Authors

Мария Индина

Главный редактор

Kyrgyzstan has received less remittances. Is there a link to restrictions in Kyrgyz banks?
In September, natural persons transferred $284.8 million to Kyrgyzstan. This is less than the previous month. Interestingly the decrease in receipts coincided with the decision of several Kyrgyz banks to suspend accepting remittances through the biggest banks in Russia.
11/11/2024, 9:00:49 AM
A new era in the energy sector: Kyrgyzstan has completed CASA-1000 construction
The country has almost completed construction of its part of the energy infrastructure under the CASA-1000 project. The project is designed to link the energy systems of Central Asia with South Asia - Kyrgyzstan, Tajikistan with Afghanistan and Pakistan. It will enable the development of mechanisms for electricity trade in compliance with international standards. Altynbek Rysbekov, General Directo
11/4/2024, 11:15:08 AM
Baidu stock growth potential: AI technologies, cloud services and autonomous driving
Baidu Inc. (NASDAQ: BIDU), one of China's leading technology companies, continues transforming its business by concentrating on artificial intelligence (AI) innovations and autonomous driving. This allows the company to significantly reduce its dependence on advertising and strengthen its position in high-tech segments. The use of AI not only diversifies revenue sources but also improves the overa
11/1/2024, 11:22:41 AM
Kyrgyzstan will allocate a record sum of stimulus grants to social infrastructure
Kyrgyzstan has seen a marked increase in social and economic project funding under the programme of stimulus grants allocated from the national budget. In 2024, a record 1.5 billion KGS will be earmarked for this purpose, opening up new opportunities for infrastructure development in the country's various regions.
10/22/2024, 8:42:52 AM
The National Bank of the Kyrgyz Republic has doubled its gold and foreign exchange reserves over the past seven years
Since the beginning of the year, Kyrgyzstan's international reserves have increased by almost $1bn, reaching a historic high of $4.3bn at the end of September. This figure has become the highest in the country's history.
10/17/2024, 1:22:37 AM
Demand for cloud technologies: why CrowdStrike shares deserve attention
The market for cloud services is snowballing as companies are actively adopting this technology. In 2023, according to Edge Delta, more than 94% of companies worldwide applied cloud computing, and it is predicted that by 2025, nearly 50% of all data will be stored in the cloud.
10/10/2024, 9:06:56 AM
Car insurance in Kyrgyzstan: personal experience and lessons learnt from real-life situations
In Kyrgyzstan, the Compulsory Motor Third Party Liability Insurance (CMTPL) system will be fully operational from 1 January 2025, including fines for the policy's absence. Currently, CMTPL insurance is mandatory only for vehicle registration and re-registration.
10/10/2024, 5:45:22 AM
Reshuffle in the top: the banking sector of Kyrgyzstan is on the threshold of new leaders
Eight months of work were successful for the banking sector of Kyrgyzstan. According to their results, commercial banks did not just earn good money, some of them managed to improve their financial position in relation to the same period of 2023. This affected the balance of power among the largest banks in the country.
10/3/2024, 11:19:02 AM

Latest News

The dollar decreased in price at currency trades

Daily trading statistics demonstrate commercial banks purchased $8 million in interbank currency trading on September 16.

The dollar and the euro have again dropped significantly against the ruble. Central Bank rates

The Bank of Russia has published the official rates of foreign currency to the Russian ruble for September 4.

Som strengthened against all major currencies

The National Bank of Kyrgyzstan published daily official exchange rates for August 30.

Construction of a fish processing plant started in Chui oblast

In the village of Ak-Jol, Sokuluk district, Chui region, a capsule was laid for the construction of a plant for processing fish and fish products of Wilby LLC. To implement this project, the Russian-Kyrgyz Development Fund (RKDF) allocated 134 million 250 thousand soms to the company.

Pay your taxes without queues and commissions with BakAi!

Have you already paid your taxes? There is not much time left till September 1, and if you don't want to waste your precious time on queues, BakAi Bank has a great solution for you! Now you can deal with your taxes quickly and cost-effectively.

Excise revenues from alcohol increased by 292 mln soms