Issue 30 - 12.12.2017
12.12.2017

Implementation of Taza Koom programme will lead to reduction of the grey economy - government

The main result of the implementation of the Taza Koom programme will be the optimisation of the state apparatus and the reduction of the grey economy, Prime Minister of Kyrgyzstan Sapar Isakov said on Monday at the international conference Prospects for Digital Government, Digital Education and Digital Medicine in Kyrgyzstan.

As the government’s press service cites prime-minister, first of all, the complex of measures on the national programme Taza Koom is aimed at increasing the well-being of the population of the Kyrgyz Republic.

"We shall use the money that we gain from the economic normalisation to improve the infrastructure in the regions, and to increase the salaries of professionals in the public sector. We will be able to pay special attention to the provision of clean water, expand access to quality medicine and education. Digitalisation will positively affect the increase of human resources in general," he said.

To date, work is underway to increase the speed of Internet communications and provide remote corners of the country with it, he said.

Reported by Tazabek (Kyrgyzstan).

Kyrgyzstan General

12.12.2017

Kyrgyz President to pay official visit to Uzbekistan

President of the Kyrgyz Republic Sooronbay Jeenbekov will pay an official visit to Uzbekistan this week.

The press service of the President of Kyrgyzstan on 11 December reported that the visit of Sooronbay Jeenbekov to Uzbekistan will take place on 13-14 December 2017.

President of Kyrgyzstan Sooronbay Jeenbekov received Foreign Minister Erlan...

President of the Kyrgyz Republic Sooronbay Jeenbekov will pay an official visit to Uzbekistan this week.

The press service of the President of Kyrgyzstan on 11 December reported that the visit of Sooronbay Jeenbekov to Uzbekistan will take place on 13-14 December 2017.

President of Kyrgyzstan Sooronbay Jeenbekov received Foreign Minister Erlan...

12.12.2017

Turkish agency trains Kyrgyz healthcare workers

The Turkish state development aid agency has trained healthcare workers in the central Asian country of Kyrgyzstan, it said on Monday.

The Turkish Cooperation and Coordination Agency (TIKA) said in a statement that the agency trained 37 healthcare professionals in Jalal-Abad, central-western Kyrgyzstan, and 48 others in the southern city of...

The Turkish state development aid agency has trained healthcare workers in the central Asian country of Kyrgyzstan, it said on Monday.

The Turkish Cooperation and Coordination Agency (TIKA) said in a statement that the agency trained 37 healthcare professionals in Jalal-Abad, central-western Kyrgyzstan, and 48 others in the southern city of...

Finance and Investment

12.12.2017

How much do entrepreneurs in Kyrgyzstan spend on taxes?

How much do the entrepreneurs in Kyrgyzstan spend on payment of taxes? That was the rhetorical question put forward by the head of IFC office Martin Naegele at the presentation of a study on costs of business to comply with mandatory requirements of tax legislation.

According to him, the annual economic effect of the reforms and reduction of the administrative...

How much do the entrepreneurs in Kyrgyzstan spend on payment of taxes? That was the rhetorical question put forward by the head of IFC office Martin Naegele at the presentation of a study on costs of business to comply with mandatory requirements of tax legislation.

According to him, the annual economic effect of the reforms and reduction of the administrative burden on private business...

Metals and Minerals

12.12.2017

Kaz Minerals shares flat on Dec 11

Shares of KAZ MINERALS-S (HKG:0847) last traded at 85, representing a move of 0%, or 7 per share, on volume of 660 shares. After opening the trading day at 85, shares of KAZ MINERALS-S traded in a close range. KAZ MINERALS-S currently has a total float of shares and on...

Shares of KAZ MINERALS-S (HKG:0847) last traded at 85, representing a move of 0%, or 7 per share, on volume of 660 shares. After opening the trading day at 85, shares of KAZ MINERALS-S traded in a close range. KAZ MINERALS-S currently has a total float of shares and on...

12.12.2017

Gold steadies below $1,250/oz ahead of Fed meeting

Gold steadied below $1,250 an ounce on Monday after its biggest weekly drop in more than six months, with moves muted ahead of an expected interest rate hike from the U.S. Federal Reserve this week.

Spot gold was at $1,247.48 an ounce at 1440 GMT, little changed from late on Friday,...

Gold steadied below $1,250 an ounce on Monday after its biggest weekly drop in more than six months, with moves muted ahead of an expected interest rate hike from the U.S. Federal Reserve this week.

