A bonded zone was opened in Kashgar (PRC), which became a generator for the development of e-commerce and the export of domestic products to the Chinese market. The Ministry of Digital Development of Kyrgyzstan reported.
The bonded zone was opened as part of Two countries — Two Parks initiative between Kyrgyz Pochtasy OJSC, Naryn Free Economic Zone (FEZ) and Kashgar FEZ. The area of the facility is 7,500 square meters.
“Kyrgyzstan’s PM Akylbek Japarov, together with the General Director of Kyrgyz Pochtasy OJSC Marat Cherikchiev and other representatives of government bodies, visited the representative office of Kyrgyz Pochtasy OJSC in Kashgar, the bonded zone of Naryn FEZ, where the operator is Kyrgyz Pochtasy OJSC, and took part in the opening of the national pavilion Made in Kyrgyzstan, where domestic products are exhibited, which will be stored in the bonded zone and sent as goods sold through e-commerce,” the Ministry of Digital Development noted.
Implementation of Two Countries — Two Parks project will give a new impetus to the development of cooperation between the businesses of the two states, and will also advance it to a new, more technological level, as companies of the Kyrgyz Republic will be able to export quality goods to the largest market in the world.
The project represents an innovative study of the implementation of platform + park and institute + enterprise development models. It will enable the creation of 48-hour and 72-hour warehouse-to-warehouse direct transportation services for cross-border logistics between China and Kyrgyzstan.
By Meerimai Alybekova for 24.kg.
The Embassy of Japan and WFP signed an agreement aimed at helping low-income citizens. The Ministry of Labour, Social Security and Migration of Kyrgyzstan reported.
A trilateral meeting was held between the Minister of Labour, Social Security and Migration Gulnara Baatyrova with the Ambassador Extraordinary and Plenipotentiary of Japan Hideki Goda and the WFP Country Director in the Kyrgyz Republic...
The Embassy of Japan and WFP signed an agreement aimed at helping low-income citizens. The Ministry of Labour, Social Security and Migration of Kyrgyzstan reported.
A trilateral meeting was held between the Minister of Labour, Social Security and Migration Gulnara Baatyrova with the Ambassador Extraordinary and Plenipotentiary of Japan Hideki Goda and the WFP Country Director in the Kyrgyz Republic...
Chairman of the Cabinet of Ministers and Head of the Presidential Administration of the Kyrgyz Republic Akylbek Zhaparov met with a delegation of entrepreneurs from Germany, the press service of the Cabinet of Ministers reported.
The delegation arrived in Kyrgyzstan in order to continue and develop cooperation and study the country’s...
Chairman of the Cabinet of Ministers and Head of the Presidential Administration of the Kyrgyz Republic Akylbek Zhaparov met with a delegation of entrepreneurs from Germany, the press service of the Cabinet of Ministers reported.
The delegation arrived in Kyrgyzstan in order to continue and develop cooperation and study the country’s...
The dollar index was set for its sharpest weekly drop since mid-December on Friday ahead of U.S. payrolls data, as Federal Reserve Chair Jerome Powell sounded more confident about cutting interest rates in coming months.
Powell said the Fed was "not far" from the confidence it needed to cut rates. Currencies...
The dollar index was set for its sharpest weekly drop since mid-December on Friday ahead of U.S. payrolls data, as Federal Reserve Chair Jerome Powell sounded more confident about cutting interest rates in coming months.
Powell said the Fed was "not far" from the confidence it needed to cut rates. Currencies...
The State Committee for National Security of Kyrgyzstan announced the detention of the heads of commercial firms controlled by a crime boss Kamchybek Asanbek (alias Kamchi Kolbaev), which provided catering services at Kumtor mine.
In connection with the detention, Kumtor Gold Company CJSC commented that Grand Electronics Staff LLC was hired to provide services during the period of external management at the Kumtor...
