The Kyrgyz economy is expected to resume growth in 2021, but the degree of uncertainty remains high, the final statement of the staff of the International Monetary Fund following consultations with the authorities says. In case of absence of a new wave of the pandemic, the economy is projected to grow by 3.8% in 2021…
Uzbekistan is to invest $2 million into the opening of the garment factory in Kyrgyzstan, Uztekstilprom association reports. The announcement is seen as a result of negotiations between business circles of the two states that took place as part of Kyrgyz president Sadyr Japarov’s state visit in Uzbekistan on March 11. The Director of Nil-Granit,…
Results of daily monitoring of average consumer prices for basic socially significant products showed that the cost of premium grade flour on average reached 48.45 soms in the republic and grew by 13.2% YoY. The National Statistical Committee of Kyrgyzstan provided such data. The most expensive premium flour is in Osh city (61.11 soms), Nookat…
“If the issue of private investments in the mining sector of Kyrgyzstan has reached the level of heads of state and is being discussed at the highest level, I have bad news for Bishkek. You ended up in a bad way. Comfortable investors who comply with laws and environmental standards will no longer come to…
State-purchased sugar and vegetable oil will be delivered to Kyrgyzstan in April, the Ministry of Agriculture reports. The Prime Minister Ulukbek Maripov instructed to start purchasing food through the State Material Reserves Fund under the Ministry of Emergency Situations. This is done to ensure food security and stabilize prices for staple foods in the domestic…
Kyrgyzstan and Uzbekistan have agreed on mutual supplies of electricity, press service of the Ministry of Energy and Industry of Kyrgyzstan reports. The agreement was reached on mutual supplies of electrical energy in the amount of up to 750 million kilowatt-hours at a conditional price. The supply of electricity from Uzbekistan will take place from…
In January, state debt of Kyrgyzstan reached $750.6 per capita. The debt burden increased by $3.8 over the month. According to the Ministry of Finance, as of January 31, the state debt (external plus internal) of Kyrgyzstan amounted to $4,954.11 billion (420,108.67 billion soms), including $4,221.61 billion (357,992.44 billion soms) of external and $732.5 million…