Issue 658 - 10.07.2020
10.07.2020

President of Kyrgyzstan addresses Kyrgyzstanis calling for mutual assistance

«Thanks to the concurrence, mutual assistance, solidarity and high civil responsibility of each citizen, we will overcome this disease,» the President of Kyrgyzstan Sooronbai Jeenbekov said in his address to the Kyrgyzstanis in connection with the epidemiological situation in the country.

The head of state noted that, like other countries of the world, the Kyrgyz Republic is now experiencing all the difficulties and consequences of the pandemic. The country is going through a very difficult period in recent history. Coronavirus infection brought a lot of grief to the people.

«We have lost dozens of our compatriots due to the disease. Famous persons who devoted their whole lives to the development of the Kyrgyz state, to their people and country passed away. Let them rest in peace! We condole those who have lost their loved ones and share bitterness of their loss. We wish a speedy recovery to those who are undergoing treatment,» Sooronbai Jeenbekov stressed.

The President also noted that the country is currently in a situation of a merciless struggle for the health of the people. The success of this struggle depends on unity. The today’s heroes — health workers — day and night fight the invisible enemy, risking their lives for the sake of preserving the health of the people.

I bow my head to their courage and selflessness and express deep gratitude for their invaluable work.

Sooronbai Jeenbekov

The head of state once again recalled that human life is the highest value. He stated that there is no more sacred and higher notion for him. The life and health of every citizen is a matter of national importance. The head of state demanded from the officials taking responsible positions to work tirelessly to preserve the health of our citizens.

The situation in the country is under my personal control and of the Security Council.

Sooronbai Jeenbekov

«In all countries, the demands of the people in relation to power are stepping up. And this is natural. Demands, as well as discontent on certain problematic issues is also expressed in our country. I see everything, I understand everything. We have a lot of problems. And I, like each of you, wish their speedy resolution. It is not the time for excuses or explanations that much that we have today is the result of mistakes of previous years, generated by problems that have accumulated over 30 years. There is no time now to look for those responsible,» the address says.

By 24.kg.

Kyrgyzstan General

10.07.2020

Kyrgyzstan prepares for flu and SARS epidemic in autumn-winter period

Kyrgyzstan is preparing for flu and SARS epidemic expected to take place in autumn-winter period, Head of the Public Health Department of the Health Ministry Ainura Akmatova said during a news briefing.

Today, the rate of the disease calls to be vigilant not only the Health Ministry and the Government, but...

Kyrgyzstan is preparing for flu and SARS epidemic expected to take place in autumn-winter period, Head of the Public Health Department of the Health Ministry Ainura Akmatova said during a news briefing.

Today, the rate of the disease calls to be vigilant not only the Health Ministry and the Government, but...

10.07.2020

Kyrgyzstan experiences shortage of doctors

About 200 emergency physicians in Kyrgyzstan are under observation, due to which there is a shortage of doctors, head of public health care department of the Ministry of Health of the Kyrgyz Republic Ainura Akmatova told a news briefing.

She said that today there are a lot of messages on social...

About 200 emergency physicians in Kyrgyzstan are under observation, due to which there is a shortage of doctors, head of public health care department of the Ministry of Health of the Kyrgyz Republic Ainura Akmatova told a news briefing.

She said that today there are a lot of messages on social...

10.07.2020

Kyrgyzstan adds 361 new COVID-19 cases

Kyrgyzstan added 361 new COVID-19 cases, bringing the total confirmed cases in the country to 8,847.

Head of the public health care department of the country’s Health Ministry Ainura Akmatova said that among the newly infected 83 are medical workers, bringing the total number of contracted medical workers to 1,370 including...

Kyrgyzstan added 361 new COVID-19 cases, bringing the total confirmed cases in the country to 8,847.

Head of the public health care department of the country’s Health Ministry Ainura Akmatova said that among the newly infected 83 are medical workers, bringing the total number of contracted medical workers to 1,370 including...

Finance and Investment

10.07.2020

Migrants' cash income to Kyrgyzstan increases 2.1 times

In May, labour migrants transferred $165.3 million to their homeland, which is 2.1 times more than in April of this year. Such data are provided by the National Bank of Kyrgyzstan.

