As of December 31, 2016 the size of the national debt of Kyrgyzstan amounted to $4,105 billion, the Minister of Finance Adylbek Kasymaliev declared. According to him, the domestic public debt amounted to $322.7 million and the external – $3,782.74 billion. “The size of the external debt to GDP amounted to 57.2%. By law, the…
In 2016 Kyrgyzstan produced fewer clothes, but most of the metal ore. This was stated at a meeting of the board of the State Committee for Industry, Energy and Subsoil Use. According to its deputy chairman Kuban Myrzakanov, over the past year the industry produced goods at 205,265.6 billion soms, and without companies developing the…
Projects on improvement of water supply worth $110.4 million are implemented in 22 towns of Kyrgyzstan, the Director of the Department of Drinking Water Supply and Disposal Development under the State Agency for Architecture, Construction and Housing Askarbek Toktoshev said at cabinet meeting. According to him, 65% of the total amount of funds raised is…
The government of Tajikistan has initiated the formation of the reserve fund in the national budget for extraordinary expenses. The so-called “safety cushion” will be created from the resources of state-owned enterprises (SOE) with an allowance for potential risk from them. The strategy of managing fiscal risks from state-owned enterprises designed for the period until…
The total volume of investments of Uzbek insurers amounted to 867.547 billion soums in 2016, up by 19.3% YoY, the country’s Finance Ministry reported. According to the ministry, a major part of the investments (86.3%) accounted for banking deposits and securities. The amount of deposits increased by 15.7%, to 390.1 billion soums, investments in securities…
Kazakh Ambassador to Tajikistan Nurlan Seitimov has invited Tajik investors to participate in privatization of Kazakhstan’s state assets. A source at the Kazakh Embassy in Dushanbe says this issue has been discussed at a meeting of Seitimov with Fayziddin Qahhorzoda, the head of the State Committee on Investment and State-owned Property Management of Tajikistan (GosKomInvest).…
Ashgabat hosted a meeting with Bangladesh’s Extraordinary and Plenipotentiary Ambassador to Turkmenistan (with a residence in Tehran) Majibur Rahman Bhuiyan, the Turkmen Foreign Ministry said. The parties noted their interest in development of cooperation in the areas of electricity, transportation and petrochemical sphere. It was also noted that the two countries had opportunities to intensify…