The National Bank of Kyrgyzstan has acquired 27 million more shares of Keremet Bank, increasing its share in its capital, the Kyrgyz Stock Exchange reports. The transaction took place on December 30, 2020. It became the largest in 2020, taking up a 24% share of total share placements in the year. As a result of…
Despite the negative consequences for Iran and Kyrgyzstan in 2020, many efforts have been made to ensure positive and acceptable trend in relations with Iran, the Ambassador Extraordinary and Plenipotentiary of Iran to Kyrgyzstan Saeed Kharrazi has said at his first press conference. According to him, the parties are now trying to resume direct flights…
A set of issues on implementation of joint investment projects between Kyrgyzstan and Uzbekistan will be considered until December 25. This was agreed at a meeting of the acting Prime Minister of the Kyrgyz Republic Artem Novikov with the Deputy Prime Minister – Minister of Investment and Foreign Trade of the Republic of Uzbekistan Sardor…
A new experimental Ak-Tilek village may appear in Ak-Tala district of Naryn region. A draft order of the State Agency for Architecture, Construction, Housing and Communal Services has been submitted for public discussion. As background statement says, the project provides for resettlement of residents of the existing Ak-Chiy and Zhany Tilek villages, located in seismic…
Economic decline in Kyrgyzstan is estimated at 7.5% at year-end, Alexey Kuznetsov, head of the Country Analysis Center of the Eurasian Development Bank, announced during a videoconference. According to him, the economies of Russia, Armenia, Kyrgyzstan and Tajikistan will reach the pre-crisis level only in two years. The exchange rate of som to the U.S.…
Economy of Kyrgyzstan is expected to shrink by 5.3% at year-end, the acting Prime Minister of Kyrgyzstan Artem Novikov has announced at a meeting of the parliamentary committee on economic and fiscal policy. According to him, the gross domestic product will amount to 583 billion soms. In 2021, the economy is expected to grow by…
Throughout the past week, the National Bank of Kyrgyzstan has been conducting interventions selling dollars. The National Bank sold $21.4 million on November 16. The next day, the bank again entered the foreign exchange market with an intervention of $500,000. On November 18, the National Bank of the Kyrgyz Republic sold $1.3 million. On November…