At a regular meeting of the Government of the Kyrgyz Republic, the Plan of the Government of the Kyrgyz Republic for 2019-2023 for the implementation of the Program of the Government of the Kyrgyz Republic “Unity. Trust. Creation”, approved by the Resolution of the Jogorku Kenesh dated April 20, 2018...

Kyrgyzstan’s monetary base increased by 6.3% amounting to 106.3 billion som in 2018, Minister of Economy Oleg Pankratov told the government meeting.

Monetary policy over 2018 was determined to keep inflation rate at 5-7% in the medium term.

In December 2018, it was decided to keep the key rate at 4.75%. According...

Through the full year 2018, the inflow of remittances to Kyrgyzstan is estimated at $2,685.3 billion, the National Bank of the country reports.

Compared with 2017, the figure grew by $203.1 million. The highest volumes of remittances were recorded in July ($279.4 million) and October ($271.1 million) last year.

At the same time, $205.9 million have been transferred to the republic in December 2018. This...

The credit profile of Kyrgyzstan underlines the vulnerability of the economy to fluctuations in gold production and remittances. Credit analysis of Moody’s Investors Service says.

According to it, the loan portfolio of the republic also shows a significant debt burden of the government. The institutional framework of the country is weak, especially in the fight against corruption and the rule of law, while domestic...

Recently, financial institutions signed a loan agreement for $2 million.

The funds will be spent on financing projects of small and medium-sized businesses: the purchase and modernisation of equipment, technology, and the purchase of technology.

The priority is agro-industrial complex, clothing, textile, manufacturing, mining and metallurgical industry, tourism infrastructure, medicine and transport.

Both...

According to the statute, the new composition of the Supervisory Board of the Union of Banks is elected annually, which was done at the annual meeting of the organisation.

The Supervisory Board of the Union of Banks includes the chairmen of the boards: Bakay Bank's Aaly Umankulov, Optima Bank's Beibut Kapyshev,...

The total amount of state budget revenues in January-December 2018 amounted to 150 billion 991.8 million som or 95.7% of the established plan target. This was announced on February 15, by the Minister of Economy, Oleg Pankratov, during a government meeting.

In comparison with the previous year, total budget revenues increased...

1,121 economic entities have been established across the country by January 1, 2019, First Vice Prime Minister Kubatbek Boronov said at a government meeting.

Those entities included industrial enterprises, garment ventures, milk processing facilities, bakeries, confectioneries, construction materials production ventures. 6,372 work places were created.

Most enterprises were established in Issyk-Kul region...

The market exchange rate of the dollar against the som in the exchange offices of Bishkek at 10:30 am on February 16 was 69.75 som (purchase) and 69.85 som (sale).

Over the month, the dollar rate indicator declined by an average of 10 tyiyns.

As of January 17, the dollar exchange rate...

The U.S. dollar dropped on Friday after San Francisco Federal Reserve Bank President Mary Daly suggested the central bank may hold off on raising interest rates in 2019, bolstering risk appetite in the currency market.

The Fed probably will not need to raise rates this year, given a slowdown in economic...

In taking a look at some key indicators for Centerra Gold Inc. (TSX:CG), we note that the current Book to Market value for the firm is at 1.404494. The Book to Market or BTM is calculated as Market Value (or Stock Price)/Book Value. Investors often look for shares with high...

An agreement with the company that won the competition for rehabilitation of Makmal field will be signed by the end of the month. The Chairman of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan, Emil Osmonbetov, announced today at a government meeting.

According to him, the competition for Makmal was held last year. The project envisages processing of dumps...

Gold jumped to a two-week high on Friday after weak U.S. economic data boosted expectations the U.S. Federal Reserve would hold pat on monetary tightening, while palladium matched an all-time high on a prolonged deficit.

Spot gold was up 0.7 percent at $1,321.31 an ounce at 2:21 p.m. EST (1921 GMT),...

Copper prices rose on Friday after better than expected lending data in China, the world's biggest consumer, bolstered the demand outlook.

Benchmark copper on the London Metal Exchange (LME) was up 0.5 percent at $6,167 a tonne at 1510 GMT.

It was still down 0.5 percent this week, set for its first...

Kyrgyzstan's energy loan debts today amount to 107 billion som ($153 million) and the size of debts will grow annually, CEO of the National Energy Holding Company Azamat Abdykarov told the parliament.

In 2019, Kyrgyzstan must pay 5.506 billion som ($78.94 million) debt from energy project loans, in 2020  6 billion...

Foreign trade turnover has grown by more than 6% in 2018 compared to 2017, Economy Minister Oleg Pankratov said at the government meeting today.

Imports grew, while exports remained at the same level, the Minister said.

“Imports include goods that are necessary for economic development, that is raw materials, equipment and other,”...

The Kyrgyz consumer price index was 100.5% in 2018 and 103.7% in 2017, Economy Minister Oleg Pankratov said.

Annual average inflation rate was 101.5%.

"Prices were affected by the dependence of the domestic market on the import of such food products as flour, plant oil, sugar and cereals," he said.

