Kyrgyzstan: economic growth down

Kyrgyzstan’s economic growth has decreased since the beginning of the year, Deputy Director of the Central Treasury of the Ministry of Finance Marlen Amandykov said. According to preliminary data, there was a negative GDP growth of 2.3%, which was below last year’s level by 9.1 percent. Nominal GDP amounted to 176 billion soms. The decline…

Kyrgyzstan: four large bankrupt plants sold

At least four large plants, which had been declared bankrupt, were in Kyrgyzstan. Kara-Balta Distillery State Enterprise, specializing in the production of Lux ethyl alcohol, alcohol oxide fraction, fusel alcohol, carbon dioxide, was bought by an investor from Russia, who planned to modernize the company and expand production. Kara-Balta Pilot Plant LLC was purchased by…

Kyrgyzstan: Toktogul water reservoirs up

Toktogul water reservoir has currently accumulated 15 billion cubic meters of water, which is 4 billion more than in 2015. This was announced today at a meeting of the Republican head office on preparation for the heating season. At least 133.163 million kW-h of electricity have been imported from Kazakhstan in 2016 for uninterrupted power…

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.…