Kyrgyzstan: Kochkor-Ata Mayor’s Office to spend over 14 million soms on road repair

Kochkor-Ata Mayor’s Office intends to spend over 14 million soms on repair of three roads.

Mayor’s Office budget will provide 1, 756.8 million for the widening of Pioneer Street. Reconstruction of Pioneer and Sadovaya Streets will cost 12,353.4 million soms. (24.kg/Business World Magazine)

Kyrgyzstan: basic foods price up

Basic foods grew in price in Kyrgyzstan, the Ministry of Economy reported. Bread has risen in price by 0.19 soms (1.05%), rice – by 1.77 soms (2.33%), beef – by 0.92 soms (0.33%), sugar – by 1.54 som (2.94%), vegetable oil – by 0.19 soms (0.21%), potatoes – by 4.93 som (34.71%), beans – by…

Kyrgyzstan: Supreme Court of Ontario not satisfying lawsuits for recovery of shares of KyrgyzAltyn in Centerra

Supreme Court of Ontario (Canada) didn’t satisfy the four lawsuits for the recovery of the shares of KyrgyzAltyn JSC in Centerra Gold Company, the press-service of JSC reported. According to it, the Ontario Superior Court heard the case on the combined statements of claim of the Turkish Sistem Muhendislik Insaat Sanayi ve Ticaret Anonim Sirketi,…

Kyrgyzstan: GDP down in H1 2016

Kyrgyzstan’s GDP fell by 2.3% in the first half of 2016, Deputy Chairman of the National Statistics Committee of KR Lyuksina Tekeeva reported today at a press conference. According to her, since the beginning of the year, GDP amounted to slightly more than 176 billion soms. It decreased compared to 2015, although the drop is…

Kyrgyzstan: issue of electricity supply from Tajikistan in summer rising again

Kyrgyzstan is again considering the issue of electricity supply from Tajikistan in summer, the department of information support of the government reported. The deputy prime minister Oleg Pankratov held a meeting on preparations for the autumn-winter of 2016/2017 and discussed the accumulation of water in the Toktogul reservoir. He instructed the National Energy holding of…

Kyrgyzstan: 680 million soms allocated for financing construction of Balykchy – Korumdu road

At least 680 million soms have been allocated for financing construction of Balykchy – Korumdu road, the Ministry of finance reported. These funds are provided from the republican budget under the article “Capital expenditures”. According to the list of construction projects, in 2015 the reconstruction of Balykchy – Korumdu road received additional 180 million soms.…