Issue 1495 - 15.10.2024
15.10.2024

Investment forum in Batken signs agreements worth over USD 2 bln

Batken Region of Kyrgyzstan hosted on Oct. 12 the 2nd Investment Forum Development of Batken-Development of the Country, which resulted in the signing of investment agreements for more than USD2 billion.

The National Agency for Investment under the President reported that key agreements aimed at stimulating investment in the region were signed:

an agreement with Kyrgyz Guanda for $300 million,

an agreement with SanEnergyCo for $230 mln,

a memorandum of cooperation between the Batken Region state administration in Batken Region and Fergana Region of Uzbekistan in the field of tourism,

as well as an investment agreement between the Ministry of Energy and LV Ziyuan for $1 billion 670 million.

“Hardworking and aspiring people who are ready for change live here. We have rich natural resources and cultural heritage, which creates excellent conditions for the development of agriculture, tourism and business. We are actively working to improve the investment climate, making Batken attractive for investors,” First Deputy Chairman of the Cabinet of Ministers Adylbek Kasymaliev said.

Special attention was paid to the development of infrastructure and creation of favourable conditions for doing business. The government is actively investing in transportation and social projects that will help the region to unlock its economic potential and improve the quality of life of local residents.

Reported by Kabar (Kyrgyzstan).

Kyrgyzstan General

15.10.2024

West should not tell Kyrgyzstan not to cooperate with Russia: Sadyr Zhaparov

The President of Kyrgyzstan gave an interview to Kremlin pool journalist Pavel Zarubin during his working visit to Moscow. He published a fragment of the interview on his Telegram channel.

Sadyr Zhaparov said that the West should not tell Russia’s partners anything. He believes that European countries say one thing, but...

The President of Kyrgyzstan gave an interview to Kremlin pool journalist Pavel Zarubin during his working visit to Moscow. He published a fragment of the interview on his Telegram channel.

Sadyr Zhaparov said that the West should not tell Russia’s partners anything. He believes that European countries say one thing, but...

15.10.2024

45 new objects open in different regions of Kyrgyzstan

As part of the celebration of the 25th anniversary of the Batken Region, as well as the 100th anniversary of Kara-Kyrgyz Autonomous Region, 45 new facilities have been simultaneously opened in different regions of Kyrgyzstan.

The Cabinet of Ministers of Kyrgyzstan reported that the opening was held online under the leadership...

As part of the celebration of the 25th anniversary of the Batken Region, as well as the 100th anniversary of Kara-Kyrgyz Autonomous Region, 45 new facilities have been simultaneously opened in different regions of Kyrgyzstan.

The Cabinet of Ministers of Kyrgyzstan reported that the opening was held online under the leadership...

15.10.2024

UNICEF hands over computers and personal protective equipment to Kyrgyzstan

UNICEF handed over 117 computers and over 9,500 items of personal protective equipment, including face shields, to the Ministry of Health of Kyrgyzstan. The computers will enhance the operations of the E-Health Centre, particularly in the management of birth registrations at maternity homes. Meanwhile, personal protective equipment will be utilised...

UNICEF handed over 117 computers and over 9,500 items of personal protective equipment, including face shields, to the Ministry of Health of Kyrgyzstan. The computers will enhance the operations of the E-Health Centre, particularly in the management of birth registrations at maternity homes. Meanwhile, personal protective equipment will be utilised...

Finance and Investment

15.10.2024

European Bank for Reconstruction and Development provides loan and grant for water supply and treatment facilities

The European Bank for Reconstruction and Development will provide 17 million for the project "Rehabilitation of water supply systems in the cities of Shopokov, Kemin, Talas (phase II)". The Committee on Agrarian Policy, Water Resources, Ecology and Regional Development of the Parliament of Kyrgyzstan approved the receipt of funds.

According to...

The European Bank for Reconstruction and Development will provide 17 million for the project "Rehabilitation of water supply systems in the cities of Shopokov, Kemin, Talas (phase II)". The Committee on Agrarian Policy, Water Resources, Ecology and Regional Development of the Parliament of Kyrgyzstan approved the receipt of funds.

According to...

