As part of a working trip to Bahawalpur, Ambassador of Kyrgyzstan to the Islamic Republic of Pakistan UlanbekTotuyaev met with President of the Bahawalpur Chamber of Commerce and Industry Hafiz Muhammad Yunus and its honorary members, the press service of the Ministry of Foreign Affairs of the Kyrgyz Republic reported.

During...

Minister of Economy and Commerce of Kyrgyzstan Daniyar Amangeldiev met with Ambassador of Kazakhstan to the Kyrgyz Republic Rapil Zhoshybaev, the press service of the ministry reported.

The sides discussed preparations for the upcoming 10th meeting of the Kyrgyz-Kazakhstani IPU, which will be held on April 29, 2022 in Bishkek and...

MInister of Foreign Affairs of Kyrgyzstan Ruslan Kazakbaev held a regular meeting with the heads of the embassies, consulates general, permanent missions of the Kyrgyz Republic to international organizations in the format of the videoconferencing with the participation of the heads of structural divisions of the Ministry of Foreign Affairs...

Consul General of Kyrgyzstan in Yekaterinburg Ruslan Biybosunov held a meeting with Minister of International and Foreign Economic Relations of Sverdlovsk Region of Russia Vyacheslav Yarin, the Ministry of Foreign Affairs of the Kyrgyz Republic reported.

The interlocutors exchanged congratulations on the occasion of the 30th anniversary of the establishment of...

There is no serious outflow of labor migrants from Russia. Vadim Kozhenov, president of the Federation of Migrants of Russia, said at a press conference in Moscow.

According to him, there is no outflow of migrants so far. He added that there are about 8-9 million labor migrants in Russia.

As Vadim Kozhenov noted, withdrawal of foreign companies did not affect the work of migrants. The number of migrants in Russia almost does not change...

Minister of Economy and Commerce of Kyrgyzstan Daniyar Amangeldiyev met with the Ambassador of the Slovak Republic to the Kyrgyz Republic Milan Kollar (with residence in Nur-Sultan).

During the meeting, the sides noted the development of bilateral trade and economic ties and the prospects for cooperation in various fields, the press...

The dollar exchange rate in the Kyrgyz capital began to rise again.

In commercial banks of Kyrgyzstan, the dollar is bought at KGS 88, and sold at KGS 90.

The official rate of the dollar in the National Bank is KGS 85.76.

On March 30, the financial regulator purchased $5.4 million for the...

Contract on organizing and holding the Eurasian Economic Forum in Bishkek in May 2022 has been concluded. The Eurasian Economic Commission (EEC) reported.

The forum will be organized by Ya Kochevnik LLC. The contractor will undertake to solve all organizational, technical, logistical and other issues related to the Eurasian Economic Forum, which is to be held on May 26-27.

The First Deputy Chairman of the...

Andijan will host the Kyrgyz-Uzbek Economic Business Forum in May 2022. The Chamber of Commerce and Industry of Kyrgyzstan reported.

According to it, it is planned to organize a trip to Samarkand and Bukhara for Kyrgyz entrepreneurs. Representatives of the two countries agreed on this during a meeting of the Council of Presidential Envoys of the Kyrgyz Republic to the border areas and khokims of the border regions...

Bishkek City Council approves budget of Bishkek for 2022. The decision was made at its session today.

Earlier, the First Vice Mayor of the capital Mirlan Baigonchokov said that the budget had been increased to 15 billion soms, or by 3.3 billion.

«Of these, 1.8 billion — at the expense tax revenues, and we plan to receive 2 billion through the Municipal Property Management Department,» he said.

The...

The euro weakened on Tuesday with the Swiss franc and the Swedish crown the winners as French election worries and the chance of more sanctions against Russia unnerved investors.

French financial markets acknowledged the possibility of far-right candidate Marine Le Pen beating President Emmanuel Macron in this month's elections, with sharp...

European shares finished mostly lower after the European Union unveiled a new sanctions package against Moscow, including a ban on Russian trucks and ships entering the bloc, after evidence emerged of war crimes in Ukraine.

"There's no end to the uncertainty, which makes the resilience we're seeing in stock markets all the more...

"I welcome the signing of a conditional agreement between Centerra Gold, Kyrgyzaltyn and the Government of the Kyrgyz Republic to resolve the Kumtor Mine issue and related disputes," Canadian Ambassador Alan Hamson said.

"I hope that all conditions to the agreement are satisfied in full very soon, and all the parties...

