Breaking news Analytics Sat, 17 Mar 2018 11:58:21 +0600 60 Kyrgyzstan’s economic week Feb. 19-24, 2018 The fund will be replenished from the EEU. It became known that the Eurasian Development Bank (EDB) will provide the Russian-Kyrgyz Development Fund (RKDF) a $ 50 million revolving credit facility for a period of 5 years. The corresponding agreement was signed by chairmen of the EDB board Andrei Belyaninov and RKDF Erkin Asrandiyev.

The funds will be used to finance investment projects implemented by the Fund in Kyrgyzstan, as well as to finance the Foundation's targeted programs through commercial banks of the Kyrgyz Republic.

The interaction of the two international development institutions will contribute to the development and modernization of the economy of Kyrgyzstan, as well as create prerequisites for deepening the economic integration of the EDB member states.

About investments. The program of state investments for 2017 was fulfilled only by two ministries - the Ministry of Emergency Situations and the Ministry of Transport of the Kyrgyz Republic. Deputy Prime Minister Sanzhar Mukanbetov said that in the past few years there has been a tendency of non-fulfillment of the investment program by many agencies.

"In 2017, the program, which is the main part of the development budget, is implemented by 83%. The total amount of the state investments was approved in the amount of 39 billion soms. The actual execution amounted to 27.8 billion soms, that is, 71%. The amount of undeveloped funds amounted to 11.3 billion soms, which is almost 30% of the state investment budget, "he said.

Trade is growing. The growth of mutual trade in food products of the EEU countries demonstrates the deepening of the Eurasian integration. In 2017, trade in agricultural products between the EEU countries grew by 63% compared to 2010, when the Customs Union was created, and the volume of trade amounted to $ 8.2 billion. Meanwhile, the export of food products to third countries outside the EEU grew in half.

On the results of 2017, the growth of exports of agricultural goods and foodstuffs in the EEU countries was registered for $ 3.6 billion and reached a level of $ 20.6 billion compared to 2016.

Growth is more than expected. Economic growth of Kyrgyzstan in 2017 exceeded expectations. Prime Minister Sapar Isakov noted the leading position of the republic in terms of the growth rate among the countries of the EEU. He said that positive growth rates remain in all sectors of the economy.

He said that today there are big challenges for further improving the living standards of the population, creating new industries and jobs, improving the investment climate and deepening integration within the framework of the Eurasian Economic Union.

"The main goal of the government's policy for 2018 will be to preserve macroeconomic stability by maintaining positive dynamics of economic growth and increasing the competitiveness of the national economy. The priority task of the government will be the effective implementation of the Forty Steps to a New Era program for 2018-2023, which consists of three main areas - ensuring the economic well-being of the population, social welfare, safe and supportive environment, and promoting high-tech projects for digital transformation and building an open and transparent state within the framework of the Program," Isakov said.

Kyrgyzstan’s GDP. On the results of 2017, Kyrgyzstan’s economy grew by 4.5%. Economy Minister of the country Artem Novikov cited such a data aid during a government meeting, where the results of the socio-economic development of the country for 2017 was considered.

He said that economic growth in 2017 was provided by all sectors of the economy, including growth rates in agriculture 2.2%, in construction 7.1%, in services - 2.1% %.

“The main driver of growth was the industrial sector with a real growth rate of 11.8%," he said.

Prospects of the economy. In 2018, the growth of economy of Kyrgyzstan is projected at the level of 3.6%. The Prime Minister of the Kyrgyz Republic Sapar Isakov set up such an indicator at the Cabinet meeting.

"According to the approved forecast, the country's economic growth in 2018 should reach 3.6%. Taking into account the results of 2017, we must maintain stable economic growth and ensure the fulfillment of all the forecast indicators," the Prime Minister summed up.

"The main goal of the policy of the Kyrgyz Government for 2018 will be maintaining macroeconomic stability by maintaining positive dynamics of economic growth and increasing the competitiveness of the national economy," Isakov said.

Kabar News Agency

Sun, 25 Feb 2018 21:03:15 +0600
Kyrgyzstan's economic week Feb. 12-18, 2018 GDP growth. The volume of gross domestic product (GDP) in January 2018, according to preliminary estimates, amounted to more than 27 billion soms ($1 = 68.95 som) and increased by 2.3% compared to the same period of last year.

According to data of the National Statistics Committee, the growth in GDP was affected by an increase in volumes in the industries that produce goods and services.

The largest share in the structure of GDP fell on the industry providing services, which in general amounted to about 47%. The share of industry was more than 27%, agriculture - 8% and construction 3%. Without taking into account the enterprises for the development of the Kumtor field, the volume of GDP last year was 24 billion soms, an increase made 3.4%.

