As of June 19, the annual inflation rate fell to 6.1% after it reached the level of 8.6% in April, the National Bank of Kyrgyzstan reported. Weakening of domestic demand determines the downward dynamics of inflation in the country. The National Bank noted that the slowdown in inflation occurred mainly due to a decline in…
The Board of the National Bank of Kyrgyzstan kept the discount rate (key rate) at 5%, website of the National Bank of the Kyrgyz Republic reported. The economy of Kyrgyzstan remains exposed to changes in the global and regional economies as the COVID-19 pandemic continues. Despite some signs of economic recovery in individual countries after…
As of June 1, losses of budget of Kyrgyzstan amounted to 14.1 billion soms, the Deputy Prime Minister of the country, Erkin Asrandiev, announced. According to him, the state budget did not receive 6.4 billion soms in taxes, including the republican budget did not receive 5.5 billion soms. Shortfall in customs duties and fees is…
In 2020, GDP is expected to decline by about 4% compared to 2019 in Kyrgyzstan, report on the monetary policy of the National Bank of the country says. Excluding enterprises developing Kumtor mine, the GDP drop in 2020 is expected to reach about 5%. According to the forecast, the largest decline could be registered in…
The passenger flight Bishkek – Osh will be operated once a week, the Minister of Transport and Roads of Kyrgyzstan Zhanat Beishenov has announced at a meeting of the Republican Emergency Response Center. Domestic flights will resume from June 8. “The Ministry of Health and Manas International Airport have developed an appropriate algorithm. Stationary thermal…
As of May 15, the annual inflation rate reached 7.5% after rising to 8.6% in April, the Chairman of the National Bank of Kyrgyzstan Tolkunbek Abdygulov reported. According to forecasts of the National Bank, inflationary processes will slow down in the second half of the year. It is planned that the National Bank will work…
In March migrants transferred $144 million to Kyrgyzstan, down by 13% MoM, the National Bank reported. Compared to March 2019, the figure decreased by $51.8 million, or by 26%. Compared with the data for December 2019, the decrease will amount to $70.9 million, or 33%. In total, $457.6 million were transferred to the republic in…