Issue 462 - 20.09.2019
20.09.2019

Unemployment in Kyrgyzstan increases by 21.2%

In Kyrgyzstan, the number of officially registered unemployed at the end of August 2019 amounted to 83.1 thousand people, the Ministry of Finance of the Republic informed.

There is an increase in the number of unemployed compared to the corresponding period of 2018 by 21.2%.

“Real growth in the average monthly wage in January - July 2019 amounted to 4.6%, in nominal terms, the average monthly wage amounted to 16 thousand 448 som,” the department explained.

The number of unemployed registered in employment services in the EAEU member states at the end of July 2019 amounted to 1 million 57.9 thousand people, or 1.1% of the economically active population. Compared with July 2018, there is also an increase in the number of unemployed in the union as a whole by 6.2%.

Reported by Akchabar (Kyrgyzstan).

Kyrgyzstan General

20.09.2019

Kyrgyzstan introduces electronic auction in all regions

The electronic auction is a pilot project that runs until December 31, 2020. This was announced on September 19, 2019 by the head of the department of rental relations of the State Property Fund, Sapar Ilyazov.

The cities of Bishkek, Osh and Chui region are included in this pilot project. However,...

The electronic auction is a pilot project that runs until December 31, 2020. This was announced on September 19, 2019 by the head of the department of rental relations of the State Property Fund, Sapar Ilyazov.

The cities of Bishkek, Osh and Chui region are included in this pilot project. However,...

Finance and Investment

20.09.2019

Production by small and medium-sized businesses in 2019 accounts for 33% of GDP

In 2018, small and medium-sized businesses produced products worth 231 billion som, or 41.5% of GDP. In the first half of this year, the volume of output amounted to 33% of GDP. Such data were provided by the National Statistical Committee of Kyrgyzstan.

The largest share of SMEs in the total...

In 2018, small and medium-sized businesses produced products worth 231 billion som, or 41.5% of GDP. In the first half of this year, the volume of output amounted to 33% of GDP. Such data were provided by the National Statistical Committee of Kyrgyzstan.

The largest share of SMEs in the total...

20.09.2019

Guarantee Fund of Kyrgyzstan allocates 1.3 billion som

As of September 17, 2019, the Guarantee Fund approved 964 guarantees to entrepreneurs in the amount of 1 billion 283 million som. The volume of loans approved by partner banks amounted to 4.3 billion som, the press service of the Fund reported.

The Guarantee Fund issued 271 guarantees to women entrepreneurs...

As of September 17, 2019, the Guarantee Fund approved 964 guarantees to entrepreneurs in the amount of 1 billion 283 million som. The volume of loans approved by partner banks amounted to 4.3 billion som, the press service of the Fund reported.

The Guarantee Fund issued 271 guarantees to women entrepreneurs...

20.09.2019

Greenback wavers on mixed response to US Fed measures

The U.S. dollar was mixed on Thursday morning, weaker against the euro, the Swiss franc and the Japanese yen, but stronger versus the Antipodean currencies after a slew of central bank decisions came in more hawkish than expected.

The Federal Reserve on Wednesday cut interest rates by 25 basis points to...

The U.S. dollar was mixed on Thursday morning, weaker against the euro, the Swiss franc and the Japanese yen, but stronger versus the Antipodean currencies after a slew of central bank decisions came in more hawkish than expected.

The Federal Reserve on Wednesday cut interest rates by 25 basis points to...

Metals and Minerals

20.09.2019

Precious metals rise in price as monetary trends remain unclear

Gold rose back above $1,500 a ounce on Thursday as the focus returned to global growth risks and Middle East tensions, helping bullion recover after the U.S. Federal Reserve cut interest rates but gave mixed signals on any future easing.

Spot gold was up 0.6% at $1,502.53 per ounce as of...

Gold rose back above $1,500 a ounce on Thursday as the focus returned to global growth risks and Middle East tensions, helping bullion recover after the U.S. Federal Reserve cut interest rates but gave mixed signals on any future easing.

Spot gold was up 0.6% at $1,502.53 per ounce as of...

20.09.2019

Base metals move in different directions as nickel maintains high volatility

Copper prices eased on Thursday as the market focused on weak demand in top consumer China and a meeting in Washington between Chinese and U.S. officials aimed at resolving a prolonged trade dispute.