A proposed money-spinner may be at odds with Islamic mores. The debate is playing out in parliament.

Kyrgyzstan’s government is hoping to reopen casinos – this time for foreigners only – but concerns from the Muslim community are dogging the project and hinting at tensions in the country’s leadership. 

Casinos in Kyrgyzstan...

Centerra Gold Inc. announced that it has entered into a global arrangement agreement with Kyrgyzaltyn JSC and the Government of the Kyrgyz Republic to effect a clean separation of the parties, including through the disposition of Centerra’s ownership of the Kumtor mine and investment in the Kyrgyz Republic, the elimination of Kyrgyzaltyn’s involvement and interest in the company, and the resolution...

All income since the introduction of external management at Kumtor mine is transferred to Kyrgyzstan. The President of the republic announced live on Monday.

According to Sadyr Japarov, Kumtor’s income received since May 15, 2021 in the amount of $323 million is transferred to the Kyrgyz Republic.

«In addition, Centerra will pay dividends for three quarters of last year in the amount of $11 million. The company will also...

Gold inched lower on Tuesday as the U.S. dollar held firm on rising prospects of more Russian sanctions, and bigger interest-rate hikes by the Federal Reserve to rein in inflation.

Spot gold was down 0.2% at $1,929.60 per ounce by 0203 GMT. U.S. gold futures were flat at $1,933.60.

The dollar index...

Copper prices rose to a four-week high on Tuesday as a fall in output from top producer Chile and pressure for more sanctions on Russia, another large producer, raised supply risks.

Benchmark copper on the London Metal Exchange (LME) was up 0.4% at $10,514.50 a tonne by 1004 GMT, after reaching...

A delegation of representatives of government agencies of the Kyrgyz Republic took part in the 9th World Water Forum in Dakar, Senegal.

According to the press service of the Ministry of Foreign Affairs of the Kyrgyz Republic, the purpose of the forum under the theme «Water security for peace and development» was to accelerate and effectively implement the global water agenda, which...

Nearly 900 kilograms of ice cream have been exported from Kyrgyzstan to Novosibirsk city. The Department of Rosselkhoznadzor for the region reported.

According to it, almost a ton of ice cream was delivered to a Novosibirsk organization by trucks from the company, which has the right to supply products to Russia.

From January to early April 2022, it was the third batch of imported Kyrgyz ice...

The State Committee for National Security of Kyrgyzstan (SCNS) revealed facts of mass production and sale of flour at an inflated cost with a fake trademark, imported from neighboring countries. Press center of the state committee reported.

According to its data, wholesale and retail cost of flour produced by importers is about 1,500 soms per 50 kilograms in the local market.

It was found out that...

Chicago wheat climbed on Tuesday as worse-than-expected U.S. crop conditions added to global supply concerns already heightened by Russia's invasion of Ukraine.

Corn and soybeans were also higher, bolstered as U.S. growers weigh last-minute planting decisions.

The most active wheat contract on the Chicago Board of Trade (CBOT) ended 35 cents higher...

President of Kyrgyzindustria OJSC Zharasul Abduraimov presented a number of projects to the delegation from Uzbekistan at the fourth meeting of the Council of Plenipotentiaries of the President of the Kyrgyz Republic in the border areas and akims of the border regions of Uzbekistan.

During the meeting, issues of development of...

An agreement was signed on the establishment of the Kyrgyz-Uzbek production of medical products. The Chamber of Commerce and Industry reported.

According to it, the Agency for Development of Pharmaceutical Industry under the Ministry of Health of Uzbekistan and Ayu Pharm LLC (part of Ayu Holding, Kyrgyzstan) will cooperate in this direction.

The document provides for the development of investment cooperation in the pharmaceutical industry....

A garment factory employing 50 people was opened in Ak-Olon village, Ton district of Kyrgyzstan. The Development Fund of Issyk-Kul region reported.

In 2021, a businesswoman Aizat Zhusup kyzy wrote a project for opening a garment factory and submitted an application to the Development Fund. The project was supported and provided with an interest-free loan in the amount of 2 million soms. The factory is already operating...

Oil prices rose on Tuesday as Europe announced plans to impose new sanctions on Russian oil imports to punish Moscow over alleged war crimes in Ukraine, raising concerns over tighter global supply.

Brent crude was up $1.10, or 1%, to $108.63 a barrel at 1334 GMT. U.S. West Texas Intermediate was up $1.12,...

