Our People > Anton Chipegin

Anton Chipegin

Anton was born and grew up in Bishkek, Kyrgyzstan. He worked as a television correspondent, editor and TV presenter on the main television channels of the republic, such as NTS and MIR 24, and also as an economic observer at international news agencies and other media resources of Kyrgyzstan.

Articles

Excise Tax Revenues

Alcohol and Tobacco Lead Kyrgyzstan’s Excise Tax Revenues

Alcohol and tobacco products continue to be the primary sources of excise tax revenue for Kyrgyzstan’s state budget, according to the Ministry of Finance’s final report on budget revenues for the first 11 months of 2025. The report highlights excise taxes as one of the most stable and predictable sources of state income. From January through November 2025, total excise tax revenues exceeded $222 million. Alcohol producers remain the top contributors. During the reporting period, they transferred $38 million to the budget. Vodka producers accounted for the largest share at $25.5 million, while breweries contributed approximately $9.4 million. Producers of brandy, wine, and other alcoholic beverages paid significantly less. As a result, the alcohol sector continues to lead all industries in excise tax contributions. Despite reduced domestic production, tobacco companies dominate excise revenues from imports. In the same period, excise taxes on tobacco products imported from Eurasian Economic Union (EAEU) countries brought in $101 million, with an additional $4.4 million from imports originating outside the EAEU. Revenue is no longer limited to traditional cigarettes. The report notes contributions from heated tobacco products and electronic cigarettes. While their current share remains modest, steady annual growth in excise payments for these categories points to shifting consumer habits. Kyrgyz authorities consider excise taxes on alcohol and tobacco not only a fiscal mechanism, but also a tool of social policy. Gradual increases in tax rates are intended to simultaneously boost revenue and, according to government projections, reduce consumption of harmful products. The state's role in the alcohol sector warrants particular attention. In early 2023, the country’s largest alcohol producer, Ayu, along with its distilleries and vodka factories, was voluntarily transferred to state ownership. Since then, smaller industry players have voiced concern that the government may incrementally tighten its grip on the sector and effectively establish a monopoly. Overall, the data confirm that so-called “harmful” goods, alcohol and tobacco, remain the most lucrative sources of excise tax revenue for the Kyrgyz budget.

5 months ago

Economic Growth

Development Spending in Kyrgyzstan Surpasses Social Spending for the First Time

The Kyrgyz government has reported strong economic performance in 2025, highlighting robust GDP growth and strengthened public finances. At a year-end meeting, Chairman of the Cabinet of Ministers Adylbek Kasymaliev announced that all state objectives had been met despite challenging conditions. According to Kasymaliev, gross domestic product is expected to grow by more than 10% by year’s end, positioning Kyrgyzstan among the global leaders in economic growth. The country’s GDP reached $20.5 billion, and for the first time in its history, the consolidated budget surpassed $11.5 billion. A budget surplus of $392 million was recorded, which Kasymaliev described as a sign of growing financial stability. He emphasized the country’s accelerated infrastructure development, with 341 new facilities commissioned in 2025. Projects include roads, parks, cultural and sports centers, and residential buildings, many implemented under State Mortgage Company initiatives. Notably, for the first time, development expenditures outpaced social expenditures, a shift aligned with the recommendations of international financial institutions. Macroeconomic improvements were also supported by data from the National Bank of Kyrgyzstan. As of the third quarter of 2025, the banking sector showed strong lending growth: the overall loan portfolio rose by 10.5% over the quarter and approximately 33% year-on-year. Consumer loans made up the largest share at 16.6%, followed by mortgages at 10.5% and agricultural loans at 3.1%. Expansion in the construction sector has been driven by both state spending and foreign investment. Meanwhile, the dollarization of the loan portfolio continued to decline, falling to 17.8% from over 20% at the start of the year. “High activity among the population and businesses has contributed to an increase in lending in the national currency over the nine months of 2025,” the National Bank stated.

