Aivar Baikenov, the Head of Asset Management Divisionof Kazkom Securities commented on the situation with the exchange rate of Kazakhstani tenge. “Tenge strengthening, in our opinion, is only temporary. It was caused by two factors. The first is a favorable and stable situation on the oil market, where we see, in fact, minimal fluctuations in…
Last month Tajikistan’s inflation stood at 0.6%, down by 0.8% YoY, according to the National Bank of Tajikistan. The government reportedly expects the year-end inflation for this year to stand at 7%. The year-end inflation for 2016 stood at 6.1%, down by 0.9% from the forecast. Tajik central bank notes that an average monthly inflation…
In January, despite the interventions of the National Bank, international reserves of Kyrgyzstan increased by 14 million soms. The data was presented by the National Bank of Kyrgyzstan. At the end of January the volume of reserves formed in the amount of $1,983.07 billion. At the same time, the National Bank held two interventions. It…
Loans to farmers in Kyrgyzstan in 2017 will amount to 7 billion soms, the Minister of Agriculture, Food and Land Reclamation Nurbek Murashev said. According to him, the processors will have the minimum interest rate. They will be issued loans at 6% per annum. “Loans for the development of animal husbandry and agriculture will be…
In 2016 the State Customs Service of the Kyrgyz Republic has collected 29.3 billion soms, its first deputy chairman Altynbek Torutaev said. According to him, in comparison with actual receipts of customs duties from the third countries in 2015, 8.6 billion soms more have been collected, up by 141.3%. Customs payments without fees amounted to…
The head of the state Shavkat Mirziyoev reviewed the projects on organization of production of textile products at LLC Janub textiles, Uzbek-English joint venture Amudar Tex in Termez and LLC Sherobod textile invest in Sherabad district. The demand for “Made in Uzbekistan” textile products is growing all over the world. The climatic conditions of the…
The European Union will allocate money for the development of agriculture in the regions. Kyrgyzstan requests help to providing drinking water supply, First Deputy Head of the President’s Office Sapar Isakov said. According to him, during the visit of President Almazbek Atambayev to Germany and Belgium the signing of two financial agreements is expected. EUR…