British and Dutch gas prices were down on Tuesday morning driven by relatively soft demand but concerns remain about Russian supply and possible fresh sanctions over the war in Ukraine.

In the British gas market, the day-ahead price was 7.00 pence lower at 225.00 pence per therm by 0852 GMT.

In the...

Delegation of Kyrgyzpatent headed by Director of Kyrgyzpatent Rahat Kerimbaeva visited the Main Copyright Office of the Ministry of Culture and Tourism of Turkey on April 5.

The press service of Kyrgyzpatent reported that the delegation was met by Director General of the Turkish Copyright Office Ziya Tashkent.

The visit took place...

One of the most important issues of state development is digitalization. This topic has been important for Kyrgyzstan for several years. Now, real steps are being taken to increase the pace of digitalization of the republic. To date, much work has been done in this area. Government agencies are actively...

Russian S7 Airlines resumes flights to Kyrgyzstan in April. Website of the airline’s booking system says.

One of the largest Russian airlines announced resumption of regular flights to Kyrgyzstan.

They will be operated daily on the routes Moscow — Osh — Moscow, Novosibirsk — Osh — Novosibirsk, Novosibirsk — Bishkek — Novosibirsk.

It is noted that the flights will be operated by Boeing 737-800. At present, the airline has 19 aircraft of this type.

Another Russian airline,...

April 05, 2022 (GLOBE NEWSWIRE) -- Just released, this edition of BuddeComm report outlines the latest developments and key trends in the telecoms markets. - https://www.budde.com.au/Research/Kyrgyzstan-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses/?utm_source=GNW

The Ministry of Digital Development released new plans at the start of 2022, rescheduling the first round of 5G test launches to the end of the...

President of Kyrgyzstan Sadyr Japarov signed the Law «On regulation of land and legal relations». Press service of the head of state reported.

The law was adopted by the Parliament of the Kyrgyz Republic on March 17, 2022. It determines the legal basis, conditions and procedure for the land amnesty.

The law regulates implementation by the state of the land amnesty to secure the property...

The delegation of Kyrgyzstan headed by Minister of Education and Science Almazbek Beishenaliev will take part in the sixth meeting of heads of ministries and agencies of science and technology of the member states of the Shanghai Cooperation Organization (SCO) in Tashkent, the press service of the Embassy of the...

Directors of kindergartens, lyceums and colleges will be selected on a competitive basis. The Minister of Education and Science of Kyrgyzstan Almazbek Beishenaliev told.

«Selection of directors of kindergartens, schools, vocational lyceums and colleges will be carried out on a competitive basis. Thus, the human factor is completely eliminated. Results of the competition will be determined on the basis of situational tasks and computer testing with instant...

A round table «Presentation of results of study of remedies for domestic violence existing at the national level» was held in Bishkek. Press service of the President reported.

According to it, the Commissioner for Children’s Rights Asel Chynbaeva participated in the event. She drew attention to the persisting problem of domestic violence in Kyrgyzstan.

«Violence in the family as the basic unit of society undermines the foundations...

Russia’s balance of payments surplus could hit a historic high this year, amounting to $200-$300 billion, business news outlet RBC reported on Monday. Economists polled by RBC have predicted record capital inflows into the country, despite the tightening Western sanctions.

They pointed to major factors behind the inflow, such as the...

Russia’s energy revenue is expected to skyrocket this year if trading partners continue purchases of oil and gas from the sanction-hit country.

Russia will get an estimated $321 billion in energy exports in 2022, marking a surge of more than a third compared to last year, according to a Bloomberg analysis...

The EU’s foreign policy chief, Josep Borrell, has commended the Russian ruble on its resilience in the face of international sanctions, imposed in light of the ongoing military conflict in Ukraine.

“The rouble has shown a strong resistance capacity. Putin now insists that they pay him for gas in roubles to...

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 290 pips to 6.3799 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity...

China's futures market was less active in March, with the turnover shrinking 5.26 percent year on year, according to the China Futures Association.

The turnover of China's futures market fell to 56.92 trillion yuan (about 8.96 trillion U.S. dollars) last month, the association said.

In the first quarter of 2022, the turnover...

China's central bank announced Saturday that its digital yuan pilot program will be expanded to more domestic cities following its successful operation over the past years.

The digital fiat currency, or e-CNY, will be accessible in Tianjin and Chongqing municipalities, Guangzhou in south China's Guangdong province, Fuzhou and Xiamen in east...