Issue 1794 - 11.03.2025
11.03.2025

Kyrgyzstan shows lowest inflation among EAEU countries in January

The consumer price index in January 2025 in the EAEU countries as a whole reached 1.2 percent. Materials of the Eurasian Economic Commission (EEC) say.

The monthly inflation rate has been analysed, not the annual one. At the same time, the EEC took into account the prices of the most popular goods and services.

In general, in terms of inflation, Armenia took the first place with 1.4 percent, Russia took the second place at 1.2 percent, and Kazakhstan the third place (1.1 percent).

The lowest inflation was recorded in Kyrgyzstan (0.6 percent) and Belarus (0.7 percent). These are the only two EAEU states, where the monthly inflation rate did not exceed 1 percentage point.

According to the EEC materials, if we compare the growth in prices for meat and meat products, then in Armenia, as a whole, they fell by 1.2 percent in January.

A slight increase in prices was registered in Belarus by 0.1 percent, in Kyrgyzstan by 0.6 percent, Russia by 0.7 percent, Kazakhstan by 1.1 percent.

Bread went up the least in Kyrgyzstan by 0.2 percent. In Armenia, bread price rose by 0.3 percent, followed by Belarus 0.4 percent, Kazakhstan 0.8 percent and Russia 1 percent.

In general, food products in the EAEU countries became 1.3 percent more expensive in January.

By Baktygul Osmonalieva for 24.kg.

Kyrgyzstan General

11.03.2025

Kyrgyzstan imposes fines for use of plastic in Issyk-Kul region

Imposing fines for the sale and use of polymer film bags is one of the measures to reduce the use of plastic products, Almaz Oskonbaev, a specialist at the Waste Management Department of the Ministry of Natural Resources, Ecology, and Technical Supervision of Kyrgyzstan, told 24.kg news agency.

According to the Code of...

Imposing fines for the sale and use of polymer film bags is one of the measures to reduce the use of plastic products, Almaz Oskonbaev, a specialist at the Waste Management Department of the Ministry of Natural Resources, Ecology, and Technical Supervision of Kyrgyzstan, told 24.kg news agency.

According to the Code of...

11.03.2025

Kyrgyzstan and South Korea abolish double taxation

On 10 March, the Committee on International Affairs, Defence, Security and Migration considered a draft law that deals with changes to the agreement between Kyrgyzstan and South Korea.

This agreement is aimed at avoiding double taxation and preventing evasion of taxes on income and capital. The new protocol was signed on...

On 10 March, the Committee on International Affairs, Defence, Security and Migration considered a draft law that deals with changes to the agreement between Kyrgyzstan and South Korea.

This agreement is aimed at avoiding double taxation and preventing evasion of taxes on income and capital. The new protocol was signed on...

Finance and Investment

11.03.2025

Kyrgyzstan's state budget receives 19.5 billion KGSmore from non-tax revenues

In 2024, non-tax revenues of the state budget of Kyrgyzstan totalled KGS100 billion 766.1 million, which is 108.5% more than the planned volume of KGS47.6 billion.

This excess of KGS19.5 billion was possible due to the identification of additional sources of revenues, which provided a 124% increase compared to the previous...

In 2024, non-tax revenues of the state budget of Kyrgyzstan totalled KGS100 billion 766.1 million, which is 108.5% more than the planned volume of KGS47.6 billion.

This excess of KGS19.5 billion was possible due to the identification of additional sources of revenues, which provided a 124% increase compared to the previous...

11.03.2025

Kyrgyz-French business forum takes place in Bishkek

Ambassador of Kyrgyzstan to France Sadyk Sher-Niyaz met with Deputy Director General of MEDEF International Geraldine Lembley.

The diplomatic mission reported that during the meeting, issues of intensifying trade and economic cooperation and increasing trade turnover between Kyrgyzstan and France were discussed, and the parties also discussed the possibility of organising...

Ambassador of Kyrgyzstan to France Sadyk Sher-Niyaz met with Deputy Director General of MEDEF International Geraldine Lembley.

The diplomatic mission reported that during the meeting, issues of intensifying trade and economic cooperation and increasing trade turnover between Kyrgyzstan and France were discussed, and the parties also discussed the possibility of organising...

