Issue 1088 - 13.04.2022
29.06.2022

GDP volume in Kyrgyzstan since beginning of 2022 increased by 4.5%

Gross domestic product (GDP) in January-March of this year, according to preliminary estimates, amounted to KGS 146 billion and increased by 4.5% compared to the same period in 2021, Deputy Chairman of the National Statistical Committee Bakytbek Shokenov told at a press conference in Bishkek.

He said that excluding enterprises for the development of the Kumtor mine, the volume of GDP in January-March of this year amounted to about KGS 138 billion and increased by 3.8%.

Reported by Kabar.

Kyrgyzstan General

29.06.2022

MFA of Kyrgyzstan, Netherlands hold second round of consultations

The second round of consultations was held on Tuesday between the Foreign Ministries of Kyrgyzstan and the Kingdom of the Netherlands at the level of directors of supervising departments, the press service of the Kyrgyz MFA said.

During the online meeting, the parties discussed a wide range of issues of diverse...

The second round of consultations was held on Tuesday between the Foreign Ministries of Kyrgyzstan and the Kingdom of the Netherlands at the level of directors of supervising departments, the press service of the Kyrgyz MFA said.

During the online meeting, the parties discussed a wide range of issues of diverse...

29.06.2022

Special Adviser to UN Secretary-General on Climate Action stresses role of Kyrgyzstan in advancing mountain agenda

Permanent Representative of Kyrgyzstan to the UN in New York, Aida Kasymalieva, met on April 11 with Special Adviser to UN Secretary-General on Climate Action Selwin Hart.

According to the press service of the Ministry of Foreign Affairs of the Kyrgyz Republic, during the conversation, Kasymalieva informed about the initiatives of...

Permanent Representative of Kyrgyzstan to the UN in New York, Aida Kasymalieva, met on April 11 with Special Adviser to UN Secretary-General on Climate Action Selwin Hart.

According to the press service of the Ministry of Foreign Affairs of the Kyrgyz Republic, during the conversation, Kasymalieva informed about the initiatives of...

29.06.2022

Kyrgyz Speaker Mamytov meets with OSCE PA President Margareta Cederfelt

Speaker of the Jogorku Kenesh Talant Mamytov met on Monday with Margareta Cederfelt, the President of the Parliamentary Assembly of the Organization for Security and Cooperation in Europe (OSCE PA) and Swedish MP, the press service of the Kyrgyz Parliament reported.

The meeting was attended by members of the Jogorku Kenesh...

Speaker of the Jogorku Kenesh Talant Mamytov met on Monday with Margareta Cederfelt, the President of the Parliamentary Assembly of the Organization for Security and Cooperation in Europe (OSCE PA) and Swedish MP, the press service of the Kyrgyz Parliament reported.

The meeting was attended by members of the Jogorku Kenesh...

Finance and Investment

29.06.2022

Mayor of Osh meets with ADB representatives in Kyrgyzstan

Mayor of the southern capital of Kyrgyzstan of Osh city Almaz Mambetov held a meeting with representatives of the Asian Development Bank (ADB) in the Kyrgyz Republic.

Almaz Mambetov in his welcoming speech emphasized the importance of ongoing projects for the city's population and expressed confidence in further close cooperation. In...

Mayor of the southern capital of Kyrgyzstan of Osh city Almaz Mambetov held a meeting with representatives of the Asian Development Bank (ADB) in the Kyrgyz Republic.

Almaz Mambetov in his welcoming speech emphasized the importance of ongoing projects for the city's population and expressed confidence in further close cooperation. In...

29.06.2022

Kyrgyzstan, Bashkortostan discuss development of trade, economic and investment co-op

The Ministry of Economy and Commerce of Kyrgyzstan hosted a meeting of Deputy Economy Minister Veronika Isaeva with First Deputy Minister of Foreign Economic Relations and Congress Activities of the Republic of Bashkortostan (Russian Federation) Lena Izotova.

The press service of the Kyrgyz Economy Ministry reported that the meeting was attended...

The Ministry of Economy and Commerce of Kyrgyzstan hosted a meeting of Deputy Economy Minister Veronika Isaeva with First Deputy Minister of Foreign Economic Relations and Congress Activities of the Republic of Bashkortostan (Russian Federation) Lena Izotova.