At the same time the growth of industrial production in Kyrgyzstan in January 2018 was increased mainly due to light industry, the National Statistics Committee said.

The share of industry in the GDP structure in January of this year made 27%.

The growth in the industry was achieved by increasing production in the textile industry: the production of clothing, footwear, leather and other leather products, as well as the production of rubber and plastic products.

Investments also increase. The volume of investments in fixed assets in January 2018 amounted to 2.8 billion soms ($1 = 68.95 som) and increased by 1.5% compared to January 2017.

The volume of financing from internal sources increased by 7.7%, while external ones, by contrast, decreased by 8.3%.

The bulk of investment was directed to the construction of facilities on extraction of minerals, processing industries, transport activities, health and housing construction.

Foreign trade turnover increase. The volume of foreign trade turnover of Kyrgyzstan according to the preliminary results of 2017 exceeded $ 6 billion and increased by 12.5%.

The export of goods from Kyrgyzstan increased by 13.8%, and imports - by 12%.

The growth in exports in January 2018 is provided by increased supplies of polished glass, butter, dried fruits, ores and concentrates, as well as precious metals.

The increase in import, according to his data, is ensured by an increase in imports of synthetic fabrics, tableware and cookware, confectionery, vehicles, communications equipment, medicines, petroleum products, chocolate and other products.

The volume of mutual trade with the member states of the Eurasian Economic Union (EEU) in January 2018 amounted to $ 2 billion 418 million and compared to January 2017 and December 2016 increased by 16.6%. At the same time, exports of goods increased by 27%, imports by 13.8%.

The greatest share of the republic's mutual trade with the member states of the EEU belongs to Russia - 59.7% and Kazakhstan 36.5%.

Livestock of animals. there are 1 million 575 thousand head of cattle in Kyrgyzstan, which is 3.1% more than in 2016, and the number of poultry is 6 million, which is 4.2% higher than in the previous year. However, the National Statists Committee of the Kyrgyz Republic reported that despite this rate of growth in livestock, the indicators of the 1990s are not yet achieved in Kyrgyzstan. Then the number of domestic animals exceeded the current figures by more than 2 times.

At the same time, the number of donkeys in Kyrgyzstan decreases every year. Their number annually decreases by about 10 thousand heads. If in 2015 there were more than 53 thousand donkeys in the republic, in 2016 there were 43 thousand heads, and in 2017 even less - only 33 thousand heads. According to the National Statistical Committee of the Kyrgyz Republic, donkeys are slaughtered for sale of their skin.

This week it became known that the identification of animals in Kyrgyzstan is completed by 90%. Deputy Prime Minister Dair Kenekeyev informed about this at the session of the Jogorku Kenesh.

He said that in addition to tags for all animals, it is necessary to launch a system of traceability, that is, to track the movement of animals throughout the country. Kenekeyev explained that for the introduction of this system, two people went to France for training. Then they will bring to Kyrgyzstan codes from the system, after which the local company will monitor the movement of livestock.

Markets will not be closed. There are no significant risks of closing Dordoi and Kara-Suu markets in near future. The Ministry of Economy said that the opening of Khorgos market in Kazakhstan is not a big risk for the closure of domestic large markets.

"We discussed this situation with representatives of major markets. They have their own strategy and vision. Those initiatives on fiscalization of tax payments made on behalf of the Prime Minister are discussed with entrepreneurs. They have their own vision of how to further increase their work," Minster of Economy of Kyrgyzstan Artem Novikov said.

At that the Ministry of Economy is actively working with the leadership of the markets and is providing all necessary support.

Taxes-taxes. The State Tax Service collected 6 billion and 70.5 million soms of taxes and payments in Jan. 2018. The plan was fulfilled by 102.4% or exceeded by 142.1 million soms.

Compared to the same period of 2017, tax revenue increased by 383.9 million soms or 6.8%, excluding revenues from Kumtor, which composes 542.9 million soms or 12%.

Exchange rate intervention. On February 14, the National Bank of Kyrgyzstan conducted one more intervention. The National Bank was forced to buy currency. The main regulator of the country's currency market was forced to react to the depreciation of the dollar. The National Bank bought out $ 5.5 million in one day.

This is the third intervention by the National Bank in 2018.

Meat supply to Iran. Kyrgyzstan resumed deliveries of meat to Iran. Chairman of the association of domestic producers Bakyt Degenbaev said that processors from Kyrgyzstan supplied 56 tons out of 500 tons of the first contract. An agreement was reached to supply a mutton.