15.10.2024

Bishkek Mayor, Russian Ambassador discuss participation in improvement projects

Mayor of Bishkek Aibek Dzhunushaliev met with Ambassador Extraordinary and Plenipotentiary of the Russian Federation Sergei Vakunov. The Russian diplomatic mission reported this on its Telegram channel.

"Participation of Russian companies in various projects for the improvement of Kyrgyzstan’s capital was discussed. Prospects for bilateral cooperation and exchange of experience between...

Mayor of Bishkek Aibek Dzhunushaliev met with Ambassador Extraordinary and Plenipotentiary of the Russian Federation Sergei Vakunov. The Russian diplomatic mission reported this on its Telegram channel.

"Participation of Russian companies in various projects for the improvement of Kyrgyzstan’s capital was discussed. Prospects for bilateral cooperation and exchange of experience between...

Metals and Minerals

15.10.2024

Kumtor Gold Company exceeds its revenue plan by 25.1%

Kumtor Gold Company has overfilled its revenue plan by 25.1%. This is stated in the company's data for 9 months.

The company's revenue for this period totalled $579.8 million, exceeding the plan of $463.4 million. Net profit amounted to $216.6 million, $87.9 million above the plan.

For the three quarters of 2024,...

Kumtor Gold Company has overfilled its revenue plan by 25.1%. This is stated in the company's data for 9 months.

The company's revenue for this period totalled $579.8 million, exceeding the plan of $463.4 million. Net profit amounted to $216.6 million, $87.9 million above the plan.

For the three quarters of 2024,...

15.10.2024

Gold ounce at National Bank of Kyrgyzstan goes up by 2,468 KGS

The repurchase price of an ounce of gold bullion bars of the National Bank of Kyrgyzstan for 14 October has been set at 229,175.5 KGS.

A day earlier, the regulator bought from the population bullion weighing 31.1035 grams at 226,689.5 KGS. Thus, an ounce of gold increased in price by 2,468...

The repurchase price of an ounce of gold bullion bars of the National Bank of Kyrgyzstan for 14 October has been set at 229,175.5 KGS.

A day earlier, the regulator bought from the population bullion weighing 31.1035 grams at 226,689.5 KGS. Thus, an ounce of gold increased in price by 2,468...

Energy Industry

15.10.2024

Energy Ministers of Kyrgyzstan, Uzbekistan and Kazakhstan discuss cooperation issues

The Ministry of Energy of Uzbekistan hosted a meeting of the energy and water ministers from Uzbekistan, Kyrgyzstan and Kazakhstan on 12 October.

The event was attended by Minister of Energy of Uzbekistan Jurabek Mirzamakhodov, Minister of Water Resources of Uzbekistan Shavkat Khamraev, Minister of Energy of Kazakhstan Almastad Satkaliev, Minister...

The Ministry of Energy of Uzbekistan hosted a meeting of the energy and water ministers from Uzbekistan, Kyrgyzstan and Kazakhstan on 12 October.

The event was attended by Minister of Energy of Uzbekistan Jurabek Mirzamakhodov, Minister of Water Resources of Uzbekistan Shavkat Khamraev, Minister of Energy of Kazakhstan Almastad Satkaliev, Minister...

Agriculture

15.10.2024

Bishkek hosts annual AgroTechExpo exhibition and Golden Autumn fair

Bishkek will host the national agro-industrial exhibition AgroTechExpo-2024 and the Golden Autumn food fair on October 18 – 20, Nurlanbek Kozhogulov, Director of the Department of Cooperation, Mechanisation of Innovative Technologies under the Ministry of Agriculture told reporters at a press conference at Kabar.

“The number of exhibition participants is growing...

Bishkek will host the national agro-industrial exhibition AgroTechExpo-2024 and the Golden Autumn food fair on October 18 – 20, Nurlanbek Kozhogulov, Director of the Department of Cooperation, Mechanisation of Innovative Technologies under the Ministry of Agriculture told reporters at a press conference at Kabar.

“The number of exhibition participants is growing...

15.10.2024

Bakyt Torobaev holds meeting on wool processing resumption in Tokmok city

According to the Ministry of Water Resources, Agriculture and Processing Industry's press service, minister Bakyt Torobaev has conducted a field meeting on the expansion and resumption of activity of the ‘Tokmok-POSH’ enterprise on the processing of wool of RAFA and K in the city of Tokmok. 