Spot gold was at $1,247.48 an ounce at 1440 GMT, little changed from late on Friday,...

12.12.2017

Copper inches higher on softer dollar, China data

Copper prices gained for a fourth straight session on Monday, supported by a weaker dollar and data from top consumer China that indicated higher demand.

Benchmark copper on the London Metal Exchange did not trade in official rings but was bid up 0.2 percent at $6,585 a tonne. The metal used...

Copper prices gained for a fourth straight session on Monday, supported by a weaker dollar and data from top consumer China that indicated higher demand.

Benchmark copper on the London Metal Exchange did not trade in official rings but was bid up 0.2 percent at $6,585 a tonne. The metal used...

Energy Industry

12.12.2017

Severelectro disconnected 981 non-resident subscribers in Bishkek from power supply for overdue payment

On December 11 in Bishkek 981 non-residential subscribers for late payments were remotely switched off from their electricity supply, the press service of Severelectro stated.

The total amount of debt of the disconnected subscribers is 27.9 million som.

On Tuesday, December 12, the power supply of 1500 household subscribers will be cut...

On December 11 in Bishkek 981 non-residential subscribers for late payments were remotely switched off from their electricity supply, the press service of Severelectro stated.

The total amount of debt of the disconnected subscribers is 27.9 million som.

On Tuesday, December 12, the power supply of 1500 household subscribers will be cut...

12.12.2017

Indians to begin CASA-1000 project in Afghanistan

Officials of Afghanistan’s Ministry of Water and Energy (MoWE) on Monday said that two Indian companies have been selected to start the work on the CASA-1000 power project in Afghanistan.

The Indian companies are expected to begin with the installation of transmission lines within the framework of CASA-1000 in a month’s...

Officials of Afghanistan’s Ministry of Water and Energy (MoWE) on Monday said that two Indian companies have been selected to start the work on the CASA-1000 power project in Afghanistan.

The Indian companies are expected to begin with the installation of transmission lines within the framework of CASA-1000 in a month’s...

Trade and Consumer Goods

12.12.2017

Kyrgyzstan starts annual counting of livestock and poultry

Annual recounting of livestock and poultry has started in Kyrgyzstan on Dec. 10, the department of agriculture statistics of the National Statistics Committee of the Kyrgyz Republic reported.

In order to ensure timely and quality recounting of livestock and poultry throughout the country, a team of competent staff is responsible for...

Annual recounting of livestock and poultry has started in Kyrgyzstan on Dec. 10, the department of agriculture statistics of the National Statistics Committee of the Kyrgyz Republic reported.

In order to ensure timely and quality recounting of livestock and poultry throughout the country, a team of competent staff is responsible for...

12.12.2017

New legislation to harmonise landuse conditions for individual farmers and cooperatives

The Committee on Agrarian Policy, Water Resources, Ecology and Regional Development on December 11 at the meeting approved in the third reading the draft law on Amending Certain Legislative Acts of the Kyrgyz Republic, in particular the Land Code of the Kyrgyz Republic and the Law on Agricultural Land Management.

Deputy...

The Committee on Agrarian Policy, Water Resources, Ecology and Regional Development on December 11 at the meeting approved in the third reading the draft law on Amending Certain Legislative Acts of the Kyrgyz Republic, in particular the Land Code of the Kyrgyz Republic and the Law on Agricultural Land Management.

Deputy...

12.12.2017

Kyrgyzstan to manage Orto-Tokoy reservoir

Kyrgyzstan will manage the Orto-Tokoy reservoir. Members of the Parliamentary Committee on Agrarian Policy, Water Resources, Ecology and Regional Development today in three readings approved the ratification of the agreement between Kyrgyzstan and Uzbekistan on the interstate use of the Orto-Tokoy (Kasansai) reservoir.

The agreement between the countries was signed on October 6, 2017 in Tashkent....

Kyrgyzstan will manage the Orto-Tokoy reservoir. Members of the Parliamentary Committee on Agrarian Policy, Water Resources, Ecology and Regional Development today in three readings approved the ratification of the agreement between Kyrgyzstan and Uzbekistan on the interstate use of the Orto-Tokoy (Kasansai) reservoir.

The agreement between the countries was signed on October 6, 2017 in Tashkent. According to the document,...

