean company Douzone Bizon, specializing in digital solutions for tax administration and ERP-systems. The delegation from the Kyrgyz side was headed by Deputy Chairman of the State Tax Service Kubanychbek Ysabekov.

The parties focused...

24.04.2025

State Tax Service Chairman explains tax changes to business

The Chairman of the State Tax Service (STS) of Kyrgyzstan Almambet Shykmamatov held a meeting with residents and entrepreneurs of Talas region as part of his working visit to the region, the press service of the State Tax Service of Kyrgyzstan reported.

During the open dialogue, the head of the Tax...

The Chairman of the State Tax Service (STS) of Kyrgyzstan Almambet Shykmamatov held a meeting with residents and entrepreneurs of Talas region as part of his working visit to the region, the press service of the State Tax Service of Kyrgyzstan reported.

During the open dialogue, the head of the Tax...

Finance and Investment

24.04.2025

Talks underway to establish Kyrgyz-Turkmen Development Fund

President of Kyrgyzstan Sadyr Zhaparov held negotiations with Gurbanguly Berdimuhamedov, Chairman of the Halk Maslahaty of Turkmenistan.

The two sides discussed a wide range of bilateral cooperation issues, including trade and economic relations, cultural and humanitarian ties, and regional initiatives.

President Zhaparov highlighted the steady positive trend in trade between the two...

President of Kyrgyzstan Sadyr Zhaparov held negotiations with Gurbanguly Berdimuhamedov, Chairman of the Halk Maslahaty of Turkmenistan.

The two sides discussed a wide range of bilateral cooperation issues, including trade and economic relations, cultural and humanitarian ties, and regional initiatives.

President Zhaparov highlighted the steady positive trend in trade between the two...

24.04.2025

Kyrgyzstan receives $120 mln from World Bank for developing sustainable finance market

The World Bank’s Board of Executive Directors approved today $120 million for Developing a Sustainable Finance Market for Micro, Small, and Medium Enterprises (MSMEs) in Kyrgyzstan project. This landmark initiative will be co-financed by a $50 million loan from the Asian Infrastructure Investment Bank (AIIB), reflecting a strong partnership to...

The World Bank’s Board of Executive Directors approved today $120 million for Developing a Sustainable Finance Market for Micro, Small, and Medium Enterprises (MSMEs) in Kyrgyzstan project. This landmark initiative will be co-financed by a $50 million loan from the Asian Infrastructure Investment Bank (AIIB), reflecting a strong partnership to...

Metals and Minerals

24.04.2025

Value of gold in Kyrgyzstan passes 300 thousand KGS

The repurchase price of an ounce of gold bullion bars of the National Bank of Kyrgyzstan for 23 April is set at KGS 300 thousand 992.5.

A day earlier, the regulator bought back bars weighing 31.1035 grams from the population at 289 thousand 857.5 KGS. Thus, the price of an ounce...

The repurchase price of an ounce of gold bullion bars of the National Bank of Kyrgyzstan for 23 April is set at KGS 300 thousand 992.5.

A day earlier, the regulator bought back bars weighing 31.1035 grams from the population at 289 thousand 857.5 KGS. Thus, the price of an ounce...

Energy Industry

24.04.2025

Kyrgyzstan offers Kambarata HPP-1 to investors

Kyrgyzstan continues to actively seek foreign investment. On April 21, President Sadyr Zhaparov arrived in Bahrain on an official visit at the invitation of King Hamad bin Isa Al Khalifa to discuss prospects for bilateral cooperation. The head of the Cabinet of Ministers, Adylbek Kasymaliev, is holding talks in Washington...

Kyrgyzstan continues to actively seek foreign investment. On April 21, President Sadyr Zhaparov arrived in Bahrain on an official visit at the invitation of King Hamad bin Isa Al Khalifa to discuss prospects for bilateral cooperation. The head of the Cabinet of Ministers, Adylbek Kasymaliev, is holding talks in Washington...

24.04.2025

International Finance Corporation ready to invest $130 million in energy and water supply in Kyrgyzstan

On the sidelines of the IMF and World Bank Group Spring Meetings in Washington, Chairman of the Cabinet of Ministers of Kyrgyzstan Adylbek Kasymaliev met with Hela Cheikhrouhou, Regional Vice President of the International Finance Corporation (IFC) for the Middle East, Central Asia, Turkiye, Afghanistan and Pakistan, the press service...

On the sidelines of the IMF and World Bank Group Spring Meetings in Washington, Chairman of the Cabinet of Ministers of Kyrgyzstan Adylbek Kasymaliev met with Hela Cheikhrouhou, Regional Vice President of the International Finance Corporation (IFC) for the Middle East, Central Asia, Turkiye, Afghanistan and Pakistan, the press service...