5 months ago

Logistics

U.S. Logistics Companies Look to Kyrgyzstan for Talent and Digital Solutions

Kyrgyzstan recently hosted CABXPO-2025, an international business and logistics forum that highlighted the country’s growing role as a point of interaction between Central Asia and global logistics markets. Held with the participation of the High-Tech Park, the forum brought together more than 500 companies from across the region. The Park, operational for over a decade, has become a key pillar of Kyrgyzstan’s expanding digital economy. One of the most notable aspects of CABXPO-2025 was the presence of senior executives and owners from major American freight companies. Their visit to Bishkek provided a platform for exchanging industry expertise, recruiting talent, exploring digital logistics solutions, and attracting Kyrgyz dispatchers to work with the United States freight market. According to Chubak Temirov, Deputy Director of the High-Tech Park, the forum stood out for its inclusion of investors from Silicon Valley, who expressed interest in identifying promising IT startups in Kyrgyzstan and other Central Asian countries. Nevertheless, a large portion of attendees represented transport and logistics businesses, particularly those operating in the U.S. market. Temirov noted that long-haul truck driving remains one of the most in-demand professions among Kyrgyz labor migrants heading to the U.S. and Europe. In recent years, several Kyrgyz nationals have successfully established their own transport companies in the U.S., managing fleets of hundreds of trucks. These examples of social mobility have become an important source of motivation for younger generations. [caption id="attachment_41411" align="alignnone" width="300"] @TCA[/caption] At the expo, several American companies with Kyrgyz roots were actively recruiting. Many base their dispatch operations in Bishkek or Osh while managing freight movements across the U.S. Forum participants were able to enroll in two-month dispatcher training programs, with company representatives offering employment upon completion. Aidar Abitov, a representative of a U.S.-based freight carrier, told The Times of Central Asia that his company operates more than 600 trucks and continues to expand. While the physical transportation takes place in the U.S., the company’s dispatch and technical support operations are located in Bishkek. Employees undergo training in areas such as cargo booking, transport coordination, and working with brokers, becoming official members of the U.S. company without leaving Kyrgyzstan. English proficiency remains a key requirement. The company’s medium-term goal is to support a fleet of 1,000 trucks. The forum also drew attention to IT innovations from Kyrgyzstan and Uzbekistan. A team from Tashkent showcased real-time software for monitoring cargo and vehicle fleets. The system tracks truck locations, vehicle condition, and driver behavior, including signs of fatigue or drowsiness. According to the developers, their solutions are already in use by thousands of logistics companies in the U.S., managing tens of thousands of trucks. One of the developers, Azimjon Akhmadjonov, told The Times of Central Asia that participating in CABXPO was primarily an opportunity to exchange ideas and build professional networks. He highlighted the role of such events in connecting Kyrgyz and Uzbek professionals working in the United States and in helping form a cross-border community of experts. The Kyrgyz government has positioned forums such as CABXPO as...

5 months ago

Investments

Average Annual Investment in Kyrgyzstan Grows by 140%

Average annual investment in Kyrgyzstan has increased by 140% in recent years, Prime Minister Adylbek Kasymaliyev announced at an investment forum held in Bishkek. The event brought together representatives from various sectors of the Kyrgyz economy, including construction, tourism, the agro-industrial complex, the jewelry industry, and associations of suppliers and distributors. Heads of development funds offering preferential financing to domestic businesses also participated. Kasymaliyev acknowledged that the state's previous involvement in attracting investment to the private sector had been fragmented. However, this is changing under Kyrgyzstan’s new investment strategy, a comprehensive, state-level framework designed to draw both domestic and foreign capital. As a result of recent reforms, the prime minister stated that Kyrgyzstan’s gross domestic product has nearly tripled over the past five years. GDP growth for the first 11 months of 2025 stood at 10.2%. "We expect promising initiatives from you. Only through joint efforts can we lay a solid foundation for a dynamic and competitive economy," Kasymaliyev said, addressing the business community. He also emphasized the importance of continuous dialogue between government agencies and the private sector to maintain a stable investment flow. “For any state, investment is the main source of economic growth, stability, and development. In the current environment, time is the investor's main asset, and the country's internal stability is the key to the success of both state and business,” he said. Kasymaliyev identified several priority sectors for attracting investment, including hydropower, logistics, agriculture, mining, IT, the halal industry, tourism, and pharmaceuticals. Rustam Baltabaev, Executive Director of the Association for the Development of the Agro-Industrial Complex, told The Times of Central Asia that while relevant legislation is necessary, it alone is not sufficient to foster a favorable investment climate. The decisive factor, he argued, is sustained, constructive dialogue between the government and the business sector. “The investment climate is defined not by declarations, but by the practical conditions under which businesses operate,” Baltabaev said. “It includes the speed and cost of launching a project, the time required to obtain permits, predictable regulations, protection of property rights, infrastructure, access to financing, human capital, and fair competition. Business associations play a key role by channeling investor concerns into actionable regulatory solutions.” Participants at the forum noted that entrepreneurs have previously criticized the government for inadequate support. However, many expressed cautious optimism that new approaches and improved cooperation between the public and private sectors could signal a shift. Both government officials and business leaders agreed that mutual respect and policy consistency are critical to attracting new foreign investors to Kyrgyzstan.