12.12.2017

Russian wheat prices unmoved by global benchmark fall

Russian wheat export prices, which also serve as a benchmark for Kazakh wheat exports, were flat last week despite a fall in Chicago wheat, supported by buyers building up stocks before Russia's long New Year holiday, analysts said.

Russian wheat prices remain competitive after the decline of recent months, the analysts...

Russian wheat export prices, which also serve as a benchmark for Kazakh wheat exports, were flat last week despite a fall in Chicago wheat, supported by buyers building up stocks before Russia's long New Year holiday, analysts said.

Russian wheat prices remain competitive after the decline of recent months, the analysts...

Oil and Gas Sector

12.12.2017

Oil gains as New York blast turns focus to political risk

Oil prices edged higher on Monday, reversing earlier losses, after an explosion in New York refocused the market on the geopolitical risk.

Brent crude futures LCOc1 , the international benchmark for oil prices, were 30 cents higher at $63.70 a barrel by 1409 GMT.

U.S. West Texas Intermediate (WTI) crude...

Oil prices edged higher on Monday, reversing earlier losses, after an explosion in New York refocused the market on the geopolitical risk.

Brent crude futures LCOc1 , the international benchmark for oil prices, were 30 cents higher at $63.70 a barrel by 1409 GMT.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were...

Communications and Transportation

12.12.2017

Kyrgyzstan intends to become hub for storing other countries’ databases

Kyrgyzstan intends to become a hub for storing the database of other countries, Adviser to the Health Minister Talant Sultanov reported during the conference dedicated to Taza Koom (Pure Society)’s program "Perspectives of Digital Government, Digital Education and Digital Health in the Kyrgyz Republic”.

Today the issue of information security is...

Kyrgyzstan intends to become a hub for storing the database of other countries, Adviser to the Health Minister Talant Sultanov reported during the conference dedicated to Taza Koom (Pure Society)’s program "Perspectives of Digital Government, Digital Education and Digital Health in the Kyrgyz Republic”.

Today the issue of information security is...

Real Estate

12.12.2017

Bishkek Park Residence, Asyl Tash, Diamond-City and Ala-Too lead the market

The construction sector, though fundamental, is nonetheless much exposed to various internal and external trends affecting the market.

Regarding the results of 2015, Tazabek reported about leading construction companies in terms of the total area of facilities put into operation. According to selective observations, there were 10 developers at the top...

The construction sector, though fundamental, is nonetheless much exposed to various internal and external trends affecting the market.

Regarding the results of 2015, Tazabek reported about leading construction companies in terms of the total area of facilities put into operation. According to selective observations, there were 10 developers at the top...

Pharmaceutical and Healthcare News

12.12.2017

Growth of ARVI and influenza in Kyrgyzstan expected in second half of December

Experts predict an increase in the incidence of ARVI and influenza in the second half of December. In Kyrgyzstan, for the 48th week (from November 27 to December 3), compared with the previous week, the incidence of ARVI increased by 10.3 percent mainly in Bishkek and Osh, the Department of Disease Prevention and State Sanitary and Epidemiological Supervision reports.

According to it,...

Experts predict an increase in the incidence of ARVI and influenza in the second half of December. In Kyrgyzstan, for the 48th week (from November 27 to December 3), compared with the previous week, the incidence of ARVI increased by 10.3 percent mainly in Bishkek and Osh, the Department of Disease Prevention and State Sanitary and Epidemiological Supervision reports.

According to it, a gradual increase in...

Regional News

12.12.2017

The Eurasian Economic Union and Latin America: What could 2018 bring?

As the world becomes more interconnected, regions that are geographically distant are now becoming closer as diplomatic and trade ties develop. For example, the Eurasian Economic Union (EAEU) is approaching Latin America both as individual members and collectively.

The members of the EAEU are Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. Relations...

As the world becomes more interconnected, regions that are geographically distant are now becoming closer as diplomatic and trade ties develop. For example, the Eurasian Economic Union (EAEU) is approaching Latin America both as individual members and collectively.

The members of the EAEU are Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. Relations...

12.12.2017

China needs to be wary of security risks along Belt, Road

The Chinese Embassy in Pakistan warned last week of "a series of terrorist attacks" on Chinese targets there. From a car bomb attack on the Chinese Embassy in Kyrgyzstan in 2016 to two Chinese being kidnapped and killed in Pakistan this year, assaults against Chinese overseas organizations and personnel have...

