In which region of the Kyrgyz Republic is the largest number of economic entities engaged in fish farming located? The largest number of fish farming entities, totaling 83 farms, is located in the Chui region. This is stated in the data from the Ministry of Agriculture. In the Issyk-Kul region, 25 economic entities engaged in fish farming have been recorded. In the Osh region, 9 economic entities are involved in fish farming.
How much is the som backed by gold and currency? Almost every country has gold and foreign currency reserves that support the exchange rate of the national currency and help combat currency fluctuations. The som is one of the most stable currencies; it is stronger than the euro, yuan, and ruble. How much is the som backed by gold and foreign currency reserves?
Elena Berkova, from the television show "Dom-2," is ready to accept Kyrgyz citizenship under certain conditions. The former participant of the notorious television show "Dom-2" and Russian porn star, as well as an unsuccessful candidate for the presidency of the Russian Federation, Elena Berkova, announced the possibility of accepting Kyrgyz citizenship. A citizen of Ukraine is willing to do this if the republic pays her!
Car Market 2018 In Kyrgyzstan, 837 vehicles, including passenger and cargo cars, were imported in the first 6 months of 2018. The majority of imported vehicles were cars, vans, and pickups based on passenger cars, as well as cargo vehicles manufactured not earlier than 2013.
In six months, exports of goods from Kyrgyzstan to Russia increased by 40%, while imports from Russia grew by 10% The economy of Kyrgyzstan is not experiencing significant upheavals during the adaptation to the norms and requirements of the Eurasian Economic Union. This was stated by the temporary chargé d'affaires of Russia in Kyrgyzstan, Vadim Chekmazov, speaking at the Kyrgyz-Russian business forum in Bishkek. “Russia is trying to support its strategic partner and ally, helping to
Kyrgyz Migrants Transferred $954 Million from Russia in 2018 In the first five months of 2018, the inflow of remittances to Kyrgyzstan from labor migrants amounted to $972.3 million, of which $954 million was sent by migrants from the republic working in Russia, according to a report published on the national bank's website. According to official data, there are currently more than 600 thousand labor migrants from the republic in Russia. After Kyrgyzstan joined the EAEU in August 2015,
150 million soms received from the fight against corruption As of today, 148 million soms have been deposited into the unified deposit account for funds from the fight against corruption. It should be noted that at the beginning of the week, the Prosecutor General's Office transferred 39 million soms to the account. The State Committee for National Security (GKNB) initially contributed 95.9 million, and then another 13.3 million. Thus, the GKNB has transferred a total of 109.2 million
Transfer of May Holidays According to the decision of the Cabinet, the day off on April 28, 2018, is moved to the working day of April 30, 2018. This makes sense because April 28 is a Saturday, and the 30th is a Monday. Following that is May 1 - a public holiday (International Workers' Day), which falls on a Tuesday. Thus, there will be three consecutive days off - April 29, 30, and May 1.
Over the past five years, the number of serviced flights at OJSC "Manas International Airport" has increased by 5,623, or 21 percent. This was announced today at the annual general meeting of the company's shareholders. It was noted that in 2017, Manas Airport serviced 21,956 flights. This is an increase of 3,327 flights, or 11.6 percent, compared to 2016. The majority of these were international flights, totaling 21,006 flights. The volume of domestic flights amounted to 10,950
The commemorative banknote with a denomination of 2,000 som has won a prestigious international competition "Best Regional Banknote of the Year" is awarded for outstanding achievements in design, the use of modern security features in the context of artistic design, as well as the technological equipment and security of the banknote. The commemorative banknote with a denomination of 2,000 som has won the prestigious international competition "Best Regional Banknote of 2018"
A memorandum on the organization of financing for the acquisition of buses for the needs of the city of Bishkek was signed in Kyrgyzstan on December 25 The Prime Minister of the republic, Sapar Isakov, stated that the new transport will be launched in the capital by the end of spring 2018. The head of the Cabinet particularly noted that the buses will run on gas, which will significantly reduce harmful emissions into the air. According to Isakov, the implementation of the document will benefit
In 2017, wheat harvest in Kyrgyzstan reached 665 thousand tons. Thanks to this, the flour reserves in the republic should last until spring 2018. This was stated by the Deputy Minister of Agriculture, Food Industry, and Melioration Erkinbek Choduev during a press conference.