The State Committee for National Security of Kyrgyzstan announced the detention of the heads of commercial firms controlled by a crime boss Kamchybek Asanbek (alias Kamchi Kolbaev), which provided catering services at Kumtor mine.
In connection with the detention, Kumtor Gold Company CJSC commented that Grand Electronics Staff LLC was hired to provide services during the period of external management at the Kumtor...
Gold prices were poised for their biggest weekly jump in five months on Friday, hovering near a historic high, as Federal Reserve Chair Jerome Powell's remarks cemented mid-year interest rate cut bets, ahead of a U.S. key jobs report later in the day.
Spot gold was flat at $2,157.32 per ounce,...
Gold prices were poised for their biggest weekly jump in five months on Friday, hovering near a historic high, as Federal Reserve Chair Jerome Powell's remarks cemented mid-year interest rate cut bets, ahead of a U.S. key jobs report later in the day.
Spot gold was flat at $2,157.32 per ounce,...
Iron ore prices dropped on Friday as lower-than-expected hot metal production and a persistent climb in portside inventories in top consumer China weighed on market sentiment.
The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.13% lower at 877 yuan ($122.00) a metric ton, a...
Iron ore prices dropped on Friday as lower-than-expected hot metal production and a persistent climb in portside inventories in top consumer China weighed on market sentiment.
The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.13% lower at 877 yuan ($122.00) a metric ton, a...
Copper prices extended gains to a fresh five-week peak on Friday on hopes that U.S. jobs data will provide scope for interest rate cuts and demand will recover in top metals consumer China.
Three-month copper on the London Metal Exchange was up 0.3% at $8,664 per metric ton by 1120 GMT...
Copper prices extended gains to a fresh five-week peak on Friday on hopes that U.S. jobs data will provide scope for interest rate cuts and demand will recover in top metals consumer China.
Three-month copper on the London Metal Exchange was up 0.3% at $8,664 per metric ton by 1120 GMT...
The German company W. Hass Future GmbH & Co is ready to invest more than EUR 300 million in the construction of solar power plants in Kyrgyzstan, the press service of the Chamber of Commerce and Industry of the Kyrgyz Republic reported.
The company was founded in 2017 and specializes in...
The German company W. Hass Future GmbH & Co is ready to invest more than EUR 300 million in the construction of solar power plants in Kyrgyzstan, the press service of the Chamber of Commerce and Industry of the Kyrgyz Republic reported.
The company was founded in 2017 and specializes in...
Chicago wheat inched higher on Friday, with short-covering supporting prices after recent declines. However, the market is on track for a second week of losses due to a lack of demand and plentiful global supplies.
Corn is poised for a third week of gains, while soybeans are up for a second...
Chicago wheat inched higher on Friday, with short-covering supporting prices after recent declines. However, the market is on track for a second week of losses due to a lack of demand and plentiful global supplies.
Corn is poised for a third week of gains, while soybeans are up for a second...
Oil prices rose on Friday, driven by growing demand in the United States and China, the world's biggest oil consumers, and as the U.S. Federal Reserve gave a positive signal on possibility of rate cuts.
Brent crude futures were up 0.45%, or 37 cents, at $83.32 a barrel at 0110 GMT....
Oil prices rose on Friday, driven by growing demand in the United States and China, the world's biggest oil consumers, and as the U.S. Federal Reserve gave a positive signal on possibility of rate cuts.
Brent crude futures were up 0.45%, or 37 cents, at $83.32 a barrel at 0110 GMT....
Europe is on track to end the winter with a record volume of gas in storage, which has pushed futures prices back to pre-crisis levels once inflation is taken into account.
The supply picture has been transformed from two years ago, when traders and policymakers were worried about possible gas shortages...
Europe is on track to end the winter with a record volume of gas in storage, which has pushed futures prices back to pre-crisis levels once inflation is taken into account.
The supply picture has been transformed from two years ago, when traders and policymakers were worried about possible gas shortages...