Metals and Minerals

11.03.2025

Kyrgyzaltyn makes record profit in 2024

Kyrgyzaltyn ended 2024 with a record profit of KGS17.2 billion, up 36% year-on-year. The main growth factors were effective management, optimisation of processes and launch of new areas.

One of the key successes is the exit from unprofitability of Makmal Gold Company. Back in 2022, the company was operating with a...

Kyrgyzaltyn ended 2024 with a record profit of KGS17.2 billion, up 36% year-on-year. The main growth factors were effective management, optimisation of processes and launch of new areas.

One of the key successes is the exit from unprofitability of Makmal Gold Company. Back in 2022, the company was operating with a...

11.03.2025

Kyrgyz National Bank announces international tender for production of gold bars

The National Bank of Kyrgyzstan has announced an international open tender for the procurement of services for the production and supply of refined gold bars weighing 10, 31, 100, and 1,035 grams. The announcement was published in Erkin-Too newspaper.

According to the stated conditions, the bars must be produced from recycled...

The National Bank of Kyrgyzstan has announced an international open tender for the procurement of services for the production and supply of refined gold bars weighing 10, 31, 100, and 1,035 grams. The announcement was published in Erkin-Too newspaper.

According to the stated conditions, the bars must be produced from recycled...

Energy Industry

11.03.2025

Bishkek power grids start active repair campaign

Bishkek Electricity Networks Enterprise launched a repair campaign to prepare the power grid for the next autumn-winter period. In 2025, the plan is to overhaul and repair more than 2,900 kilometres of overhead and cable lines, as well as repair 1,917 transformer substations.

The work will also include the replacement of...

Bishkek Electricity Networks Enterprise launched a repair campaign to prepare the power grid for the next autumn-winter period. In 2025, the plan is to overhaul and repair more than 2,900 kilometres of overhead and cable lines, as well as repair 1,917 transformer substations.

The work will also include the replacement of...

Agriculture

11.03.2025

Ayil Bank introduces Financing Agriculture-13 program based on Islamic principles

Aiyl Bank announced the launch of the state programme Financing Agriculture-13 based on Islamic principles of financing.

The programme operates under the fully Shariah-compliant Murabaha mechanism and provides agrarians with financing of up to KGS1 million for up to 36 months. The initiative targets livestock farmers for raising livestock and poultry,...

Aiyl Bank announced the launch of the state programme Financing Agriculture-13 based on Islamic principles of financing.

The programme operates under the fully Shariah-compliant Murabaha mechanism and provides agrarians with financing of up to KGS1 million for up to 36 months. The initiative targets livestock farmers for raising livestock and poultry,...

11.03.2025

Total sown area in Kyrgyzstan amounts to 1.2 mln hectares

This year, the area of unused arable land will be decreased in Kyrgyzstan, and the total sown area amounts to 1 million 250.0 thousand hectares, which is 3.3 thousand hectares more than last year, the Ministry of Agriculture reported.

According to the department, previously unused agricultural land amounted to 43.0 thousand...

This year, the area of unused arable land will be decreased in Kyrgyzstan, and the total sown area amounts to 1 million 250.0 thousand hectares, which is 3.3 thousand hectares more than last year, the Ministry of Agriculture reported.

According to the department, previously unused agricultural land amounted to 43.0 thousand...

Oil and Gas Sector

11.03.2025

Kyrgyzstan’s state oil reserves provide only quarter of required volume of diesel for field works at 65 KGS

The area of unused arable land in Kyrgyzstan will decrease by 3.3 thousand hectares in 2025 to 35.7 thousand hectares. The total cultivated area will increase by 3.3 thousand hectares and reach 1 million 250 thousand hectares. In 2023, unused land will amount to 43 thousand hectares, and in 2024...

The area of unused arable land in Kyrgyzstan will decrease by 3.3 thousand hectares in 2025 to 35.7 thousand hectares. The total cultivated area will increase by 3.3 thousand hectares and reach 1 million 250 thousand hectares. In 2023, unused land will amount to 43 thousand hectares, and in 2024...