"In 2010, we already covered 30% of Iran's needs for lamb. But then we had a number of reasons, such as the lack of our own halal standard, modern slaughter shops, industrial refrigerators, which prevented us from supplying mutton to this country," Degenbaev explained.

He said that after resolution of these issues, the volume of halal meat supply to Iran will be increased.

Kabar News Agency

Sun, 18 Feb 2018 13:20:08 +0600
Kyrgyzstan's economic week Feb. 5 – 10, 2018 Go ahead to freedom. Kyrgyzstan improved its position in the Economic Freedom Index - 2018 released by the Heritage Foundation. Kyrgyzstan ranked 78th moving from 89th.

Among the neighboring countries, Kazakhstan has the best indexes by ranking 41st, Tajikistan is located in the 106th line, Uzbekistan occupies 152nd position.

Kyrgyzstan's rank is ahead of such countries as Russia (107th ), Belarus (108th), Ukraine (150th) and Turkmenistan (169th).

Less for transit. At a meeting with Prime Minister of the Kyrgyz Republic, Minister of Transport and Roads of the Kyrgyz Republic Zhamshitbek Kalilov informed that in 2018 Uzbekistan had established lower coefficients at a rate of 0.80 for the carriage of all goods, and 0.70 for more than 300 thousand tons of goods from Kyrgyzstan.

Preference is given in the direction of the stations of the southern branch of the Kyrgyz railroad and for the goods in the opposite direction. This means that transit expenses will be reduced for the transportation of goods from the north of Kyrgyzstan to the south and back.

A new plant in Kara-Balta. A concentrate processing plant is planned to be built in the city of Kara-Balta, Chui oblast. Chairman of the Kyrgyzaltyn board Almaz Alimbekov told during the discussion of the situation around the Altynken gold deposit that now a feasibility study is being prepared, which will be ready by April 2018. In general, the plant is planned to be built for $ 150 million.

Decaliters. In 2017, Kyrgyzstan produced more than 4.6 million decaliters (dal) of alcohol. According to data of the Office for the regulation, control of the production and turnover of ethyl alcohol, alcoholic and alcohol-containing products under the Ministry of Agriculture of the Kyrgyz Republic, 1887 cases were registered in 2017.

1 thousand 886 licenses were issued. It is noted that in 2017, there were 42 alcohol industry enterprises operating in Kyrgyzstan, including 5 distilleries, 6 vodka plants, 13 breweries and 18 wineries.

Increasing trade turnover. The trade turnover between Kyrgyzstan and Uzbekistan in January-November 2017 amounted to $ 281.2 million. Minister of Economy of Kyrgyzstan Artem Novikov said at a meeting with Minister of Foreign Trade of Uzbekistan Jamshit Khodjaev that in comparison with the same period in 2016, the trade turnover between the countries increased to 1.6 times. At the same time export made $ 133.4 million, import - $ 147.8 million.

Uzbek Minister Khodjaev said that his country is ready to help in removing barriers in economic relations with Kyrgyzstan. "Today, major state organizations and our ministry are ready to help in case of barriers. If at my level I can decide, I will help. If the issue should be coordinated by the Cabinet, we will certainly solve the issue of removing barriers," he said.

From now on – a single permit. Kyrgyzstan, Uzbekistan and China agreed on a single sample of the permit for international road transport under the trilateral agreement between the three countries. According to Minister of Foreign Trade of Uzbekistan Jamshit Khodjaev, the Uzbek side brought these forms to Bishkek. "Each permit gives the right to make one round trip on the route "Tashkent-Andijan-Osh-Irkeshtam-Kashgar" through established checkpoints on state borders," he said.

New vacancies. During 9 months of 2017, over 14,000 jobs were created at Bishkek enterprises. First Vice Mayor of Bishkek Renat Makenov said at the board of the Mayor’s Office devoted to discussion of social and economic development of the city for 2017. According to his data, 5 thousand 78 officially registered unemployed people are registered in Bishkek.

More flies. Kyrgyz and foreign airlines transported more than 2 million 950 thousand passengers in 2017, which is 14.5% more than for the same period of last year. The Ministry of Transport and Roads of the Kyrgyz Republic reported that more than 1 million 509 thousand passengers have been transported by Kyrgyz airlines, including more than 838 thousand passengers on international flights, which is 36.6% more than in 2016. More than 671 thousand people were transported by domestic flights, which is 35.6% more than in 2016.

Foreign airlines carried more than 1 million 440 thousand passengers flying on international flights, which is 1.3% less than in 2016.

