Issue 1544 - 10.01.2025
10.01.2025

Tax amnesty eases situation of many entrepreneurs in Kyrgyzstan

The International Business Council (IBC) commented on the presidential decree on tax amnesty to journalists. According to its executive director Askar Sydykov, this amnesty will ease the burden of taxpayers, so the IBC supports the initiative of the head of state.

He noted that the amnesty concerns the write-off of debt for the period up to January 1, 2022, if the taxpayer acknowledged the debt. This, according to the IBC, will ease the situation of many entrepreneurs.

Askar Sydykov added that the tax amnesty is a common international practice, it helps to stimulate businesses to continue working.

"However, this does not mean complete exemption from all debts. Most likely, penalties will remain. For example, penalties can reach an amount comparable to the main debt, and the entrepreneur will have to pay them. In addition, it will be difficult to get into the register of bona fide taxpayers if there is a debt for the last three years," he said.

According to the head of the IBC, recognized tax debt is not always a violation on the part of the entrepreneur. There are cases when taxes are accrued incorrectly, and in such situations, writing off the debt will help reduce the financial burden for entrepreneurs.

Recall, the President of Kyrgyzstan signed a decree according to which, in order to provide support to the population and business entities, a reduction in the tax burden and transition to more effective tax administration will take place.

By Baktygul Osmonalieva for 24.kg.

Kyrgyzstan General

10.01.2025

Kyrgyzstan and Uzbekistan expand cooperation in Fergana Valley

At the invitation of the Batken regional state administration, a delegation of Uzbekistan consisting of official representatives, journalists-bloggers and tour operators headed by Deputy Khokim of the Fergana region Khurshidjon Akhmedov visited the region, Dunyo News Agency of Uzbekistanreported.

The main goal of the event was to develop trade and economic...

At the invitation of the Batken regional state administration, a delegation of Uzbekistan consisting of official representatives, journalists-bloggers and tour operators headed by Deputy Khokim of the Fergana region Khurshidjon Akhmedov visited the region, Dunyo News Agency of Uzbekistanreported.

The main goal of the event was to develop trade and economic...

10.01.2025

New Chinese ambassador to Kyrgyzstan presents credentials

First Deputy Foreign Minister of Kyrgyzstan Asein Isaev received on Thursday copies of credentials from Ambassador of China to Kyrgyzstan Liu Jiangping.

The first deputy minister, congratulating the Chinese ambassador on the upcoming start of diplomatic mission in Kyrgyzstan, wished her success in new responsible post, and expressed confidence in joint...

First Deputy Foreign Minister of Kyrgyzstan Asein Isaev received on Thursday copies of credentials from Ambassador of China to Kyrgyzstan Liu Jiangping.

The first deputy minister, congratulating the Chinese ambassador on the upcoming start of diplomatic mission in Kyrgyzstan, wished her success in new responsible post, and expressed confidence in joint...

Finance and Investment

10.01.2025

Groceries in Yerevan more expensive than in Bishkek, but salaries 38% higher

Yerevan once again confirms the title of the most expensive city in the Eurasian Economic Union. According to the data for November 2024 (the latest available data), out of 35 basic food products, prices for 31 items in the Armenian capital are higher than in Moscow, which was previously considered...

Yerevan once again confirms the title of the most expensive city in the Eurasian Economic Union. According to the data for November 2024 (the latest available data), out of 35 basic food products, prices for 31 items in the Armenian capital are higher than in Moscow, which was previously considered...

10.01.2025

State Development Bank of Kyrgyzstan announces changes in board of directors

The State Development Bank of Kyrgyzstan reports about personnel changes in the composition of the Board of Directors. Information about this is posted on the website of the bank, as well as the KDB.

In accordance with the decision of the sole shareholder, Askat Egemberdiev was appointed to the position of...

The State Development Bank of Kyrgyzstan reports about personnel changes in the composition of the Board of Directors. Information about this is posted on the website of the bank, as well as the KDB.

In accordance with the decision of the sole shareholder, Askat Egemberdiev was appointed to the position of...

10.01.2025

President of Kyrgyzstan signs decree on reducing tax burden

President of Kyrgyzstan Sadyr Zhaparov signed a decree according to which, in order to support the population and business entities, the tax burden will be reduced and a transition to more efficient tax administration will take place.

The Cabinet of Ministers was instructed to:

a) Submit to the Parliament for consideration a...

President of Kyrgyzstan Sadyr Zhaparov signed a decree according to which, in order to support the population and business entities, the tax burden will be reduced and a transition to more efficient tax administration will take place.

The Cabinet of Ministers was instructed to:

a) Submit to the Parliament for consideration a...

Metals and Minerals

10.01.2025

Gold bullion bars of National Bank bring income to their owners in January

Owners of gold bullion bars in Kyrgyzstan received tangible income in the first weeks of the new year. According to the National Bank, the cost of a troy ounce of gold (31.1035 grams) for redemption amounted to 234 thousand 92.5 KGS as of January 9.

This is 4 thousand 398 KGS...

Owners of gold bullion bars in Kyrgyzstan received tangible income in the first weeks of the new year. According to the National Bank, the cost of a troy ounce of gold (31.1035 grams) for redemption amounted to 234 thousand 92.5 KGS as of January 9.

This is 4 thousand 398 KGS...

Agriculture

10.01.2025

Conditions appear for export of Kyrgyz red beans to Chinese market

In response to a request from the General Customs Administration of the PRC to expand the list of enterprises eligible to export plant products to China, the Ministry of Water Resources, Agriculture and Processing Industry sent a list of enterprises eligible to export red beans.