Benchmark copper on the London Metal Exchange was untraded in official rings but was bid 0.5% down to...

Copper prices eased on Thursday as the market focused on weak demand in top consumer China and a meeting in Washington between Chinese and U.S. officials aimed at resolving a prolonged trade dispute.

Benchmark copper on the London Metal Exchange was untraded in official rings but was bid 0.5% down to...

Trade and Consumer Goods

20.09.2019

Rice in Kyrgyzstan increases in price in August by 5.2%

The average national prices for mid-grain rice in August 2019 compared to the same period in 2018 increased by 3.76 som or 5.2%, the price of long-grain rice by 1.42 tyiyn or 1.7%. This was reported in the materials of the National Statistical Committee.

In August 2019, the maximum average consumer...

The average national prices for mid-grain rice in August 2019 compared to the same period in 2018 increased by 3.76 som or 5.2%, the price of long-grain rice by 1.42 tyiyn or 1.7%. This was reported in the materials of the National Statistical Committee.

In August 2019, the maximum average consumer...

Agriculture

20.09.2019

Wheat benchmark strengthens on fresh concerns about American harvests

Chicago wheat inched higher on Thursday, holding close to a five-week high struck a day earlier as traders assessed dry weather risks around the world while awaiting a fresh demand pointer from weekly U.S. export sales data.

Soybeans were almost unchanged following two days of losses linked to mild weather for...

Chicago wheat inched higher on Thursday, holding close to a five-week high struck a day earlier as traders assessed dry weather risks around the world while awaiting a fresh demand pointer from weekly U.S. export sales data.

Soybeans were almost unchanged following two days of losses linked to mild weather for...

Oil and Gas Sector

20.09.2019

Brent price continues decline as OPEC partners jump in for Saudis

The price of oil fell Wednesday after Saudi officials announced oil production halted by an attack on the heart of its oil industry would be fully restored within weeks.

Prices continued to slide even as the Saudi military blamed Iran for the attacks and U.S. Secretary of State Mike Pompeo called...

The price of oil fell Wednesday after Saudi officials announced oil production halted by an attack on the heart of its oil industry would be fully restored within weeks.

Prices continued to slide even as the Saudi military blamed Iran for the attacks and U.S. Secretary of State Mike Pompeo called...

Regional News

20.09.2019

State-owned Russian companies might get extension on sanctions-related tax breaks

The government is ready to prolong some corporate privileges, in effect until 2021, according to which state-owned companies under sanctions may not pay income tax when selling shares of their subsidiaries. The tax break applies to many state-owned companies, including Rostec and VEB, Kommersant wrote citing sources. Analysts interviewed by...

The government is ready to prolong some corporate privileges, in effect until 2021, according to which state-owned companies under sanctions may not pay income tax when selling shares of their subsidiaries. The tax break applies to many state-owned companies, including Rostec and VEB, Kommersant wrote citing sources. Analysts interviewed by...

20.09.2019

Russian rouble, stocks retreat as US monetary measure pushes greenback up

The Russian rouble and other emerging-market currencies slipped on Thursday after the U.S. Federal Reserve lowered interest rates but remained split on the need for further cuts.

At 0715 GMT, the rouble was 0.1% weaker against the dollar at 64.23 and had lost 0.2% to trade at 70.89 versus the euro.

The...

The Russian rouble and other emerging-market currencies slipped on Thursday after the U.S. Federal Reserve lowered interest rates but remained split on the need for further cuts.

At 0715 GMT, the rouble was 0.1% weaker against the dollar at 64.23 and had lost 0.2% to trade at 70.89 versus the euro.

The...

20.09.2019

China, Russia to forge stronger ties with expanding cooperation, joint voice on global issues

Chinese Premier Li Keqiang on Wednesday wrapped up a successful and fruitful visit to Russia, with the two neighbours reaffirming their commitment to closer cooperation and multilateralism.

During his three-day trip, Li co-chaired the 24th regular meeting between Chinese and Russian heads of government with Russian Prime Minister Dmitry Medvedev in...

Chinese Premier Li Keqiang on Wednesday wrapped up a successful and fruitful visit to Russia, with the two neighbours reaffirming their commitment to closer cooperation and multilateralism.

