Gold mining company Highland Gold, whose major shareholder is Primerod International Ltd. of the Russian billionaire Roman Abramovich and partners (32% stake), has invited Chinese investors to develop its deposits at Unkurtash in Kyrgyzstan. Statement of willingness to work with the Chinese investors was made at an industry conference in Beijing, the representative of Highland…
Kyrgyzstan has received 5.9 billion soms in the form of tax duties from the EEU countries, Deputy Director of the Central Treasury of the Ministry of Finance Marlen Amandykov said. According to him, the republican budget received 5.1 billion soms from Russia, 345 million soms from Kazakhstan, 311 million soms from Belarus, and 40.9 million…
Kyrgyzstan’s economic growth has decreased since the beginning of the year, Deputy Director of the Central Treasury of the Ministry of Finance Marlen Amandykov said. According to preliminary data, there was a negative GDP growth of 2.3%, which was below last year’s level by 9.1 percent. Nominal GDP amounted to 176 billion soms. The decline…
Carriers complain of permits issued to drivers from China and Turkey, but not from Kyrgyzstan. They stated it at a meeting with representatives of the Ministry of Transport and Roads. According to the press service, the heads of associations are interested in transportation of goods to China and Turkey. Foreign countries’ trucks give the domestic…
At least four large plants, which had been declared bankrupt, were in Kyrgyzstan. Kara-Balta Distillery State Enterprise, specializing in the production of Lux ethyl alcohol, alcohol oxide fraction, fusel alcohol, carbon dioxide, was bought by an investor from Russia, who planned to modernize the company and expand production. Kara-Balta Pilot Plant LLC was purchased by…
Court of Canada has lifted freezing of all shares of Kyrgyzaltyn JSC in Centerra Gold Inc. The shares were frozen as part of proceedings on recognition and enforcement of arbitral decisions against the Kyrgyz Republic at the expense of Kyrgyzaltyn assets. However, the Supreme Court of Ontario (Canada), having considered the petition of Kyrgyzaltyn JSC…
The Government of Kyrgyzstan has approved the Concept of development of the jewelry industry of the Kyrgyz Republic until 2018. There are currently about 255 gold deposits in Kyrgyzstan, total reserves of which amount to 2,149 tones. The main part of gold is mined at Kumtor mine, gold production of which is ranked the 3rd…