The press service of the Kyrgyz Economy Ministry reported that the meeting was attended...

29.06.2022

Situation in Ukraine have significantly worsened outlook for Kyrgyz economy - WB

The World Bank in its latest Economic Update for the Europe and Central Asia region, released on April 10, said that the spillovers of Russia’s invasion of Ukraine have significantly worsened the outlook for the Kyrgyz economy, which is projected to contract by 5 percent in 2022.

This is mainly due...

The World Bank in its latest Economic Update for the Europe and Central Asia region, released on April 10, said that the spillovers of Russia’s invasion of Ukraine have significantly worsened the outlook for the Kyrgyz economy, which is projected to contract by 5 percent in 2022.

This is mainly due...

29.06.2022

National Bank changes requirements for tenge exchange rate

The National Bank of Kyrgyzstan made changes to the temporary procedure for conducting operations with the Kazakh tenge by commercial banks, exchange offices, microfinance and microcredit companies of Kyrgyzstan. Official website of the bank says.

From now on, the requirements for setting the buying rate of the Kazakh tenge (using a risk weighting factor of not more than 70 percent) do not...

The National Bank of Kyrgyzstan made changes to the temporary procedure for conducting operations with the Kazakh tenge by commercial banks, exchange offices, microfinance and microcredit companies of Kyrgyzstan. Official website of the bank says.

From now on, the requirements for setting the buying rate of the Kazakh tenge (using a risk weighting factor of not more than 70 percent) do not...

29.06.2022

Asman construction: Representatives of French companies arrive in Bishkek

Investment conference of French consulting companies was held in Bishkek. The National Agency for Investments reports.

According to it, French companies Finentrep Aspir, Mercuroo and national association MEDEF were presented there.

Director of the National Agency for Investment Ravshan Sabirov said that holding of the investment conference was especially important, when in conditions of rapid changes, it is necessary to make timely...

Investment conference of French consulting companies was held in Bishkek. The National Agency for Investments reports.

According to it, French companies Finentrep Aspir, Mercuroo and national association MEDEF were presented there.

Director of the National Agency for Investment Ravshan Sabirov said that holding of the investment conference was especially important, when in conditions of rapid changes, it is necessary to make timely...

29.06.2022

577 criminal cases on pyramid schemes initiated in Kyrgyzstan

Since the beginning of the year, 577 criminal cases were initiated in Kyrgyzstan over organization of pyramid schemes. Investigator of the Interior Ministry’s Investigation Service Aibek Zhetigenov said at a round table discussion in Bishkek.

«At least 44 criminal cases out of the total number were transferred from the past year, 339 were sent to court for consideration on the merits, and 249...

Since the beginning of the year, 577 criminal cases were initiated in Kyrgyzstan over organization of pyramid schemes. Investigator of the Interior Ministry’s Investigation Service Aibek Zhetigenov said at a round table discussion in Bishkek.

«At least 44 criminal cases out of the total number were transferred from the past year, 339 were sent to court for consideration on the merits, and 249...

Trade and Consumer Goods

29.06.2022

Growth of consumer prices in Kyrgyzstan makes 5%

In January-March 2022, the increase in consumer prices in Kyrgyzstan made 5% compared to December last year, Deputy Chairman of the National Statistical Committee of the republic Bakytbek Shokenov told a press conference on Tuesday.

He noted that prices of alcoholic beverages and tobacco products increased by 7.7%, the prices of...

In January-March 2022, the increase in consumer prices in Kyrgyzstan made 5% compared to December last year, Deputy Chairman of the National Statistical Committee of the republic Bakytbek Shokenov told a press conference on Tuesday.

He noted that prices of alcoholic beverages and tobacco products increased by 7.7%, the prices of...

29.06.2022

Volume of foreign trade turnover of Kyrgyzstan in two months reached USD 1.3B

The volume of foreign and mutual trade in goods of Kyrgyzstan in January-February 2022 amounted to $1.3 billion, Bakytbek Shokenov, the Deputy Chairman of the National Statistical Committee said at a press conference in Bishkek.

This figure increased by 1.6 times in comparison with January-February 2021, with exports grew by 3.8%...