Further development of interregional mutual tourist flows was discussed at a meeting of representatives of the Consulate General of Uzbekistan with the head of the local company Munduz Tourist Umarzhon Yosiddinov in the city of Osh, Dunyo News Agency of the Ministry of Foreign Affairs of Uzbekistan reported.
Particular attention was...
Further development of interregional mutual tourist flows was discussed at a meeting of representatives of the Consulate General of Uzbekistan with the head of the local company Munduz Tourist Umarzhon Yosiddinov in the city of Osh, Dunyo News Agency of the Ministry of Foreign Affairs of Uzbekistan reported.
Particular attention was...
The Russian stock market closed the last trading of the shortened week on the positive side, although the dynamics turned out to be very weak. The Moscow Exchange index rose by 0.15% to 3,315.68 points, the RTS index gained 0.04% to 1,152.12 points. The main support for the market comes from dividend expectations; the current year promises to be a record year in terms of payments. Russian issuers are expected to collectively pay out a record 5 trillion rouble in 2024, almost double what they paid out in 2023. John Walsh, a senior analyst at Alfa Bank, points out that this will be a one-time attraction of unprecedented generosity, driven by the weakening rouble, boosting export earnings in 2023 and enabling record pay-outs from oil companies including SNGS, LKOH and SIBN. Another plus is the positive corporate news background, which does not allow the market to fall much even before the long weekend. The weakening of the rouble before the holidays, when investors traditionally shift into foreign currency, at the same time had a negative impact on the RTS index. “The external trading background for the Russian market today is very constructive new ECB inflation forecasts for 2024 and 2025 are being discussed in the Old World and overseas. Most foreign exchanges were in the black against this background,” noted Natalya Milchakova, leading analyst at Freedom Finance Global. An abundance of positive factors saved the market from falling, despite the shortened week. Investors are usually reluctant to stay in positions before a long weekend. Zarina Saidova, leading analyst of the stock analysis department of Finam Financial Group, Moscow Exchange Index notes that taking into account signs of technical overheating, the Moscow Exchange Index may correct in the short term to the level of 3275 points. The growth leaders were CIAN (+5%), TMK (+2.5%), M.video (+1.8%). HeadHunter (+1.5%), Moscow Exchange (+1.3%), TGK-1 (+1.2%), Sovcomflot (+1%). The leaders in the increase were the shares of X5 Group (+3.1%), the securities are still supported by the news about the inclusion of the company in the list of economically significant organisations, which will contribute to the process of re-domiciliation in Russia. The shares of Detsky Mir (-4.2%), Polymetal (-2.8%), DEK (-1.5%), LSR (-1.5%), NCSP (-1.4%), RusHydro (-1.1%), Samolet (-1.1%), QIWI (-1%) went negative. Brent quotes failed to rise above $83 per barrel. Anton Kravchenko, head of the shares department of Management Company Pervaya, explains the weakness of the commodity market by the fact that in China at the National People's Congress the level of GDP growth for 2024 was set at 5%, which means higher growth rates are not expected, which indicates the absence possible additional demand for oil. The rouble continues to trend towards strengthening. “This trend is supported by a number of factors, including the sale of foreign currency earnings by the Bank of Russia, exporters within the framework of the presidential decree and an increase in revenues of the oil and gas industry. These factors ensure the influx of foreign currency into the market,” explained Anton Kravchenko, noting that the main strategic factor remains the strict monetary policy of the Central Bank of Russia. By Anastasia Dolgikh for Finam (Russia). |