At the end of December 2024,...

In response to a request from the General Customs Administration of the PRC to expand the list of enterprises eligible to export plant products to China, the Ministry of Water Resources, Agriculture and Processing Industry sent a list of enterprises eligible to export red beans.

At the end of December 2024,...

10.01.2025

Grain transportation from Kazakhstan to Kyrgyzstan increases by 92%

Grain transportation through the network of Kazakhstan Temir Zholy for 2024 amounted to 10.6 million tonnes. Including exports amounted to 8.1 million tonnes, the press service of the company reported.

According to its data, grain transportation to Central Asian countries increased in 2024: to Tajikistan by 20%, Kyrgyzstan by 92%, as...

Grain transportation through the network of Kazakhstan Temir Zholy for 2024 amounted to 10.6 million tonnes. Including exports amounted to 8.1 million tonnes, the press service of the company reported.

According to its data, grain transportation to Central Asian countries increased in 2024: to Tajikistan by 20%, Kyrgyzstan by 92%, as...

Manufacturing industry

10.01.2025

Kyrgyzstan adopts national export program Made in Kyrgyzstan

Kyrgyzstan has adopted the National Export Program Made in Kyrgyzstan for 2025-2028, which is aimed at helping domestic producers enter international markets and strengthening the country's export potential.

Exports are a key factor for economic growth, creating new jobs and strengthening Kyrgyzstan's position on the world stage. The program is aimed...

Kyrgyzstan has adopted the National Export Program Made in Kyrgyzstan for 2025-2028, which is aimed at helping domestic producers enter international markets and strengthening the country's export potential.

Exports are a key factor for economic growth, creating new jobs and strengthening Kyrgyzstan's position on the world stage. The program is aimed...

Communications and Transportation

10.01.2025

Asman Airlines makes first flight from Osh to Karakol

Asman Airlines will make the first flight on the Osh-Karakol-Osh route on January 9.

The flights will be carried out every Thursday and Sunday and will take only 1 hour and 20 minutes, Kabar News Agency has learnt from the press service of the company.

The cost of tickets starts from KGS4100...

Asman Airlines will make the first flight on the Osh-Karakol-Osh route on January 9.

The flights will be carried out every Thursday and Sunday and will take only 1 hour and 20 minutes, Kabar News Agency has learnt from the press service of the company.

The cost of tickets starts from KGS4100...

Pharmaceutical and Healthcare News

10.01.2025

Kyrgyz Cabinet regulates issues related to protection of citizens' health in field of HIV

Some issues of health protection of citizens in the field of HIV have been regulated, the Toktom portal reported.

Thus, in order to implement the state policy on the prevention of HIV and blood-borne viral hepatitis, the Resolution of the Cabinet of Ministers approved:

Procedure for examination, record and confidentiality of information...

Some issues of health protection of citizens in the field of HIV have been regulated, the Toktom portal reported.

Thus, in order to implement the state policy on the prevention of HIV and blood-borne viral hepatitis, the Resolution of the Cabinet of Ministers approved:

Procedure for examination, record and confidentiality of information...

Regional News

10.01.2025

Direct elections of at least 17 governors take place in Russia in 2025

Major election campaigns in the coming 2025 are planned in 39 of the 89 constituent entities of Russia. Direct elections of governors will be held in at least 17 regions, deputies of legislative assemblies in 11, and deputies of the State Duma in four. In addition, residents of 22 administrative...

Major election campaigns in the coming 2025 are planned in 39 of the 89 constituent entities of Russia. Direct elections of governors will be held in at least 17 regions, deputies of legislative assemblies in 11, and deputies of the State Duma in four. In addition, residents of 22 administrative...

10.01.2025

End of holidays in Russia fails to reduce stock volatility

The Russian stock market on Thursday, January 9, was in the doldrums: the correction continues after a powerful New Year's Eve rally at the end of December. Trading volumes have increased slightly compared to the inter-holiday days, major investment players are gradually joining the game, but many market participants remain...

The Russian stock market on Thursday, January 9, was in the doldrums: the correction continues after a powerful New Year's Eve rally at the end of December. Trading volumes have increased slightly compared to the inter-holiday days, major investment players are gradually joining the game, but many market participants remain...

10.01.2025

Trading on Chinese stock exchanges ends with multidirectional movement of quotations

Trading on Chinese stock exchanges ended today with a multidirectional movement of quotations. The Shanghai Composite index, reflecting the situation on the Shanghai Stock Exchange, decreased by 0.58 percent compared to the results of the previous trading day, it amounted to 3,211.39 points.

The indicator Shenzhen component, which is an indicator...

Trading on Chinese stock exchanges ended today with a multidirectional movement of quotations. The Shanghai Composite index, reflecting the situation on the Shanghai Stock Exchange, decreased by 0.58 percent compared to the results of the previous trading day, it amounted to 3,211.39 points.

The indicator Shenzhen component, which is an indicator...

10.01.2025

Producer price index in China decreases by 2.3 percent in December 2024

The situation with Chinese producer prices showed signs of improvement in December, while the rate of decline slowed, while consumer inflation, on the contrary, increased slightly in 2024, indicating stabilisation in the world's second largest economy.

The producer price index, a measure of changes in wholesale prices of producers of goods...

The situation with Chinese producer prices showed signs of improvement in December, while the rate of decline slowed, while consumer inflation, on the contrary, increased slightly in 2024, indicating stabilisation in the world's second largest economy.

The producer price index, a measure of changes in wholesale prices of producers of goods...