Issue 1095 - 22.04.2022
02.11.2022

President Sadyr Japarov counts on business of Azerbaijan

The President of Kyrgyzstan met with business representatives in Baku as part of his official visit to Azerbaijan.

Sadyr Japarov noted that the Kyrgyz Republic attaches great importance to bilateral cooperation between the two countries and considers Azerbaijan as one of the most promising partners in the development of trade, economic and investment cooperation.

«Your presence here today is also very significant for us and demonstrates the mutual interest in promoting joint projects in priority sectors of the economy, including energy, mining, agriculture, subsoil use, industrial production and tourism,» he said.

The head of state noted the past thorough negotiations with the leader of Azerbaijan, Ilham Aliyev, during which the invariance of the course towards the activation and expansion of friendly and fraternal relations was confirmed.

«We also signed an agreement on air traffic between Kyrgyzstan and Azerbaijan, which should contribute to the development of tourism and increase business contacts between the countries,» he noted and expressed confidence that the establishment of strategic partnership at the bilateral level would generally provide great and favorable opportunities for Azerbaijani business for the implementation of investment projects in the Kyrgyz Republic.

Sadyr Japarov noted the importance of expanding mutually beneficial economic cooperation both within the framework of interstate relations and between business circles. «Unfortunately, the current trade and economic cooperation between our states does not meet the current realities and the existing potential, which has great prospects. Given the new level of partnership between Kyrgyzstan and Azerbaijan, it is more important for us than ever to give a new impetus to the expansion of comprehensive and complete trade and economic cooperation, production and investment cooperation,» he stressed.

The President said that there is an understanding of the need for the practical implementation of large investment projects, which, in turn, will contribute to the development of small and medium-sized businesses, as well as the diversification of ties, creation of new production capacities, and the increase in the number of added chains of the production and service cycle.

Sadyr Japarov added that Kyrgyzstan pays close attention to creating favorable conditions for work and protecting investors. He recalled that one of his first decrees as president was aimed at creating a favorable business environment, free movement of capital, and protecting the interests of foreign investors.

Business representatives were told about the adoption in the Kyrgyz Republic of a new version of the Tax Code, which provides for a significant simplification of tax procedures, switch to remote inspections instead of on-site scheduled inspections and mechanisms for pre-trial settlement of tax disputes.

The head of state also mentioned introduction of a service model of the tax service and a number of mechanisms to support small and medium-sized businesses, the work of the Business Ombudsman institution, transformation of the National Investment Agency for conducting high-quality work with every foreign businessman and assistance to external investors.

By 24.kg

Kyrgyzstan General

02.11.2022

Ambassador of Germany to Kyrgyzstan promises to support Parliament

Chairman of the Committee on International Affairs, Defense, Security and Migration of the Parliament of Kyrgyzstan Chingiz Aidarbekov met with the Ambassador Extraordinary and Plenipotentiary of GermanyGabriela Guellil. Press service of the Parliament reported.

The parties discussed topical issues of bilateral cooperation and expansion of inter-parliamentary interaction, including through specialized committees and friendship groups.

Chingiz Aidarbekov stressed that the Kyrgyz-German...

Chairman of the Committee on International Affairs, Defense, Security and Migration of the Parliament of Kyrgyzstan Chingiz Aidarbekov met with the Ambassador Extraordinary and Plenipotentiary of GermanyGabriela Guellil. Press service of the Parliament reported.

The parties discussed topical issues of bilateral cooperation and expansion of inter-parliamentary interaction, including through specialized committees and friendship groups.

Chingiz Aidarbekov stressed that the Kyrgyz-German...

02.11.2022

Kyrgyz minister of internal affairs meets with speaker of Grand National Assembly of Turkey

 Minister of Internal Affairs of Kyrgyzstan Ulan Niyazbekov met with Speaker of the Grand National Assembly of Turkey Mustafa Shentop, the press service of the ministry said.

Mustafa Shentop said that positive relations between Turkey and Kyrgyzstan have continued since the day Kyrgyzstan gained independence.

He noted the importance of a high-level...

 Minister of Internal Affairs of Kyrgyzstan Ulan Niyazbekov met with Speaker of the Grand National Assembly of Turkey Mustafa Shentop, the press service of the ministry said.

Mustafa Shentop said that positive relations between Turkey and Kyrgyzstan have continued since the day Kyrgyzstan gained independence.

He noted the importance of a high-level...

02.11.2022

Hungarian PM congratulates President of Kyrgyzstan on 30th anniversary of diplomatic relations between countries

Hungarian Prime Minister Viktor Orban sent a congratulatory message to Kyrgyz President Sadyr Zhaparov on the occasion of the 30th anniversary of the establishment of diplomatic relations between the two countries, the press service of the head of state reported.

“I am glad that in 2020 we managed to raise the...

Hungarian Prime Minister Viktor Orban sent a congratulatory message to Kyrgyz President Sadyr Zhaparov on the occasion of the 30th anniversary of the establishment of diplomatic relations between the two countries, the press service of the head of state reported.

“I am glad that in 2020 we managed to raise the...