The growth in revenue was due to an increase in transfers from Russia by 118.7% to $162.5 million in May...

In May, labour migrants transferred $165.3 million to their homeland, which is 2.1 times more than in April of this year. Such data are provided by the National Bank of Kyrgyzstan.

The growth in revenue was due to an increase in transfers from Russia by 118.7% to $162.5 million in May...

10.07.2020

Kyrgyzstan's budget expenditures for maintenance of property in departments over 6 months amount to 112.2 million som

In the first half of 2020, the cash expenditures of the national budget according to departmental classification amounted to 68 billion 362.9 million som, according to the Ministry of Finance.

Of these, expenses for maintenance of property in departments amounted to 112 million 186.7 thousand som, 189.8 million som were spent...

In the first half of 2020, the cash expenditures of the national budget according to departmental classification amounted to 68 billion 362.9 million som, according to the Ministry of Finance.

Of these, expenses for maintenance of property in departments amounted to 112 million 186.7 thousand som, 189.8 million som were spent...

10.07.2020

Kyrgyzstan’s 2020 budget provides KGS 6.6M for health sector

Kyrgyzstan’s state budget for 2019 allocated KGS 3.6 billion for the health sector, while the 2020 budget of the republic provides KGS 6.6 billion for health (with transfers to the Mandatory Health Insurance Fund under the Government of the Kyrgyz Republic amounting to KGS 18.1 billion), the press service of...

Kyrgyzstan’s state budget for 2019 allocated KGS 3.6 billion for the health sector, while the 2020 budget of the republic provides KGS 6.6 billion for health (with transfers to the Mandatory Health Insurance Fund under the Government of the Kyrgyz Republic amounting to KGS 18.1 billion), the press service of...

10.07.2020

Greenback loses ground to rivals as bulls return to paper markets

The U.S. dollar fell against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency. China’s yuan rose to a four-month high against the dollar, extending recent gains as investors of all stripes increased...

The U.S. dollar fell against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency. China’s yuan rose to a four-month high against the dollar, extending recent gains as investors of all stripes increased...

10.07.2020

Global stocks rally as bulls brave pandemic spectre

European shares rose on Thursday after a two-day wobble, as Chinese markets continued their charge, while investors propelled gold to a nine-year high. Chinese stocks set their longest winning streak in two years, and the yuan had strengthened past 7 per dollar overnight [.SS], despite rising tension over Hong Kong...

European shares rose on Thursday after a two-day wobble, as Chinese markets continued their charge, while investors propelled gold to a nine-year high. Chinese stocks set their longest winning streak in two years, and the yuan had strengthened past 7 per dollar overnight [.SS], despite rising tension over Hong Kong...

Metals and Minerals

10.07.2020

Bullion sticks to $1,800+ position

Gold held above $1,800 on Thursday, close to the near nine-year peak hit in the previous session, on growing fears that surging coronavirus cases could stall a global economic recovery, with the focus shifting to U.S. jobs data later in the day.

Spot gold was little changed at $1,809.19 per ounce...

Gold held above $1,800 on Thursday, close to the near nine-year peak hit in the previous session, on growing fears that surging coronavirus cases could stall a global economic recovery, with the focus shifting to U.S. jobs data later in the day.

Spot gold was little changed at $1,809.19 per ounce...

10.07.2020

Copper leads continuing non-ferrous base metals markets’ revival

Copper prices hit their highest in over a year on Thursday, spurred by hopes of a faster recovery in top consumer China and supply concerns in the world’s biggest producer Chile.

Three-month copper on the London Metal Exchange (LME) rose 1.7% to $6,341 a tonne by 1150 GMT after touching its...

Copper prices hit their highest in over a year on Thursday, spurred by hopes of a faster recovery in top consumer China and supply concerns in the world’s biggest producer Chile.

Three-month copper on the London Metal Exchange (LME) rose 1.7% to $6,341 a tonne by 1150 GMT after touching its...

