According to preliminary data of Kyrgyzhydromet, the inflow in 2017 will amount to 124%. In July-August, the volume of Toktogul reservoir will reach the design mark of 19.5 billion cubic meters. According to Electric Stations JSC, it is planned to export electricity. During the heating period of 2017-2018, the Bishkek Heating and Power Plant will…
Kazakh National Wealth Fund Samruk-Kazyna plans to invest 121 billion tenges in the development of growing companies in 2017 to catalyze new industries and contribute to modernization of the economy. It is envisaged by the fund’s Development Plan for 2017-2021 approved by the Board of Directors of Samruk-Kazyna, the fund said in a message on…
The Cabinet approved the program for the development of the food and processing industry in Kyrgyzstan for 2017-2021. The relevant government decree was signed by the Prime Minister of Kyrgyzstan Sooronbay Jeenbekov. The decision was taken in pursuance of the National Strategy for Sustainable Development of the country for 2013-2017, as well as for the…
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…
Over 200 million payments at 23.8 billion soms were made through payment systems in 2016, the National Bank of Kyrgyzstan reported. It is noted that up to date, six licenses have been issued in the country for the right to conduct transactions with electronic money. At the same time, only three electronic wallets provide their…
Expected Russian inflation for the next 12 months fell to 11.2% in March from 12.9% in February, the central bank said in a report on March 30. According to the survey, 23% of respondents believe that inflation will reach the target of 4% set by the central bank for 2017, against 18% in February. “This…
Historically important, Uzbekistan’s silk sector has seen structural reforms since independence, attracting foreign investment, upgrading production techniques, and expanding production. Boasting good natural conditions, Uzbekistan has 80 million plants and 51,000 hectares of plantations, producing 26,000 tons of cocoons. The silk sector has been stunted in recent years by falling demand worldwide and outdated production…