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Kyrgyzstan

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.

 

13.01.2017

Last year, Kyrgyzstan was visited by two delegations of Chinese investors to discuss the issues related to transferring the 42 idle enterprises to them. Deputy Economy Minister Eldar Abakirov reported this information on January 10, during a committee meeting of the national parliament on fiscal and economic policy. “To date, the Chinese side demonstrates a stable interest in the transfer of 42 companies to them,” he stressed.

 

13.01.2017

In the past three years, the production of grain crops in Kyrgyzstan increased by 36,100 tons; the volume of potato grown in the republic surged by 84,400 tons. The yield of vegetables grew by a total of 170,600 tons, and the volume of melons increased by 84,400 tons. This information is provided in draft program for development of the republic's agriculture in the period 2017-2019. It was developed by the Ministry of Irrigation, Agriculture and Food Industry.

13.01.2017

Kyrgyzstan' largest textile factory has been put into operation. It will manufacture clothing from locally produced fabrics. The Russian-Kyrgyz Development Fund financed this almost-$200-million project, like many others. At the first stage, 10 tons of tissue will be produced by the enterprise daily; in the future, plans are afoot to bring this volume up to 40 tons. Cotton and natural dyes imported from Uzbekistan will be used as raw materials.

 

08.01.2017

On January 5, President of Kyrgyzstan Almazbek Atambayev arrived in China's capital on a working visit to meet with Chinese President Xi Jinping. According to the press service of the Kyrgyz President, the leaders of the two countries discussed the issues related to various aspects of bilateral cooperation. In addition, during the meeting they touched upon the implementation of joint projects related to various areas, as well as the prospects for further expansion of the bilateral cooperation in all areas.

 

07.01.2017

In 2016, Kyrgyzstan managed to achieve a number of successes in various fields, as evidenced by the data published by international research and analytical companies and institutions ratings. By a number of indicators, the republic managed to enter the tops of those lists. In particular, this relates to the tourism industry, where Kyrgyzstan topped the list of countries participating in the rating of the UNWTO (United Nations World Tourism Organization). According to it, a real “tourist boom” is expected in the country over the next ten years.