Issue 847 - 16.04.2021
16.04.2021

Kyrgyz industry continues to beat anti-records

Kyrgyzstan continues to break anti-records. Industrial production in the republic in January-March fell by almost 18% compared to the same period last year. The value of manufactured products amounted to about 73 billion som. This was reported by the National Statistical Committee.

The decline is associated with a decline in the production of basic metals and finished metal products, except for machinery and equipment by 38% and chemical products by 28%.

The decline in textile production amounted to 16%, in the mining industry to 18%.

In addition to industry, negative trends were also observed in construction, where the decline in volumes amounted to 20%, wholesale and retail trade to 11%. In agriculture, on the other hand, volumes increased by almost 1%.

Reported by Asiais (Russia).

Kyrgyzstan General

16.04.2021

Opposition in Kyrgyzstan uses elections for new protests

The CEC of Kyrgyzstan has already published the preliminary results of the April 11 referendum, according to which almost 80% of citizens approved the draft of the new Constitution. They again tried to challenge the results of the local elections held on the same day. In Bishkek, a local protest...

The CEC of Kyrgyzstan has already published the preliminary results of the April 11 referendum, according to which almost 80% of citizens approved the draft of the new Constitution. They again tried to challenge the results of the local elections held on the same day. In Bishkek, a local protest...

16.04.2021

Kyrgyzstanis support new Constitution

More than 1 million 336 thousand citizens of Kyrgyzstan, or 37% of voters registered in the republic, took part in the referendum held the day before. According to the law, this is enough to consider the plebiscite valid.

Dastan Bekeshev, member of the Parliament of Kyrgyzstan, told 24.kg news agency...

More than 1 million 336 thousand citizens of Kyrgyzstan, or 37% of voters registered in the republic, took part in the referendum held the day before. According to the law, this is enough to consider the plebiscite valid.

Dastan Bekeshev, member of the Parliament of Kyrgyzstan, told 24.kg news agency that after the...

Finance and Investment

16.04.2021

Kyrgyzstan plans to receive 15.4 billion som annually from issue of government securities in 2021-2023

The receipt of funds from the issue of government securities for 2021-2023 is planned for each year in the amount of 15.4 billion som. This is stated in the draft national budget of Kyrgyzstan for 2021 and the forecast for 2022-2023.

However, the receipt of funds from the issue of government...

The receipt of funds from the issue of government securities for 2021-2023 is planned for each year in the amount of 15.4 billion som. This is stated in the draft national budget of Kyrgyzstan for 2021 and the forecast for 2022-2023.

However, the receipt of funds from the issue of government...

16.04.2021

State budget of Kyrgyzstan receives more than 5 billion som from State Committee for National Security

Since October 2020, the State Committee for National Security has reimbursed more than 5 billion som to the state budget, the department said.

Out of 5 billion som, 2 billion som were reimbursed in the form of property, more than 3 billion som in the form of cash.

Part of the funds...

Since October 2020, the State Committee for National Security has reimbursed more than 5 billion som to the state budget, the department said.

Out of 5 billion som, 2 billion som were reimbursed in the form of property, more than 3 billion som in the form of cash.

Part of the funds...

16.04.2021

Deficit of national budget of Kyrgyzstan for 2021 amounts to KGS8.4 billion or 1.3% of GDP

The deficit of the national budget for 2021 will amount to 8 billion 463.2 million som or 1.3% of GDP, with an increase of 509.7 million som relative to the approved budget of 2020. This is stated in the draft national budget of Kyrgyzstan for 2021 and the forecast for...

The deficit of the national budget for 2021 will amount to 8 billion 463.2 million som or 1.3% of GDP, with an increase of 509.7 million som relative to the approved budget of 2020. This is stated in the draft national budget of Kyrgyzstan for 2021 and the forecast for...

16.04.2021

Budget of Kyrgyzstan receives additional 76.4 million som in Q1 2021

In the first quarter of 2021, the anti-smuggling units of the Customs Service revealed 768 facts of violations. This was reported by the press service of the department.

Of the total:

693 facts were registered in the Unified Register of Violations, fines were collected in the amount of 2.9 million som and...

In the first quarter of 2021, the anti-smuggling units of the Customs Service revealed 768 facts of violations. This was reported by the press service of the department.

