Issue 1268 - 15.09.2023
27.09.2023

Sadyr Zhaparov: structure of exports and imports of Central Asian countries shows presence of large unfulfilled potential

On September 14, at the summit of Central Asian leaders in Dushanbe, President Sadyr Zhaparov announced priority areas of cooperation.

For Kyrgyzstan, priority areas of cooperation are the expansion and deepening of trade and economic cooperation, the water and energy sector, diversification and expansion of transport corridors, strengthening transit potential, as well as solving problems of irrigation and land reclamation, he said.

As Zhaparov reported, Kyrgyzstan has close trade relations with the countries of the region. There is an increase in foreign trade volumes and the development of investment cooperation.

“Analysis of the structure of exports and imports of Central Asian countries in mutual trade and in trade with third countries shows the presence of large unrealised potential. We must strive to find ways and means to ensure better functioning and greater openness of the market for goods and services, greater diversification of mutual trade, which will create a common economic interest,” the president commented.

The president also believes that our region should become a link between North and South, West and East, while increasing its transport and communication potential and the ability to access sea ports. “We only need political will to remove barriers and obstacles, improve border crossing and transit procedures between our countries. As just one example, I can note the recent opening of two checkpoints between Kyrgyzstan and Uzbekistan, which made it possible to increase the flow of citizens several times,” said the President of Kyrgyzstan.

Reported by Tazabek (Kyrgyzstan).

Kyrgyzstan General

27.09.2023

Sadyr Zhaparov: We need to completely change our attitude towards water

It is necessary to completely change the attitude towards water as a necessary condition for the life support of all those living in the Central Asian region, said President of Kyrgyzstan Sadyr Zhaparov at the Fifth Consultative Meeting of the Heads of State of Central Asia, which is taking place...

It is necessary to completely change the attitude towards water as a necessary condition for the life support of all those living in the Central Asian region, said President of Kyrgyzstan Sadyr Zhaparov at the Fifth Consultative Meeting of the Heads of State of Central Asia, which is taking place...

27.09.2023

Sadyr Zhaparov meets with Emomali Rahmon

Sadyr Zhaparov met with the President of Tajikistan Emomali Rahmon in Dushanbe, the press service of the head of state reported.

The leaders of the countries discussed current issues of Kyrgyz-Tajik bilateral cooperation, a wide range of topics, including issues of delimitation and demarcation of the Kyrgyz-Tajik state border.

They also exchanged...

Sadyr Zhaparov met with the President of Tajikistan Emomali Rahmon in Dushanbe, the press service of the head of state reported.

The leaders of the countries discussed current issues of Kyrgyz-Tajik bilateral cooperation, a wide range of topics, including issues of delimitation and demarcation of the Kyrgyz-Tajik state border.

They also exchanged...

27.09.2023

Cabinet of Ministers creates Centre for Development and Promotion of Exports

The state institution Centre for Development and Promotion of Exports Kyrgyz Export was created by the decision of the Cabinet of Ministers of Kyrgyzstan.

The Centre for Development and Promotion of Exports "Kyrgyz Export" was created under the Ministry of Economy and Commerce. The decision was made at the meeting of...

The state institution Centre for Development and Promotion of Exports Kyrgyz Export was created by the decision of the Cabinet of Ministers of Kyrgyzstan.

The Centre for Development and Promotion of Exports "Kyrgyz Export" was created under the Ministry of Economy and Commerce. The decision was made at the meeting of...

27.09.2023

Cabinet of Ministers approves regulation on Public Confidence Index

The Cabinet of Ministers approved regulation on Index of Public Confidence in the activities of the state executive authorities of Kyrgyzstan, Presidential Envoys to the regions, local state administrations and executive bodies of local government bodies. The decision was adopted at the regular meeting of the Cabinet of Ministers.

A model...

The Cabinet of Ministers approved regulation on Index of Public Confidence in the activities of the state executive authorities of Kyrgyzstan, Presidential Envoys to the regions, local state administrations and executive bodies of local government bodies. The decision was adopted at the regular meeting of the Cabinet of Ministers.

