Issue 1006 - 07.12.2021
07.12.2021

President Sadyr Japarov rejects law on trade unions for third time

The President of Kyrgyzstan Sadyr Japarov for the third time returned the bill «On Trade Unions», adopted by the deputies on October 20, 2021, to the Parliament of the Kyrgyz Republic with his objections. The Chairman of the Central Committee of the Mining and Metallurgical Trade Union, Eldar Tadzhibaev, told.

Previously, this law returned to Parliament in May and August 2021. According to the first objections of the head of state, the deputies were supposed to finalize the draft law and prepare an agreed version. At the same time, representatives of the Cabinet of Ministers of the Kyrgyz Republic, the trade unions themselves and associations of employers were to be included in the composition of the conciliation commission. However, this was not done.

«The document was adopted by the deputies behind the scenes and sent for signing to the president again in its unfinished form. The bill, adopted on October 20, 2021, also violates the norms of the Constitution, ILO Conventions No. 87 and No. 98, establishes strict framework and conditions for the activities of representative bodies of workers. Moreover, the draft law includes a whole chapter that sets quite detailed conditions for the formation of working bodies, the timing and procedure for electing the governing bodies of the Federation of Trade Unions of Kyrgyzstan and other trade organizations. These conditions should be established by the statutes of trade unions. An absolute monopoly of the federation as the only trade union body — the social partner of the highest state power of Kyrgyzstan — was established. Many articles are vague and contradict each other,» Eldar Tadzhibaev said.

He also noted that signing of this version of the law could affect the participation of Kyrgyzstan in the GSP + program, which gives the right to duty-free trade with the EU countries. The Cabinet of Ministers gave a negative conclusion to the document, many comments were not taken into account. Objections of the International Labor Organization, international trade union associations, and non-governmental organizations were sent to the country’s leadership. The Presidential Executive Office received about 70,000 signatures of citizens against the bill.

«We thank the President for the correct, balanced decision that meets the interests of the country and workers. I would also like to note that, as part of the inventory of legislation, the process of discussing the draft law of the Kyrgyz Republic «On Trade Unions» is underway, which will actually be aimed at improving and strengthening the institution of trade unions in Kyrgyzstan, at ensuring the openness and transparency of the work of trade unions and guaranteeing freedom of association in order to improve working conditions and lives of Kyrgyzstanis,» Eldar Tadzhibaev concluded.

By Tatyana Kudryavtseva for 24.kg.

Kyrgyzstan General

07.12.2021

Election results: What new Parliament of Kyrgyzstan looks like

Manual counting of votes has practically ended in Kyrgyzstan. The new Parliament, consisting of 90 deputies, has actually been formed.

As a result of voting, six political parties overcame the 5 percent threshold in the single electoral district: Ata Zhurt Kyrgyzstan, Ishenim, Alliance, Butun Kyrgyzstan, Yntymak and Yiman Nuru. They will...

Manual counting of votes has practically ended in Kyrgyzstan. The new Parliament, consisting of 90 deputies, has actually been formed.

As a result of voting, six political parties overcame the 5 percent threshold in the single electoral district: Ata Zhurt Kyrgyzstan, Ishenim, Alliance, Butun Kyrgyzstan, Yntymak and Yiman Nuru. They will...

07.12.2021

Osh Mayor discusses implementation of joint projects with head of UN Women

Mayor of Osh city Almaz Mambetov met with representative of UN-Women in Kyrgyzstan Ulziyisuren Zhamsran.

The mayor, in his opening speech, emphasized the importance of the work that this organisation is doing to strengthen gender equality. In turn, Ulziisuren Zhamsran spoke about plans for the implementation of innovative projects to improve...

Mayor of Osh city Almaz Mambetov met with representative of UN-Women in Kyrgyzstan Ulziyisuren Zhamsran.

The mayor, in his opening speech, emphasized the importance of the work that this organisation is doing to strengthen gender equality. In turn, Ulziisuren Zhamsran spoke about plans for the implementation of innovative projects to improve...

