Issue 785 - 15.01.2021
15.01.2021

Japarov indulges in landslide victory in elections in Kyrgyzstan

As expected, the man who languished in prison just three months ago on a kidnapping charge won a landslide victory in Kyrgyzstan's January 10 early presidential elections.

Moreover, according to the results of the referendum held on the same day, Sadyr Japarov will soon receive new broad powers, and the influence of the parliament will decrease. From the point of view of pessimists, this will be the beginning of a new period of authoritarian rule.

When at the polling station where he came to vote, he was asked what result he expected, Japarov tried to behave calmly and not show emotions.

“God only knows,” he replied.

But he was lying. When the polling stations were just closing, Japarov's electoral team was already building a stage in the central square of Bishkek to celebrate the noble victory.

According to preliminary results, Japarov won nearly 80% of the vote. In a separate ballot, where voters were asked to choose whether they preferred a presidential or parliamentary form of government, more than 81% supported the former.

“Your votes cast for me fill me with strength and confidence, give me a boost to work. I will do my best to justify your trust. I came to power when the strength and economy of the country were in decline. In the near future I will improve our economic performance and take us out of the crisis,” Japarov told his jubilant supporters on the evening of January 10.

Only the turnout spoiled the mood. As of 18:00, two hours before polling stations close, only about 33% of voters have voted. In the previous presidential elections in 2017, this figure was close to 55%.

The runner-up, Adakhan Madumarov, who received, according to preliminary data, only 6.7% of the vote, said that he was sad for the Kyrgyz people. But he seems to be angry with him as well.

“I appeal to the citizens of Kyrgyzstan who have shown indifference. We are not yet ready to defend our civil rights. Showed irresponsibility to history. Let those who want to celebrate, dance. But I warn you that all this will not lead to anything good," he said.

Another losing candidate, Klara Sooronkulova, a former judge of the Constitutional Chamber who has become an active anti-corruption activist, seems to have come to terms with the situation.

“We have to respect him,” she told the Kaktus.media Internet portal.

Sooronkulova's attitude to the results of the referendum was also philosophical, which is surprising in light of the persistent resistance she had previously shown, calling what was happening a rollback to authoritarian rule.

“As for the referendum, the procedure for holding it, of course, is completely wrong. But in any case, there is no need to despair and there is material to work with,” she said.

The elections were the culmination of a turbulent 3 months in the political life of Kyrgyzstan. According to the results of the parliamentary elections held in early October, the legislative body of the new convocation should have differed little from the previous one.

But President Sooronbai Jeenbekov did not consider how much discontent this carefully orchestrated vote would cause. Anger turned into protests, which then escalated into riots. Amid the chaos that began, protesters released several imprisoned politicians.

Chief among them was the nationalist and instigator Japarov, whom his passionate, and often aggressive, supporters had with incredible haste to appoint the country's new leader. Not content with this, Japarov's team, who at one point simultaneously served as prime minister and president, quickly set about putting an end to Kyrgyzstan's parliamentary experiment. The referendum marked the successful conclusion of their efforts.

Political analyst Asel Doolotkeldieva expressed concern about this turn of events.

“I cannot believe that today Kyrgyzstan is voting for a president and a potentially strong presidential power! Just 3 months ago, we protested against the elections. Then a wave of our disappointment was saddled by a semi-criminal populist group,” Doolotkeldieva wrote in English on Twitter.

The Kloop news site has assembled a team of about 1,500 monitors across the country to track possible violations. They reported that the main problems were with the ballot boxes. According to the site, by 18:00 Kloop's observers recorded 745 failures of automatic ballot boxes throughout the country.

When asked to comment on the low turnout, CEC Chairperson Nurzhan Shildabekova said the reason was the decision to abandon Form # 2, which allowed people to vote at polling stations outside of their place of residence. The uniform was introduced in light of mass internal migration, but observers complained that in the October elections it created opportunities for voter bribery.

According to political commentator Azim Azimov, the uniform should not have been cancelled.