The size of Kyrgyzstan's national debt currently amounts to $4 billion 366.55 million or 60.6% of GDP This was reported by the press service of the Ministry of Finance.
In the coming days, the republic will receive about 424 thousand tons of Kazakh coal About 15 days ago, Kazakhstan suspended coal exports to Kyrgyzstan. However, on the eve of November 1, supplies were restored, and the first 6 wagons of fuel arrived in the republic. This was announced by Deputy Prime Minister Duyshenbek Zilaliev during a parliamentary session.
From January to September of this year, migrants transferred $1 billion 581.1 million to Kyrgyzstan, reports the National Bank of the Kyrgyz Republic In August, the volume of money transfers amounted to $262 million. At the same time, the majority of the amount - $257.4 million - came from Russia.
The Kyrgyz diplomat also reminded that Central Asian countries are rich in resources and are waiting for Arab investors. Kyrgyzstan hopes to utilize the experience of Arab states, primarily in the financial-banking sector, as well as in tourism and services. This statement was made by the Kyrgyz ambassador to Tajikistan, Miroslav Niyazov, who led the delegation representing Bishkek at the Arab Economic Forum for Cooperation with Central Asian Countries and Azerbaijan, which took place on
The International Center for Informatics and Electronics "InterEVM" proposes to establish a light aircraft assembly plant in Kyrgyzstan. This was reported by Vyacheslav Vasyagin, Deputy General Director for International and Foreign Economic Relations of the organization, during a round table discussion titled "Russia-Kyrgyzstan: the state and prospects for the development of economic cooperation." It is noted that the aircraft assembled at the plant will not only have
In Kyrgyzstan, the campaign "Global Money Week" began on March 14, during which educational activities and competitions will be held for children and youth throughout the republic, including remote regions and villages. Excursions to financial institutions and banks will also be organized. The National Bank of the Kyrgyz Republic acts as the campaign coordinator. "Global Money Week" is an annual international campaign conducted by the "Child and Youth Finance"
During the Moscow meeting between the President of Kyrgyzstan Almazbek Atambayev and the head of Russia Vladimir Putin, the issue of expanding trade turnover between the countries was discussed. Vladimir Putin, while discussing the most pressing issues of Russian-Kyrgyz cooperation, emphasized that Kyrgyzstan is a reliable strategic partner of Russia.
After the denunciation of agreements on the construction of hydropower plants in Kyrgyzstan by Russia, there has been more discussion in society about the deterioration of relations between the countries. Will this decision cause political tension in the country? According to Sergey MASAULOV, director of the Center for Prospective Studies (CPI-Bishkek), the situation is actually different. - The hydropower plant construction project is an economic business project, and there will be no
The Rosselkhoznadzor has published a list of Kyrgyz enterprises authorized to supply products to the Russian Federation. This was reported by the Deputy Prime Minister of the Kyrgyz Republic, Oleg Pankratov. The list includes 15 Kyrgyz enterprises engaged in the production of dairy and meat products, as well as fish processing.
The scandal with Canadian investors has not yet subsided when a new one began – with the Chinese. January became a black month for the managers and workers of the oil refinery "Junda". At the beginning of the month, representatives of the financial police conducted an armed search at the Kara-Balta enterprise, after which representatives of the investigative group of the GSBEP and PCR arrested two employees of the company - Deputy General Director Yui Shanlin and Chief Accountant
Not long ago, Kyrgyzstan denounced the agreement with Russia on the construction and operation of the Kambarata HPP-1. After the scandal with Canadian investors, the gold mining company "Centerra Gold," the work of the Chinese oil refinery "Junda" was suspended in the Kyrgyz city of Kara-Balta. Regarding why this is happening, as well as why the investment attractiveness of Kyrgyzstan is declining, the news agency spoke with economist and EAEU expert Nikita Mendkovich. –
In 2016, Kyrgyzstan will gain more opportunities to export its products to the Russian Federation by reorganizing old and creating new trade and economic ties. The Extraordinary and Plenipotentiary Ambassador of the Russian Federation to the Kyrgyz Republic, Andrey Krutko, spoke about what will be done in this direction at his press conference. - Cooperation between the Kyrgyz Republic and the Russian Federation in 2016 will develop in several directions at all levels. We are participants in
