In recent years, demand for consumer loans has increased markedly in Kyrgyzstan. While in early 2020 banks were issuing about 1.5-2 billion KGS per month, by the end of 2024 this figure increased 10-fold, reaching a record 18.1 billion KGS in December.
Especially sharp growth occurred in 2023-2024, when the volume of loans issued per month exceeded 10 billion som per month.
Traditionally, December remains the month of maximum demand in 2024, the amount of loans issued amounted to 18.1 billion KGS. This is three times more than in December 2021. This is due to increased spending from the pre-holiday period, which provokes an increase in demand for loans.
Despite the growth in lending, the average rate on consumer loans remains high. In January 2020, the average interest rate on consumer loans was 24.25% and by December 2021, it had fallen to 14.27%. However, rates began to rise again as early as 2022, reaching 20.81% in December 2024. At the beginning of 2025, the rate remained at a high level 21.69% in January and 21.2% in February.
Reported by Akchabar (Kyrgyzstan).
Kyrgyzstan ranked 127th out of 192 countries in the Brand Finance ranking on the value of nation brands of countries around the world.
According to the report, the United States of America remains the most valuable nation brand with an estimate of $37.3 trillion, showing an increase of 16 percent. China...
Kyrgyzstan ranked 127th out of 192 countries in the Brand Finance ranking on the value of nation brands of countries around the world.
According to the report, the United States of America remains the most valuable nation brand with an estimate of $37.3 trillion, showing an increase of 16 percent. China...
On March 25, 2025, Deputy Minister of Foreign Affairs of Kyrgyzstan, Meder Abakirov, met with President of the France–Central Asia Friendship Group of the French Senate, Herve Maurey, in Paris.
During the conversation, the parties discussed a wide range of issues of Kyrgyz-French cooperation, paying special attention to strengthening inter-parliamentary ties.
It...
On March 25, 2025, Deputy Minister of Foreign Affairs of Kyrgyzstan, Meder Abakirov, met with President of the France–Central Asia Friendship Group of the French Senate, Herve Maurey, in Paris.
During the conversation, the parties discussed a wide range of issues of Kyrgyz-French cooperation, paying special attention to strengthening inter-parliamentary ties.
It...
In the last three months of 2024, markets in Kyrgyzstan collected 791.6 million KGS for the use of trading places. Such data was presented by the National Statistical Committee.
The largest volume of revenues came to Bishkek, where the collection totalled KGS 516.6 million. This is not surprising, given that the...
In the last three months of 2024, markets in Kyrgyzstan collected 791.6 million KGS for the use of trading places. Such data was presented by the National Statistical Committee.
The largest volume of revenues came to Bishkek, where the collection totalled KGS 516.6 million. This is not surprising, given that the...
On March 25, a meeting was held in Paris between Deputy Foreign Minister of Kyrgyzstan Meder Abakirov and Diplomatic Advisor to the President of the French Republic Bertrand Bushwalter.
According to the Foreign Ministry, during the talks, the parties discussed the current state and prospects of Kyrgyz-French cooperation, paying special attention...
On March 25, a meeting was held in Paris between Deputy Foreign Minister of Kyrgyzstan Meder Abakirov and Diplomatic Advisor to the President of the French Republic Bertrand Bushwalter.
According to the Foreign Ministry, during the talks, the parties discussed the current state and prospects of Kyrgyz-French cooperation, paying special attention...
A special investment territory with a special legal regime is being created in Issyk-Kul region of Kyrgyzstan. The corresponding decree was signed by the President. The document was published on Toktom portal.
It was adopted in order to improve the investment climate in Kyrgyzstan, to ensure guarantees for the protection of...
A special investment territory with a special legal regime is being created in Issyk-Kul region of Kyrgyzstan. The corresponding decree was signed by the President. The document was published on Toktom portal.
It was adopted in order to improve the investment climate in Kyrgyzstan, to ensure guarantees for the protection of...
The repurchase price of an ounce of gold bullion bars of the National Bank of Kyrgyzstan for March 26 was set at 264 thousand 281 KGS.
A day earlier, the regulator bought back bars weighing 31.1035 grams from the population at KGS 263 thousand 445. Thus, an ounce rose in price...
The repurchase price of an ounce of gold bullion bars of the National Bank of Kyrgyzstan for March 26 was set at 264 thousand 281 KGS.
A day earlier, the regulator bought back bars weighing 31.1035 grams from the population at KGS 263 thousand 445. Thus, an ounce rose in price...
The Ministry of Economy and Commerce and the Eurasian Development Bank signed an agreement to provide technical assistance for the development of a pre-feasibility study (PFS) for the project for Construction of Suusamyr-Kokomeren HPP Cascade. This agreement continues the cooperation between the parties under the Memorandum of Cooperation signed in...
