The National Bank of Kyrgyzstan entered the foreign exchange market for the first time in December with intervention. It sold $10.5 million with settlements on the date of the transaction and $60.8 million – with settlements different from the transaction rate. This is the largest sale of US dollars since the beginning of 2021. Since…
Members of the Committee on Economic and Fiscal Policy of Kyrgyzstan approved the new Tax Code in the third reading. The head of the committee Salaydin Aidarov noted that the document was adopted taking into account editing corrections. Proposals of the members received after the deadline were not taken into account. Parliamentary members also supported…
Electricity rate for low-income citizens (families) has been reduced in Kyrgyzstan. The President Sadyr Japarov signed the corresponding decree. Earlier, at a meeting of the Security Council, the head of state instructed to work out a mechanism to reduce the electricity rate for this category of citizens. The purpose of the decree is targeted social…
Kyrgyzstan will not receive a previously planned $100-million loan from the Eurasian Fund for Stabilization and Development (EFSD). Its head Andrey Shirokov told journalists about it. According to him, Kyrgyzstan had problems with the budget last year during the coronavirus pandemic. Therefore, the republic applied to EFSD for a loan of $100 million. The treaty…
Investment enterprises have been idle for a month due to the lack of electricity, MP Aliyarbek Abzhaliev has told a meeting of the Parliament of Kyrgyzstan. He invited the Cabinet of Ministers to make a clear decision on the provision with electricity. “We are looking for investors. At the same time, we cannot provide the…
State regulation of sugar prices could be reintroduced in Kyrgyzstan. The draft resolution of the Cabinet of Ministers was submitted for public discussion by the Ministry of Economy and Commerce. The resolution was prepared to ensure the accessibility of sugar to consumers of the republic in the context of the current epidemiological situation in the…
Poverty level, calculated based on consumer spending, reached 25.3% in Kyrgyzstan in 2020, up by 5.2% YoY, according to the study conducted by the National Statistical Committee. The 2019 poverty line was used as a threshold to assess the level of poverty. The cost value of the general poverty line in 2020 was 35,268 soms…