Of the total:

693 facts were registered in the Unified Register of Violations, fines were collected in the amount of 2.9 million som and...

16.04.2021

Banking sector provides growth of profit of financial organisations in Kyrgyzstan

In 2020, 642 organisations functioned in the financial sector of the economy, including the National Bank, 23 commercial banks, 600 non-bank financial and credit organisations, 15 insurance companies and 3 investment funds. This is reported by the National Statistical Committee.

In 2020, the total income of organisations in the financial sector...

In 2020, 642 organisations functioned in the financial sector of the economy, including the National Bank, 23 commercial banks, 600 non-bank financial and credit organisations, 15 insurance companies and 3 investment funds. This is reported by the National Statistical Committee.

In 2020, the total income of organisations in the financial sector...

16.04.2021

Greenback veers up on US economic illusions

The dollar index edged higher on Thursday in choppy trading as investors balanced bullish data showing U.S. retail sales rebounded sharply in March against a continued drop in U.S. Treasury yields. Retail sales increased 9.8% last month, the Commerce Department said on Thursday, beating economists' expectations for a 5.9% increase.

A...

The dollar index edged higher on Thursday in choppy trading as investors balanced bullish data showing U.S. retail sales rebounded sharply in March against a continued drop in U.S. Treasury yields. Retail sales increased 9.8% last month, the Commerce Department said on Thursday, beating economists' expectations for a 5.9% increase.

A...

16.04.2021

Stock markets show resilience to fresh political trouble

Major global stock indexes scaled new peaks on Wednesday after upbeat U.S. and European earnings pointed to a strong recovery from the coronavirus pandemic, while the dollar dipped to three-week lows as Treasury yields held below recent highs.

High-flying growth stocks declined on Wall Street, sending the benchmark S&P 500 and...

Major global stock indexes scaled new peaks on Wednesday after upbeat U.S. and European earnings pointed to a strong recovery from the coronavirus pandemic, while the dollar dipped to three-week lows as Treasury yields held below recent highs.

High-flying growth stocks declined on Wall Street, sending the benchmark S&P 500 and...

16.04.2021

EAEU improves procedure for formation of official statistics

This was discussed at the 18th meeting of the advisory committee on statistics under the Board of the Eurasian Economic Commission, which was held on April 14 in Moscow under the chairmanship of the Minister for Integration and Macroeconomics of the EEC Sergei Glazyev.

The focus was on the acute issues...

This was discussed at the 18th meeting of the advisory committee on statistics under the Board of the Eurasian Economic Commission, which was held on April 14 in Moscow under the chairmanship of the Minister for Integration and Macroeconomics of the EEC Sergei Glazyev.

The focus was on the acute issues...

Metals and Minerals

16.04.2021

Kyrgyzstan's economic recovery largely depends on Kumtor

The Eurasian Development Bank predicts a recovery in economic growth in Kyrgyzstan this year. The dynamics of growth in the medium term will largely be determined by production indicators at Kumtor. This is stated in the bank's macroeconomic review.

According to EDB economists, the GDP growth of Kyrgyzstan this year will...

The Eurasian Development Bank predicts a recovery in economic growth in Kyrgyzstan this year. The dynamics of growth in the medium term will largely be determined by production indicators at Kumtor. This is stated in the bank's macroeconomic review.

According to EDB economists, the GDP growth of Kyrgyzstan this year will...

16.04.2021

Other precious metals join bullion in rally

Gold gained on Thursday as a weaker dollar and Treasury yields bolstered bullion's appeal, ahead of U.S. weekly jobless claims and retail sales data that will shed light on the pace of recovery in the world's largest economy.

Spot gold rose 0.5% to $1,744.30 per ounce by 1153 GMT. U.S. gold...

Gold gained on Thursday as a weaker dollar and Treasury yields bolstered bullion's appeal, ahead of U.S. weekly jobless claims and retail sales data that will shed light on the pace of recovery in the world's largest economy.

Spot gold rose 0.5% to $1,744.30 per ounce by 1153 GMT. U.S. gold...

