The budget expenditures of Kyrgyzstan in May amounted to 10,97.5 billion soms. Such data was presented by the Ministry of Finance. 2,409 billion soms were allocated for state employees, for the payment of social security benefits – 1,452, 522.5 billion. Social assistance to the population was provided at 632,515.3 million soms. Expenditures under the item…
The economy of Kyrgyzstan experienced a shock after joining the EEU, the Economist of the World Bank office in Kyrgyzstan Bakyt Dubashov said on June 2 at a press conference. According to the results of 2016, macroeconomic growth was noted at the expense of Kumtor, but even without gold mining, there is an increase of…
The repair of the hydropower plants in Kyrgyzstan is dragged on due to the disagreements among the tender participants. Electric Stations OJSC reported. The company said that a tender for a total cost of 43.5 million soms was announced for the repair of equipment at Toktogul, Shamaldysay, Uch-Kurgan, At-Bashi HPPs. Applications were submitted by three…
Residents of border areas of Tajikistan and Kyrgyzstan believe that cross-border trade can promote providing stability and developing confidence-building measures as well as help solve economic problems facing residents of border areas. A meeting to discuss development of a cross-border trade between the Bobojonghafourov district in Tajikistan’s Sughd province and the Leilek district in Kyrgyzstan’s…
In six years, the trade turnover between Kyrgyzstan and the United Arab Emirates amounted to $520.7 million, the Minister of Economy of the Kyrgyz Republic Arzybek Kozhoshev announced on May 24 at the Kyrgyz-Arab business forum. According to him, Kyrgyzstan attaches special importance to the development of relations with the UAE. Bilateral relations are on…
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…
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…