The Chinese Embassy in Pakistan warned last week of "a series of terrorist attacks" on Chinese targets there. From a car bomb attack on the Chinese Embassy in Kyrgyzstan in 2016 to two Chinese being kidnapped and killed in Pakistan this year, assaults against Chinese overseas organizations and personnel have...

12.12.2017

New agreement between Uzbekistan and China set to take effect from January

A new Agreement between the Government of the Republic of Uzbekistan and the government of the People's Republic of China on international road transport is set to enter into force on 1 January. It was signed on 12 May, 2017 during the state visit of the President of Uzbekistan Shavkat...

A new Agreement between the Government of the Republic of Uzbekistan and the government of the People's Republic of China on international road transport is set to enter into force on 1 January. It was signed on 12 May, 2017 during the state visit of the President of Uzbekistan Shavkat...

12.12.2017

Chinese companies to produce iron and nickel in west of Kazakhstan

China continues to strengthen business relations with the regions of Kazakhstan.

The delegation of the international business association fr om Shenzhen City of China visited Kargalinsky district of the Aktobe region.

As a result of the trip, a memorandum on cooperation between the regional akimat and the international association was signed, Kazinform...

China continues to strengthen business relations with the regions of Kazakhstan.

The delegation of the international business association fr om Shenzhen City of China visited Kargalinsky district of the Aktobe region.

As a result of the trip, a memorandum on cooperation between the regional akimat and the international association was signed, Kazinform...

12.12.2017

Rostec plans to sell 26% stake in Kalashnikov arms producer in early 2018

Russian state corporation Rostec plans to sell a 26% stake in the Kalashnikov Corporation early next year, Rostec’s CEO Sergey Chemezov told TASS.

"The decision is already there, now the government is going to issue a ruling. Most likely, this [sale] will be at the beginning of next year, "he said.

Chemezov...

Russian state corporation Rostec plans to sell a 26% stake in the Kalashnikov Corporation early next year, Rostec’s CEO Sergey Chemezov told TASS.

"The decision is already there, now the government is going to issue a ruling. Most likely, this [sale] will be at the beginning of next year, "he said.

Chemezov...

12.12.2017

Russia’s industry ministry seeks to raise utilisation fee

Russia’s Industry and Trade Ministry has proposed jacking up the utilisation fee for passenger cars by 87-125% starting from 2018, which is expected to deal a severe blow to net importers as local carmakers will be granted unofficial compensation, Kommersant writes with reference to its own market source. Another automobile...

Russia’s Industry and Trade Ministry has proposed jacking up the utilisation fee for passenger cars by 87-125% starting from 2018, which is expected to deal a severe blow to net importers as local carmakers will be granted unofficial compensation, Kommersant writes with reference to its own market source. Another automobile...

12.12.2017

Stock markets to emerge in Turkmenistan

As part of the privatisation processes and the development of private enterprise in Turkmenistan, the country’s President Gurbanguly Berdimuhamedov announced a plan to open stock markets in the country at an enlarged meeting of the government, the Watan newspaper reported.

The placement of shares, organization of stock markets and conduct of...

As part of the privatisation processes and the development of private enterprise in Turkmenistan, the country’s President Gurbanguly Berdimuhamedov announced a plan to open stock markets in the country at an enlarged meeting of the government, the Watan newspaper reported.

The placement of shares, organization of stock markets and conduct of...

12.12.2017

Agreement on restructuring bad assets to be signed in Azerbaijan

The Financial Market Supervisory Authority of Azerbaijan (MBNP) and commercial banks start discussing a collective agreement for restructuring bad assets, Interfax-Azerbaijan reports.

The representatives of the Authority, banks and Azerbaijan Banks Association have held a meeting during which a presentation 'Baku approach' was held on creation of a mechanism for control...

The Financial Market Supervisory Authority of Azerbaijan (MBNP) and commercial banks start discussing a collective agreement for restructuring bad assets, Interfax-Azerbaijan reports.

The representatives of the Authority, banks and Azerbaijan Banks Association have held a meeting during which a presentation 'Baku approach' was held on creation of a mechanism for control...

12.12.2017

MoI to probe foreign fighters in North Afghanistan

The Ministry of Interior (MoI) on Sunday announced that the government is launching an investigation into the reports about the presence of European fighters who intend to fight with Daesh militant group in Darzab district of the northern Jawozjan province.

However, the MoI has previously confirmed the existence of foreign fighters...