“I would like to repeat once again: the cancellation of Form No. 2 is an unconstitutional decision, squeezed by the will of the parties that lost on October 4. A citizen has the right to freedom of movement. It is absurd and anachronistic to deny the opportunity to vote by being linked to a polling station at the place of registration,” Azimov wrote on Twitter.

Reported by Asiais (Russia).

Kyrgyzstan General

15.01.2021

Foreigners must have negative results for COVID-19 upon arrival in Kyrgyzstan

Foreign citizens and stateless persons arriving in the territory of the Kyrgyz Republic must have a certificate with a negative result of a PCR test for COVID-19, the Civil Aviation Agency reported.

The test must be done no earlier than 72 hours before arrival.

The exception is accredited or appointed employees of...

Foreign citizens and stateless persons arriving in the territory of the Kyrgyz Republic must have a certificate with a negative result of a PCR test for COVID-19, the Civil Aviation Agency reported.

The test must be done no earlier than 72 hours before arrival.

The exception is accredited or appointed employees of...

15.01.2021

Kyrgyzstan logs 134 new COVID-19 cases

Kyrgyzstan reported on Friday 134 new COVID-19 cases raising the tally of infections to 82,857.

The National Headquarters for Combating COVID-19 said that the new cases were discovered out of 3,231 COVID-19 medical tests that were conducted in the country during the last 24 hours.

The headquarters also reported 152 more recoveries...

Kyrgyzstan reported on Friday 134 new COVID-19 cases raising the tally of infections to 82,857.

The National Headquarters for Combating COVID-19 said that the new cases were discovered out of 3,231 COVID-19 medical tests that were conducted in the country during the last 24 hours.

The headquarters also reported 152 more recoveries...

15.01.2021

Sadyr Japarov's dreams come true. But will Japarov fulfil the dreams of Kyrgyzstanis?

The people of Kyrgyzstan gave Sadyr Japarov everything. The highest state post and permission to strengthen his powers. Now the people will wait for concrete results from the new leader of the country.

The victory of Sadyr Japarov, who was serving an 11-year sentence in prison three and a half months...

The people of Kyrgyzstan gave Sadyr Japarov everything. The highest state post and permission to strengthen his powers. Now the people will wait for concrete results from the new leader of the country.

The victory of Sadyr Japarov, who was serving an 11-year sentence in prison three and a half months...

Finance and Investment

15.01.2021

Greenback keeps riding high on US power shift expectations

The dollar rose for a second straight session on Thursday, holding above three-year lows against major peers, in line with a rise in Treasury yields, amid upbeat expectations about President-elect Joe Biden’s fiscal stimulus.

The U.S. 10-year Treasury yield rose, as Biden is expected to unveil a stimulus package proposal on...

The dollar rose for a second straight session on Thursday, holding above three-year lows against major peers, in line with a rise in Treasury yields, amid upbeat expectations about President-elect Joe Biden’s fiscal stimulus.

The U.S. 10-year Treasury yield rose, as Biden is expected to unveil a stimulus package proposal on...

15.01.2021

Structure of collection of payments in Kyrgyzstan over 11 months of 2020

In January-November 2020, the State Tax Service collected taxes and payments in the amount of 70 billion 274.9 million som, with a forecast of 71 billion 626.4 million som. This is stated in the analytical review of the State Tax Service.

The fulfilment was 98.1% or the shortfall amounted to 1...

In January-November 2020, the State Tax Service collected taxes and payments in the amount of 70 billion 274.9 million som, with a forecast of 71 billion 626.4 million som. This is stated in the analytical review of the State Tax Service.

The fulfilment was 98.1% or the shortfall amounted to 1...

15.01.2021

Kyrgyzstan’s public debt reaches USD 4 bln 887.46 mln

As of Nov. 30, 2020, the amount of Kyrgyzstan’s public debt (external + internal) made up $4 billion 887.46 million, while in som the debt amounts KGS 414 billion 448.46 million.