6 months ago

Gold Mining

Kyrgyzstan Advances Underground Project at Kumtor Mine

The state-owned Kumtor Gold Company, Kyrgyzstan's largest gold mining asset, has announced the high efficiency of its new underground mining operations. According to the company, up to 5 grams of gold can be extracted from each ton of ore mined using the underground method. Experts believe this yield is sufficient to ensure the long-term viability of the deposit. Although underground mining was officially launched in August 2025, actual excavation began in February. In a response to The Times of Central Asia, the company reported that geological reserves in the underground zones of Kumtor are estimated at 147 tons of gold, enabling the mine to remain operational for at least another 17 years. “Two tunnels are currently being developed. Poor ore is being mined at the moment, and the system is reaching its design capacity. Full-scale production will be achieved in the coming years,” the company stated. To date, over 1.5 kilometers of underground tunnels have been excavated at Kumtor. Operations continue around the clock, with special equipment transporting ore out of the mine every ten minutes. To maintain a safe working environment in the high-altitude, cold conditions, warm air is pumped into the tunnels to ensure worker comfort and safety. Kumtor was nationalized in 2022 after nearly 30 years of operation by the Canadian company Centerra Gold. The previous operator had planned to complete mining operations in 2024 and begin land reclamation. While underground mining was explored in 2015, it was deemed unprofitable at the time, in part due to low global gold prices. Today, gold is trading at approximately $4,280 per ounce, around $1,000 more than five years ago. This price increase has significantly improved the profitability of underground extraction, making the project economically viable.

6 months ago

Tourism

“Winter Begins in Karakol”: Kyrgyzstan Launches Ski Season with Cultural Events

The winter tourist season has officially opened in Karakol, Kyrgyzstan, long considered one of Central Asia’s top destinations for active winter tourism. The city is traditionally the first in the country to open its ski slopes, and this year’s launch was not merely technical, but a full-scale event aimed at boosting both domestic and international tourism. A festive program was held at the ski base, featuring music and dance performances, as well as the launch of the “Jaryk Fest” festival. Local artisans hosted master classes in felt-making, showcasing clothing and souvenir production. This crafts section played an important role in positioning the region as a cultural as well as an adventure destination. [caption id="attachment_40525" align="aligncenter" width="402"] @TCA[/caption] “Jaryk Fest is a celebration of light, snow, and vivid emotions. It’s timed to coincide with the opening of the winter season across Kyrgyzstan. We even have a slogan: ‘Winter begins in Karakol,’” said Ulukbek Almakebek, manager of the Karakol ski resort, in an interview with The Times of Central Asia. According to the organizers, the resort continues to draw tourists from Russia and Kazakhstan, but recent years have seen a notable rise in visitors from Europe and Southeast Asia, a trend that Kyrgyzstan is actively encouraging by expanding its winter tourism offerings. Skiers highlight Karakol’s unique terrain as one of its main attractions. Many of the trails pass through dense coniferous forests, creating picturesque and varied descents not found at other regional resorts. Erdenet Kasymov, director of the Kyrgyzstan Tourism Department, noted that winter tourism is rapidly diversifying. In addition to traditional skiing and hot springs, European tourists are increasingly opting for mountain hiking and horseback riding. [caption id="attachment_40526" align="aligncenter" width="396"] @TCA[/caption] “Tourists from South Korea and India are particularly drawn to snowshoeing in deep snow. It’s a relatively new form of recreation, but one that’s quickly gaining popularity,” Kasymov said. One emerging trend is winter yachting on Issyk-Kul Lake. Because the lake does not freeze in winter, it offers an extended season and opportunities for new types of recreation. Two modern yachts have already been acquired for the region, and work is ongoing to restore older vessels and build docks and piers. This approach aligns with a vision outlined by President Sadyr Japarov, a native of the Issyk-Kul region, who has previously called for moving beyond the traditional separation of “winter” and “summer” tourism. According to Japarov, Kyrgyzstan is building a model of year-round tourism designed to take advantage of the country’s diverse natural offerings.