During the meeting, the Minister...

According to the Ministry of Water Resources, Agriculture and Processing Industry's press service, minister Bakyt Torobaev has conducted a field meeting on the expansion and resumption of activity of the ‘Tokmok-POSH’ enterprise on the processing of wool of RAFA and K in the city of Tokmok. 

During the meeting, the Minister...

Communications and Transportation

15.10.2024

South Korea resumes transit of used Japanese cars to Kyrgyzstan

After a long break, South Korea has resumed the transit of used Japanese cars via Vladivostok to Kyrgyzstan. The city authorities reported.

The cars are being transited from the South Korean port of Sokcho. From August to October, Sokcho received 525 cars, which then arrived in Vladivostok and from there will...

After a long break, South Korea has resumed the transit of used Japanese cars via Vladivostok to Kyrgyzstan. The city authorities reported.

The cars are being transited from the South Korean port of Sokcho. From August to October, Sokcho received 525 cars, which then arrived in Vladivostok and from there will...

15.10.2024

Kyrgyzstan's tourism potential presented to Pakistani tour operators

Ambassador of Kyrgyzstan to Pakistan Avazbek Atakhanov presented Kyrgyzstan’s tourism potential to representatives of international Pakistani tour operators. The Ministry of Foreign Affairs of Kyrgyzstan reported.

According to the press service of the Ministry of Foreign Affairs, the ambassador noted the main social and economic achievements of Kyrgyzstan over the past...

Ambassador of Kyrgyzstan to Pakistan Avazbek Atakhanov presented Kyrgyzstan’s tourism potential to representatives of international Pakistani tour operators. The Ministry of Foreign Affairs of Kyrgyzstan reported.

According to the press service of the Ministry of Foreign Affairs, the ambassador noted the main social and economic achievements of Kyrgyzstan over the past...

Regional News

15.10.2024

Russian economy slows down

Leading indicators (GDP proxy) point to the continued cooling of economic growth in Russia in August-September. A fresh weekly monitoring by analysts at the Institute of Transitional Economies of the Central Bank of Finland (BOFIT), based on estimates by the Ministry of Economy and the dynamics of output of basic...

Leading indicators (GDP proxy) point to the continued cooling of economic growth in Russia in August-September. A fresh weekly monitoring by analysts at the Institute of Transitional Economies of the Central Bank of Finland (BOFIT), based on estimates by the Ministry of Economy and the dynamics of output of basic...

15.10.2024

Russian market tries to determine direction

The Russian stock market started the new week with uncertain dynamics in a narrow range. On Monday, October 14, by 14.45 Moscow time, the Moscow Stock Exchange index grows by 0.34% to 2,764.37 points. A possible increase in the Central Bank's key rate at the October meeting to 20% is...

The Russian stock market started the new week with uncertain dynamics in a narrow range. On Monday, October 14, by 14.45 Moscow time, the Moscow Stock Exchange index grows by 0.34% to 2,764.37 points. A possible increase in the Central Bank's key rate at the October meeting to 20% is...

15.10.2024

High-performance jobs in Russia cannot help enterprises overcome constraints

More than a decade ago, the country set the goal of creating 25 million high-performance jobs. This was required to increase the efficiency of production and the standard of living of employees. By 2024, there are about 24 million such places. However, this did not help to reduce restrictions on...

More than a decade ago, the country set the goal of creating 25 million high-performance jobs. This was required to increase the efficiency of production and the standard of living of employees. By 2024, there are about 24 million such places. However, this did not help to reduce restrictions on...

15.10.2024

Complication of business sale rules keeps foreigners in Russia

The new tightening of the rules for the withdrawal of foreign owners from Russian assets will significantly slow down this process, experts interviewed by Kommersant believe. After increasing the discount on the transaction and the contribution to the budget to a total of 95% of the market value of the...

The new tightening of the rules for the withdrawal of foreign owners from Russian assets will significantly slow down this process, experts interviewed by Kommersant believe. After increasing the discount on the transaction and the contribution to the budget to a total of 95% of the market value of the...