According to the Ministry of Finance, the debt’s breakdown is as follows:

- 86.3% is external debt: $4 billion 218.38 million...

As of Nov. 30, 2020, the amount of Kyrgyzstan’s public debt (external + internal) made up $4 billion 887.46 million, while in som the debt amounts KGS 414 billion 448.46 million.

According to the Ministry of Finance, the debt’s breakdown is as follows:

- 86.3% is external debt: $4 billion 218.38 million...

15.01.2021

Kyrgyzstan to allocate monthly payments to foster families

The Ministry of Labour and Social Development of the Kyrgyz Republic developed a new version of the Regulation on Foster Family, which has already been approved by the Government of Kyrgyzstan.

At a press conference at Kabar News Agency, Kyrgyzstan’s Minister of Labour and Social Development Aliza Soltonbekovna said that the...

The Ministry of Labour and Social Development of the Kyrgyz Republic developed a new version of the Regulation on Foster Family, which has already been approved by the Government of Kyrgyzstan.

At a press conference at Kabar News Agency, Kyrgyzstan’s Minister of Labour and Social Development Aliza Soltonbekovna said that the...

15.01.2021

Kyrgyz economy declines by 8.6% in 2020

In 2020, the gross domestic product amounted to more than KGS598 billion and decreased by 8.6% compared to 2019. Chairman of the National Statistical Committee Akylbek Sultanov said this on January 14 at a press conference.

According to him, excluding enterprises for the development of the Kumtor deposit, the volume of...

In 2020, the gross domestic product amounted to more than KGS598 billion and decreased by 8.6% compared to 2019. Chairman of the National Statistical Committee Akylbek Sultanov said this on January 14 at a press conference.

According to him, excluding enterprises for the development of the Kumtor deposit, the volume of...

15.01.2021

In 2020, budget of Kyrgyzstan receives 14 billion som from the issue of government securities

In January-December 2020, from the issue of government securities, the national budget of Kyrgyzstan actually received funds in the amount of 14 billion 41.55 million som, the press service of the Ministry of Finance reports.

Of these, due to the placement of ST-Bills = 992.22 million som, including:

12-month ST-Bills = 770.50...

In January-December 2020, from the issue of government securities, the national budget of Kyrgyzstan actually received funds in the amount of 14 billion 41.55 million som, the press service of the Ministry of Finance reports.

Of these, due to the placement of ST-Bills = 992.22 million som, including:

12-month ST-Bills = 770.50...

15.01.2021

In 2020, prices in Kyrgyzstan increase by 9.7%

In 2020, compared to December 2019, the increase in consumer prices in Kyrgyzstan amounted to 9.7%. The chairman of the National Statistical Committee Akylbek Sultanov said this on January 14 at a press conference.

Prices for food and non-alcoholic beverages increased by 17.6%, alcoholic beverages and tobacco products increased by 6.7%,...

In 2020, compared to December 2019, the increase in consumer prices in Kyrgyzstan amounted to 9.7%. The chairman of the National Statistical Committee Akylbek Sultanov said this on January 14 at a press conference.

Prices for food and non-alcoholic beverages increased by 17.6%, alcoholic beverages and tobacco products increased by 6.7%,...

15.01.2021

Stock markets keep thriving on new US administration vows

European shares rose for a third straight session on Thursday, as hopes of a large stimulus under incoming U.S. President Joe Biden and upbeat Chinese export data boosted sentiment.

The pan-European STOXX 600 index rose 0.4%, with automakers, travel and mining stocks making it to the top gainers' list.

Germany's DAX index...

European shares rose for a third straight session on Thursday, as hopes of a large stimulus under incoming U.S. President Joe Biden and upbeat Chinese export data boosted sentiment.

The pan-European STOXX 600 index rose 0.4%, with automakers, travel and mining stocks making it to the top gainers' list.

Germany's DAX index...