The Russian stock market closed the last trading of the shortened week on the positive side, although the dynamics turned out to be very weak. The Moscow Exchange index rose by 0.15% to 3,315.68 points, the RTS index gained 0.04% to 1,152.12 points. The main support for the market comes from dividend expectations; the current year promises to be a record year in terms of payments. Russian issuers are expected to collectively pay out a record 5 trillion rouble in 2024, almost double what they paid out in 2023. John Walsh, a senior analyst at Alfa Bank, points out that this will be a one-time attraction of unprecedented generosity, driven by the weakening rouble, boosting export earnings in 2023 and enabling record pay-outs from oil companies including SNGS, LKOH and SIBN. Another plus is the positive corporate news background, which does not allow the market to fall much even before the long weekend. The weakening of the rouble before the holidays, when investors traditionally shift into foreign currency, at the same time had a negative impact on the RTS index. “The external trading background for the Russian market today is very constructive new ECB inflation forecasts for 2024 and 2025 are being discussed in the Old World and overseas. Most foreign exchanges were in the black against this background,” noted Natalya Milchakova, leading analyst at Freedom Finance Global. An abundance of positive factors saved the market from falling, despite the shortened week. Investors are usually reluctant to stay in positions before a long weekend. Zarina Saidova, leading analyst of the stock analysis department of Finam Financial Group, Moscow Exchange Index notes that taking into account signs of technical overheating, the Moscow Exchange Index may correct in the short term to the level of 3275 points. The growth leaders were CIAN (+5%), TMK (+2.5%), M.video (+1.8%). HeadHunter (+1.5%), Moscow Exchange (+1.3%), TGK-1 (+1.2%), Sovcomflot (+1%). The leaders in the increase were the shares of X5 Group (+3.1%), the securities are still supported by the news about the inclusion of the company in the list of economically significant organisations, which will contribute to the process of re-domiciliation in Russia. The shares of Detsky Mir (-4.2%), Polymetal (-2.8%), DEK (-1.5%), LSR (-1.5%), NCSP (-1.4%), RusHydro (-1.1%), Samolet (-1.1%), QIWI (-1%) went negative. Brent quotes failed to rise above $83 per barrel. Anton Kravchenko, head of the shares department of Management Company Pervaya, explains the weakness of the commodity market by the fact that in China at the National People's Congress the level of GDP growth for 2024 was set at 5%, which means higher growth rates are not expected, which indicates the absence possible additional demand for oil. The rouble continues to trend towards strengthening. “This trend is supported by a number of factors, including the sale of foreign currency earnings by the Bank of Russia, exporters within the framework of the presidential decree and an increase in revenues of the oil and gas industry. These factors ensure the influx of foreign currency into the market,” explained Anton Kravchenko, noting that the main strategic factor remains the strict monetary policy of the Central Bank of Russia. By Anastasia Dolgikh for Finam (Russia). |
The Russian Ministry of Finance reported on Tuesday plans to buy Chinese yuan for above-plan oil and gas revenues as part of the so-called budget rule, which should limit current government spending. The current three-year financial plan includes a reduction in government spending after 2024 to normalize the budget, that...
The Russian Ministry of Finance reported on Tuesday plans to buy Chinese yuan for above-plan oil and gas revenues as part of the so-called budget rule, which should limit current government spending. The current three-year financial plan includes a reduction in government spending after 2024 to normalize the budget, that...
In an environment of extremely low unemployment, economists continue to search for hidden talent pools. And during one of the statistical tricks, it turned out that the internal potential for additional supply of labour resources in Russia now amounts to 7.5 million people. Judging by what the employers themselves say,...
In an environment of extremely low unemployment, economists continue to search for hidden talent pools. And during one of the statistical tricks, it turned out that the internal potential for additional supply of labour resources in Russia now amounts to 7.5 million people. Judging by what the employers themselves say,...
China's yuan held steady against a weakening U.S. dollar, as U.S. yields slipped after Federal Reserve Chair Jerome Powell's comments reinforced market expectations for rate cuts.
Powell said on Thursday the U.S. central bank was "not far" from gaining the confidence it needs in falling inflation to begin cutting interest rates.
The 10-year Treasury...
China's yuan held steady against a weakening U.S. dollar, as U.S. yields slipped after Federal Reserve Chair Jerome Powell's comments reinforced market expectations for rate cuts.
Powell said on Thursday the U.S. central bank was "not far" from gaining the confidence it needs in falling inflation to begin cutting interest rates.
The 10-year Treasury...