Kyrgyzstan: state debt up in Q1 2017

The state debt of Kyrgyzstan grew by $95 million in the first quarter of 2017 and updated the historical maximum, the Ministry of Finance of the Kyrgyz Republic reported. Of March 31, its size was $4,160 billion, or 285,461,89 billion soms. The external debt formed in the amount of $3,803.97 billion (260,978,59 billion soms), and…

Kyrgyzstan: 14 small HPPs to be built

The State Committee for Industry, Energy and Subsoil Use of the Kyrgyz Republic announced a tender for the right to build small hydro power plants. Legal entities of Kyrgyzstan, as well as foreign legal entities can participate in the tender. In case a foreign legal entity is chosen the winner of the tender (prior to…

Kyrgyzstan: road construction difficult

It is difficult to build roads in Kyrgyzstan, so aviation is needed, the Minister of Transport and Roads Zhamshitbek Kalilov said. According to him, the ICAO leadership for the first time pays an official visit to Kyrgyzstan. “We understand that it is extremely important for a mountainous country to pay attention to air traffic. This…

Kyrgyzstan: completion of Tamchi-Cholpon-Ata road construction requires 726.9 million soms

At least 726.9 million soms are needed to complete the construction of Tamchi-Cholpon-Ata road, the Ministry of Transport and Roads of the Kyrgyz Republic reported. 212 million soms are provided for the reconstruction of Balykchy-Tamchi-Cholpon-Ata-Korumdu road according to a list of facilities and construction projects financed from the republican budget and approved on February 15.…

Latvia: Transport Ministry invites Kyrgyzstan to use advantages of special economic zones

On April 12, a meeting of the joint Latvian-Kyrgyzstan transport work group was held in Transport Ministry. At the end of the meeting, the two sides signed an agreement for closer cooperation between the two countries in transport, transit, logistics and aviation. During the meeting, the two sides presented development trends, planned projects, and discussed…

Kyrgyzstan: microcredit volume down in 2016

Microcredit volume in Kyrgyzstan decreased by 5 billion soms in 2016, the National Statistical Committee of the Kyrgyz Republic reported. Last year various microcredit organizations issued loans of 13.3 billion soms. In 2015, this figure was 27.4% more and amounted to 18.3 billion soms. The volume of microcredits in four regions of the country decreased…

Kyrgyzstan: new categories of taxpayers to be created

The State Tax Service of Kyrgyzstan is preparing anti-corruption amendments to tax legislation, suggesting new categories of taxpayers, the press service of the department reported. As noted, it is planned to introduce new categories – “individual labor activity” and “individual entrepreneurial activity.” This will eliminate the risk of applying corruption measures to them. To reduce…

Kyrgyzstan: construction of 2 pedestrian overpasses in Bishkek estimated at 37 million soms

Construction of two pedestrian overpasses in Bishkek was estimated at 37,99.5 million soms, State procurement portal reported. Pedestrian overpasses are planned to be built on Shabdan Baatyr (nearby Madina market) and Kurmanjan Datka Streets (Alamedin complex). Funds for construction are allocated from the city budget. Each of the overpasses will cost more than 18 million.…