10.07.2020

Chinese iron ore, steel, coal continue to appreciate

Chinese iron ore futures extended gains to a fifth straight session on Thursday as mills bought the steelmaking ingredient to replenish inventories on hopes of strong demand in the coming months, sending spot prices to an 11-month high.

The Dalian Commodity Exchange’s most-traded September iron ore contract closed 1% higher at...

Chinese iron ore futures extended gains to a fifth straight session on Thursday as mills bought the steelmaking ingredient to replenish inventories on hopes of strong demand in the coming months, sending spot prices to an 11-month high.

The Dalian Commodity Exchange’s most-traded September iron ore contract closed 1% higher at...

Energy Industry

10.07.2020

8 meters of automatic electricity metering system installed in power stations of Naryn region, Kyrgyzstan

In the auxiliary stations Min-Kush, Kara-Keche and Kara-Kuzhur, 8 meters of the automatic electricity metering system were installed. This was announced on July 9 by the director of the Naryn branch of the National Electric Network of Kyrgyzstan, Zholdosh Ibraev, during the broadcast on the NENK website.

He also spoke about...

In the auxiliary stations Min-Kush, Kara-Keche and Kara-Kuzhur, 8 meters of the automatic electricity metering system were installed. This was announced on July 9 by the director of the Naryn branch of the National Electric Network of Kyrgyzstan, Zholdosh Ibraev, during the broadcast on the NENK website.

He also spoke about...

10.07.2020

Overhaul carried out at 8 power stations in Kyrgyzstan over 6 months of 2020 to prepare for the autumn-winter period

In preparation for the autumn-winter period, over 6 months of 2020, overhaul was carried out in 8 auxiliary stations. This was announced on July 9 by the director of the Naryn branch of the National Electric Network of Kyrgyzstan, Zholdosh Ibraev, during the broadcast on the NENK website.

Over 6 months...

In preparation for the autumn-winter period, over 6 months of 2020, overhaul was carried out in 8 auxiliary stations. This was announced on July 9 by the director of the Naryn branch of the National Electric Network of Kyrgyzstan, Zholdosh Ibraev, during the broadcast on the NENK website.

Over 6 months...

10.07.2020

Overhaul of overhead lines with a total length of 25 km is planned in Kyrgyzstan for 2020

In 2020, according to the plan, overhaul should be carried out on 25 km of air lines and 12 auxiliary stations. This was announced on July 9 by the director of the Naryn branch of the National Electric Network of Kyrgyzstan during the broadcast on the NENK website.

Ongoing repair work...

In 2020, according to the plan, overhaul should be carried out on 25 km of air lines and 12 auxiliary stations. This was announced on July 9 by the director of the Naryn branch of the National Electric Network of Kyrgyzstan during the broadcast on the NENK website.

Ongoing repair work...

Trade and Consumer Goods

10.07.2020

Kyrgyz hotel association chair calls for self-sufficiency, import substitution

Any crisis makes you not just think, but to reason, the businessman and head of the Association of Leading Restaurateurs and Hoteliers, Evgeny Tyan, says.

In his opinion, this applies to activists who now stand at the helm and do something.

Tyan noted that these days, many people rallied to solve problems.

According...

Any crisis makes you not just think, but to reason, the businessman and head of the Association of Leading Restaurateurs and Hoteliers, Evgeny Tyan, says.

In his opinion, this applies to activists who now stand at the helm and do something.

Tyan noted that these days, many people rallied to solve problems.

According...

10.07.2020

Conformity assessment of drinks made from fruits and vegetables carried out in Kyrgyzstan

Juices, nectars and juice-containing drinks from fruits and vegetables produced in Kyrgyzstan and imported into its territory may be placed on the domestic market only if they comply with the requirements established by the Technical Regulations. This was stated by Kyrgyzstandart.

The conformity assessment of juices, nectars and juice drinks from...

Juices, nectars and juice-containing drinks from fruits and vegetables produced in Kyrgyzstan and imported into its territory may be placed on the domestic market only if they comply with the requirements established by the Technical Regulations. This was stated by Kyrgyzstandart.

