In Kyrgyzstan, the level of registered unemployment amounted to 3.1% of the economically active population. This was stated in the materials of the National Statistics Committee.

In total, as of September 1, the number of unemployed people registered with the state employment service in search of work amounted to 100 thousand...

In January-July 2020, gross inflow of remittances amounted to USD 1 billion 225.3 million, decreased by 9.3% compared to last year, Deputy Minister of Economy of Kyrgyzstan Avtandil Alybayev said at a press conference at Kabar News Agency.

According to him, the bulk of remittances come from Russia - about 97%,...

In the 2020 parliamentary elections, the number of voters increased by 27.6% compared to 2015 elections, chairwoman of the Central Election Commission Nurzhan Shaildabekova told reporters at Kabar News Agency.

She said that a total of 3 million 523 thousand 532 voters were registered.

“Compared to 2015, the number of voters increased...

As of Thursday, 101 Kyrgyzstanis have cured of novel coronavirus.

According to the report of the Republican Headquarters for Combating COVID-19, a total of 42,005 patients have recovered in Kyrgyzstan since the beginning of the pandemic.

Kyrgyzstan reported Thursday 127 cases of COVID-19, raising the total number of infections to 45,757.

No fatality...

In 2020, GDP will show negative growth. Specialist of the Ministry of Economy A. Abdekirov told about this during public hearings of the draft national budget for 2021 and forecast for 2022-2023.

In 2020, negative GDP growth is expected at the level of 5.3%, and at the level of 4.9%, taking...

In 2021-2023, the SPF plans to receive 6.1 billion som from the state property management. State Secretary of the State Property Management Fund Ilyaz Tashbaev spoke about this during public hearings of the draft national budget for 2021 and the forecast for 2022-2023.

In 2021, it is planned to receive 1...

At the end of the first half of 2020, about 60% of enterprises in the financial sector made a profit, and 19.3% suffered losses. This was stated in the materials of the National Statistical Committee.

During this period, the balanced financial result was determined in the amount of 6 billion 103.2...

In 2021, nominal GDP will amount to KGS635 billion. Almaz Kochkorov, Head of the State Revenue Forecasting Department of the Ministry of Finance, spoke about this during public hearings of the draft national budget for 2021 and the forecast for 2022-2023.

In 2022, nominal GDP will increase to 692.3 billion som,...

The actual receipt of customs payments in January-August 2020 amounted to 15 billion 798.4 million som. Deputy Chairman of the State Customs Service Elnura Mambetzhunusheva spoke about this during public hearings of the draft national budget for 2021 and the forecast for 2022-2023.

The implementation of the forecast indicators amounted to...

For 2020, the revenues of the state budget from taxes and payments collected by the Tax Service were approved in the amount of 75 billion 828.6 million som. The Deputy Chairman of the State Tax Service Zamir Mamytov spoke about this during public hearings of the draft national budget for...

During the week, 21 transactions were made in the secondary market for the amount of 32.4 million som, 64% less. This was stated in the materials of the Kyrgyz Stock Exchange.

66% of the trading volume of the secondary market was occupied by transactions with shares of Kyrgyzneftegaz, at 21.4 million...

The U.S. dollar reached a two-month high on Thursday as concern grew over the resilience of an economic recovery in the United States and Europe amid a second wave of coronavirus infections.

The dollar benefited from another spike in coronavirus cases in Europe, which boosted its safe-haven appeal, while Federal Reserve...

Global shares fell on Thursday on investor concern about another economic hit from the coronavirus pandemic, ahead of key U.S. jobless data and comments from the head of the Federal Reserve.

After a summer lull in much of Europe, the infection rate has begun to rise sharply, with a number of...

While uncertainty created by the global pandemic has sparked a surge in gold buying, analysts are raising concerns over how much of the precious metal is left to mine.

According to the World Gold Council, gold mine production totaled 3,531 tonnes in 2019, which is one percent lower than in the...

Gold fell on Thursday to its lowest level in more than two months, crippled by a robust dollar, while investors fretted over uncertainties surrounding further stimulus measures to support a sluggish economy in the United States.

Spot gold fell 0.3% to $1,857.36 per ounce at 0747 GMT. Earlier in the session,...

Copper prices fell on Thursday as the U.S. dollar strengthened and as rising global cases of the novel coronavirus dashed hopes of a quick economic recovery.

The dollar held onto gains, making the greenback-priced metals more expensive for holders of other currencies, as signs of an economic slowdown in Europe and...

The cost of labelling a unit of goods in the Eurasian Economic Union is approximately at the same level, the deputy head of the State Tax Service Kubanybek Shatemirov said on the air of Birinchi radio.

There are certain necessary mandatory costs on the part of the business to switch to...

Chicago grain futures eased to one-week lows on Thursday as strength in the dollar and advancing U.S. corn and soybean harvests pushed prices away from recent highs fuelled by Chinese demand.

“A stronger U.S. dollar is not helping, but we also suspect the market is fatigued after such a strong rally...

The decline in the construction sector was influenced by the situation with the pandemic. Deputy Minister of Economy of Kyrgyzstan Avtandil Alybaev said this on September 24, 2020 at a press conference in Bishkek.

The construction sector accounts for 8% in the structure of the economy.

According to various estimates, about 30%...

Oil prices steadied on Thursday, as a fall in U.S. inventories last week was tempered by a stronger dollar and a renewed wave of COVID-19 cases in Europe that led several countries to reimpose travel restrictions.

Brent crude futures were up 10 cents, or 0.2%, to $41.87 a barrel by 1100...

For 2020, 463.6 million som were allocated from the budget for the maintenance of the State Committee for Information Technologies and Communications, of which 264.2 million som were actually spent for the period from January 1 to September 1, 2020. Such data are provided by the Open Budget portal.

Most of...

The laying of the last underground passage in the village of Belovodskoye has been completed under the project to improve the CAREC corridor 3 of the Bishkek-Osh highway, Phase 4, on the Bishkek-Kara-Balta section. This was reported by the press service of the Ministry of Transport.

Construction work has been completed...

The Council of the Eurasian Economic Commission adopted an order to conduct a comprehensive technical examination of the integrated information system to develop recommendations for the modernisation and development of the system, analyse the possibility of using existing tools and services in the implementation of projects within the digital agenda...

The construction and service sectors are in decline. Deputy Minister of Economy of Kyrgyzstan Avtandil Alybaev said this on September 24, 2020 at a press conference in Bishkek.

The decline over 8 months of 2020 in the construction sector amounted to 7.8%, in the service sector to 9.8%.

The deputy head reminded...

Date: September 25, 2020; Source: Bloomberg.com

Date: September 25, 2020; Source: the National Bank of Kyrgyzstan