16.04.2021

Aluminium keeps thriving amidst mixed base metals performance

Aluminium hit its highest level since May 2018 on Thursday over fears that top producer China could further cut output to reduce emissions, while a weaker dollar made metals broadly more attractive.

Benchmark three-month aluminium on the London Metal Exchange (LME) was up 1.1% at $2,349 a tonne at 1050 GMT,...

Aluminium hit its highest level since May 2018 on Thursday over fears that top producer China could further cut output to reduce emissions, while a weaker dollar made metals broadly more attractive.

Benchmark three-month aluminium on the London Metal Exchange (LME) was up 1.1% at $2,349 a tonne at 1050 GMT,...

Energy Industry

16.04.2021

National Electric Stations of Kyrgyzstan overhaul equipment of Toktogul HPP cascade for almost 13 million som

Electric Stations has announced a tender for the overhaul of the equipment of the Toktogul HPPs Cascade, the budget is indicated including VAT-12%, according to the government procurement portal.

The procurement format is standard, the procurement method is one-stage.

The planned amount is 12 million 999 thousand 840 som.

The deadline for submitting...

Electric Stations has announced a tender for the overhaul of the equipment of the Toktogul HPPs Cascade, the budget is indicated including VAT-12%, according to the government procurement portal.

The procurement format is standard, the procurement method is one-stage.

The planned amount is 12 million 999 thousand 840 som.

The deadline for submitting...

Agriculture

16.04.2021

Drought concerns keep US wheat contract prices up

U.S. corn futures dipped on Thursday, pressured by commercial hedging after spiking above $6 a bushel for the first time since June 2013 during the overnight trading session.

Wheat futures were firmer for the third day in a row, rising to their highest since early March, with persistent concerns about dryness...

U.S. corn futures dipped on Thursday, pressured by commercial hedging after spiking above $6 a bushel for the first time since June 2013 during the overnight trading session.

Wheat futures were firmer for the third day in a row, rising to their highest since early March, with persistent concerns about dryness...

16.04.2021

Unification of national legislation helps cooperation of EAEU countries in breeding and seed production

The issues of developing breeding and seed production, increasing the self-sufficiency of the states of the Eurasian Economic Union with their own seeds of agricultural crops were discussed by representatives of state bodies, the business community, industry public associations, scientific and educational organisations of the EAEU countries within the framework...

The issues of developing breeding and seed production, increasing the self-sufficiency of the states of the Eurasian Economic Union with their own seeds of agricultural crops were discussed by representatives of state bodies, the business community, industry public associations, scientific and educational organisations of the EAEU countries within the framework...

Manufacturing industry

16.04.2021

Eurasian Economic Commission and Eurasian Development Bank identify areas of cooperation in transport and infrastructure

On April 12, a delegation of the Eurasian Economic Commission headed by Minister of Energy and Infrastructure Emil Kaikiev discussed with Deputy Chairman of the Board of the Eurasian Development Bank Tigran Sargsyan the directions of cooperation in the field of transport and energy.

The meeting discussed the issues of financing...

On April 12, a delegation of the Eurasian Economic Commission headed by Minister of Energy and Infrastructure Emil Kaikiev discussed with Deputy Chairman of the Board of the Eurasian Development Bank Tigran Sargsyan the directions of cooperation in the field of transport and energy.

The meeting discussed the issues of financing...

Oil and Gas Sector

16.04.2021

Brent within margin, target of $80/b set

Oil prices eased on Thursday but remained close to a one-month high that was driven by more positive demand forecasts from the International Energy Agency (IEA) and OPEC as economies start to recover from the COVID-19 pandemic.

Brent crude was down 21 cents, or 0.3%, at $66.37 a barrel by 1351...

Oil prices eased on Thursday but remained close to a one-month high that was driven by more positive demand forecasts from the International Energy Agency (IEA) and OPEC as economies start to recover from the COVID-19 pandemic.

Brent crude was down 21 cents, or 0.3%, at $66.37 a barrel by 1351...

16.04.2021

LNG glut matching increased demand keeps North Sea region’s natural gas prices dangling

British wholesale gas prices were mixed on Thursday morning in the face of strong demand for gas from power stations and high flows from the country’s liquefied natural gas (LNG) terminals.

The within-day contract was up 0.1 pence at 55.50 p/therm by 0948 GMT. The day-ahead contract was down 0.35 pence...