The conformity assessment of juices, nectars and juice drinks from...

Agriculture

10.07.2020

EU, US wheat futures keep strengthening on weather concerns

Chicago wheat futures extended gains on Thursday to a new one-month peak as latest crop estimates in major exporting countries like Argentina, France and Russia raised question marks about global supply. Corn and soybeans were also higher, recovering from losses earlier in the week as weather forecasts predicted more intense...

Chicago wheat futures extended gains on Thursday to a new one-month peak as latest crop estimates in major exporting countries like Argentina, France and Russia raised question marks about global supply. Corn and soybeans were also higher, recovering from losses earlier in the week as weather forecasts predicted more intense...

Manufacturing industry

10.07.2020

Kyrgyzstan exports $271.2 million worth of clothing to Russia from the beginning of the year

The value of export deliveries to Russia in January-April 2020 decreased by 3% compared to the same period in 2019. This was stated in the materials of the National Statistics Committee.

In January-April 2020, Kyrgyzstan delivered to Russia $271.2 million worth of clothing, and $1.8 million worth of cotton fibre.

The total...

The value of export deliveries to Russia in January-April 2020 decreased by 3% compared to the same period in 2019. This was stated in the materials of the National Statistics Committee.

In January-April 2020, Kyrgyzstan delivered to Russia $271.2 million worth of clothing, and $1.8 million worth of cotton fibre.

The total...

Oil and Gas Sector

10.07.2020

Brent posts marginal depreciation, bug blamed

Concerns about renewed coronavirus lockdowns in the United States outweighed signs of a recovery in U.S. gasoline demand on Thursday to keep a lid on oil prices. The market is also in a holding pattern ahead of a meeting on July 15 of the market monitoring panel of the Organization...

Concerns about renewed coronavirus lockdowns in the United States outweighed signs of a recovery in U.S. gasoline demand on Thursday to keep a lid on oil prices. The market is also in a holding pattern ahead of a meeting on July 15 of the market monitoring panel of the Organization...

10.07.2020

Norway seen pumping North Sea region’s natural gas prices down

Prompt British wholesale gas prices edged lower on Thursday morning as an uptick in imports from Norway left the market oversupplied.

The day-ahead contract was down 0.45 pence at 14.25 p/therm by 0907 GMT.

The weekend gas contract was down 0.98 p at 13.90 p/therm.

Traders said gas demand is still fundamentally weak...

Prompt British wholesale gas prices edged lower on Thursday morning as an uptick in imports from Norway left the market oversupplied.

The day-ahead contract was down 0.45 pence at 14.25 p/therm by 0907 GMT.

The weekend gas contract was down 0.98 p at 13.90 p/therm.

Traders said gas demand is still fundamentally weak...

Communications and Transportation

10.07.2020

Internal passenger transportation suspended for 10 days in Issyk-Kul region

Work of public transport is suspended for 10 days in Issyk-Kul region of Kyrgyzstan, the Republican Emergency Response Center reported.

Interregional passenger traffic will be suspended from July 10, as well as within the region.

“Taxi services must adhere to sanitary and epidemiological standards and not allow filling of no more than 70% of seats. The relevant structures will control the pricing policy of taxi services,” the...

Work of public transport is suspended for 10 days in Issyk-Kul region of Kyrgyzstan, the Republican Emergency Response Center reported.

Interregional passenger traffic will be suspended from July 10, as well as within the region.

“Taxi services must adhere to sanitary and epidemiological standards and not allow filling of no more than 70% of seats. The relevant structures will control the pricing policy of taxi services,” the...

Regional News

10.07.2020

Central Asian migrants worst hit by coronavirus job losses in Russia

Labour migrants were almost twice as likely as Russians to lose their jobs during the coronavirus pandemic, new research has found.

A survey conducted by conducted by the Russian Presidential Academy of National Economy and Public Administration (RANEPA) says that some 40% of Central Asian labor migrants working in Russia...

Labour migrants were almost twice as likely as Russians to lose their jobs during the coronavirus pandemic, new research has found.

