Kyrgyzstan: state debt down in March 2019

In March state debt of Kyrgyzstan amounted to $695.65 per capita. Over the month, the debt burden has decreased by $4.95. According to the Ministry of Finance, as of March 31, the total amount of state debt (external + internal) in Kyrgyzstan was $4,452.22 billion (310,986.13 billion soms), including $3,792.46 billion (264,901.53 billion soms) –…

Kyrgyzstan: Rosinbank to specialize in lending

Rosinbank will become a specialized bank, the main focus of which will be lending of infrastructure, communications and housing construction, Chairman of the National Bank Tolkunbek Abdygulov said. According to him, the authorized capital of Rosinbank OJSC will be additionally increased to 3 billion soms. This decision was made by the Board of the National…

Kyrgyzstan: gold lifts economy in February 2019

Economic results of Kyrgyzstan’s development have been encouraging for the second month in a row. GDP is growing, as is the industry. But the prices, on the contrary, fell slightly. According to the National Statistical Committee of Kyrgyzstan, in January-February, Kyrgyzstan’s GDP amounted to 63,09.3 billion soms, up by 4.9% YoY. In February, the economic…

Kyrgyzstan: Russia wants to participate in creation of China-Uzbekistan railway

Russia is interested in participating in the construction of the China-Kyrgyzstan-Uzbekistan railway. Deputy Prime Minister of Kyrgyzstan Zhenish Razakov made the statement during a meeting of the Russian-Kyrgyz intergovernmental commission for trade, economic, scientific, technical and humanitarian cooperation. Deputy PM stressed that Russia’s participation in the project was being considered at the suggestion of the…

Kyrgyzstan: construction of 1 kilometer of Bishkek – Kara-Balta road costs $1.6 million

Construction of one kilometer of Bishkek – Kara-Balta road costs $ 1.6 million, Head of the Projects Implementation Department of the Islamic Development Bank Erkinbek Osoev announced at the meeting of the parliamentary committee on transport, communications, architecture and construction. MP Tynchtykbek Konushbayev was indignant that the construction of roads was delayed. According to him,…

Kyrgyzstan: Bishkek-Tashkent bus route resumed

Bishkek-Tashkent bus route via the previously existing route was resumed before the approval of a new timetable from February 1, the Ministry of Transport and Roads reported. The Ministry of Transport of Kyrgyzstan has negotiated the issue on the transit through the territory of Kazakhstan of Bishkek-Tashkent bus with the Ministry of Infrastructure and Development…

Kyrgyzstan: Rosinbank authorized capital doubled

The National Bank of Kyrgyzstan recapitalized Rosinbank and doubled its authorized capital, official website of the National Bank of the Kyrgyz Republic reported. Following the capitalization, the authorized capital of Rosinbank OJSC was increased by more than 700 million soms and brought to 1,498.7 billion soms. “The National Bank conducted financial recovery measures for Rosinbank,…