Issue 1522 - 02.12.2024
02.12.2024

FMs of Kyrgyzstan, China discuss issues of bilateral cooperation

Minister of Foreign Affairs of Kyrgyzstan Jeenbek Kulubaev met with Member of the Political Bureau of the Central Committee of the Communist Party of China, Minister of Foreign Affairs of China Wang Yi.

The meeting took place in China’s Chengdu within the framework of participation in the 5th China-Central Asia Foreign Ministers' Meeting.

During the meeting, stressing the notable intensification of cooperation between the two countries in recent years, the two ministers paid special attention to the need for further development of cooperation in trade and economic sphere.

In particular, the need for practical implementation of joint investment projects in agriculture, energy, processing industry, transport, banking sector, as well as optimization of the work of the Irkeshtam and Torugart checkpoints was emphasized.

Jeenbek Kulubaev and Wang Yi emphasized the importance of starting the construction phase of the China-Kyrgyzstan-Uzbekistan railroad, which will become an important link of the One Belt, One Road initiative. In this context, the parties noted the successful opening of the new Bedel checkpoint this year.

The Kyrgyz foreign minister emphasized the significant increase in the volume of exports of Kyrgyz products to China in 2024 and outlined the importance of further increasing it.

In addition, during the meeting he noted the importance of creating favorable conditions for mutual travel of citizens between the two countries.

The sides also exchanged views on cooperation within the UN, the SCO and interaction within the framework of the One Belt, One Road initiative, as well as important issues of regional and global agendas.

Reported by Kabar (Kyrgyzstan).

 

Kyrgyzstan General

02.12.2024

Kyrgyz head of state speaks at session of CSTO Collective Security Council

President of Kyrgyzstan Sadyr Japarov made a speech at the session of the CSTO Collective Security Council in Astana.

Kyrgyzstan will take over CSTO chairmanship from Kazakhstan in 2025.

The head of state assured that the country will make every effort to ensure the progressive development of the organization. Then he focused on areas of cooperation, primarily on strengthening foreign policy interaction by further using the...

President of Kyrgyzstan Sadyr Japarov made a speech at the session of the CSTO Collective Security Council in Astana.

Kyrgyzstan will take over CSTO chairmanship from Kazakhstan in 2025.

The head of state assured that the country will make every effort to ensure the progressive development of the organization. Then he focused on areas of cooperation, primarily on strengthening foreign policy interaction by further using the...

02.12.2024

During Kyrgyz President’s visit to Berlin, 17 bilateral documents were signed

Within the framework of the official visit of the President of the Kyrgyz Republic Sadyr Zhaparov in Berlin, a meeting with the Federal President of Germany Frank-Walter Steinmeier was held. The heads of state held talks in narrow and extended formats, discussing a wide range of issues of bilateral cooperation...

Within the framework of the official visit of the President of the Kyrgyz Republic Sadyr Zhaparov in Berlin, a meeting with the Federal President of Germany Frank-Walter Steinmeier was held. The heads of state held talks in narrow and extended formats, discussing a wide range of issues of bilateral cooperation...

Finance and Investment

02.12.2024

Kyrgyz National Bank announces cooling off period for online loans

The National Bank has decided to introduce a cooling-off period for online loans. This innovation is aimed at protecting citizens from fraudulent actions and wrongful obtaining of loans.

The essence is that after an online loan application is processed, the funds will not be transferred to the borrower for a certain...

The National Bank has decided to introduce a cooling-off period for online loans. This innovation is aimed at protecting citizens from fraudulent actions and wrongful obtaining of loans.

The essence is that after an online loan application is processed, the funds will not be transferred to the borrower for a certain...

02.12.2024

Business asks to extend moratorium on market inspections in Kyrgyzstan

President of the Association of Markets of Kyrgyzstan Sergei Ponomarev asked at the parliamentary hearings on amendments to legislative acts in the field of taxation to extend the moratorium on inspections of markets and fines for failure to use electronic consignment notes.

He noted that the moratorium is valid until December 31, 2024 and now the administrations of the markets are conducting explanatory work with sellers on the...

President of the Association of Markets of Kyrgyzstan Sergei Ponomarev asked at the parliamentary hearings on amendments to legislative acts in the field of taxation to extend the moratorium on inspections of markets and fines for failure to use electronic consignment notes.

He noted that the moratorium is valid until December 31, 2024 and now the administrations of the markets are conducting explanatory work with sellers on the...

Metals and Minerals

02.12.2024

Kyrgyzaltyn plans to adopt innovations and experience of Uzbek jewelers

At the end of November 2024, the Trade Mission of the Kyrgyz Republic under the Ministry of Economy in Uzbekistan organized a two-day program for Kyrgyzaltyn OJSC delegation, the economic department of the Kyrgyz Republic reported.

The purpose of the delegation was to get acquainted with the jewelry industry of Uzbekistan. The visit allowed the company’s representatives to study in detail the production...

At the end of November 2024, the Trade Mission of the Kyrgyz Republic under the Ministry of Economy in Uzbekistan organized a two-day program for Kyrgyzaltyn OJSC delegation, the economic department of the Kyrgyz Republic reported.

The purpose of the delegation was to get acquainted with the jewelry industry of Uzbekistan. The visit allowed the company’s representatives to study in detail the production...

Energy Industry

02.12.2024

Kyrgyzstan, Andritz Hydro sign Memorandum of Cooperation in energy sector

Minister of Energy of Kyrgyzstan Taalaibek Ibraev signed a Memorandum of Cooperation with the Director of the Austrian company Andritz Hydro Frederic Sauze during a working visit to Austria, the ministry reported.

The document is aimed at the development of energy projects in Kyrgyzstan.