A survey conducted by conducted by the Russian Presidential Academy of National Economy and Public Administration (RANEPA) says that some 40% of Central Asian labor migrants working in Russia reported that they...

10.07.2020

Russia likely to prevent second coronavirus outbreak

Russia has all chances of thwarting a second wave of the coronavirus and avoiding tough quarantine measures, Representative of the World Health Organization (WHO) in Russia Melita Vujnovic told Izvestia. She stressed that the cancellation of restrictions in Russia did not trigger a surge in diseases and the authorities manage...

Russia has all chances of thwarting a second wave of the coronavirus and avoiding tough quarantine measures, Representative of the World Health Organization (WHO) in Russia Melita Vujnovic told Izvestia. She stressed that the cancellation of restrictions in Russia did not trigger a surge in diseases and the authorities manage...

10.07.2020

Russian travel industry posts 1.5 trillion rouble losses due t lockdown

The Russian tourism industry has lost 1.5 trillion rubles over the past six months due to coronavirus, it will take at least a year and a half to restore the industry to pre-crisis levels, president of the Russian Union of Travel Industry Andrei Ignatiev said, citing data from the 

The Russian tourism industry has lost 1.5 trillion rubles over the past six months due to coronavirus, it will take at least a year and a half to restore the industry to pre-crisis levels, president of the Russian Union of Travel Industry Andrei Ignatiev said, citing data from the Federal Tourism...

10.07.2020

Ailing greenback sends Russian rouble up, stocks down

The Russian rouble firmed on Thursday, strengthening against the dollar in line with other currencies and supported by appetite for risk on global markets, despite a resurgence of COVID-19 cases around the world.

At 0745 GMT, the rouble was 0.2% stronger against the dollar at 70.97 and had gained 0.3% to...

The Russian rouble firmed on Thursday, strengthening against the dollar in line with other currencies and supported by appetite for risk on global markets, despite a resurgence of COVID-19 cases around the world.

At 0745 GMT, the rouble was 0.2% stronger against the dollar at 70.97 and had gained 0.3% to...

10.07.2020

China’s stock markets reach for the sky as bargain hunters invade Hong Kong

Investors in China’s soaring stock market are increasingly turning to Hong Kong for bargains, egging on an investment boom on the back of large tech listings and shaking off fears of political risks in the bruised financial hub. The country's blue-chip CSI300 index hit five-year-highs in recent sessions on a state-endorsed...

Investors in China’s soaring stock market are increasingly turning to Hong Kong for bargains, egging on an investment boom on the back of large tech listings and shaking off fears of political risks in the bruised financial hub. The country's blue-chip CSI300 index hit five-year-highs in recent sessions on a state-endorsed...

10.07.2020

China's consumer price index up 2.5% in June

China's consumer price index, a main gauge of inflation, grew 2.5 percent year-on-year in June, with the increase mainly driven by rising food prices, the National Bureau of Statistics said on Thursday.

The rebound of new COVID-19 cases in Beijing and severe floods in some provinces have led to the rise...

China's consumer price index, a main gauge of inflation, grew 2.5 percent year-on-year in June, with the increase mainly driven by rising food prices, the National Bureau of Statistics said on Thursday.

The rebound of new COVID-19 cases in Beijing and severe floods in some provinces have led to the rise...

10.07.2020

CGN to boost its green credentials

China General Nuclear Power Corp, one of the country's largest nuclear power companies, said its total installed domestic capacity of new energy is expected to reach 24 million kilowatts by the end of this year, up from 20.54 million kW as of the end of May.

The company's total domestic new...

China General Nuclear Power Corp, one of the country's largest nuclear power companies, said its total installed domestic capacity of new energy is expected to reach 24 million kilowatts by the end of this year, up from 20.54 million kW as of the end of May.

The company's total domestic new...