French-Swiss. Electric Stations OJSC signed a contract with GE Hydro JV (France) and GE Renewable (Switzerland) for the modernization of the Toktogul hydroelectric power plant (HPP) for $ 104 million within the framework of the II phase of the project of general hydrification of hydroelectric power plants. The project will be financed by the Asian Development Bank (ADB) and the Eurasian Development Bank (EDB). Two companies that will be engaged in the implementation of the Phase II modernization of the Toktogul HPP were hired by ADB and EDB.

In the second phase of the project ADB and EDB will finance the replacement of four units that will be able to produce about 6,000 GWh of electricity per year during 43 years.

The French company GE Hydro is obliged to commission the first unit at the hydroelectric power plant by November 2020, and intends to introduce each year one more unit, completing the reconstruction by November 2023.

The project for modernization of the Toktogul HPP is divided into three phases.

Kabar News Agency

Sat, 10 Feb 2018 22:06:19 +0600
Kyrgyzstan's economic week Jan.29 - Feb. 2 Unexpected increase. “Economic growth exceeded expectations in 2017. GDP grew by 4.5 percent, with the recovery encompassing most sectors, representatives of the International Monetary Fund told.

Demand was supported by remittances, which surged 25 percent in dollar terms, and public spending, which grew by 4 percent of GDP. Headline inflation at 3.6 percent remained below the NBKR’s target range of 5–7 percent, International Monetary Fund team led by Mr. Edward Gemayel said in the statement on the results of the visit to the Kyrgyz Republic.

In his view, “The 2017 fiscal deficit was kept close to the 3.5 percent of GDP target, despite a significant fiscal expansion in the run-up to the October presidential elections and weak tax revenue collection. The economic recovery and efforts to tighten expenditures after the elections helped limit the deficit.

Neighboring trade turnover. During the official visit of Kyrgyz President Sooronbay Jeenbekov to Tajikistan, it became clear that the sides intend to increase trade turnover between the countries. This topic was discussed by Presidents Jeenbekov and Emomali Rahmon.

At the meeting of the two heads of state it was stressed that concrete, effective measures should be taken to intensify trade and economic cooperation and create favorable conditions for increasing the volume of trade between Kyrgyzstan and Tajikistan.

Crypto currency against corruption. Prime Minister of the Kyrgyz Republic Sapar Isakov told at the forum "Digital Agenda in the Era of Globalization" in Almaty that Kyrgyzstan will use the crypto currency in the system of public procurement. Isakov said that this will reduce the level of corruption in the public procurement system.

“Taza Koom project will allow to optimize state expenditures, increase the revenue side of the budget," he said.

JV with neighbors. Minister of Economy of Kyrgyzstan Artem Novikov and Minister of Economic Development and Trade of Tajikistan Nematullo Hikmatullozoda discussed the possibility of establishing joint ventures on the territory of Kyrgyzstan and Tajikistan.

The meeting of ministers took place within the framework of the official visit of the President of Kyrgyzstan Sooronbay Jeenbekov to Tajikistan.

The ministers discussed the possibility of establishing agricultural processing enterprises in the border areas of the Batken oblast of Kyrgyzstan and the Sughd region of Tajikistan.

Kabar News Agency

Mon, 05 Feb 2018 23:54:29 +0600
Problem of clean drinking water in Kyrgyzstan Sooronbay Jeenbekov during his election campaign set a task to ensure all the regions of Kyrgyzstan with clean drinking water, so that water would be in every house, even in the most remote village. After winning the election and becoming the President, Jeenbekov declared 2018 the Year of Regional Development and made it clear that providing the regions of Kyrgyzstan with drinking water should be one of the priority programs that need to be addressed as soon as possible.

While heading the government Jeenbekov resumed the implementation of the suspended Taza Suu project. "If the people honor me with confidence, and I will be elected as the president, this issue will be at the center of my attention. In the next five years, all regions of Kyrgyzstan will be provided with clean drinking water," Jeenbekov said then.

The President's concern is very clear, because actually all the regions of the country do not have access to clean drinking water. According to statistics, today less than half of the villages in Kyrgyzstan are provided with clean drinking water. The population of a number of villages lives in the 21st century as two centuries ago by ragging water with buckets. They still use water from canals for domestic needs. This problem is especially acute in the southern regions of the country - Osh, Jalal-Abad and Batken oblasts.

Meanwhile, Kyrgyzstan is one of the rich countries in terms of water resources. And it is extremely unfair that the regions of Kyrgyzstan are not provided with drinking water.