One of the offspring of Kyrgyz-Russian integration – the Kyrgyz-Russian Development Fund – is expected to undergo reforms and possibly an external audit in the near future. This was stated by the Extraordinary and Plenipotentiary Ambassador of the Russian Federation in the Kyrgyz Republic, Andrey Krutko, at his press conference dedicated to the results of 2015. During the quarter of active work, the fund has already granted loans for 307 million soms to 63 projects. Farmers engaged in
Kyrgyzstan is terminating the agreement with the Russian Federation on the construction of large hydropower projects, specifically the Kambar-Ata-1 Hydropower Plant and the Upper Naryn cascade of hydropower plants. This became known during the final annual press conference held on Thursday, December 24, by the head of state, Almazbek Atambayev. The implementation of the Kambar-Ata-1 hydropower project and the Upper Naryn cascade of hydropower plants, the construction of which began back in
The National Bank of Kyrgyzstan has introduced a gold collectible coin with diamond inlays called "Snow Leopard." This was announced by the head of the cash management department of the NBKR, Shamil Aydarkulov. The "Snow Leopard" has become the most expensive coin in the history of the National Bank of Kyrgyzstan. The collectible item is made of gold of 999 purity, with a nominal value of 200 soms. The obverse features a snow leopard with diamond eyes. The reverse side of
A unified brand for promoting products from the Naryn region, "Tenir-Tuu Azyktary" ("Products of Tenir-Tuu"), has been created in Kyrgyzstan. This was announced by Kuban Choroев, a representative of the Kyrgyz Tourism Association. – We, the team of the Kyrgyz Tourism Association, based on communities, participated in a tender for the development of a unified trade brand for the Naryn region. As a result, we won the tender, and starting in September, we conducted research in
After the Turkish Air Force shot down the Russian bomber Su-24, which was participating in the anti-terrorist operation in Syria, relations between Russia and Turkey sharply deteriorated. In response to Turkey's refusal to acknowledge its guilt and apologize, the Russian government imposed economic sanctions against Turkey. As a result, the partner countries of Russia in the Eurasian Economic Union, including Kyrgyzstan, found themselves in a rather awkward position. On one hand, it would
The Administration of the President of Kyrgyzstan has purchased two armored minibuses and has begun construction of a "Reception House" on the grounds of the State Residence. Thus, Kyrgyzstan is preparing for the upcoming meeting of the Council of Heads of State of the CIS. The Administration spent 105.5 million soms (1.4 million dollars) on this. To justify these expenses, the government of the republic proposes to increase the budget allocations for the Administration of the
Kyrgyzstan has begun accounting for natural capital. The first step in this direction will be the accounting of forests. To explain the necessity of this, the head of the environmental statistics department of the National Statistical Committee of Kyrgyzstan, UNDP expert Kanykey Orozbaeva, spoke to the news agency. Alternative to GDP
Let’s briefly summarize such an important period as the first 'hundred days' of the Kyrgyz Republic's membership in the Eurasian Economic Union (EAEU), highlighting the advantages and disadvantages of the integration process of the KR into the EAEU. Firstly, it is necessary to note that the period of Kyrgyzstan's accession to the EAEU coincided with a complex economic situation in partner countries, primarily Russia and Kazakhstan, which inevitably affected the overall
A book by the renowned economist, chairman of the Eurasian Economic Analytical Club, Nikita Mendkovich, titled 'On the Way to the Eurasian Economic Miracle: Russia and Integration in the Post-Soviet Space' has been published in Moscow. The book provides a detailed analysis of various aspects of the EAEU and examines the potential opportunities for economic development of all EAEU member states, as well as Tajikistan. According to the IA, the author of the work, the book 'On the
The National Bank of the Kyrgyz Republic has issued a commemorative collector's coin "Eurasian Economic Union." The coin is made of 925 silver. Its circulation is 1,000 copies. The EAEU coin, issued by the NBKR, was put into circulation on November 2. As reported by IA specialists of the National Bank, collector coins on the same theme will be released in all EAEU member countries by December 1.
