The State Committee for National Security of Kyrgyzstan (SCNS) checked corruption manifestations in various spheres of activity of Aiyl Bank OJSC. Information about illegal and inappropriate granting of large loans to individual companies by Aiyl Bank JSC secured by illiquid property has been confirmed. It also turned out that these companies had large indebtedness in…
Inflation in Kyrgyzstan will reach 9.8% at the end of 2021. The Eurasian Development Bank (EDB) made such a forecast. Pro-inflationary factors that appeared in mid-autumn would exert additional upward pressure on domestic prices in the Kyrgyz Republic in the remainder of 2021 and at the beginning of 2022. Higher-than-expected global growth of prices for…
At least 94,171,000 soms in taxes have been collected in Kyrgyzstan as of November 25, Chairman of the Tax Service Altynbek Abduvapov has reported at a press conference. According to him, 2,301,600 soms were collected in excess of the plan. Compared to 2020, revenues increased by 23.9 billion soms and compared to 2019 – by…
The National Bank of Kyrgyzstan intervened in the foreign exchange market for the second time in a month. It turned out to be the largest intervention since the beginning of the year. A total of $5.5 million were sold with settlements on the date of the transaction and $64.8 million – with settlements different from…
Drought caused reduction of grain harvest by 38% in the republic, but a grain shortage should not be expected, the Minister of Agriculture of Kyrgyzstan Askarbek Dzhanybekov announced at a briefing in Bishkek. “Harvest of food grains, including seeds and feed wheat, barley dropped by 38%. But this will not influence the physical volume of…
In October, the electricity consumption limit was exceeded by 530 million kilowatt-hours, or by 10.4%, the National Energy Holding reported. Non-observance of the set limits can lead to “deep depletion” of the Toktogul reservoir and the introduction of restrictions on electricity consumption in the regions. To prevent this from happening, measures have been taken to…
It is planned to adopt a state program to support and develop women’s entrepreneurship in Kyrgyzstan, Kurak women’s association reports. Kurak has been lobbying for the adoption of the document for several years. Two years ago, the Ministry of Economy, with the support of the European Bank for Reconstruction and Development, began to develop the…