07.12.2021

Over 25 thsd Kyrgyzstanis received free legal aid since beginning of year

In Kyrgyzstan, more than 25 thousand citizens received free legal aid since the beginning of the year, Akzhol Kalbekov, the Director of the Centre for Coordination of State-Guaranteed Legal Aid (SGLA) told during a press conference at Kabar News Agency.

He said the Centre provides free legal assistance all year round.

The...

In Kyrgyzstan, more than 25 thousand citizens received free legal aid since the beginning of the year, Akzhol Kalbekov, the Director of the Centre for Coordination of State-Guaranteed Legal Aid (SGLA) told during a press conference at Kabar News Agency.

He said the Centre provides free legal assistance all year round.

The...

07.12.2021

10 more free legal aid centres planned to be opened in Kyrgyzstan

10 more legal aid centres are planned to be opened in Kyrgyzstan in the near future, Director of the Centre for Coordination of State-Guaranteed Legal Aid (SGLA) Akzhol Kalbekov said Monday during a press conference at Kabar News Agency.

He added that 34 centres are currently open across the country.

"However, we...

10 more legal aid centres are planned to be opened in Kyrgyzstan in the near future, Director of the Centre for Coordination of State-Guaranteed Legal Aid (SGLA) Akzhol Kalbekov said Monday during a press conference at Kabar News Agency.

He added that 34 centres are currently open across the country.

"However, we...

07.12.2021

Working visit of Kyrgyz Cabinet chairman to Kazakhstan discussed

First Deputy Chairman of the Cabinet of Ministers of Kyrgyzstan Arzybek Kozhoshev met with Ambassador of Kazakhstan to Kyrgyzstan Rapil Zhoshybayev, the press service of the Cabinet reported.

Kozhoshev expressed congratulations on the occasion of the 30th anniversary of independence of Kazakhstan.

During the meeting, the sides discussed issues of organisation of...

First Deputy Chairman of the Cabinet of Ministers of Kyrgyzstan Arzybek Kozhoshev met with Ambassador of Kazakhstan to Kyrgyzstan Rapil Zhoshybayev, the press service of the Cabinet reported.

Kozhoshev expressed congratulations on the occasion of the 30th anniversary of independence of Kazakhstan.

During the meeting, the sides discussed issues of organisation of...

Finance and Investment

07.12.2021

Small business exempted from taxes in Kyrgyzstan

The President of Kyrgyzstan Sadyr Japarov signed a decree on support of small business, creation of a favorable tax climate. Presidential press service reported.

The document provides for tax exemption for business entities with an annual turnover of up to 8 million soms. But at the same time, they must necessarily...

The President of Kyrgyzstan Sadyr Japarov signed a decree on support of small business, creation of a favorable tax climate. Presidential press service reported.

The document provides for tax exemption for business entities with an annual turnover of up to 8 million soms. But at the same time, they must necessarily...

Energy Industry

07.12.2021

President signs decree on reducing electricity tariff for low-income families

President of Kyrgyzstan Sadyr Zhaparov signed on Monday a Decree "On measures to support low-income citizens (families) in the form of reduced payment for electricity”, his press service said.

Earlier, at the meeting of Kyrgyzstan’s Security Council on Nov. 26 this year, the head of state instructed to work out a...

President of Kyrgyzstan Sadyr Zhaparov signed on Monday a Decree "On measures to support low-income citizens (families) in the form of reduced payment for electricity”, his press service said.

Earlier, at the meeting of Kyrgyzstan’s Security Council on Nov. 26 this year, the head of state instructed to work out a...

Defence and Security

07.12.2021

Deputy Chairman of Kyrgyz Security Council Masadykov in Iran for visit

On Dec. 4-7, Deputy Chairman of Kyrgyzstan’s Security Council Taalatbek Masadykov is in Iran for a visit, the press service of the Kyrgyz Foreign Ministry said.

As part of the visit, Masadykov met with Secretary of the Supreme National Security Council of Iran Ali Shamkhani, Minister of Foreign Affairs of Iran...

On Dec. 4-7, Deputy Chairman of Kyrgyzstan’s Security Council Taalatbek Masadykov is in Iran for a visit, the press service of the Kyrgyz Foreign Ministry said.

