Kyrgyzstan: investments in 2017 to go up

Kyrgyzstan expects increase in investments in 2017, Deputy Prime Minister of Kyrgyzstan Oleg Pankratov announced. According to him, countries of EEU remain the main market outlet for Kyrgyzstan. Meanwhile, the Eurasian Economic Union makes republic attractive for investors. “We have open market of 180 million people in front of us. Of course, there was no…

Kyrgyzstan: investment projects to expand

Kyrgyzstan plans to expand the range of investment projects, the Prime Minister Sooronbay Jeenbekov announced at the meeting of Coordination Council on Macroeconomic and Investment Policy. According to him, amid the economic crisis, limited resources, and reduction in the traditional markets, the country needs to take a number of measures that will help to create…

Kyrgyzstan: forgery found at coal tender

National Energy Holding confirmed forgery and participation of affiliates in the tender for the purchase of local coal. The head of the Holding Aibek Kaliev reported on the bids for the purchase of fuel during a conference call on the preparation for the heating period. According to him, tender for the purchase of Kara-Keche coal…

Kyrgyzstan: China, UAE and Europe interested in construction of Upper Naryn HPP cascade

China, UAE and European countries are interested in the construction of Kambarata-1 and Upper Naryn HPP cascade, the National Energy Holding reported. At present the power engineers are studying the received proposals to choose the most suitable investor. The President instructed the government to find investors for the construction of Upper Naryn HPP cascade after…

Kyrgyzstan: investments up in January-July 2016

Volume of investments in Kyrgyzstan has grown since the beginning of the year, the National Statistical Committee reported. The volume of investment in fixed assets in January-July amounted to more than 47 billion soms, up by 4.1% YoY. Investments funded from internal sources increased by 11.7%. External sources, on the contrary, decreased by 20.4%. Most…

Kyrgyzstan: agreement with Russia on construction of Uppernaryn cascade and Kambarata HPP-1 cancelled for good

Kyrgyzstan completely broke the agreement with Russia on the construction of Uppernaryn cascade and Kambarata HPP-1, National Energy Holding Company JSC reported. The agreement signed on September 20, 2012 expired on August 9. Currently, Kyrgyz and Russian parties are negotiating to resolve all economic issues that have arisen in the period of the agreements, including…

Kyrgyzstan: electricity consumption down

Electricity consumption in Kyrgyzstan decreased, the National Electric Network of the Kyrgyz Republic JSC reported. According to recent reports of the central dispatching service of the company, in July distribution companies consumed 555.11 million kilowatt-hours. Last year, consumption was 570,599 million kilowatts. It should be noted that according to the decision of the government on…