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Kyrgyzstan

21.01.2017

On January 19, Prime Minister of Kyrgyzstan Sooronbai Jeenbekov held a regular meeting of the government, which aimed to discuss the challenges and plans within the framework of further integration in the EEU (Eurasian Economic Union). According to the press service of the Kyrgyz government, the head of the Cabinet of Ministers gave instructions to the state authorities regarding further deepening of Kyrgyzstan's integration in the Eurasian Economic Union.

19.01.2017

The oil refinery “Junda” located in the Kyrgyz town of Kara-Balta will now receive oil from Russia custom-free. The delivered raw material shall be used for production of combustive and lubricating materials intended for the domestic market of the Kyrgyz Republic. Deputy Prime Minister Oleg Pankratov made this statement during the recent meeting of the Committee on Fiscal and Economic Policy of the National Parliament.

 

18.01.2017

A cargo “Boeing 747” crashed on a flight from Hong Kong to Bishkek. It happened near the international airport “Manas,” which is located in the vicinity of the Kyrgyz capital. Head of the Crisis Center under the Ministry of Emergency Situations of the Republic of Kyrgyzstan Mohamed Svarov announced the news to the media on the morning of January 16. According to him, this occurred when the aircraft was coming in for landing, due to bad weather conditions.

 

16.01.2017

The Government of Japan has provided funding in the amount of $500,000 to the UN World Food Program for implementation of projects aimed at development of women's entrepreneurship in rural areas of Kyrgyzstan. The Program's coordinator for public relations in Kyrgyzstan Elizabeth Zalkind announced the news to the media.

 

16.01.2017

Last year, the volume of industrial production increased by 4.9 percent in Kyrgyzstan, amounting to KGS205.26 billion in value terms. Head of the industrial statistics branch of the Real Sector Statistics Department Ainura Nurbayeva reported this information during the press conference held on January 13. According to her, the analysis of the production dynamics over the past year proved there was a certain growth in the industrial indicators. In January-March, the gap between the current figures and the 2015 indicators was 27.7 percent.

16.01.2017

The size of Kyrgyzstan's public debt has reached the level of $4.075 billion. As reported by the Ministry of Finance, today's foreign debt amounts to almost $3.77 billion, and the domestic debt is a little less than $310 million. According to representatives of the Ministry, the country services its public debt in strict accordance with the established timetable.

 

15.01.2017

In January 2017, all secondary schools of Kyrgyzstan are to introduce the five-day school week. As reported by the press service of the Ministry of Education and Science of the Republic, the corresponding order was signed on January 13. The ministry also informs that the process of switching to the five-day school week will depend directly on the academic load the students have per week.

 

15.01.2017

During the first ten months of 2016, the volume of Kyrgyzstan's trade with other members of the Eurasian Economic Union (EEU) decreased by 18.6 percent. As reported by the National Statistical Committee of the Republic, the volume of export and import operations with other EEU countries amounted to $1.58 billion in monetary terms, or 81.4 percent as compared to the same period of 2015. During this period, the Kyrgyz Republic delivered various products to the EEU countries totaling $284 million, and imported products worth $1.29 billion.

 

14.01.2017

Deputies of the Kyrgyz Parliament considered the third (final) reading of the new draft law that provides for introduction of criminal responsibility for bribery of voters during referendums and elections. On December 12, the press service of the supreme legislative body of the country reported the news. The document also proposes tougher administrative penalties for interfering with the electoral process. For example, for the bribery of voters, the offender can be fined KGS100,000 to KGS300,000 thousand, or sentenced to three to five years in prison.

 

14.01.2017

The National Bank of Kyrgyzstan has performed this year's first intervention in the foreign exchange market, selling several batches of US dollars. The regulator took this step on January 10. The total amount of assets sold amounted to $11.85 million, as reported on the official website of the bank. $10.5 million were sold on the date of the transaction, and $1.3 million on other dates. This intervention was aimed at curbing the US dollar against the KGS and satisfying the increased demand for foreign currency.