A model...

Finance and Investment

27.09.2023

Inflow of remittances to Kyrgyzstan decreases by $17.6 million for month

In July 2023, migrants transferred $145.9 million to Kyrgyzstan, which is $17.6 million less than a month earlier. The National Bank of Kyrgyzstan provided such data.

Compared to July 2022, the figure decreased 1.8 times, or by $124.7 million. Russia accounts for most of the remittances at $132.2 million. At least...

In July 2023, migrants transferred $145.9 million to Kyrgyzstan, which is $17.6 million less than a month earlier. The National Bank of Kyrgyzstan provided such data.

Compared to July 2022, the figure decreased 1.8 times, or by $124.7 million. Russia accounts for most of the remittances at $132.2 million. At least...

27.09.2023

Cabinet of Ministers of Kyrgyzstan promises to remove barriers to work of Chinese business

Deputy Chairman of the Cabinet of Ministers of Kyrgyzstan Bakyt Torobaev met with representatives of Chinese business working in Kyrgyzstan. Press service of the Cabinet reported.

"We are always ready to support the initiatives and projects of foreign investors, to provide them with maximum assistance in their implementation," Bakyt Torobaev said.

Representatives...

Deputy Chairman of the Cabinet of Ministers of Kyrgyzstan Bakyt Torobaev met with representatives of Chinese business working in Kyrgyzstan. Press service of the Cabinet reported.

"We are always ready to support the initiatives and projects of foreign investors, to provide them with maximum assistance in their implementation," Bakyt Torobaev said.

Representatives...

27.09.2023

38 Kyrgyz enterprises get opportunity to export products to Uzbekistan

In order to improve export potential in 2023, at least 38 enterprises have been registered in the Unified Register of Uzbekistan. The press service of the Ministry of Agriculture of Kyrgyzstan reported.

According to its data, 14 milk processing enterprises, 6 fish processing enterprises, 7 meat processing enterprises and 11 food...

In order to improve export potential in 2023, at least 38 enterprises have been registered in the Unified Register of Uzbekistan. The press service of the Ministry of Agriculture of Kyrgyzstan reported.

According to its data, 14 milk processing enterprises, 6 fish processing enterprises, 7 meat processing enterprises and 11 food...

27.09.2023

More than 5 billion Islamic certificates get registered in Kyrgyzstan

The Service for Regulation and Supervision of the Financial Market of Kyrgyzstan carried out state registration of a new issue of Islamic certificates of equity participation (Sukuk al Mudaraba) of Purmont Capital, an Islamic special financial company. This was reported on the BTS stock exchange website.

The total volume of issue...

The Service for Regulation and Supervision of the Financial Market of Kyrgyzstan carried out state registration of a new issue of Islamic certificates of equity participation (Sukuk al Mudaraba) of Purmont Capital, an Islamic special financial company. This was reported on the BTS stock exchange website.

The total volume of issue...

27.09.2023

Greenback stuck on lower end as stock markets veer up

The U.S. dollar hovered above a three-month low to the euro on Thursday as attention turned to the European Central Bank's rate-setting meeting later in the day, after U.S. inflation data failed to alter views for a Federal Reserve pause next week.

The yen pulled away from near a 10-month trough...

The U.S. dollar hovered above a three-month low to the euro on Thursday as attention turned to the European Central Bank's rate-setting meeting later in the day, after U.S. inflation data failed to alter views for a Federal Reserve pause next week.

The yen pulled away from near a 10-month trough...

Metals and Minerals

27.09.2023

Kyrgyzstan exports 7.4 tonnes of gold over 7 months of 2023

From January to July this year, Kyrgyzstan exported 7.4 tonnes of gold. Of which 2.58 tonnes were sold in July. Official statistics testify to this.

The largest exporter of gold in Kyrgyzstan is Switzerland. Over the seven months of this year, the European country exported 5.9 tonnes of Kyrgyz gold, two...