As part of the visit, Masadykov met with Secretary of the Supreme National Security Council of Iran Ali Shamkhani, Minister of Foreign Affairs of Iran...

Agriculture

07.12.2021

Farmers and peasant farms exempted from land tax in Kyrgyzstan

Farmers and peasant farms are exempted from land tax. The corresponding decree was signed by the President of Kyrgyzstan Sadyr Japarov. The head of state announced it on his page in social media.

«Today I issued a decree exempting farmers and peasant farms from land tax. This work is being carried...

Farmers and peasant farms are exempted from land tax. The corresponding decree was signed by the President of Kyrgyzstan Sadyr Japarov. The head of state announced it on his page in social media.

«Today I issued a decree exempting farmers and peasant farms from land tax. This work is being carried...

07.12.2021

Beekeepers from Kyrgyzstan entering Uzbek market

Beekeepers from Kyrgyzstan are participating in the honey festival and fair of bee products in Tashkent, Kabar correspondent reports from the venue.

More than 100 kinds of honey from all regions of Uzbekistan, as well as from Kyrgyzstan, Kazakhstan and Russia are presented at the festival. Judging by the reaction of...

Beekeepers from Kyrgyzstan are participating in the honey festival and fair of bee products in Tashkent, Kabar correspondent reports from the venue.

More than 100 kinds of honey from all regions of Uzbekistan, as well as from Kyrgyzstan, Kazakhstan and Russia are presented at the festival. Judging by the reaction of...

Manufacturing industry

07.12.2021

Industrial production in EAEU grows by almost 5% compared to 2020

Industrial production in the Eurasian Economic Union in January-October 2021 increased by 4.9% compared to January-October 2020.

The volume of production of the manufacturing industry of the EAEU over 10 months of this year increased by 5.3%.

Production increased to the greatest extent in the field of water supply, sewerage systems, control...

Industrial production in the Eurasian Economic Union in January-October 2021 increased by 4.9% compared to January-October 2020.

The volume of production of the manufacturing industry of the EAEU over 10 months of this year increased by 5.3%.

Production increased to the greatest extent in the field of water supply, sewerage systems, control...

07.12.2021

New shoe manufacturing facility launched in Kyrgyzstan

The Agency for Investment and Development of Kyrgyzstan continues work on the implementation of unique projects.

As part of the ongoing work, a visit took place on Dec. 6 to an enterprise for the production of shoe products, the press service of the Agency said.

Implementation of the project began this year...

The Agency for Investment and Development of Kyrgyzstan continues work on the implementation of unique projects.

As part of the ongoing work, a visit took place on Dec. 6 to an enterprise for the production of shoe products, the press service of the Agency said.

Implementation of the project began this year...

07.12.2021

Kyrgyzstan plans to open new textile factory together with investor from Turkey

The Investment and Development Agency of Kyrgyzstan, together with an investor from Turkey, plans to open a new textile factory in 2022 on the basis of an idle enterprise - the former Kara-Balta carpet plant, with a total area of ​​53 thousand m2.

The Investment and Development Agency said that in...

The Investment and Development Agency of Kyrgyzstan, together with an investor from Turkey, plans to open a new textile factory in 2022 on the basis of an idle enterprise - the former Kara-Balta carpet plant, with a total area of ​​53 thousand m2.

The Investment and Development Agency said that in...

Communications and Transportation

07.12.2021

Kyrgyzstan has fastest Internet among Central Asian countries

Kyrgyzstan has the fastest Internet among the countries of Central Asia. Report by Cable.co.uk says.

According to its data, Kyrgyzstan took the 155th place with a median download speed of a 5 GB file of 7.44 Mbit/sec. The publication specializes in comparing telecommunications providers.

The analysis of broadband Internet speed was conducted...

Kyrgyzstan has the fastest Internet among the countries of Central Asia. Report by Cable.co.uk says.

According to its data, Kyrgyzstan took the 155th place with a median download speed of a 5 GB file of 7.44 Mbit/sec. The publication specializes in comparing telecommunications providers.

The analysis of broadband Internet speed was conducted...