Finance and Investment

02.11.2022

Japarov offers Azerbaijani businessmen to participate in investment projects

At a meeting with representatives of a large Azerbaijani business community in Baku, the President of Kyrgyzstan invited them to invest in the Kyrgyz Republic.

He noted that Kyrgyzstan is highly interested in cooperation with the Azerbaijani business community.

Sadyr Japarov invited entrepreneurs to participate in the implementation of investment projects in such areas as energy, food industry, projects in the fields of infrastructure, tourism and new technologies.

It is proposed to take part...

At a meeting with representatives of a large Azerbaijani business community in Baku, the President of Kyrgyzstan invited them to invest in the Kyrgyz Republic.

He noted that Kyrgyzstan is highly interested in cooperation with the Azerbaijani business community.

Sadyr Japarov invited entrepreneurs to participate in the implementation of investment projects in such areas as energy, food industry, projects in the fields of infrastructure, tourism and new technologies.

It is proposed to take part...

02.11.2022

Kyrgyzstan to develop creative economy

The President of Kyrgyzstan signed a decree on measures to develop creative economy and create conditions for progressive development. Press service of the head of state reported.

The UN General Assembly declared April 21 as the World Creativity and Innovation Day (Creative Economy). In addition, 2021 has been declared by the United Nations as the International Year of Creative Economy for Sustainable Development.

«In recent...

The President of Kyrgyzstan signed a decree on measures to develop creative economy and create conditions for progressive development. Press service of the head of state reported.

The UN General Assembly declared April 21 as the World Creativity and Innovation Day (Creative Economy). In addition, 2021 has been declared by the United Nations as the International Year of Creative Economy for Sustainable Development.

«In recent...

02.11.2022

Russia refuses to provide Kyrgyzstan with 30,000 cash registers

In connection with the situation in Ukraine, Russia refused to donate 30,000 cash registers to Kyrgyzstan. Altynbek Abduvapov, Chairman of the Tax Service, announced at a meeting of Ishenim parliamentary faction.

Deputy Ulukbek Ormonov asked whether the Russian Federation fulfilled the agreement on provision of gratuitous assistance in the form of 30,000 cash registers.

«Last year, Russia gave us 1,000 stationary cash registers, about 50,000...

In connection with the situation in Ukraine, Russia refused to donate 30,000 cash registers to Kyrgyzstan. Altynbek Abduvapov, Chairman of the Tax Service, announced at a meeting of Ishenim parliamentary faction.

Deputy Ulukbek Ormonov asked whether the Russian Federation fulfilled the agreement on provision of gratuitous assistance in the form of 30,000 cash registers.

«Last year, Russia gave us 1,000 stationary cash registers, about 50,000...

Trade and Consumer Goods

02.11.2022

Prices in EAEU countries increase by almost 9.2 percent

Consumer price index for goods and services in the Eurasian Economic Union (EAEU) in March compared to February reached 6.9 percent, to December 2021 — 9.2 percent. The Eurasian Economic Commission (EEC) reported.

In contrast to December 2021, there was a significant increase in prices of non-food products (by 11.4 percent) and food products (by 9.5 percent) in the EAEU. The cost of paid services during this period increased...

Consumer price index for goods and services in the Eurasian Economic Union (EAEU) in March compared to February reached 6.9 percent, to December 2021 — 9.2 percent. The Eurasian Economic Commission (EEC) reported.

In contrast to December 2021, there was a significant increase in prices of non-food products (by 11.4 percent) and food products (by 9.5 percent) in the EAEU. The cost of paid services during this period increased...

Agriculture

02.11.2022

Russia hands over 135 tons of wheat flour and 60 tons of oil to Kyrgyzstan

Kyrgyzstan received food aid from Russia — 135 tons of wheat flour and more than 60 tons of sunflower oil. The Russian Embassy in Kyrgyzstan reported.

Both flour and oil are fortified. They will be distributed among the needy families. A similar handover ceremony took place on April 20 in Osh, where 675 tons of flour and 60 tons of oil were handed over.

The...

Kyrgyzstan received food aid from Russia — 135 tons of wheat flour and more than 60 tons of sunflower oil. The Russian Embassy in Kyrgyzstan reported.

Both flour and oil are fortified. They will be distributed among the needy families. A similar handover ceremony took place on April 20 in Osh, where 675 tons of flour and 60 tons of oil were handed over.

The...

02.11.2022

Single market of organic products formed in EAEU

The Eurasian Economic Commission (EEC) is developing a draft agreement on the circulation of organic products in the Eurasian Economic Union (EAEU). Press service of the EEC reported.

This work is carried out in accordance with the road map for the formation of a single market of organic agricultural products of the Union, approved by the heads of the Eurasian «five» last year.

«Along with the...

The Eurasian Economic Commission (EEC) is developing a draft agreement on the circulation of organic products in the Eurasian Economic Union (EAEU). Press service of the EEC reported.

This work is carried out in accordance with the road map for the formation of a single market of organic agricultural products of the Union, approved by the heads of the Eurasian «five» last year.

«Along with the...