British wholesale gas prices were mixed on Thursday morning in the face of strong demand for gas from power stations and high flows from the country’s liquefied natural gas (LNG) terminals.

The within-day contract was up 0.1 pence at 55.50 p/therm by 0948 GMT. The day-ahead contract was down 0.35 pence...

Communications and Transportation

16.04.2021

China-Kyrgyzstan-Uzbekistan railway belt: strategic importance or vested interest

At a meeting of the Kyrgyz-Uzbek intergovernmental commission held in late March in Tashkent, the Uzbek side announced that it was ready to take part in the design and construction of individual sections of the China-Kyrgyzstan-Uzbekistan railway.

The news sparked interest. After all, the project for the construction of this railway...

At a meeting of the Kyrgyz-Uzbek intergovernmental commission held in late March in Tashkent, the Uzbek side announced that it was ready to take part in the design and construction of individual sections of the China-Kyrgyzstan-Uzbekistan railway.

The news sparked interest. After all, the project for the construction of this railway...

16.04.2021

Eurasian Economic Commission and Eurasian Development Bank identify areas of cooperation in transport and infrastructure

On April 12, a delegation of the Eurasian Economic Commission headed by Minister of Energy and Infrastructure Emil Kaikiev discussed with Deputy Chairman of the Board of the Eurasian Development Bank Tigran Sargsyan the directions of cooperation in the field of transport and energy.

The meeting discussed the issues of financing...

On April 12, a delegation of the Eurasian Economic Commission headed by Minister of Energy and Infrastructure Emil Kaikiev discussed with Deputy Chairman of the Board of the Eurasian Development Bank Tigran Sargsyan the directions of cooperation in the field of transport and energy.

The meeting discussed the issues of financing...

Regional News

16.04.2021

Golden passport, residence proposed for foreigners buying property or investing in Russia

A Russian government committee has approved proposals that would simplify the process of obtaining a residency permit for foreigners who buy real estate or put at least ten million rubles ($130,000) into the country's economy.

The so-called ‘golden passport’ scheme will enable wealthy migrants to buy a residence permit if investigations...

A Russian government committee has approved proposals that would simplify the process of obtaining a residency permit for foreigners who buy real estate or put at least ten million rubles ($130,000) into the country's economy.

The so-called ‘golden passport’ scheme will enable wealthy migrants to buy a residence permit if investigations...

16.04.2021

Russia’s equivalent to SWIFT to account for 30% of traffic by 2023

The Central Bank is planning to increase the share of financial messages through Russia’s equivalent to SWIFT by one-third, bringing it to 30% by 2023, according to the regulator’s strategy on developing the national payment system. Market participants believe that the mission is possible, given US pressure on the international...

The Central Bank is planning to increase the share of financial messages through Russia’s equivalent to SWIFT by one-third, bringing it to 30% by 2023, according to the regulator’s strategy on developing the national payment system. Market participants believe that the mission is possible, given US pressure on the international...

16.04.2021

Russia to cut 2021 borrowing plan

Russia will cut its 2021 state borrowing plan more than expected and will offer only new OFZ treasury bonds from June 14, the date after which U.S. banks will be barred from buying rouble-denominated Russian state debt, the finance ministry said.

The United States imposed a broad array of anti-Russian sanctions,...

Russia will cut its 2021 state borrowing plan more than expected and will offer only new OFZ treasury bonds from June 14, the date after which U.S. banks will be barred from buying rouble-denominated Russian state debt, the finance ministry said.

The United States imposed a broad array of anti-Russian sanctions,...

16.04.2021

As old JB strikes old chord, Russia’s currency, equity retreat

The Russian rouble tumbled on Thursday, at one point losing 2% to the dollar in volatile trade and hitting a more than five-month low versus the euro as the White House announced new sanctions targeting Russia’s sovereign debt.

U.S. President Joe Biden issued an executive order prohibiting U.S. financial institutions from...

The Russian rouble tumbled on Thursday, at one point losing 2% to the dollar in volatile trade and hitting a more than five-month low versus the euro as the White House announced new sanctions targeting Russia’s sovereign debt.