As the ministry noted, the memorandum provides for the introduction of modern technologies and development of hydropower in the country.

Andritz Hydro is one of the...

Minister of Energy of Kyrgyzstan Taalaibek Ibraev signed a Memorandum of Cooperation with the Director of the Austrian company Andritz Hydro Frederic Sauze during a working visit to Austria, the ministry reported.

The document is aimed at the development of energy projects in Kyrgyzstan.

As the ministry noted, the memorandum provides for the introduction of modern technologies and development of hydropower in the country.

Andritz Hydro is one of the...

Agriculture

02.12.2024

Kyrgyzstan exports dried apples to Germany and Turkey

About 260 thousand tonnes of fruit and berry products are harvested annually in the republic. Most of them are apples.

According to the Ministry of Water Resources, Agriculture and Processing Industry, most of the fruit and berry products harvested annually in the country are apples (62% of the total fruit and...

About 260 thousand tonnes of fruit and berry products are harvested annually in the republic. Most of them are apples.

According to the Ministry of Water Resources, Agriculture and Processing Industry, most of the fruit and berry products harvested annually in the country are apples (62% of the total fruit and...

02.12.2024

Agricultural sector of Kyrgyzstan receives 2.32 billion som in 2024

The agricultural sector of Kyrgyzstan has received 2.32 billion som in 2024, the Guarantee Fund OJSC reported.

It is noted that support for farmers, as in previous years, remains a priority area of the Guarantee Fund.

According to the results of ten months of this year, about 2,000 entrepreneurs in the agricultural sector took advantage of the guarantee support and gained access to credit financial...

The agricultural sector of Kyrgyzstan has received 2.32 billion som in 2024, the Guarantee Fund OJSC reported.

It is noted that support for farmers, as in previous years, remains a priority area of the Guarantee Fund.

According to the results of ten months of this year, about 2,000 entrepreneurs in the agricultural sector took advantage of the guarantee support and gained access to credit financial...

Oil and Gas Sector

02.12.2024

Kyrgyzstan introduces mandatory fuel labeling system

Kyrgyzstan continues to implement the system of mandatory fuel labeling, Coordinator of the fuel labeling center of Uchkun JSC Tynystan Shabdanov said.

He noted that Kyrgyzstan is one of the first countries in the CIS to introduce the fuel labeling system.

"At the moment labeling is successfully implemented in all regions of...

Kyrgyzstan continues to implement the system of mandatory fuel labeling, Coordinator of the fuel labeling center of Uchkun JSC Tynystan Shabdanov said.

He noted that Kyrgyzstan is one of the first countries in the CIS to introduce the fuel labeling system.

"At the moment labeling is successfully implemented in all regions of...

Communications and Transportation

02.12.2024

Direct flight from Bishkek to India to be launched

Manasbek Samidinov, Chairman of the Board of MAM OJSC, met with the Vice President of IndiGo Airlines (India) to discuss the opening of new flights between Kyrgyzstan and India.

The initiative aims to improve air connectivity, tourism and business cooperation. The new flights are expected to improve transportation accessibility and strengthen...

Manasbek Samidinov, Chairman of the Board of MAM OJSC, met with the Vice President of IndiGo Airlines (India) to discuss the opening of new flights between Kyrgyzstan and India.

The initiative aims to improve air connectivity, tourism and business cooperation. The new flights are expected to improve transportation accessibility and strengthen...

Regional News

02.12.2024

China and Central Asia continue to strengthen mutual trust and deepen cooperation

On 1 December, the fifth round of meetings between the foreign ministers of Central Asian countries and China took place in Chengdu.

Uzbekistan’s Foreign Minister Bakhtiyor Saidov noted, "Despite the growing challenges on the global stage, we observe strong and stable trends of growth, unity, and trust in our region."

He added...

On 1 December, the fifth round of meetings between the foreign ministers of Central Asian countries and China took place in Chengdu.

Uzbekistan’s Foreign Minister Bakhtiyor Saidov noted, "Despite the growing challenges on the global stage, we observe strong and stable trends of growth, unity, and trust in our region."

He added...

02.12.2024

Deposits of population: inflation monitoring in Russia

Gazprombank's Centre for Economic Forecasting (CEP GPB) has published a refutation of the widespread opinion that the accumulation of public funds on deposits can lead to a second wave of inflation with their rapid flow to the consumer market, and fears of restrictions on the withdrawal of funds from deposits....

Gazprombank's Centre for Economic Forecasting (CEP GPB) has published a refutation of the widespread opinion that the accumulation of public funds on deposits can lead to a second wave of inflation with their rapid flow to the consumer market, and fears of restrictions on the withdrawal of funds from deposits....

02.12.2024

Russian market continues its steady ascent

The Russian stock market ended Friday's trading in positive territory, showing an increase for the third day in a row, although foreign markets showed mixed dynamics and geopolitical risks remained. "The positive dynamics were caused by optimistic statements by representatives of the government of Russia and the Central Bank about...

The Russian stock market ended Friday's trading in positive territory, showing an increase for the third day in a row, although foreign markets showed mixed dynamics and geopolitical risks remained. "The positive dynamics were caused by optimistic statements by representatives of the government of Russia and the Central Bank about...

02.12.2024

Shortage of competencies increases costs of Russian companies for employee training

Russian companies are increasing their expenses on corporate education, thus trying to overcome the difficulties that have arisen in recent years in attracting new and retaining existing employees. The annual costs of large companies for corporate universities, calculated at the Higher School of Business, have reached an average of 557...

Russian companies are increasing their expenses on corporate education, thus trying to overcome the difficulties that have arisen in recent years in attracting new and retaining existing employees. The annual costs of large companies for corporate universities, calculated at the Higher School of Business, have reached an average of 557...