02.11.2022

Agriculture Financing - 10. RSK Bank issued KGS 1.3 bln loans

To date, out of the previously allocated KGS 1.8 billion under the Agriculture Financing project, RSK Bank OJSC has issued loans throughout the country for a total of KGS 1 billion 337 million 869 thousand, Akylbek Turdaliev, the First Deputy Chairman of the Board of RSK Bank OJSC said at...

To date, out of the previously allocated KGS 1.8 billion under the Agriculture Financing project, RSK Bank OJSC has issued loans throughout the country for a total of KGS 1 billion 337 million 869 thousand, Akylbek Turdaliev, the First Deputy Chairman of the Board of RSK Bank OJSC said at...

Regional News

02.11.2022

Russia claims it has all necessary financial resources to withstand Western pressure

Russia has all the necessary financial resources to allow the economy to function under sanctions pressure, the Governor of the Central Bank Elvira Nabiullina said on Thursday at a meeting of the State Duma. She stressed there is no danger of default for the country.

“Russia has the resources, all the...

Russia has all the necessary financial resources to allow the economy to function under sanctions pressure, the Governor of the Central Bank Elvira Nabiullina said on Thursday at a meeting of the State Duma. She stressed there is no danger of default for the country.

“Russia has the resources, all the...

02.11.2022

Russian rouble firms vs euro on rate cut expectations, stocks mixed

The Russian rouble gained on Thursday, briefly firming past 79 to the euro, while government bond prices climbed to a two-month high on expectations of an imminent rate cut.

Trading on Moscow Exchange remains jittery and trading patterns are to some extent artificial due to capital control measures that Russia imposed...

The Russian rouble gained on Thursday, briefly firming past 79 to the euro, while government bond prices climbed to a two-month high on expectations of an imminent rate cut.

Trading on Moscow Exchange remains jittery and trading patterns are to some extent artificial due to capital control measures that Russia imposed...

02.11.2022

China guarantees supplies of Russian products to its market, says ambassador in Moscow

Demand for Russian goods in China is growing, China is ready to guarantee uninterrupted supplies of Russian products to its market, Chinese Ambassador in Moscow Zhang Hanhui said at a meeting of the parliamentary group for relations with the Chinese Parliament in the State Duma, lower house of the Russian...

Demand for Russian goods in China is growing, China is ready to guarantee uninterrupted supplies of Russian products to its market, Chinese Ambassador in Moscow Zhang Hanhui said at a meeting of the parliamentary group for relations with the Chinese Parliament in the State Duma, lower house of the Russian...

02.11.2022

Yuan down on monetary policy shift

China's yuan slipped to a more than six-month low against the U.S. dollar on Thursday, after the country's central bank set a weaker daily midpoint, as corporate dollar buying and expectations of U.S. policy tightening supported the greenback.

Traders said a sharp weakening in the yuan's offshore counterpart, which also hit...

China's yuan slipped to a more than six-month low against the U.S. dollar on Thursday, after the country's central bank set a weaker daily midpoint, as corporate dollar buying and expectations of U.S. policy tightening supported the greenback.

Traders said a sharp weakening in the yuan's offshore counterpart, which also hit...

02.11.2022

China stocks slump to 5-week closing low on economic slowdown fears

China shares slumped on Thursday to a five-week closing low, as prolonged COVID-19 lockdowns and a lack of adequate policy support left investors worried about the economic growth outlook, while oil giant CNOOC soared in its Shanghai debut.

The blue-chip CSI300 index fell 1.8% to 3,995.83, while the Shanghai Composite Index...

China shares slumped on Thursday to a five-week closing low, as prolonged COVID-19 lockdowns and a lack of adequate policy support left investors worried about the economic growth outlook, while oil giant CNOOC soared in its Shanghai debut.

The blue-chip CSI300 index fell 1.8% to 3,995.83, while the Shanghai Composite Index...

02.11.2022

China's non-financial outbound direct investment up 6.3 pct in Q1

China's non-financial outbound direct investment (ODI) reached 170.95 billion yuan in the first three months of the year, up 6.3 percent year on year, official data showed Thursday.

In U.S. dollar terms, the non-financial ODI rose 8.5 percent from a year ago to 26.92 billion dollars, according to the Ministry of...

China's non-financial outbound direct investment (ODI) reached 170.95 billion yuan in the first three months of the year, up 6.3 percent year on year, official data showed Thursday.

In U.S. dollar terms, the non-financial ODI rose 8.5 percent from a year ago to 26.92 billion dollars, according to the Ministry of...

02.11.2022

China strives to bring economy back on track

In its race against the latest COVID-19 outbreaks, China is making all-out efforts to bring life back to normal with fine-tuned virus control measures.

In response to sporadic outbreaks in some 30 provincial areas in the country since March, China has been adhering to a dynamic zero-COVID approach, taking swift and...

In its race against the latest COVID-19 outbreaks, China is making all-out efforts to bring life back to normal with fine-tuned virus control measures.

In response to sporadic outbreaks in some 30 provincial areas in the country since March, China has been adhering to a dynamic zero-COVID approach, taking swift and...