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Tag: Kyrgyzstan

Posted on March 3, 2025

WB to raise funds for Kyrgyzstan’s Kambarata-1 HPP project

BISHKEK, Kyrgyzstan, March 3. The World Bank (WB) is expected to allocate $1.5 billion for the main construction work on the Kambarata-1 hydropower plant in Kyrgyzstan for the three countries …
Posted on March 2, 2025

Why Kyrgyzstan is betting on a gold-backed stablecoin in the digital currency race

Kyrgyzstan launches a gold-backed stablecoin that prioritizes transparency, financial inclusion and real-world utility over centralized control …
Posted on March 2, 2025

Why Kyrgyzstan is betting on a gold-backed stablecoin in the digital currency race

Kyrgyzstan launches a gold-backed stablecoin that prioritizes transparency, financial inclusion and real-world utility over centralized control …
Posted on March 2, 2025

Republican budget of Kyrgyzstan records surplus in 2024

BISHKEK, Kyrgyzstan, February 27. The republican budget of Kyrgyzstan achieved a surplus of 33.51 billion soms ($383 million) in 2024, Trend reports via the Ministry of Finance of Kyrgyzstan.
Posted on March 1, 2025

Kyrgyzstan’s banking sector sees growth in deposit base

BISHKEK, Kyrgyzstan, March 1. The total deposit base of Kyrgyzstan’s banking sector reached 592.4 billion soms ($6.7 billion) in 2024, which is an increase of 37.3 percent compared to the end of 2023 …
Posted on March 1, 2025

Kyrgyzstan’s banking sector sees growth in deposit base

BISHKEK, Kyrgyzstan, March 1. The total deposit base of Kyrgyzstan’s banking sector reached 592.4 billion soms ($6.7 billion) in 2024, which is an increase of 37.3 percent compared to the end of 2023 …
Posted on March 1, 2025

MBANK – The First Digital Bank in Kyrgyzstan with International Operations

The banking industry in central Kyrgyzstan is changing due to a digital revolution. The nation’s first digital bank, MBANK, has quickly become a leader by fusing innovation with services that are …
Posted on February 23, 2025

EBRD casting wider net with its loan portfolio for Kyrgyzstan

BISHKEK, Kyrgyzstan, February 23. The European Bank for Reconstruction and Development (EBRD) had an active loan portfolio of 255 million euros for its projects in Kyrgyzstan as of December 31, 2024, …
Posted on February 15, 2025

Kyrgyzstan preps core enterprises for strategic rollout in 2025

BISHKEK, Kyrgyzstan, February 15. The Cabinet of Ministers of Kyrgyzstan has approved a list of 128 industrial, agricultural, energy, mining, and pharmaceutical enterprises that will be launched in …
Posted on February 11, 2025

Kyrgyz MFA speaks on citizens’ banking challenges in Russia

The Ministry of Foreign Affairs of Kyrgyzstan has commented on the blocking of Russian bank cards for Kyrgyz citizens residing in Russia, Trend reports. According to the statement, starting February 5 …

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