During his three-day trip, Li co-chaired the 24th regular meeting between Chinese and Russian heads of government with Russian Prime Minister Dmitry Medvedev in...

20.09.2019

China’s stocks, yuan up as investors expect interest rate cut after US example

China stocks closed higher on Thursday, on rising investor bets Beijing will lower a key domestic rate to help bolster the economy following a U.S. Federal Reserve rate cut.

The blue-chip CSI300 index rose 0.4%, to 3,924.38, while the Shanghai Composite Index added 0.5% to 2,999.28 points.

The Fed cut interest rates...

China stocks closed higher on Thursday, on rising investor bets Beijing will lower a key domestic rate to help bolster the economy following a U.S. Federal Reserve rate cut.

The blue-chip CSI300 index rose 0.4%, to 3,924.38, while the Shanghai Composite Index added 0.5% to 2,999.28 points.

The Fed cut interest rates...

20.09.2019

Chinese banks post forex settlement deficit in August

China's commercial banks saw a net forex settlement deficit of 37.8 billion yuan (5.4 billion U.S. dollars) in August, the country's forex regulator said Thursday.

The reading shrank from a deficit of 42.3 billion yuan reported in July, according to the State Administration of Foreign Exchange (SAFE).

In dollar terms, the forex...

China's commercial banks saw a net forex settlement deficit of 37.8 billion yuan (5.4 billion U.S. dollars) in August, the country's forex regulator said Thursday.

The reading shrank from a deficit of 42.3 billion yuan reported in July, according to the State Administration of Foreign Exchange (SAFE).

In dollar terms, the forex...

20.09.2019

Over $100 billion invested in Azerbaijan's oil and gas sector so far

The development of Azeri Chirag Gunashli (ACG) fields, which laid the foundation for the development of oil production and exports in Azerbaijan, keeps continuing investors.

So far, $101 billion has been invested in Azerbaijan’s oil and gas sector, said Rovnag Abdullayev, President of SOCAR, in his article published in the official press.

Of...

The development of Azeri Chirag Gunashli (ACG) fields, which laid the foundation for the development of oil production and exports in Azerbaijan, keeps continuing investors.

So far, $101 billion has been invested in Azerbaijan’s oil and gas sector, said Rovnag Abdullayev, President of SOCAR, in his article published in the official press.

Of...

Prices and Statistics

20.09.2019

Commodities

Date: September 20, 2019; Source: Bloomberg.com Sign InSubscribeMarketsCommoditiesBefore it's here, it's on the Bloomberg Terminal.  Learn MoreOverview Energy Metals Agriculture Overview
INDEX VALUE CHANGE %CHANGE HIGH LOW TIME (EDT)
BCOMTR:INDBloomberg Commodity 168.51 +0.46 +0.28% 168.56 168.30 2:50 AM
CMCITR:INDUBS Bloomberg CMCI 894.81 +1.72 +0.19% 898.21 891.43 9/19/2019
CRYTR:INDReuters/Jefferies CRB 187.27 +0.15 +0.08% 188.53 187.10 9/19/2019
RICIGLTR:INDRogers International 2,374.67 +7.30 +0.31% 2,374.77 2,373.22 2:49 AM
SPGSCITR:INDS&P GSCI 2,479.99 +9.03 +0.37% 2,506.94 2,465.40 9/19/2019
Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 58.68 +0.55 +0.95% Oct 2019 2:07 AM
CO1:COMBrent Crude (ICE) USD/bbl. 64.75 +0.35 +0.54% Nov 2019 2:40 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 170.18 +0.11 +0.06% Oct 2019 2:21 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.53 0.00 -0.16% Oct 2019 2:40 AM
HO1:COMHeating Oil (Nymex) USd/gal. 201.18 +0.69 +0.34% Oct 2019 2:40 AM
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
GC1:COMGold (Comex) USD/t oz. 1,512.50 +6.30 +0.42% Dec 2019 2:40 AM
XAUUSD:CURGold Spot USD/t oz. 1,504.88 +5.85 +0.39% N/A 2:50 AM
SI1:COMSilver (Comex) USD/t oz. 18.00 +0.11 +0.62% Dec 2019 2:40 AM
HG1:COMCopper (Comex) USd/lb. 261.70 +0.85 +0.33% Dec 2019 2:40 AM
XPTUSD:CURPlatinum Spot USD/t oz. 943.04 +4.63 +0.49% N/A 2:50 AM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
C 1:COMCorn (CBOT) USd/bu. 371.75 -1.00 -0.27% Dec 2019 2:38 AM
W 1:COMWheat (CBOT) USd/bu. 485.75 -2.25 -0.46% Dec 2019 2:38 AM
CC1:COMCocoa (ICE) USD/MT 2,468.00 +67.00 +2.79% Dec 2019 9/19/2019
CT1:COMCotton #2 (ICE) USd/lb. 60.74 +0.41 +0.68% Dec 2019 2:36 AM
LC1:COMLive Cattle (CME) USd/lb. 105.83 -0.32 -0.31% Dec 2019 9/19/2019