The Ministry of Economy and Commerce and the Eurasian Development Bank signed an agreement to provide technical assistance for the development of a pre-feasibility study (PFS) for the project for Construction of Suusamyr-Kokomeren HPP Cascade. This agreement continues the cooperation between the parties under the Memorandum of Cooperation signed in...
Work continues at Kambarata HPP-2 on the installation of a second hydro unit, which will be an important step in the development of Kyrgyzstan's energy sector. The plant was originally designed to operate with three units of 120 MW each. At the moment, only the first one is in operation,...
Work continues at Kambarata HPP-2 on the installation of a second hydro unit, which will be an important step in the development of Kyrgyzstan's energy sector. The plant was originally designed to operate with three units of 120 MW each. At the moment, only the first one is in operation,...
The Department of Livestock Breeding under the Ministry of Agriculture of Kyrgyzstan announced a tender for the supply of crops totalling KGS 49 million 999.8 thousand.
The tender includes four lots: Kostrets 12 million 740.9 thousand KGS, Sainfoin 12 million 279.4 thousand KGS, Pasture Ryegrass 12 million 660.1 thousand KGS, and...
The Department of Livestock Breeding under the Ministry of Agriculture of Kyrgyzstan announced a tender for the supply of crops totalling KGS 49 million 999.8 thousand.
The tender includes four lots: Kostrets 12 million 740.9 thousand KGS, Sainfoin 12 million 279.4 thousand KGS, Pasture Ryegrass 12 million 660.1 thousand KGS, and...
The gross output of agriculture, forestry and fisheries in January-February 2025 amounted to 26 billion 125 million som, according to data of the National Statistical Committee.
The physical volume index was 102.1%.
In the total volume of agricultural production in January-February of this year, livestock products amounted to 98.6%, crop production 0.7%,...
The gross output of agriculture, forestry and fisheries in January-February 2025 amounted to 26 billion 125 million som, according to data of the National Statistical Committee.
The physical volume index was 102.1%.
In the total volume of agricultural production in January-February of this year, livestock products amounted to 98.6%, crop production 0.7%,...
The Ministry of Digital Development and Innovative Technologies of Kyrgyzstan will open a backup data processing centre to enhance cybersecurity.
The ministry summed up the results of the work for the past year and outlined plans for the current period.
At year-end 2024, at least 37 government agencies provided services through the...
The Ministry of Digital Development and Innovative Technologies of Kyrgyzstan will open a backup data processing centre to enhance cybersecurity.
The ministry summed up the results of the work for the past year and outlined plans for the current period.
At year-end 2024, at least 37 government agencies provided services through the...
The AFK Analytical Centre has published a review of trade turnover between Kazakhstan and Russia for January-December 2024.
The trade turnover between Kazakhstan and Russia in 2024 increased by 3% compared to the same period last year to $27.8 billion due to an increase in imports (+8%), while exports to Russia...
The AFK Analytical Centre has published a review of trade turnover between Kazakhstan and Russia for January-December 2024.
The trade turnover between Kazakhstan and Russia in 2024 increased by 3% compared to the same period last year to $27.8 billion due to an increase in imports (+8%), while exports to Russia...
Russian enterprises and regions vary greatly in the degree of dependence on imports. In general, it is falling, but it is growing in some regions of Russia and in certain industries. The nature of this dependence is also changing the purchase of components is being replaced by a "link" to...
Russian enterprises and regions vary greatly in the degree of dependence on imports. In general, it is falling, but it is growing in some regions of Russia and in certain industries. The nature of this dependence is also changing the purchase of components is being replaced by a "link" to...
The Russian stock market on Wednesday, March 26, was growing inertially after the statements of the White House and the Kremlin published the day before. Thus, Russia and the United States have agreed on safe navigation in the Black Sea. In addition, the parties agreed on facilities subject to a...
The Russian stock market on Wednesday, March 26, was growing inertially after the statements of the White House and the Kremlin published the day before. Thus, Russia and the United States have agreed on safe navigation in the Black Sea. In addition, the parties agreed on facilities subject to a...
The Russian cruise market is steadily growing. Over the past five years, the number of tourists going on cruises on the country's rivers has doubled. The booking of foreign tours has also doubled.
Over the period from 2019 to 2024, we saw a doubling in the number of tourists, with regular...
The Russian cruise market is steadily growing. Over the past five years, the number of tourists going on cruises on the country's rivers has doubled. The booking of foreign tours has also doubled.
Over the period from 2019 to 2024, we saw a doubling in the number of tourists, with regular...
