GDP of Kyrgyzstan is forecast to reach 3.5% until the end of 2021, the Asian Development Outlook 2021: Financing Green and Inclusive Recovery says. Its growth may reach 5% in 2022, as restrictions associated with the coronavirus pandemic ease and economic activity recovers in the countries – main trading partners of Kyrgyzstan. The forecast may…
Uzbek Transport Minister Ilham Makhkamov has commented on the privatization of Uzbekistan Airways. He said that prior to the privatization, the government should work on increasing the attractiveness of the company for investors. “Our main goal should be selling the airline at a good price. All the aircraft purchased in until today were brought using…
Trade between Ukraine and China in 2020 increased by 20.5%, to $15.4 billion. That’s including the exports that doubled to $7.1 billion, according to the Deputy Minister of Economy, Ukraine’s Trade Representative Taras Kachka who spoke with China Ambassador Fan Xianrong. “China is Ukraine’s key trade partner in the Asian region. Over 2020, trade turnover…
The Cabinet of Ministers has decided to keep the price of electricity for household consumers at the level of UAH 1.68 per kWh, Prime Minister Denys Shmyhal said at a government meeting on April 28. “The price of electricity for the population remains at UAH 1.68 per kWh. The government extends the regime of the…
Compared to March 2020, total retail trade turnover increased by 3.2% in March 2021. Turnover of retail trade in food products grew by 2.1%. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 3.6%, but turnover of retail sale of automotive fuel – by 4.9%, according to adjusted data from…
Minister of Public Administration Jaak Aab (Center) confirmed that the government had reached a compromise on the state budget strategy discussions and the strategy would be approved on April 29. “We have agreed in principle. It is not like anyone is jumping for joy for this strategy. There are problems and we have had to…
“Too much attention has been paid to energy independence in recent years. We have spent $1 billion on this, but in the end, we live with a shortage of electricity,” honored power engineer of Kyrgyzstan Kaliy Rakhimov has said at a round-table conference. According to him, the energy system has not seen any development for…