6 months ago

Import

Over Half a Million Tons of Cargo Blocked from Entering Kyrgyzstan in 2025 Over Phytosanitary Violations

In the first 11 months of 2025, Kyrgyzstan’s Department of Plant Protection, Quarantine, and Chemicalization detected 35 cases of non-compliance with phytosanitary requirements at border checkpoints. As a result, 562.5 tons of agricultural cargo were denied entry and returned to the countries of origin. According to the agency, authorities also blocked the import of more than 70,000 plant seedlings, over 11,000 flowers, and 136 cubic meters of lumber. Diplomatic notes regarding the violations were formally sent to China and the Netherlands. Violating shipments were either returned, destroyed, or decontaminated, the agency said. Officials emphasized that phytosanitary controls are a vital component of the country’s environmental safety strategy. These measures are intended to prevent the entry of dangerous quarantine organisms and to safeguard Kyrgyzstan’s agricultural sector and export capabilities. Border Challenges with Kazakhstan and Russia Despite efforts to maintain phytosanitary integrity, Kyrgyz exporters continue to face challenges at regional borders. A significant portion of Kyrgyz agricultural exports transit through Kazakhstan to reach Russia. However, Russian authorities frequently reject these shipments, citing non-compliance with their own import standards. This has led to growing criticism of Kyrgyz representatives at the Eurasian Economic Commission, with farmers accusing them of failing to effectively advocate for the interests of domestic producers. In response, the Department of Plant Protection and Quarantine has increased outreach to farmers and freight carriers, urging them to meet export quality standards and ensure that accompanying documents are completed correctly. Compounding the issue, cargo delays at the Kyrgyz-Kazakh border remain common, with transport operators sometimes waiting for several weeks. Similar bottlenecks occur periodically at the Kazakhstan-Russia border. Many Kyrgyz businesses view these delays as unjustified, given that Kyrgyzstan, Kazakhstan, and Russia are all members of the Eurasian Economic Union (EAEU), which guarantees the free movement of goods among member states.

6 months ago

Kyrgyzstan Elections

Kyrgyzstan Early Parliamentary Elections See 36.9% Voter Turnout

Kyrgyzstan held early parliamentary elections on November 30, with voter turnout reaching 36.9%, according to the Central Election Commission (CEC). Of the 4,294,000 registered voters, more than 1.5 million cast their ballots. Polling stations across the country and abroad closed at 8:00 p.m. local time. While an automated accounting system (AAS) was used during the voting process, Kyrgyz electoral law requires that electronic results be verified against manual counts. Members of precinct commissions conducted manual ballot counts after the polls closed. The CEC reported receiving 269 complaints regarding potential violations of electoral law during the campaign. These included 124 reports of campaign violations, 37 of the dissemination of defamatory information about candidates, eight related to the alleged use of administrative resources, 46 concerning possible vote buying, and 54 involving other types of violations. There were also reports of equipment malfunctions at several polling stations. Nevertheless, the CEC declared the elections valid. Elected candidates began receiving congratulations on December 1. The 2025 early elections marked a significant change in Kyrgyzstan’s electoral process. Party-list voting was fully abolished, and all candidates ran in single-mandate constituencies. President Sadyr Japarov cast his vote in Bishkek. He noted that the fully automated voting process this year significantly reduced opportunities for human interference in election outcomes. Japarov emphasized that citizens could vote using digital passports via the Tunduk app, and biometric registration took only a few minutes. While acknowledging that vote buying remains a challenge, Japarov stated that relevant authorities are responding quickly to any such incidents. He also noted that efforts to ensure the participation of Kyrgyz citizens abroad included doubling the number of overseas polling stations. A total of 100 polling sites were opened internationally, including in Russia, the United States, Kazakhstan, and several European countries.