Metals and Minerals

15.01.2021

Bullion holds pace as bulls embrace paper, US dollar

Gold prices edged lower on Thursday as the dollar steadied and U.S. Treasury yields held near 10-month highs, with markets waiting for President-elect Joe Biden to reveal details of his stimulus plan.

Spot gold was 0.2% lower at $1,840.40 per ounce by 1232 GMT, while U.S. gold futures slipped 0.7% to...

Gold prices edged lower on Thursday as the dollar steadied and U.S. Treasury yields held near 10-month highs, with markets waiting for President-elect Joe Biden to reveal details of his stimulus plan.

Spot gold was 0.2% lower at $1,840.40 per ounce by 1232 GMT, while U.S. gold futures slipped 0.7% to...

15.01.2021

Base metals markets mixed on ambiguous data

Copper hovered around $8,000 a tonne on Thursday as a firmer dollar and a coronavirus outbreak in China, the biggest metals consumer, sapped confidence in a rally that has lifted prices to eight-year highs.

Benchmark copper on the London Metal Exchange (LME) was up 0.1% at $8,016 a tonne in official...

Copper hovered around $8,000 a tonne on Thursday as a firmer dollar and a coronavirus outbreak in China, the biggest metals consumer, sapped confidence in a rally that has lifted prices to eight-year highs.

Benchmark copper on the London Metal Exchange (LME) was up 0.1% at $8,016 a tonne in official...

Trade and Consumer Goods

15.01.2021

Eurasian Economic Commission approves the Rules for determining the country of origin of certain goods for public procurement

The decision of the Council of the Eurasian Economic Commission came into force on the approval of the Rules for determining the country of origin of certain types of goods for the purposes of state (municipal) procurement.

The rules are designed to provide national treatment with the participation of suppliers from...

The decision of the Council of the Eurasian Economic Commission came into force on the approval of the Rules for determining the country of origin of certain types of goods for the purposes of state (municipal) procurement.

The rules are designed to provide national treatment with the participation of suppliers from...

Agriculture

15.01.2021

US grain futures back down on contradictory market views

Chicago corn futures lost ground on Thursday as the market paused for breath after hitting a 7-1/2 year peak in the previous session, although losses were limited by tight global supplies. Soybeans edged higher, while wheat slid for a second straight session.

"The USDA's (U.S. Department of Agriculture) cut to corn...

Chicago corn futures lost ground on Thursday as the market paused for breath after hitting a 7-1/2 year peak in the previous session, although losses were limited by tight global supplies. Soybeans edged higher, while wheat slid for a second straight session.

"The USDA's (U.S. Department of Agriculture) cut to corn...

Manufacturing industry

15.01.2021

Kyrgyzstan’s Gosstroy issues 1.7 thousand construction certificates for 2020

In 2020, the Department of Regulatory Activities of the Gosstroy issued 1,731 state qualification certificates for specialists in the construction industry.

In terms of regional significance, the largest number of certificates were received by specialists in the city of Bishkek at 1,033, Chui at 151, Osh at 225, Jalal-Abad at 99,...

In 2020, the Department of Regulatory Activities of the Gosstroy issued 1,731 state qualification certificates for specialists in the construction industry.

In terms of regional significance, the largest number of certificates were received by specialists in the city of Bishkek at 1,033, Chui at 151, Osh at 225, Jalal-Abad at 99,...

Oil and Gas Sector

15.01.2021

Eurasian Economic Commission extends the transitional provisions of the technical regulation on the safety of transported oil until 2023

The decision of the EEC Board on amending the Decision of the Board of the Eurasian Economic Commission On the transitional provisions of the technical regulation of the Eurasian Economic Union On the safety of oil prepared for transportation and (or) use came into force.

According to the amendments, the transitional...

The decision of the EEC Board on amending the Decision of the Board of the Eurasian Economic Commission On the transitional provisions of the technical regulation of the Eurasian Economic Union On the safety of oil prepared for transportation and (or) use came into force.

According to the amendments, the transitional...