Date: September 20, 2019; Source: Bloomberg.com

Sign InSubscribeMarketsCommoditiesBefore it's here, it's on the Bloomberg Terminal.  Learn MoreOverview Energy Metals Agriculture Overview

INDEX VALUE CHANGE %CHANGE HIGH LOW TIME (EDT)
BCOMTR:INDBloomberg Commodity 168.51 +0.46 +0.28% 168.56 168.30 2:50 AM
CMCITR:INDUBS Bloomberg CMCI 894.81 +1.72 +0.19% 898.21 891.43 9/19/2019
CRYTR:INDReuters/Jefferies CRB 187.27 +0.15 +0.08% 188.53 187.10 9/19/2019
RICIGLTR:INDRogers International 2,374.67 +7.30 +0.31% 2,374.77 2,373.22 2:49 AM
SPGSCITR:INDS&P GSCI 2,479.99 +9.03 +0.37% 2,506.94 2,465.40 9/19/2019

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 58.68 +0.55 +0.95% Oct 2019 2:07 AM
CO1:COMBrent Crude (ICE) USD/bbl. 64.75 +0.35 +0.54% Nov 2019 2:40 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 170.18 +0.11 +0.06% Oct 2019 2:21 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.53 0.00 -0.16% Oct 2019 2:40 AM
HO1:COMHeating Oil (Nymex) USd/gal. 201.18 +0.69 +0.34% Oct 2019 2:40 AM

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
GC1:COMGold (Comex) USD/t oz. 1,512.50 +6.30 +0.42% Dec 2019 2:40 AM
XAUUSD:CURGold Spot USD/t oz. 1,504.88 +5.85 +0.39% N/A 2:50 AM
SI1:COMSilver (Comex) USD/t oz. 18.00 +0.11 +0.62% Dec 2019 2:40 AM
HG1:COMCopper (Comex) USd/lb. 261.70 +0.85 +0.33% Dec 2019 2:40 AM
XPTUSD:CURPlatinum Spot USD/t oz. 943.04 +4.63 +0.49% N/A 2:50 AM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
C 1:COMCorn (CBOT) USd/bu. 371.75 -1.00 -0.27% Dec 2019 2:38 AM
W 1:COMWheat (CBOT) USd/bu. 485.75 -2.25 -0.46% Dec 2019 2:38 AM
CC1:COMCocoa (ICE) USD/MT 2,468.00 +67.00 +2.79% Dec 2019 9/19/2019
CT1:COMCotton #2 (ICE) USd/lb. 60.74 +0.41 +0.68% Dec 2019 2:36 AM
LC1:COMLive Cattle (CME) USd/lb. 105.83 -0.32 -0.31% Dec 2019 9/19/2019
20.09.2019

Exchange Rates

Date: September 20, 2019; Source: the National Bank of Kyrgyzstan
1 US DOLLAR USD / KGS 69.8488
1 EURO EUR / KGS 77.2458
1 RUSSIAN ROUBLE RUB / KGS 1.0877
1 KAZAKHSTAN TENGE KZT / KGS 0.1803

Date: September 20, 2019; Source: the National Bank of Kyrgyzstan

1 US DOLLAR

USD / KGS

69.8488

1 EURO

EUR / KGS

77.2458

1 RUSSIAN ROUBLE

RUB / KGS

1.0877

1 KAZAKHSTAN TENGE

KZT / KGS

0.1803