U.S. President Joe Biden issued an executive order prohibiting U.S. financial institutions from...

16.04.2021

China’s stock markets react negatively on macroeconomic updates

China stocks ended lower on Thursday, as worries about policy tightening mounted a day ahead of China’s first-quarter GDP data release.

The blue-chip CSI300 index fell 0.6% to close at 4,948.97, down 16.5% from an all-time high hit on Feb. 18, while the Shanghai Composite Index lost 0.5% to 3,398.99.

Analysts and...

China stocks ended lower on Thursday, as worries about policy tightening mounted a day ahead of China’s first-quarter GDP data release.

The blue-chip CSI300 index fell 0.6% to close at 4,948.97, down 16.5% from an all-time high hit on Feb. 18, while the Shanghai Composite Index lost 0.5% to 3,398.99.

Analysts and...

16.04.2021

China continues to attract foreign investors with soaring Q1 FDI

China remains a popular destination for overseas investors, with foreign direct investment (FDI) logging a substantial increase in the first quarter of this year.

FDI into the Chinese mainland surged 39.9 percent year on year in actual use to 302.47 billion yuan in the first quarter, the Ministry of Commerce said...

China remains a popular destination for overseas investors, with foreign direct investment (FDI) logging a substantial increase in the first quarter of this year.

FDI into the Chinese mainland surged 39.9 percent year on year in actual use to 302.47 billion yuan in the first quarter, the Ministry of Commerce said...

16.04.2021

Russia ready to join trans-Afghan railway project

On April 14, Uzbekistan’s President Shavkat Mirziyoyev and Pakistan’s Prime Minister Imran Khan held a video conference and discussed the issues of regional cooperation and fulfilling the trans-Afghan railway project, the Kabul Corridor, which will link Uzbekistan with the ports of Karachi and Gwadar in the Arabian Sea. Islamabad seeks...

On April 14, Uzbekistan’s President Shavkat Mirziyoyev and Pakistan’s Prime Minister Imran Khan held a video conference and discussed the issues of regional cooperation and fulfilling the trans-Afghan railway project, the Kabul Corridor, which will link Uzbekistan with the ports of Karachi and Gwadar in the Arabian Sea. Islamabad seeks...

16.04.2021

EAEU considers system analytics important element of international activity

Gohar Barseghyan, Director of the Integration Development Department of the Eurasian Economic Commission, stated this at the regional conference of the International Institute for Applied Systems Analysis, Systems Analysis in Eurasia, on April 13.

Gohar Barseghyan showed the need for objective and systematic analytical support for the practical interaction of key...

Gohar Barseghyan, Director of the Integration Development Department of the Eurasian Economic Commission, stated this at the regional conference of the International Institute for Applied Systems Analysis, Systems Analysis in Eurasia, on April 13.

Gohar Barseghyan showed the need for objective and systematic analytical support for the practical interaction of key...

16.04.2021

Dialogue of cultures in EAEU brings economic integration closer to people

This is the conclusion reached by the participants of the annual international media forum of young journalists, Dialogue of Cultures, which was held on April 14 in St. Petersburg for the fifteenth time. For the first time in the history of the forum, a separate session was devoted to the...

This is the conclusion reached by the participants of the annual international media forum of young journalists, Dialogue of Cultures, which was held on April 14 in St. Petersburg for the fifteenth time. For the first time in the history of the forum, a separate session was devoted to the...

Prices and Statistics

16.04.2021

Commodities

Date: April 16, 2021;Source: Bloomberg.com

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Date: April 16, 2021;Source: Bloomberg.com

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16.04.2021

Exchange rates

Date: April 16, 2021; Source: the National Bank of Kyrgyzstan
1 US DOLLAR USD / KGS 84,8000
1 EURO EUR / KGS 101,5734
1 RUSSIAN ROUBLE RUB / KGS 1,1224
1 KAZAKHSTAN TENGE KZT / KGS 0,1969

Date: April 16, 2021; Source: the National Bank of Kyrgyzstan

1 US DOLLAR

USD / KGS

84,8000

1 EURO

EUR / KGS

101,5734

1 RUSSIAN ROUBLE

RUB / KGS

1,1224

1 KAZAKHSTAN TENGE

KZT / KGS

0,1969