15.01.2021

Problem of tariffs for gas transportation in the EAEU a dispute without end

The issues of creating a common gas market in the Eurasian Economic Union and everything connected with it are among the most important from the point of view of the further development of the commonwealth. As Russian President Vladimir Putin said last spring, this problem remains the main stumbling block...

The issues of creating a common gas market in the Eurasian Economic Union and everything connected with it are among the most important from the point of view of the further development of the commonwealth. As Russian President Vladimir Putin said last spring, this problem remains the main stumbling block...

15.01.2021

Prices for fuel and lubricants in Kyrgyzstan in November decrease by 1.7%

A decrease in prices in November 2020 compared to the previous month was noted for diesel fuel by 1.7%, gasoline by 0.1%. This is stated in the materials of the National Statistical Committee.

In January-November 2020, compared to December 2019, prices for non-food products increased by 1.2%.

In November 2020, compared to...

A decrease in prices in November 2020 compared to the previous month was noted for diesel fuel by 1.7%, gasoline by 0.1%. This is stated in the materials of the National Statistical Committee.

In January-November 2020, compared to December 2019, prices for non-food products increased by 1.2%.

In November 2020, compared to...

15.01.2021

In January 2021, the gas tariff for the population of Kyrgyzstan slightly decreases

The tariff for natural gas for January 2021 for the population of the republic amounted to 17.84780 som per 1 m3, according to Gazprom Kyrgyzstan.

For industrial enterprises, commercial structures and budgetary organisations, taking into account VAT and sales tax, the tariff in January will be 21.55227 som per 1 m3,...

The tariff for natural gas for January 2021 for the population of the republic amounted to 17.84780 som per 1 m3, according to Gazprom Kyrgyzstan.

For industrial enterprises, commercial structures and budgetary organisations, taking into account VAT and sales tax, the tariff in January will be 21.55227 som per 1 m3,...

15.01.2021

Brent drops below $57/b as bug breezes across the globe

Oil prices dipped on Thursday as bullish signals from Chinese import data and U.S. crude oil stocks draws were outweighed by surging coronavirus cases in Europe and new lockdowns in China.

Brent crude oil futures fell 35 cents to $55.71 a barrel by 1438 GMT, while U.S. West Texas Intermediate (WTI)...

Oil prices dipped on Thursday as bullish signals from Chinese import data and U.S. crude oil stocks draws were outweighed by surging coronavirus cases in Europe and new lockdowns in China.

Brent crude oil futures fell 35 cents to $55.71 a barrel by 1438 GMT, while U.S. West Texas Intermediate (WTI)...

Communications and Transportation

15.01.2021

Air passenger transport tariffs in Kyrgyzstan increase by 7%

In November 2020, compared with the previous month, there was an increase in tariffs for services provided to the population by 0.5%. This is stated in the materials of the National Statistical Committee.

An increase in tariffs was observed for services of air passenger transport (by 7%), road passenger transport (by...

In November 2020, compared with the previous month, there was an increase in tariffs for services provided to the population by 0.5%. This is stated in the materials of the National Statistical Committee.

An increase in tariffs was observed for services of air passenger transport (by 7%), road passenger transport (by...

15.01.2021

Kyrgyz Ministry of Tourism told to prepare a package of documents for the development of tourism potential and infrastructure

Acting Prime Minister, First Deputy Prime Minister Artem Novikov held a meeting on the development of tourism.

According to him, the current situation with coronavirus infection has greatly affected the country's economy and caused great damage to it, especially in the tourism sector.

“Many tourism objects in the regions were built exclusively...

Acting Prime Minister, First Deputy Prime Minister Artem Novikov held a meeting on the development of tourism.

According to him, the current situation with coronavirus infection has greatly affected the country's economy and caused great damage to it, especially in the tourism sector.

“Many tourism objects in the regions were built exclusively...