Stable growth of...

In 2019, Kyrgyzstan will plant wheat throughout the areas of 241.5 thsd ha, a decrease of 12.3 thsd ha compared with last year, reported the Ministry of Agriculture, Food Industry and Melioration of the Kyrgyz Republic.

Also, agrarians will reduce the planted areas under oilseeds to 27.9 thsd ha (down 2...

11,300 farmers received financial resources amounting to more than 5-6 billion som in 2018, said head of the regional development policy department of the Ministry of Economy Temirbek Kalmyrazayev at the round table discussion in Bishkek on February 14.

A number of motor-tractor stations operate in the republic, which are updated...

The fact is revealed in the water management department of the Ministry of Agriculture. This was reported by the press service of the Accounts Chamber.

The Accounts Chamber audited the work of the Ministry for 2017. The audit revealed a number of financial irregularities. In particular, the agency has made unreasonable...

There are 498,000 horses in the republic since the beginning of 2019, said the head of the department of agriculture statistics Elmira Turgunbayeva at a press conference of the National Statistics Committee.

As for the 2014-2018 the level of poultry in 1990 was not reached and their number was 13.9 million...

U.S. wheat futures fell to multimonth lows on Friday, despite broad strength in commodity and equity markets as grain traders monitored bearish technical signals as well as falling prices in the global cash wheat market. Soybeans climbed on optimism about U.S. trade negotiations with China, the world's top soy importer,...

The Department of Regulatory Activities of Gosstroy state construction company for January 2019 issued 41 licenses for construction activities in the territory, said department.

According to the department, 38 licenses were issued to legal entities and 3 private entrepreneurs, where 26 organizations received a license for the first time.

According to the...

The Senti financial company has published data on the stock market for 2018. According to the document, Kant Cement Plant entered the TOP-3 companies, shares of which have lost much in price.

According to Senti, the value of KCP securities last year was 161 som against 242 som in 2017. As...

Oil prices rose more than 2 percent to their highest this year on Friday after an outage at Saudi Arabia’s offshore oilfield boosted expectations for tightening supply, while progressing U.S.-Sino trade talks strengthened demand sentiment.

The international Brent crude benchmark rose $1.68, or 2.6 percent, to settle at $66.25 a barrel,...

Manas Airport hit the TOP-3 companies, shares of which increased in price in 2018. This is stated in the published report of the Senti financial company.

“Securities of Manas International Airport went up by 83.3% last year compared with 2017. The cost of one share is estimated at 168.62 som against...

China's consumer price index (CPI), a main gauge of inflation, rose 1.7 percent year on year in January, the National Bureau of Statistics (NBS) said Friday.

The increase was down from 1.9 percent for December.

Food prices climbed 1.9 percent year on year last month, down 0.6 percentage points from December, according...

China's CRRC, the world's largest supplier of rail transit equipment, has recently opened its financial leasing subsidiary in a bid to expand its business overseas.

The financial leasing firm in Dongjiang Free Trade Port Zone in the northern Chinese municipality of Tianjin has a registered capital of 3 billion yuan (443...

Russian President Vladimir Putin is expected to visit the Chinese capital, Beijing, on April 26-27 to take part in a One Belt, One Road forum, Russia’s Ambassador to China Andrey Denisov told journalists on Thursday, adding that the Russian leader would be the main guest of the event.

"As for the...

Ratings has affirmed Russia's credit rating at 'BBB-' with a positive outlook.

The credit rating agency cited a strong sovereign balance sheet and robust external finances.

"The prospect of harsher additional US sanctions remains high, maintaining risks for sovereign financing flexibility, private sector access to international financing and macroeconomic volatility, as well...

The rouble steadied against the dollar on Friday, supported by rising oil prices a day after the threat of new U.S. sanctions unnerved Russia's financial markets.

At 0730 GMT, the rouble was unchanged against the dollar at 66.66 and traded at 75.20 versus the euro. The Russian currency touched 67 against...

Vnesheconombank and the Skolkovo Foundation will coordinate efforts to support innovations and expertise of digital economy projects. The parties signed the corresponding memorandum during the Russian Investment Forum in Sochi, vestifinance.ru writes.

On the part of VEB.RF, the document was signed by the Deputy Chairman, Alexei Ivanchenko, on the part of...

Mongolia’s economy grew 6.9 percent in 2018, beating expectations and accelerating from a 5.3 percent pace the previous year, the statistics office said on Friday.

An increase in foreign trade revenues, particularly from resources such as coal and copper helped drive the expansion, which was higher than an Asia Development Bank...

Through the full year 2018, 38.213 million tons of crude oil (including gas condensate) and 19,161 billion cubic meters of natural gas were produced in Azerbaijan.

According to the State Statistics Committee of Azerbaijan, the total volume of production in the mining industry in 2018 amounted to 34.3 billion manat, increasing by...

Date: February 18, 2019; Source: Bloomberg.com

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Precious and Industrial Metals

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Date: February 18, 2019; Source: the National Bank of Kyrgyzstan