Fluctuations in the dollar exchange rate are one of the most relevant and discussed topics in the post-Soviet space, and Kyrgyzstan is no exception. Since the beginning of autumn, the official dollar exchange rate has reached as low as 64.2 soms and has also exceeded 70. In what currency is it better to take loans and keep savings? Should we expect further rapid growth of the dollar against the som? This was discussed during a seminar for media representatives titled "Issues of Monetary
According to the Talas regional state administration, the price of beans currently stands at 28-30 soms per kilogram, whereas just last year the purchase price was twice as high. - In 2014, purchase prices rose to 70 soms. The international prices for beans are set on the exchange in Turkey. There, the figures are also low, which affects the price of the products we grow. Compared to previous years, there are not many buyers in the region, so the competition is very weak. Currently, about 15
"Smart meters" began to be installed in Kyrgyzstan in the fall of last year. By the end of 2015, it is planned to install about 110,000 modern devices in private homes. The financing is provided by Germany as part of the project "Improving the efficiency of the electricity distribution network." Representatives of the energy networks are calling on citizens to cooperate; the procedure for transferring subscribers will be free and mandatory for all, so there is no need to
The day of Kyrgyzstan's accession to the Eurasian Economic Union, August 12, is undoubtedly a historic event for the republic that will reflect on its future. However, what can ordinary Kyrgyzstanis expect from integration right now? On the very first day of full membership in the EAEU, customs control was lifted at some checkpoints on the Kyrgyz-Kazakh border. According to the Minister of Economy of the Kyrgyz Republic, Oleg PANKRATOV, the opening of customs borders is no longer just a
After Kazakhstan fell under the second wave of devaluation of its national currency, the tenge, many became concerned about which of the world's currencies would collapse next. Experts from one of the most accurate financial market information resources, Bloomberg, prepared a report last Friday that included 10 countries whose residents should be wary of devaluation. Among them are two member countries of the EAEU: Kyrgyzstan and Armenia. According to analysts' forecasts, all
Representatives of more than 40 enterprises from the Chinese province of Shanxi have arrived in Kyrgyzstan. The main goal of their visit is to negotiate with local businessmen. This was reported by Sun Yuejin, head of the Department of Commerce of Shanxi Province, during the Second Economic Forum "Issyk-Kul – 2015." – Together with the Kyrgyz Republic, we will try to find points of contact based on the natural resources and development trends of each country. I would like to note
The business community of Kyrgyzstan is concerned about the possible amendments to the law "On the Protection of the Health of Citizens of the Kyrgyz Republic from Tobacco Exposure," which would prohibit the sale of cigarettes within a radius of 100 meters from educational, healthcare, cultural, and sports institutions, as well as the display of tobacco products in store windows. According to entrepreneurs' forecasts, such measures will not only fail to achieve the desired
It is surely well known from personal experience that getting rid of damaged money is not so easy. Stores, markets, and public transport often refuse to accept them, and payment terminals "return" them. Indeed, when we receive a heavily worn or torn banknote as change, we usually ask to replace it with a newer one. However, worn-out money can end up in anyone's hands, especially since the number of damaged banknotes and coins has increased recently. Why is this happening, and
According to data from the Customs Service of Kyrgyzstan, in the first 7 months of 2015, the Kyrgyz Republic reduced trade with Uzbekistan by 1.8 times. According to the materials provided by the Kyrgyz customs, from January to July 2015, the volume of foreign trade turnover between the two Central Asian republics amounted to 78 million 442 thousand dollars compared to 142 million 602.6 thousand dollars for the same period in 2014, which is 64 million 160.6 thousand less.
Governor Georgy Poltavchenko met with the Mayor of Bishkek, Kubanychbek Kulmatov, at Smolny. His visit to the northern capital was timed to coincide with the opening of Bishkek Days in St. Petersburg. The meeting discussed issues of strengthening cooperation between St. Petersburg and the capital of the Kyrgyz Republic. Currently, there is an Agreement on cooperation in trade, economic, scientific, technical, and cultural fields, signed between the Bishkek City Hall and the Government of St.
The 'Green' corridor at the border with Kyrgyzstan will be eliminated, as reported by the official representative of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan, Zhambyl Suraganov. “There are seven border customs posts functioning at the border with the Kyrgyz Republic: six automotive and one railway. All automotive customs posts have 'green' and 'red' corridors. The dual corridor system at the border with Kyrgyzstan will
It is expected that the discussion will involve deputies of the Jogorku Kenesh, Russian diplomats, representatives of the government, and the Kyrgyz-Russian Development Fund. On May 19, a round table on the topic "EAEU as an opportunity for Kyrgyzstan to modernize the national economy" will be held in Bishkek. According to the moderator of the event, political scientist Igor Shestakov, one of the main tasks of the forum is to discuss specific areas of participation of the business
According to the results of the first three months of the year, Kyrgyzstan's economic growth amounted to 107%, reports RIA Novosti, citing the country's Ministry of Economy.
