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Kyrgyzstan

19.02.2017

In 2016, the State Tax Service of Kyrgyzstan implemented the plan for tax collection only for 93.6 percent, having transferred to the state budget KGS67.81 billion, which is KGS4.6 billion less than predicted earlier. Deputy Chairman of the Service Kubanichbek Kumash made this statement while delivering a speech at the meeting of the departmental board. According to him, this shortfall was caused mainly by the fact that some legislative acts were amended in 2016.

18.02.2017

On February 16, during a working visit of President of Kyrgyzstan Almazbek Atambayev to Belgium, a number of agreements were signed. According to them, within the next seven years, the European Union will provide the Government of the Republic with grant funds totaling EUR72 million. The amount of the first tranche will be EUR12 million, which will be used for the purpose of reforming the Kyrgyz national judicial system. In addition, EUR10 million are intended to implement a number of projects aimed at development of the agricultural sector in Jalal-Abad Province of Kyrgyzstan.

17.02.2017

The elections of the next president of Kyrgyzstan will be held on November 19, 2017, in accordance with the national legislation of the country. This became known after the meeting of President Almazbek Atambayev with Chairperson of the Central Commission for Elections and Referenda Nurjan Shayldabekovoy. According to the press service of the Kyrgyz President, the Head of the Central Election Commission informed him about the ongoing activities of her department, and the measures taken to further improve the national electoral system.

 

16.02.2017

To date, the balance of the State Property Management Fund of Kyrgyzstan totals 1,130 state-owned enterprises; however, only 2.2 percent of them are actually working. These figures were presented during a departmental meeting on the 2016 results that was held on February 14.

 

16.02.2017

In 2016, the birth rate fell to 25.9 percent in Kyrgyzstan, despite the fact that it amounted to 27.4 percent in 2015. As for mortality, it also declined during the specified period to a level of 5.4 per 1,000 inhabitants. Elena Bayalinova, a consultant of the press center of the Ministry of Health reported the figures on February 10.

15.02.2017

Kyrgyzstan intends to establish an Advisory Council for Islamic banking services, which will deal with the introduction and use of the principles of Islamic banking in the country. Head of the department of licensing and methodology of the National Bank Jyldyz Sulaymanbekova announced the news to the press, adding that a major role in promoting Islamic finance is played by the presence of a Sharia council at the national level or under the financial regulator.

 

14.02.2017

During the first months of 2017, Kyrgyzstan's gross domestic product amounted to KGS23.6 billion, which is 7.9 percent higher than during the same period of 2016. In addition, the inflation rate in the consumer sector increased by one percent during the specified period as compared to December 2016. Representatives of the National Statistics Committee reported this information on February 10, adding that the national GDP (excluding the companies engaged in development of the largest gold deposits in Kyrgyzstan, the “Kumtor”) amounted to KGS21.3 billion in January 2017.

13.02.2017

In 2016, the trade industry of Kyrgyzstan offered goods imported from 131 countries to the citizens of the republic. The products manufactured in Kyrgyzstan were available in 82 countries. This is stated in the report of the National Statistical Committee of the Republic, which also indicates that the non-CIS countries have been purchasing less Kyrgyz goods recently. Overall, the deliveries decreased by $26 million; most of this reduction accounted for the exports of aviation kerosene, non-monetary gold and cotton.

 

12.02.2017

From now on, loans for treatment and processing of agricultural products, as well as for creation of export-oriented agricultural production enterprises will be allocated in Kyrgyzstan at 6 percent per annum on favorable terms. Minister of Finance of the Republic Adylbek Kasymaliev announced the news at a meeting with journalists on February 8.

 

09.02.2017

On February 7, during a working meeting of the government of Kyrgyzstan, Prime Minister of the Republic Sooronbai Jeenbekov gave out instructions to carry out the search for investors to finance the construction and reconstruction of facilities in the framework of the State program on development of irrigation in Kyrgyzstan in 2017-2026. According to the press service of the Cabinet, the decision was taken to reduce the burden on the state budget. S.