Regional News

07.12.2021

Industrial growth limits labour and investment shortages in Russia

The Gaidar Institute's November Business Survey Bulletin published the results of a study on sector growth constraints in 2021.

According to enterprises' estimates, the main constraint on output growth in 2021 was and remains insufficient domestic demand, but its constraining influence decreased from 54% to 46% of mentions. In 2020, the...

The Gaidar Institute's November Business Survey Bulletin published the results of a study on sector growth constraints in 2021.

According to enterprises' estimates, the main constraint on output growth in 2021 was and remains insufficient domestic demand, but its constraining influence decreased from 54% to 46% of mentions. In 2020, the...

07.12.2021

Russian markets upbeat on political breakthrough hopes

The Russian rouble firmed on Monday, helped by rising oil prices and on hopes that talks on Tuesday between Russian President Vladimir Putin and his U.S. counterpart Joe Biden could allay some fears over the military buildup in Ukraine.

At 0721 GMT, the rouble was 0.3% stronger against the dollar at...

The Russian rouble firmed on Monday, helped by rising oil prices and on hopes that talks on Tuesday between Russian President Vladimir Putin and his U.S. counterpart Joe Biden could allay some fears over the military buildup in Ukraine.

At 0721 GMT, the rouble was 0.3% stronger against the dollar at...

07.12.2021

China stock markets down on doubts over monetary policy

China stocks closed lower on Monday, dragged by semiconductor and new energy shares, with analysts saying that Premier Li Keqiang's comments on cut in reserve requirement ratios alone cannot turn around the economic down cycle. The blue-chip CSI300 index ended 0.2% lower at 4,892.62, while the Shanghai...

China stocks closed lower on Monday, dragged by semiconductor and new energy shares, with analysts saying that Premier Li Keqiang's comments on cut in reserve requirement ratios alone cannot turn around the economic down cycle. The blue-chip CSI300 index ended 0.2% lower at 4,892.62, while the Shanghai Composite Index lost 0.5% to 3,589.31...

07.12.2021

New Beijing bourse highlights positive effects of opening-up on financial sector

The Beijing Stock Exchange, which opened on Nov 15 for business and is expected to grow into the Chinese version of Nasdaq, has attracted the local capital markets' spotlight that was hitherto shining on bigger bourses such as the Shanghai Stock Exchange.

Now, foreign securities firms, which have played an increasingly...

The Beijing Stock Exchange, which opened on Nov 15 for business and is expected to grow into the Chinese version of Nasdaq, has attracted the local capital markets' spotlight that was hitherto shining on bigger bourses such as the Shanghai Stock Exchange.

Now, foreign securities firms, which have played an increasingly...

07.12.2021

China's central bank announces reserve requirement ratio cut

China's central bank said Monday it has decided to cut the reserve requirement ratio (RRR) for financial institutions to support the development of the real economy and reduce the comprehensive financing cost.

The ratio will be cut by 0.5 percentage points, effective on Dec. 15, except for those financial institutions that...

China's central bank said Monday it has decided to cut the reserve requirement ratio (RRR) for financial institutions to support the development of the real economy and reduce the comprehensive financing cost.

The ratio will be cut by 0.5 percentage points, effective on Dec. 15, except for those financial institutions that...

Prices and Statistics

07.12.2021

Commodities

Date: December 07, 2021; Source: Bloomberg.com

Date: December 07, 2021; Source: Bloomberg.com

07.12.2021

Exchange Rates

Date: December 07, 2021; Source: the National Bank of Kyrgyzstan
1 US DOLLAR USD / KGS 84,7942
1 EURO EUR / KGS 95,7496
1 RUSSIAN ROUBLE RUB / KGS 1,1510
1 KAZAKHSTAN TENGE KZT / KGS 0,1946

Date: December 07, 2021; Source: the National Bank of Kyrgyzstan

1 US DOLLAR

USD / KGS

84,7942

1 EURO

EUR / KGS

95,7496

1 RUSSIAN ROUBLE

RUB / KGS

1,1510

1 KAZAKHSTAN TENGE

KZT / KGS

0,1946