The Ministry of Interior (MoI) on Sunday announced that the government is launching an investigation into the reports about the presence of European fighters who intend to fight with Daesh militant group in Darzab district of the northern Jawozjan province.

However, the MoI has previously confirmed the existence of foreign fighters...

Prices and Statistics

12.12.2017

Commodities

Date: December 12, 2017; Source: Bloomberg.com  Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 58.38 +0.39 +0.67% Jan 2018 1:18 AM
CO1:COMBrent Crude (ICE) USD/bbl. 65.56 +0.87 +1.34% Feb 2018 1:18 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 174.72 +2.06 +1.19% Jan 2018 1:14 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.83 +0.00 +0.14% Jan 2018 1:17 AM
HO1:COMHeating Oil (Nymex) USd/gal. 197.11 +2.05 +1.05% Jan 2018 1:14 AM
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,246.50 -0.40 -0.03% Feb 2018 1:19 AM
XAUUSD:CURGold Spot USD/t oz. 1,245.19 +3.17 +0.26% N/A 1:29 AM
SI1:COMSilver (Comex) USD/t oz. 15.78 0.00 -0.03% Mar 2018 1:19 AM
HG1:COMCopper (Comex) USd/lb. 300.85 -0.30 -0.10% Mar 2018 1:19 AM
XPTUSD:CURPlatinum Spot USD/t oz. 889.60 +1.28 +0.14% N/A 1:28 AM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 349.25 +0.25 +0.07% Mar 2018 1:12 AM
W 1:COMWheat (CBOT) USd/bu. 413.00 -0.50 -0.12% Mar 2018 1:18 AM
CC1:COMCocoa (ICE) USD/MT 1,912.00 +25.00 +1.32% Mar 2018 12/11/2017
CT1:COMCotton #2 (ICE) USd/lb. 73.02 +0.02 +0.03% Mar 2018 1:16 AM
LC1:COMLive Cattle (CME) USd/lb. 117.73 -0.57 -0.49% Feb 2018 12/11/2017

Date: December 12, 2017; Source: Bloomberg.com 

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 58.38 +0.39 +0.67% Jan 2018 1:18 AM
CO1:COMBrent Crude (ICE) USD/bbl. 65.56 +0.87 +1.34% Feb 2018 1:18 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 174.72 +2.06 +1.19% Jan 2018 1:14 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.83 +0.00 +0.14% Jan 2018 1:17 AM
HO1:COMHeating Oil (Nymex) USd/gal. 197.11 +2.05 +1.05% Jan 2018 1:14 AM

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,246.50 -0.40 -0.03% Feb 2018 1:19 AM
XAUUSD:CURGold Spot USD/t oz. 1,245.19 +3.17 +0.26% N/A 1:29 AM
SI1:COMSilver (Comex) USD/t oz. 15.78 0.00 -0.03% Mar 2018 1:19 AM
HG1:COMCopper (Comex) USd/lb. 300.85 -0.30 -0.10% Mar 2018 1:19 AM
XPTUSD:CURPlatinum Spot USD/t oz. 889.60 +1.28 +0.14% N/A 1:28 AM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 349.25 +0.25 +0.07% Mar 2018 1:12 AM
W 1:COMWheat (CBOT) USd/bu. 413.00 -0.50 -0.12% Mar 2018 1:18 AM
CC1:COMCocoa (ICE) USD/MT 1,912.00 +25.00 +1.32% Mar 2018 12/11/2017
CT1:COMCotton #2 (ICE) USd/lb. 73.02 +0.02 +0.03% Mar 2018 1:16 AM
LC1:COMLive Cattle (CME) USd/lb. 117.73 -0.57 -0.49% Feb 2018 12/11/2017
12.12.2017

Exchange Rates

Date: December 12, 2017; Source: the National Bank of Kyrgyzstan
1 US DOLLAR USD / KGS 69.7499
1 EURO EUR / KGS 82.2561
1 RUSSIAN ROUBLE RUB / KGS 1.1775
1 KAZAKHSTAN TENGE KZT / KGS 0.2083

Date: December 12, 2017; Source: the National Bank of Kyrgyzstan

1 US DOLLAR

USD / KGS

69.7499

1 EURO

EUR / KGS

82.2561

1 RUSSIAN ROUBLE

RUB / KGS

1.1775

1 KAZAKHSTAN TENGE

KZT / KGS

0.2083