From January to July this year, Kyrgyzstan exported 7.4 tonnes of gold. Of which 2.58 tonnes were sold in July. Official statistics testify to this.

The largest exporter of gold in Kyrgyzstan is Switzerland. Over the seven months of this year, the European country exported 5.9 tonnes of Kyrgyz gold, two...

27.09.2023

More than 74% of investments in Kyrgyzstan account for mining sector

Based on the results of January August 2023, a significant increase in the volume of investments in fixed assets was noted in Kyrgyzstan. The total volume of investments amounted to 75.2 billion som, which represents an increase of 11.9% compared to the same period last year.

This increase in investment is...

Based on the results of January August 2023, a significant increase in the volume of investments in fixed assets was noted in Kyrgyzstan. The total volume of investments amounted to 75.2 billion som, which represents an increase of 11.9% compared to the same period last year.

This increase in investment is...

27.09.2023

Ounce of gold at National Bank of Kyrgyzstan increases in price by $5.25

The repurchase price for an ounce of gold bullion bars of the National Bank of Kyrgyzstan as of September 14 was set at 174 thousand 844 som.

On September 13, the regulator bought bars weighing 31.1035 grams from the population for 174 thousand 380 som. Thus, the price increased by 464...

The repurchase price for an ounce of gold bullion bars of the National Bank of Kyrgyzstan as of September 14 was set at 174 thousand 844 som.

On September 13, the regulator bought bars weighing 31.1035 grams from the population for 174 thousand 380 som. Thus, the price increased by 464...

27.09.2023

Bullion appreciates as silver posts loss

Gold prices crawled higher on Thursday from nearly three-week lows touched in the previous session as the dollar and Treasury yields weakened after the U.S. inflation data cemented the case for a Federal Reserve rate pause next week.

Spot gold added 0.2% to $1,909.21 per ounce by 0318 GMT, having hit...

Gold prices crawled higher on Thursday from nearly three-week lows touched in the previous session as the dollar and Treasury yields weakened after the U.S. inflation data cemented the case for a Federal Reserve rate pause next week.

Spot gold added 0.2% to $1,909.21 per ounce by 0318 GMT, having hit...

27.09.2023

Ferrous, coal benchmarks strengthen on China data

Iron ore futures rose for a fourth straight session on Thursday, helped by low inventories and pre-holiday restocking, although concerns about lingering steel market weakness in the peak construction season capped gains.

The most-traded January iron ore on China’s Dalian Commodity Exchange (DCE) ended daytime trading 0.82% higher to 863.5 yuan...

Iron ore futures rose for a fourth straight session on Thursday, helped by low inventories and pre-holiday restocking, although concerns about lingering steel market weakness in the peak construction season capped gains.

The most-traded January iron ore on China’s Dalian Commodity Exchange (DCE) ended daytime trading 0.82% higher to 863.5 yuan...

27.09.2023

Non-ferrous base metals log gains as China recovery materialises

Copper prices rose on Thursday as China's measures to support economic recovery helped to alleviate price pressure from high inventories while the market awaits major Chinese indicators.

Three-month copper on the London Metal Exchange (LME) was up 0.6% at $8,464 per metric ton in official open-outcry trading after touching a one-week...

Copper prices rose on Thursday as China's measures to support economic recovery helped to alleviate price pressure from high inventories while the market awaits major Chinese indicators.

Three-month copper on the London Metal Exchange (LME) was up 0.6% at $8,464 per metric ton in official open-outcry trading after touching a one-week...

Energy Industry

27.09.2023

Kazakh coal already arrives to Bishkek Thermal Power Plant, local coal begins to be delivered in October

On September 13, the chief engineer of the Bishkek Thermal Power Plant, Nurlan Kulzhygachov, spoke on Birinchi Radio about preparations for the upcoming heating season.

As he recalled, in pursuance of the government’s plan for the upcoming heating season, the capital should be provided with 1.2 million tonnes of coal.

“At the...