Regional News

15.01.2021

Russia’s Wealth Fund’s cash reserves up $1.21bn through December

Cash held by the the Russian National Wealth Fund in December 2020 increased by 89 bln rubles ($1.21 bln) and on January 1 reached 13.546 trillion rubles ($183.93 bln), the Ministry of Finance said on Wednesday.

"As of January 1, 2021, the volume of the National Wealth Fund amounted to 13.546...

Cash held by the the Russian National Wealth Fund in December 2020 increased by 89 bln rubles ($1.21 bln) and on January 1 reached 13.546 trillion rubles ($183.93 bln), the Ministry of Finance said on Wednesday.

"As of January 1, 2021, the volume of the National Wealth Fund amounted to 13.546...

15.01.2021

Authorities expect economic growth in Russia by end-2021

Russia’s economy is recovering gradually after contraction amid the pandemic, Prime Minister Mikhail Mishustin said in a video address to participants of the Gaidar Forum that started on Thursday, adding that the authorities expect sustainable growth of the economy as early as by the end of 2021.

The response of the...

Russia’s economy is recovering gradually after contraction amid the pandemic, Prime Minister Mikhail Mishustin said in a video address to participants of the Gaidar Forum that started on Thursday, adding that the authorities expect sustainable growth of the economy as early as by the end of 2021.

The response of the...

15.01.2021

Rouble remains stable despite oil price drop, equity down

The Russian rouble traded steady on Thursday against a mixed backdrop, as an oil price rally stalled and hopes for global economic recovery were hit by lockdowns in Europe and China, but expectations of U.S. fiscal stimulus boosted risk appetite.

Events in the United States later on Thursday could support the...

The Russian rouble traded steady on Thursday against a mixed backdrop, as an oil price rally stalled and hopes for global economic recovery were hit by lockdowns in Europe and China, but expectations of U.S. fiscal stimulus boosted risk appetite.

Events in the United States later on Thursday could support the...

15.01.2021

China stock markets receive blow as bug strikes home

China’s blue-chip index slumped on Thursday, moving further away from a 13-year closing high earlier this week, as the country reported its biggest jump in COVID-19 cases in more than 10 months. At the close, the blue-chip CSI300 index was down 1.93%, its biggest daily fall since Sept. 9. The...

China’s blue-chip index slumped on Thursday, moving further away from a 13-year closing high earlier this week, as the country reported its biggest jump in COVID-19 cases in more than 10 months. At the close, the blue-chip CSI300 index was down 1.93%, its biggest daily fall since Sept. 9. The...

15.01.2021

Chinese exports soar despite Covid-19 pandemic & US trade war

China’s trade surplus has hit $535 billion, its highest level since 2015, amid the global coronavirus pandemic and an ongoing trade war with Washington.

According to the latest customs data, China’s exports rose 18.1 percent in December from a year earlier, slowing from a 21.1-percent surge in November but exceeding the...

China’s trade surplus has hit $535 billion, its highest level since 2015, amid the global coronavirus pandemic and an ongoing trade war with Washington.

According to the latest customs data, China’s exports rose 18.1 percent in December from a year earlier, slowing from a 21.1-percent surge in November but exceeding the...

Prices and Statistics

15.01.2021

Commodities

Date: January 15, 2021; Source: Bloomberg.com

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Date: January 15, 2021; Source: Bloomberg.com

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15.01.2021

Exchange Rates

Date: January 15, 2021; Source: the National Bank of Kyrgyzstan
1 US DOLLAR USD / KGS 84,5000
1 EURO EUR / KGS 102,7224
1 RUSSIAN ROUBLE RUB / KGS 1,1450
1 KAZAKHSTAN TENGE KZT / KGS 0,2012

Date: January 15, 2021; Source: the National Bank of Kyrgyzstan

1 US DOLLAR

USD / KGS

84,5000

1 EURO

EUR / KGS

102,7224

1 RUSSIAN ROUBLE

RUB / KGS

1,1450

1 KAZAKHSTAN TENGE

KZT / KGS

0,2012