Construction work on Bishkek – Kara-Balta road will be resumed in early March under favorable and suitable weather conditions, the Ministry of Transport and Roads of Kyrgyzstan reported. The head of the Ministry of Transport, Zhanat Beishenov, made a working trip to Chui region. He also looked at implementation of the project for reconstruction of…
Speaking about the results of 2018, the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev noted a reduction in the budget deficit, investment in the Affordable Housing program and the capitalization of Aiyl Bank. According to him, last year, the budget deficit amounted to 6.6 billion soms, or 1.2% of GDP, down by 10.7 billion soms YoY.…
Construction of an anti-avalanche gallery of about 5.8 hectares will begin in 2019 on Bishkek-Osh highway, the Ministry of Transport and Roads of Kyrgyzstan reported. According to the ministry, the gallery will appear in Chychkan gorge at the 246th kilometer of Bishkek-Osh road. The width of the road inside the gallery will be 9.5 meters,…
Bishkek-Tashkent bus route via the previously existing route was resumed before the approval of a new timetable from February 1, the Ministry of Transport and Roads reported. The Ministry of Transport of Kyrgyzstan has negotiated the issue on the transit through the territory of Kazakhstan of Bishkek-Tashkent bus with the Ministry of Infrastructure and Development…
The National Bank of Kyrgyzstan recapitalized Rosinbank and doubled its authorized capital, official website of the National Bank of the Kyrgyz Republic reported. Following the capitalization, the authorized capital of Rosinbank OJSC was increased by more than 700 million soms and brought to 1,498.7 billion soms. “The National Bank conducted financial recovery measures for Rosinbank,…
About $55 million will be spent on construction of Tyup-Kegen road in Kyrgyzstan, Renata Esembaeva, Acting Director of the World Bank Investment Projects Implementation Group, reported at a session of Onuguu-Progress faction. According to her, 50% of the amount is a grant, and the second half is a loan. “There is a project for the…
The size of non-observed (hidden and informal) economy in the sphere of production in 2017 amounted to 125.2 billion soms, or 23.6% of Kyrgyzstan’s GDP, the National Statistical Committee of Kyrgyzstan says. According to it, the decline in the share of the non-observed economy to GDP was recorded in the wholesale and retail trade and…