On September 13, the chief engineer of the Bishkek Thermal Power Plant, Nurlan Kulzhygachov, spoke on Birinchi Radio about preparations for the upcoming heating season.

As he recalled, in pursuance of the government’s plan for the upcoming heating season, the capital should be provided with 1.2 million tonnes of coal.

“At the...

27.09.2023

Best sites for small hydroelectric power stations in Kyrgyzstan occupied by government agencies

The emergency regime in the energy sector introduced until 2026 is aimed at creating capacity for generating electricity. The director of the Research Institute under the Ministry of Energy of Kyrgyzstan, Batyrkul Baetov, spoke about this on September 13 on Birinchi Radio.

He recalled that the construction of small hydroelectric power...

The emergency regime in the energy sector introduced until 2026 is aimed at creating capacity for generating electricity. The director of the Research Institute under the Ministry of Energy of Kyrgyzstan, Batyrkul Baetov, spoke about this on September 13 on Birinchi Radio.

He recalled that the construction of small hydroelectric power...

Agriculture

27.09.2023

Kyrgyzstan increases meat production in live weight

As of September 1, 2023, business entities of all categories in Kyrgyzstan produced an impressive amount of meat in live weight 266.8 thousand tonnes. This was reported by the press service of the Ministry of Agriculture of Kyrgyzstan.

This result exceeds the previous year's figures by 3 thousand 484 tonnes, or...

As of September 1, 2023, business entities of all categories in Kyrgyzstan produced an impressive amount of meat in live weight 266.8 thousand tonnes. This was reported by the press service of the Ministry of Agriculture of Kyrgyzstan.

This result exceeds the previous year's figures by 3 thousand 484 tonnes, or...

27.09.2023

Russian wheat glut subdues US benchmark

Chicago wheat futures fell on Thursday as concerns over supply from war-torn Ukraine eased due to large exports of cheap grain from Russia, keeping prices near 33-month lows.

Soybean and corn futures rose slightly.

Wheat markets are expected to tighten in the coming months as the focus switches to harvests in southern...

Chicago wheat futures fell on Thursday as concerns over supply from war-torn Ukraine eased due to large exports of cheap grain from Russia, keeping prices near 33-month lows.

Soybean and corn futures rose slightly.

Wheat markets are expected to tighten in the coming months as the focus switches to harvests in southern...

Oil and Gas Sector

27.09.2023

Brent firms within $90-$95/b margin

Oil prices rebounded on Thursday as markets turned their attention back to a tighter crude supply outlook for the rest of 2023 with demand set to stay robust through to next year.

Brent crude futures rose 36 cents, or 0.4%, to $92.24 a barrel at 0300 GMT. U.S. West Texas Intermediate...

Oil prices rebounded on Thursday as markets turned their attention back to a tighter crude supply outlook for the rest of 2023 with demand set to stay robust through to next year.

Brent crude futures rose 36 cents, or 0.4%, to $92.24 a barrel at 0300 GMT. U.S. West Texas Intermediate...

27.09.2023

Natural gas benchmarks drop on LNG supply link improvement

European natural gas retreated as the restart of a major export terminal in the US eased concerns about supply disruptions from Australia to Norway.

Benchmark futures fell 3.5% on Thursday, erasing earlier gains. The Freeport liquefied natural gas plant in Texas is restarting after an unplanned outage disrupted operations over the...

European natural gas retreated as the restart of a major export terminal in the US eased concerns about supply disruptions from Australia to Norway.

Benchmark futures fell 3.5% on Thursday, erasing earlier gains. The Freeport liquefied natural gas plant in Texas is restarting after an unplanned outage disrupted operations over the...

Communications and Transportation

27.09.2023

More than 130,000 Tulpar travel cards sold in Bishkek

More than 130,000 ordinary Tulpar cards have been distributed among points of sale, buses and trolleybuses since August 20, 2023. Bekzhan Akmatbekov, Media Relations Specialist of Tulpar project told 24.kg news agency.

He reminded of the problems due to the shortage of cards in the first days of introduction of...