Prices and Statistics

10.07.2020

Commodities

Date: July 10, 2020; Source: the National Bank of Kazakhstan Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 39.08 -0.54 -1.36% Aug 2020 1:06 AM
CO1:COMBrent Crude (ICE) USD/bbl. 41.89 -0.46 -1.09% Sep 2020 1:06 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 123.96 -1.09 -0.87% Aug 2020 1:04 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 1.76 -0.02 -0.90% Aug 2020 1:05 AM
HO1:COMHeating Oil (Nymex) USd/gal. 121.36 -1.03 -0.84% Aug 2020 1:06 AM
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
GC1:COMGold (Comex) USD/t oz. 1,806.40 +2.60 +0.14% Aug 2020 1:06 AM
XAUUSD:CURGold Spot USD/t oz. 1,800.60 -2.95 -0.16% N/A 1:16 AM
SI1:COMSilver (Comex) USD/t oz. 19.03 +0.07 +0.36% Sep 2020 1:06 AM
HG1:COMCopper (Comex) USd/lb. 283.45 -0.40 -0.14% Sep 2020 1:06 AM
XPTUSD:CURPlatinum Spot USD/t oz. 832.68 -5.00 -0.60% N/A 1:16 AM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
C 1:COMCorn (CBOT) USd/bu. 347.75 -1.00 -0.29% Sep 2020 1:05 AM
W 1:COMWheat (CBOT) USd/bu. 522.50 -2.50 -0.48% Sep 2020 1:06 AM
CC1:COMCocoa (ICE) USD/MT 2,149.00 +49.00 +2.33% Sep 2020 7/9/2020
CT1:COMCotton #2 (ICE) USd/lb. 63.75 -0.14 -0.22% Dec 2020 12:49 AM
LC1:COMLive Cattle (CME) USd/lb. 99.25 +0.10 +0.10% Aug 2020 7/9/2020

Date: July 10, 2020; Source: the National Bank of Kazakhstan

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 39.08 -0.54 -1.36% Aug 2020 1:06 AM
CO1:COMBrent Crude (ICE) USD/bbl. 41.89 -0.46 -1.09% Sep 2020 1:06 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 123.96 -1.09 -0.87% Aug 2020 1:04 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 1.76 -0.02 -0.90% Aug 2020 1:05 AM
HO1:COMHeating Oil (Nymex) USd/gal. 121.36 -1.03 -0.84% Aug 2020 1:06 AM

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
GC1:COMGold (Comex) USD/t oz. 1,806.40 +2.60 +0.14% Aug 2020 1:06 AM
XAUUSD:CURGold Spot USD/t oz. 1,800.60 -2.95 -0.16% N/A 1:16 AM
SI1:COMSilver (Comex) USD/t oz. 19.03 +0.07 +0.36% Sep 2020 1:06 AM
HG1:COMCopper (Comex) USd/lb. 283.45 -0.40 -0.14% Sep 2020 1:06 AM
XPTUSD:CURPlatinum Spot USD/t oz. 832.68 -5.00 -0.60% N/A 1:16 AM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
C 1:COMCorn (CBOT) USd/bu. 347.75 -1.00 -0.29% Sep 2020 1:05 AM
W 1:COMWheat (CBOT) USd/bu. 522.50 -2.50 -0.48% Sep 2020 1:06 AM
CC1:COMCocoa (ICE) USD/MT 2,149.00 +49.00 +2.33% Sep 2020 7/9/2020
CT1:COMCotton #2 (ICE) USd/lb. 63.75 -0.14 -0.22% Dec 2020 12:49 AM
LC1:COMLive Cattle (CME) USd/lb. 99.25 +0.10 +0.10% Aug 2020 7/9/2020

10.07.2020

Exchange Rates

Date: July 10, 2020; Source: the National Bank of Kyrgyzstan
1 US DOLLAR USD / KGS 77.7979
1 EURO EUR / KGS 88.1334
1 RUSSIAN ROUBLE RUB / KGS 1.0976
1 KAZAKHSTAN TENGE KZT / KGS 0.1896

Date: July 10, 2020; Source: the National Bank of Kyrgyzstan

1 US DOLLAR

USD / KGS

77.7979

1 EURO

EUR / KGS

88.1334

1 RUSSIAN ROUBLE

RUB / KGS

1.0976

1 KAZAKHSTAN TENGE

KZT / KGS

0.1896