6 months ago

Economy

Kyrgyz Authorities Tighten Control Over Meat Prices

Temporary state regulation of meat prices has been in effect in Kyrgyzstan for several months. Inspectors fine sellers who exceed the permissible price caps. The first violation typically results in a warning. The Ministry of Economy and Commerce recently extended the regulation. The price controls were due to expire last week, but officials argue that without oversight, rising meat prices could trigger an increase in the cost of other goods and the broader consumer basket. In Bishkek, the government has set maximum retail prices at $7.50 per kilogram for lamb and $7.70 for beef. Price caps in the regions are slightly lower. According to sellers, rising prices are driven not by profit motives but by external pressures, prolonged drought, higher fuel prices, increased transportation costs, and a surge in meat exports, especially to Uzbekistan. “Meat is indeed becoming more expensive, mainly because it is being exported abroad. We need to provide for ourselves first. When we sell at state-set prices, it becomes unprofitable, we operate at a loss. We still have to pay rent, electricity, patent fees, security, and water,” said Mirlan Tursunaliyev, a meat seller in Bishkek, speaking to The Times of Central Asia. He added that vendors hope the price caps will be revised to better reflect their operational costs. Officials from the Antimonopoly Regulation Service note that some sellers are unwilling to comply with legal requirements such as submitting documents, updating price tags, or paying fines. In some cases, enforcement raids are carried out jointly with police. According to the agency, meat prices in Kyrgyzstan typically rise between May and September. Authorities expect demand to decline toward the end of the year, as is customary in winter. A seasonal drop in demand could also bring down production costs.

7 months ago

Electricity

Energy-Saving Measures Introduced in Kyrgyzstan: Who Will Be Affected?

Kyrgyzstan's Cabinet of Ministers has implemented a series of measures aimed at improving energy efficiency and ensuring the rational use of electricity. The move comes amid an electricity shortage caused by persistently low water levels in the country’s main reservoirs. What’s Happening? Officials have reported a record surge in electricity consumption this year, coupled with a continuing regional drought. In response, the government has ordered a restriction on indoor and outdoor lighting between 6p.m. and 6a.m. However, the Cabinet emphasized that the new measures will not apply to strategic facilities, 24-hour operations, or institutions responsible for defense, security, health care, social services, or other critical public functions. “These measures do not affect processes essential to the technological operation of buildings,” stated the government’s press service. According to official estimates, the restrictions could save approximately 40 million kilowatt-hours of electricity per month. This year, Kyrgyzstan has already recorded electricity consumption that exceeds last year’s figures by 1 billion kilowatt-hours. The government attributes the increased demand to the launch of new industrial enterprises, the expansion of social and educational institutions, and ongoing residential construction. The situation is further worsened by declining water inflow to the Naryn River, which feeds the Toktogul Reservoir and its namesake hydroelectric plant. The reservoir's water level is currently 2 billion cubic meters lower than it was during the same period last year. “The Cabinet’s primary objective is to ensure rational water use in the Toktogul Reservoir and reduce the load on the energy system,” the government said. The goal is to prevent the reservoir from reaching a critical low. Who Will Be Responsible? The Ministry of Energy has mandated that all government agencies and state-owned entities switch off power in the evenings and at night once staff have left their workplaces. Heads of municipal bodies and public institutions will bear personal responsibility for any violations of the new regulations. How Are Residents Responding? For now, residents in the private sector report that little has changed. However, there are growing concerns that household power limits may soon be tightened. “They say our electricity consumption will be restricted. It used to be capped at 5 kilowatts at a time, but now they’re talking about reducing it to 3. That would make things much harder, especially if it’s a cold winter,” said Alexander Verkholantsev, a resident of central Bishkek, who spoke with The Times of Central Asia. Authorities have already announced that electricity restrictions for residential consumers during peak hours will be in place from October 2025 through March 2026. Despite this, many households still exceed the 3-kilowatt threshold.

7 months ago

1 2 3 … 27 Next