Communications and Transportation

11.03.2025

Bishkek plans to build first rotary parking system to alleviate space constraints

Bishkek Mayor Aibek Junushaliev familiarised himself with the project of installing the first rotary parking in the capital. The new car park will be located on the territory of the market Orto-Sai on Bezymyannaya Street.

There, specialists of the Municipal Parks, Stations and Markets MP together with Mogilevliftmash are installing a...

Bishkek Mayor Aibek Junushaliev familiarised himself with the project of installing the first rotary parking in the capital. The new car park will be located on the territory of the market Orto-Sai on Bezymyannaya Street.

There, specialists of the Municipal Parks, Stations and Markets MP together with Mogilevliftmash are installing a...

Real Estate and Construction

11.03.2025

Kyrgyzstan intends to shorten waiting lists for apartments

President of Kyrgyzstan Sadyr Zhaparov in an interview with the state agency Kabar told when budgetary workers will start receiving their flats from the State Mortgage Company (SMC).

Due to the fact that the SMC is massively issuing mortgages on a shared basis, the queue of state employees is not moving,...

President of Kyrgyzstan Sadyr Zhaparov in an interview with the state agency Kabar told when budgetary workers will start receiving their flats from the State Mortgage Company (SMC).

Due to the fact that the SMC is massively issuing mortgages on a shared basis, the queue of state employees is not moving,...

Regional News

11.03.2025

Expenditures on National Projects in Russia total $10.7 bln as of March 1

The following National Projects take the lead in terms of utilizing expenditures: Human Resources (49.3%), Environmental Welfare (24%), Family (21.2%), and Long And Active Life (20.7%)

MOSCOW, March 10. /TASS/. Expenditures from the federal budget for the implementation of National Projects in Russia amounted provisionally to 941 bln rubles ($10.7 bln)...

The following National Projects take the lead in terms of utilizing expenditures: Human Resources (49.3%), Environmental Welfare (24%), Family (21.2%), and Long And Active Life (20.7%)

MOSCOW, March 10. /TASS/. Expenditures from the federal budget for the implementation of National Projects in Russia amounted provisionally to 941 bln rubles ($10.7 bln)...

11.03.2025

Container shipments by Russian Railways up 3.2% in 2M 2025

Container traffic over the Russian Railways network gained 3.2% year-on-year to 1.288 mln TEU [20 ft container equivalent - TASS] in January - February 2025, the Russian railway operator says.

"In January - February 2025, 1.288 mln TEUs were carried in all kinds of services over the network of Russian Railways,...

Container traffic over the Russian Railways network gained 3.2% year-on-year to 1.288 mln TEU [20 ft container equivalent - TASS] in January - February 2025, the Russian railway operator says.

"In January - February 2025, 1.288 mln TEUs were carried in all kinds of services over the network of Russian Railways,...

11.03.2025

Bank of Russia lowers dollar rate to 88.39 rouble for March 11

The Bank of Russia set the official dollar rate at 88.3872 rouble for March 11, down seventy-nine kopecks against the previous indicator.

The official euro rate was reduced by 1.42 rouble to 95.4443 rouble. The official yuan rate is fixed at 12.0798 rouble, down sixteen kopecks against the prior figure.

The Central...

The Bank of Russia set the official dollar rate at 88.3872 rouble for March 11, down seventy-nine kopecks against the previous indicator.

The official euro rate was reduced by 1.42 rouble to 95.4443 rouble. The official yuan rate is fixed at 12.0798 rouble, down sixteen kopecks against the prior figure.

The Central...

11.03.2025

Russian stock indices in the green on Monday

Russian stock indices ended the trading session on Monday with a rising trend, according to market data.

The ruble-denominated MOEX Russia Index ticked up by 1.07% to 3,200.81 points. The dollar-denominated RTS Index gained 1.93% to 1,140.8 points. The yuan lost twenty-five kopecks to 11.88 rubles.

"The Russian market continues trading at...

Russian stock indices ended the trading session on Monday with a rising trend, according to market data.

The ruble-denominated MOEX Russia Index ticked up by 1.07% to 3,200.81 points. The dollar-denominated RTS Index gained 1.93% to 1,140.8 points. The yuan lost twenty-five kopecks to 11.88 rubles.

"The Russian market continues trading at...