Kyrgyzstan: electricity consumption up in July 2017

Electricity consumption increased in Kyrgyzstan in July, the National Electric Networks of Kyrgyzstan JSC reported. According to it, the electricity consumption in the country’s power system for July amounted to 813.03 million kilowatt-hours, and the daily maximum power consumption reached 1,521 megawatts. For comparison, in July 2016, this figure was 751.96 million kilowatt-hours, the daily…

Turkmenistan: Ashgabat and Bishkek mull prospects of trade and economic co-operation

Presidents of Turkmenistan and Kyrgyzstan, Gurbanguly Berdimuhamedov and Almazbek Atambayev during a phone conversation confirmed the existence of great potential for boosting relations in a wide range of areas, including in the trade and economic sphere. The Turkmen government said in a message that the parties noted the expediency of working together to expand the…

Turkmenistan: Ashgabat and Bishkek mull prospects of trade, economic cooperation

Presidents of Turkmenistan and Kyrgyzstan, Gurbanguly Berdimuhamedov and Almazbek Atambayev, during a phone conversation confirmed the existence of great potential for enhancing relations on a wide range of areas. In this regard, the sides noted the expediency of joint work on the issues of expanding the range of mutually supplied goods and services, creating conditions…

Kyrgyzstan: alcohol excise duty to grow

The Ministry of Economy proposes to raise the excise tax on all alcohol in Kyrgyzstan by 10 soms. The ministry submitted the draft government resolution for discussion. The background statement to the document says that excise tax rates for wine stock, wine, cognac and sparkling wine remained unchanged since March 2013, beer – since June…

Kyrgyzstan: foreign investments down in 2016

Foreign investment in Kyrgyzstan fell by a half from $1,573.2 billion in 2015 to $814,000 in 2016, the National Statistics Committee reported. Manufacturing industries accounted for a third of direct investments. Also, a significant share of investments is taken by geological exploration (20.3%), financial intermediation and insurance (22%). There was less direct foreign investment from…

Kyrgyzstan: energy consumption up in June 2017

Energy consumption in Kyrgyzstan increased, the National Electric Network of the Kyrgyz Republic reported. According to the operational data of the Central Dispatching Service NENK, electricity consumption in June was 763.14 million kilowatt-hours. The daily maximum power consumption reached 1,465 MW. The peak of daily maximum consumption was fixed on June 21 – 26.79 million…

Kyrgyzstan: trade with Bashkortostan to increase

The head of Bashkortostan Rustem Khamitov spoke in favor of an increase in trade with Kyrgyzstan. According to him, the Kyrgyz and Bashkir peoples are linked by common national roots, rich history of the Turkic world, a single spiritual culture. This gives the Bashkir-Kyrgyz relations a particularly friendly, allied character. “The development of relations with…