Agriculture

24.04.2025

Islamic Development Bank allocates $45 mln to Kyrgyzstan for purchasing agricultural machinery

An agreement worth $45.11 million was signed between Kyrgyzstan and the Islamic Development Bank within the framework of the project “Assistance to mechanisation of agriculture in Kyrgyzstan”, the Ministry of Agriculture reported.

The loan funds will be used to support the country's agricultural sector by providing agricultural machinery on lease. The...

An agreement worth $45.11 million was signed between Kyrgyzstan and the Islamic Development Bank within the framework of the project “Assistance to mechanisation of agriculture in Kyrgyzstan”, the Ministry of Agriculture reported.

The loan funds will be used to support the country's agricultural sector by providing agricultural machinery on lease. The...

Manufacturing industry

24.04.2025

Teachers and doctors to be placed in separate queue for housing by State Mortgage Company

At a meeting of the Paliament, deputy Eldar Abakirov proposed to allocate a separate queue for teachers and doctors for housing through the State Mortgage Company (SMC). He said this would help support education and healthcare.

Eldar Abakirov recalled that the country lacks more than 3,600 primary school teachers due to...

At a meeting of the Paliament, deputy Eldar Abakirov proposed to allocate a separate queue for teachers and doctors for housing through the State Mortgage Company (SMC). He said this would help support education and healthcare.

Eldar Abakirov recalled that the country lacks more than 3,600 primary school teachers due to...

Communications and Transportation

24.04.2025

Kyrgyzstan proposes issuing licenses for scooter riders

At a meeting of the Parliament, MP Dastan Bekeshev raised the issue of disorder on the roads and sidewalks caused by the growing number of high-speed electric scooters and scooters.

According to him, now even schoolchildren ride these vehicles - and no one is responsible for it.

“Anyone can buy a scooter,...

At a meeting of the Parliament, MP Dastan Bekeshev raised the issue of disorder on the roads and sidewalks caused by the growing number of high-speed electric scooters and scooters.

According to him, now even schoolchildren ride these vehicles - and no one is responsible for it.

“Anyone can buy a scooter,...

Regional News

24.04.2025

Russian Ministry of Economic Development knows secrets of GDP growth

The Russian economy is currently in much more difficult conditions than the authorities expected last fall, with GDP expected to grow by 2.5% in 2025. Several industry downturns are developing in Russia at once. Lending to the public and businesses has been reduced to multi-year lows. The prospects of Russia...

The Russian economy is currently in much more difficult conditions than the authorities expected last fall, with GDP expected to grow by 2.5% in 2025. Several industry downturns are developing in Russia at once. Lending to the public and businesses has been reduced to multi-year lows. The prospects of Russia...

24.04.2025

Government purchases of medicines in Russia overtake their retail sales

In the first quarter of this year, the volume of the Russian pharmaceutical market increased to 814 billion rouble, an 11% increase compared to the same period in 2024, DSM-Group experts estimated.

The pharmacy segment, which accounts for a large market share (553 billion rouble), increased by 8.4%, while the public...

In the first quarter of this year, the volume of the Russian pharmaceutical market increased to 814 billion rouble, an 11% increase compared to the same period in 2024, DSM-Group experts estimated.

The pharmacy segment, which accounts for a large market share (553 billion rouble), increased by 8.4%, while the public...

24.04.2025

Russian market and rouble play off breakdown of negotiations

The wind of geopolitical change blew in a different direction again, and the Russian market turned sharply, just as it had jumped up on the positive news the night before. By the middle of the day, part of the morning drop was redeemed: by 14.30 Moscow time, the Moscow Exchange...

The wind of geopolitical change blew in a different direction again, and the Russian market turned sharply, just as it had jumped up on the positive news the night before. By the middle of the day, part of the morning drop was redeemed: by 14.30 Moscow time, the Moscow Exchange...

24.04.2025

Grain harvest in Russia in 2025 may reach 126-127 million tonnes, including 81.2 million tonnes of wheat

Grain harvest in Russia in 2025 may amount to 126-127 million tonnes, but interest in its cultivation is decreasing, said Vladimir Petrichenko, CEO of ProSerno, at the XIX international conference Compound Feed 2025 in Moscow on Wednesday.

"The harvest of all grain crops will be 126-127 million tonnes. Less for wheat,...

Grain harvest in Russia in 2025 may amount to 126-127 million tonnes, but interest in its cultivation is decreasing, said Vladimir Petrichenko, CEO of ProSerno, at the XIX international conference Compound Feed 2025 in Moscow on Wednesday.

"The harvest of all grain crops will be 126-127 million tonnes. Less for wheat,...