The volume of foreign and mutual trade in goods of Kyrgyzstan in January-February 2022 amounted to $1.3 billion, Bakytbek Shokenov, the Deputy Chairman of the National Statistical Committee said at a press conference in Bishkek.

This figure increased by 1.6 times in comparison with January-February 2021, with exports grew by 3.8%...

Agriculture

29.06.2022

Kyrgyz ambassador discussed issues of employment of Kyrgyzstanis with head of British recruiting company

At the Embassy of Kyrgyzstan in the UK, Ambassador Ulan Dzhusupov met with the director of the British recruiting company AGRI-HR, Jan-Will Narebut, who recruits workers for temporary employment on UK farms under the state seasonal agricultural workers program (SWP).

The press service of the Ministry of Foreign Affairs of Kyrgyzstan...

At the Embassy of Kyrgyzstan in the UK, Ambassador Ulan Dzhusupov met with the director of the British recruiting company AGRI-HR, Jan-Will Narebut, who recruits workers for temporary employment on UK farms under the state seasonal agricultural workers program (SWP).

The press service of the Ministry of Foreign Affairs of Kyrgyzstan...

29.06.2022

Southern regions of Kyrgyzstan implement KOICA project for rural development

Osh and Batken Oblasts of Kyrgyzstan are implementing a project for the development of villages, the Korea International Cooperation Agency (KOICA) Kyrgyzstan Office reported.

An official launching ceremony of the joint "Integrated Rural Development Project in the Kyrgyz Republic” " took place on March 30.

"The five-year project will be implemented with...

Osh and Batken Oblasts of Kyrgyzstan are implementing a project for the development of villages, the Korea International Cooperation Agency (KOICA) Kyrgyzstan Office reported.

An official launching ceremony of the joint "Integrated Rural Development Project in the Kyrgyz Republic” " took place on March 30.

"The five-year project will be implemented with...

29.06.2022

35 marals to be brought to Kyrgyzstan from Russia’s Altai

35 marals (Cervus elaphus; a red deer), will be brought to Kyrgyzstan from Russia’s Altai Republic.

The Bakubat Talas Foundation at Alliance Altyn LLC financed the purchase of 35 marals, Alliance Altyn reported.

According to data, the marals will be brought from Altai and released into the wild in the mountainous area...

35 marals (Cervus elaphus; a red deer), will be brought to Kyrgyzstan from Russia’s Altai Republic.

The Bakubat Talas Foundation at Alliance Altyn LLC financed the purchase of 35 marals, Alliance Altyn reported.

According to data, the marals will be brought from Altai and released into the wild in the mountainous area...

Manufacturing industry

29.06.2022

Volume of industrial production in Kyrgyzstan amounted to KGS 8M since beginning of year

In January-March 2022, the volume of industrial production amounted to more than KGS 80 billion, and increased by 7.3% compared to the same period of last year, Deputy Chairman of the National Statistical Committee of Kyrgyzstan Bakytbek Shokenov told at a press conference in Bishkek.

Thus, the increase was due to...

In January-March 2022, the volume of industrial production amounted to more than KGS 80 billion, and increased by 7.3% compared to the same period of last year, Deputy Chairman of the National Statistical Committee of Kyrgyzstan Bakytbek Shokenov told at a press conference in Bishkek.

Thus, the increase was due to...

Communications and Transportation

29.06.2022

Kyrgyz Temir Zholy pays off most of its debts

Kyrgyz Temir Zholu state enterprise has paid off most of its debts. The head of the enterprise Azamat Sakiev said at the meeting of the Committee on Transport, Communications, Architecture and Construction of the Parliament of Kyrgyzstan.

According to him, previously, the state enterprise had debts to Russian and Tajik railways.

«We have also purchased top-class gondola cars, we are renewing sleepers and...

Kyrgyz Temir Zholu state enterprise has paid off most of its debts. The head of the enterprise Azamat Sakiev said at the meeting of the Committee on Transport, Communications, Architecture and Construction of the Parliament of Kyrgyzstan.

According to him, previously, the state enterprise had debts to Russian and Tajik railways.

«We have also purchased top-class gondola cars, we are renewing sleepers and...

