Rosinbank will become a specialized bank, the main focus of which will be lending of infrastructure, communications and housing construction, Chairman of the National Bank Tolkunbek Abdygulov said. According to him, the authorized capital of Rosinbank OJSC will be additionally increased to 3 billion soms. This decision was made by the Board of the National…
In January-March, the alcohol industry enterprises of Kyrgyzstan produced 877,400 dals of alcohol with a plan of 633,240 dals (1 dal – 10 liters), the Ministry of Agriculture, Food Industry and Land Reclamation reported. According to it, the plan was over-fulfilled by 38.56%, or by 244,160 dals. Since the beginning of the year, 203 licenses…
In 2019, real GDP growth is expected to be around 3.7% in Kyrgyzstan, report of the National Bank says. Excluding the enterprises developing Kumtor mine, the growth will be about 3.8%. Production at Kumtor in 2019 is expected to be equal to the production level of 2018. In 2020, real GDP growth is forecast at…
At least 25 private companies sell electricity in Kyrgyzstan, the State Agency for Regulation of Fuel and Energy Complex and Subsoil Use reported. An average set tariff is 181.6 tyiyns per kilowatt-hour. On average, private companies buy electricity from Electric Stations OJSC at 101.43 tyiyns per kilowatt-hour. The tariff for non-domestic consumers is 223.54 tyiyns,…
Board of the National Bank of Kyrgyzstan has kept the discount rate at 4.5%, website of the bank says. According to it, there is a growth trend in the economy, which formed mainly in the manufacturing industry. Inflow of remittances into the country and the real wages growth continue to support the internal demand. Thus,…
The Bishkek City Council has approved budget of the capital for 2019. The draft budget of Bishkek for 2019 provides for total expenses in the amount of 8,430,022.5 billion soms. At least 807,090 million soms are provided for capital investments. These funds will be spent on the construction of social facilities, completion of the engineering…
Kyrgyzstan intensifies negotiations on China – Kyrgyzstan – Uzbekistan railway construction project, the President of Kyrgyzstan Sooronbai Jeenbekov said at a meeting with heads of diplomatic missions. Earlier, Foreign Minister Chingiz Aidarbekov said that the route of the railway as a whole was almost approved. The head of state instructed to continue work on construction…