Kyrgyzstan ranked 128th in terms of gross domestic product among 144 countries with $7.2 billion (2013 figure). This is stated in the Global Competitiveness Index 2014-2015 report prepared by the World Economic Forum.
While celebrating the day of independence of Kyrgyzstan, we often do not think about the fact that sovereignty is a legal status that becomes formal if it is not supported by economic indicators. In our global world, where countries actively trade with each other, invest money in each other's economies, exchange tourists, students, and labor migrants, it is becoming increasingly difficult to remain an independent state.
Kyrgyzstan will join the Customs Union and the Eurasian Economic Union in 2014 On Monday, a meeting took place in Sochi between the President of the Russian Federation Vladimir Putin and the President of the Kyrgyz Republic Almazbek Atambayev. Following the negotiations, the President of Kyrgyzstan announced the country's accession to the Customs Union and the Eurasian Economic Union by the end of the current year. “We have serious investment plans, especially in energy, and plans for
Kyrgyz authorities are convinced that the republic can benefit from the ban imposed by Russia on agricultural imports from the European Union and several other countries. Following Moscow's decision to prohibit the import of agricultural products from the EU and a number of Western countries, plans for a significant increase in supplies to Russia began to take shape in Bishkek. The Ministry of Economy of Kyrgyzstan reported that during negotiations with the Russian side, they managed to
Russia will allocate 500 million dollars to support the economy of Kyrgyzstan for its swift accession to the Eurasian Economic Union, stated the head of the Russian Foreign Ministry, Sergey Lavrov, following a meeting between Russian President Vladimir Putin and his Kyrgyz counterpart Almazbek Atambayev.
In the Doing Business-2014 country ranking, Kyrgyzstan took the 68th position, improving its indicators by two points compared to last year's results, surpassing countries such as Turkey and China. This is reported in the World Bank's report.
The Ministry of Agriculture and Melioration proposed to South Korea to import beans from Kyrgyzstan. This was reported by the press service of the ministry on July 30, 2014. Minister Talaybek Aidaraliev met with the director of the South Korean FIT Association, Kim Sok Dong, and businessmen. During the meeting, issues related to the export of agricultural products from Kyrgyzstan to South Korea were discussed, in particular, the businessmen showed interest in Kyrgyz beans. They reported that a
The cable car from Almaty to Issyk-Kul could pay off in five years. This was reported by the head of the ecological union of Kazakhstan "Tabigat," Mels Eleusizov.
The head of the tourism department reported on the results of domestic entrepreneurs' participation in international fairs in the tourism sector. Domestic representatives of the tourism business participated in 4 international tourism fairs. This was reported by the head of the Tourism Department, Maksat Chakiev. The exhibitions took place in Moscow, Yekaterinburg, Novosibirsk, and Almaty. According to the head of the department, domestic entrepreneurs in the tourism sector signed more
At a press conference in Bishkek on May 16, the head of the International Monetary Fund mission, Christian Beddies, stated that both the government and the IMF are aware of the existence of the shadow economy in the Kyrgyz Republic. “We believe that improving the business environment and creating equal economic conditions for all market participants will lead to a reduction in the level of the shadow economy and the withdrawal of activities from the shadows.” He expressed the opinion that this
"We, members of public supervisory councils and civil activists of Kyrgyzstan, call for a transparent and comprehensive analysis of the consequences of joining the Customs Union for all sectors of the country, including social sectors: education, healthcare, and social protection," the statement released today says. Members of the Public Supervisory Council are concerned that the government, represented by the Minister of Economy of Kyrgyzstan, Temir Sariev, has not ensured a
The government of Kyrgyzstan has approved the "road map" project for joining the Customs Union (CU). During the negotiations, an agreement was reached on certain preferences for the republic, said the Minister of Economy of the republic, Temir Sariev, on Monday.
Kyrgyzstan still remains a country that is entirely dependent on foreign influences. Despite the ongoing difficulties faced by foreigners working in the territory of the Kyrgyz Republic, they continue to believe in the promises of the official authorities regarding support and invest fabulous sums into our country. This week, the First Deputy Prime Minister of the Kyrgyz Republic, Joomart Otorbaev, met with the Ambassador of Switzerland to the Kyrgyz Republic, Rene Holenstein. The parties
In terms of trade volume with Kyrgyzstan, Kazakhstan ranks third. Kyrgyzstan trades with a total of 141 countries worldwide. Of this, 12 percent of Kyrgyzstan's total trade is with its closest neighbor. Over the past three years, this figure has tripled. Today, a conference dedicated to trade cooperation between the states took place in Bishkek.