More than 130,000 ordinary Tulpar cards have been distributed among points of sale, buses and trolleybuses since August 20, 2023. Bekzhan Akmatbekov, Media Relations Specialist of Tulpar project told 24.kg news agency.

He reminded of the problems due to the shortage of cards in the first days of introduction of cashless payment for...

27.09.2023

Russian telecommunications company MegaFon to enter Kyrgyzstan's market

The Russian telecommunications company MegaFon will enter the market of Kyrgyzstan. The company reported.

The main focus of the company will be on the implementation of digital projects for business and society, relying on its many years of expertise in B2B and B2G.

By the end of 2023, the company has planned...

The Russian telecommunications company MegaFon will enter the market of Kyrgyzstan. The company reported.

The main focus of the company will be on the implementation of digital projects for business and society, relying on its many years of expertise in B2B and B2G.

By the end of 2023, the company has planned...

27.09.2023

Kyrgyz Manas International Airport purchases its own aircraft

At the initiative of the President of Kyrgyzstan Sadyr Zhaparov, Manas International Airport for the first time purchased two of its own aircraft at its own expense. The company reported this.

The official signing ceremony for the Dash-8-400 type aircraft agreement took place on September 10 in Brussels with the manufacturing...

At the initiative of the President of Kyrgyzstan Sadyr Zhaparov, Manas International Airport for the first time purchased two of its own aircraft at its own expense. The company reported this.

The official signing ceremony for the Dash-8-400 type aircraft agreement took place on September 10 in Brussels with the manufacturing...

Regional News

27.09.2023

Russian companies expect output to increase and prices to rise

Enterprise monitoring data published by the Central Bank show some improvement in business climate assessments in August (the surveys were conducted on 1-12 September) after their deterioration in June-July. The business climate index (primarily due to current assessments of demand and expectations of output growth in the next three months)...

Enterprise monitoring data published by the Central Bank show some improvement in business climate assessments in August (the surveys were conducted on 1-12 September) after their deterioration in June-July. The business climate index (primarily due to current assessments of demand and expectations of output growth in the next three months)...

27.09.2023

Russian stock market returns to positive domain

The Russian market ended Friday trading on the positive side, although the first half of the day did not promise success: the MOEX index added 0.4% to 3,152.53 points; the RTS index gained 1.06% to 1,029.15 points. The positivity came after the decision of the Bank of Russia to raise...

The Russian market ended Friday trading on the positive side, although the first half of the day did not promise success: the MOEX index added 0.4% to 3,152.53 points; the RTS index gained 1.06% to 1,029.15 points. The positivity came after the decision of the Bank of Russia to raise...

27.09.2023

Russian agricultural organisations increase production of livestock and poultry by 3.4% in January-August

Russian agricultural organisations produced 8.679 million tonnes of livestock and poultry for slaughter (live weight) in January-August, which is 3.4% more than in the same period last year, the Federal State Statistics Service (Rosstat) reported.

In August, production was 1.085 million tonnes, up 2% year-on-year.

Including cattle, 701.1 thousand tonnes were produced...

Russian agricultural organisations produced 8.679 million tonnes of livestock and poultry for slaughter (live weight) in January-August, which is 3.4% more than in the same period last year, the Federal State Statistics Service (Rosstat) reported.

In August, production was 1.085 million tonnes, up 2% year-on-year.

Including cattle, 701.1 thousand tonnes were produced...

27.09.2023

Russian Grids and China's State Electricity Commission discuss tasks of bilateral cooperation

Director General of PROSSETI Andrey Ryumin and Executive Chairman of the Board of Directors of the State Electric Grid Corporation of China Xin Baoan during a working meeting in Beijing discussed trends in the development of power grid complexes of the two countries and promising areas of cooperation, according to...

Director General of PROSSETI Andrey Ryumin and Executive Chairman of the Board of Directors of the State Electric Grid Corporation of China Xin Baoan during a working meeting in Beijing discussed trends in the development of power grid complexes of the two countries and promising areas of cooperation, according to...