29.06.2022

Kyrgyzstanis can not get into Moscow by train until 2023

International passenger transportation to Russia will start at the end of April or beginning of May. Azamat Sakiev, Director General of Kyrgyz Temir Zholu, said at the meeting of the Committee on Transport, Communications, Architecture and Construction of the Parliament of Kyrgyzstan.

According to him, the company did not stop domestic passenger transportation.

«We are constantly negotiating with Kazakhstan and Russia. Passenger transportation to Russia and...

International passenger transportation to Russia will start at the end of April or beginning of May. Azamat Sakiev, Director General of Kyrgyz Temir Zholu, said at the meeting of the Committee on Transport, Communications, Architecture and Construction of the Parliament of Kyrgyzstan.

According to him, the company did not stop domestic passenger transportation.

«We are constantly negotiating with Kazakhstan and Russia. Passenger transportation to Russia and...

29.06.2022

Eurasian Technopark to be created in Kyrgyzstan

Eurasian Technopark to be created in Kyrgyzstan. It was announced following a meeting of the Scientific and Technical Council under the Board of the Eurasian Economic Commission.

«The Technopark will provide support at all stages of activity — from an idea to creation of a prototype and launching products on the market,» Asylbek Aidaraliev, Advisor to the Special Representative for Sustainable Development of the Prime Minister, noted.

The founders...

Eurasian Technopark to be created in Kyrgyzstan. It was announced following a meeting of the Scientific and Technical Council under the Board of the Eurasian Economic Commission.

«The Technopark will provide support at all stages of activity — from an idea to creation of a prototype and launching products on the market,» Asylbek Aidaraliev, Advisor to the Special Representative for Sustainable Development of the Prime Minister, noted.

The founders...

Regional News

29.06.2022

Russia’s capital outflows reach US$50bn in February-March

Russia’s Central Bank regulator has stated that the Capital outflow from Russia could have reached US$51.4 billion in February-March. The regulator said on April 11 that capital outflow was an estimated US$64.2 billion in Q1 2022. It said two months ago that US$12.8 billion had flowed out of the country in January,...

Russia’s Central Bank regulator has stated that the Capital outflow from Russia could have reached US$51.4 billion in February-March. The regulator said on April 11 that capital outflow was an estimated US$64.2 billion in Q1 2022. It said two months ago that US$12.8 billion had flowed out of the country in January,...

29.06.2022

Russia limits sanctions damage by ditching dollar

Bank of Russia Governor Elvira Nabiullina says Russia holds enough yuan and gold in its reserves to limit the impact of Western sanctions – even after Washington and its allies froze half the country’s holdings in dollars and other currencies.

The regulator cut the share of dollars in reserves to 10.9%...

Bank of Russia Governor Elvira Nabiullina says Russia holds enough yuan and gold in its reserves to limit the impact of Western sanctions – even after Washington and its allies froze half the country’s holdings in dollars and other currencies.

The regulator cut the share of dollars in reserves to 10.9%...

29.06.2022

Bulls hold on to Russian shares as rouble retreats

The Russian rouble weakened past 80 to the dollar on Tuesday, heading away from 2022 highs reached last week, while shares in Rosbank bucked the weaker trend in stock markets to jump 40% for a second day in a row.

y 0758 GMT, the rouble had eased 1% to 79.84 after...

The Russian rouble weakened past 80 to the dollar on Tuesday, heading away from 2022 highs reached last week, while shares in Rosbank bucked the weaker trend in stock markets to jump 40% for a second day in a row.

y 0758 GMT, the rouble had eased 1% to 79.84 after...

29.06.2022

China stocks surge on speculation of policy easing

China stocks rebounded sharply in afternoon trading to close up on Tuesday, as speculation that coronavirus control measures could be eased in some pilot areas led to buying in the tourism and consumer goods sectors, while sentiment was boosted more broadly by expectations of policy support for the economy.

The blue-chip...

China stocks rebounded sharply in afternoon trading to close up on Tuesday, as speculation that coronavirus control measures could be eased in some pilot areas led to buying in the tourism and consumer goods sectors, while sentiment was boosted more broadly by expectations of policy support for the economy.

The blue-chip...

29.06.2022

Chinese yuan weakens to 6.3795 against USD Tuesday

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 150 pips to 6.3795 against the U.S. dollar Tuesday, 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...

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 150 pips to 6.3795 against the U.S. dollar Tuesday, 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...