The implementation of the Taza Suu project has begun in Kyrgyzstan in the mid-1990s, then the authorities made promising statements that by a certain time all regions of the country, even the most remote ones, will have access to clean drinking water, which solves a lot of social problems. To realize this goal, international organizations have allocated multimillion-dollar loans, but several years have been passed and the project was suspended.

Much later it was revealed that the problem that prevented the previous authorities from implementing the Taza Suu project was the misuse of budget funds and corruption. And after many years of political change, the former authorities again set up to implement the Taza Suu project, because of frank indignation of the inhabitants of the regions. The Government headed by Jeenbekov started negotiations with donors and seek for funds. Relying on its own resources, then the government began to restore and modernize the water supply networks, wells, and build new ones.

For these purposes, the Strategy for the Development of Drinking Water Supply and Sanitation Systems in the Settlements of the Kyrgyz Republic until 2026 was developed and adopted. During this time, it is planned to rehabilitate the water supply systems throughout the country, to build new ones. The work on rehabilitation and modernization of water supply networks in 595 villages has already begun. To provide the population with clean drinking water 100 million soms ( USD 1 – KGS 68,47) were allocated from the republican budget in 2016, and in 2017 this amount was doubled.

In addition, in the Taza Suu project headed by Jeenbekov in order to prevent corrupt schemes, it was possible to change the whole system of work of this project and introduce mechanisms that ensure transparency in funding and further operation of water supply systems.

The implementation of the Taza Suu project requires 30 billion soms. The previous Cabinet have already signed contracts worth 22 billion soms.

To date, Kyrgyzstan has been cooperating with the European Bank for Reconstruction and Development in clean drinking water supply, which finances the work on development of water and sewerage networks in small towns in Osh oblast, such as Karasuu, Nookat, Uzgen. Over EUR 36 million are allocated for the construction of 11 facilities.

In addition, at the beginning of the year the Agreement on the Integrated Development of Rural Areas was signed with the European Union, which provides for the allocation of the first EUR10 million for Jalal-Abad oblast. One of the main components of cooperation is the implementation of the project on access to clean drinking water. In general, the program signed with the EU is designed for seven years and provides for the allocation of EUR 72 million to support seven oblasts of Kyrgyzstan.

In 2018, the Kyrgyz Government intends to provide 150 villages with drinking water. "In 650 settlements there are problems with water supply, in 2018 it is planned to supply drinking water in 150 villages, Deputy Prime Minister Daiyr Kenekeev said at a session of the Jogorku Kenesh.

In 2018, the Kyrgyz Government intends to provide 150 villages with drinking water. "In 650 settlements there are problems with water supply, in 2018 it is planned to supply drinking water in 150 villages, Deputy Prime Minister Daiyr Kenekeyev said at a session of the Jogorku Kenesh.

Kenekeyev said that projects to provide the population with drinking water are financed not only by international financial institutions, but also by the government. Last year, 250 million soms were allocated from the budget for this purpose, this year another 250 million soms are envisaged.

Meanwhile, environmentalist engineer Marat Musuraliyev considers it necessary to take into account water consumption, that is, supply consumers with meters and more strictly control over the quality of the consumed water.

"Yes, the problem of drinking water in the regions is acute. Residents of the regions do not have access to drinking water. In addition, we have always had problems with providing drinking water to the regions. We all remember how in previous years they simply plundered the funds allocated for the implementation of the Taza Suu project. At the same time, the question arose whether people who had been involved in these matters received what they deserved. There is also a question concerning the funds themselves, since it is not entirely clear. If it’s a credit, this is not good, but if the money was found by attracting donors, it certainly damaged the reputation of the country," he said.

The expert also strongly emphasize the need to control water consumption and use. Existing tariffs for drinking water, according to the ecologist, may not be fully recoverable. "There must be a record of water and all consumers should be equipped with a meter and then there will be control over the water flow and clear figures for payments. That is, how much the consumer used water, so much and must pay. There are cases when lawn are watered with pure drinking water. But, of course, the tariffs should be appropriate, since the country is rich enough for water resources.

There are also a number of questions to the quality of water. Not all inhabitants of the country have access to artesian water due to the lack of proper wells. In some landfills where there is industrial waste from enterprises and waste from thermal power plants, water can be of completely different quality, harmful to health. Therefore, it is necessary constant monitoring of the wells. Providing drinking water to citizens is a social issue and should be solved. Every resident of the country must have access to drinking water," the expert concluded.

In response, director of the Kyrgyz Integrated Hydrogeological Expedition Bekzat Raimbekov stressed that there are indeed problems with wells, and the main one is that private traders do not register their wells, and there are a large number of wells in the regions that have not been cleaned since Soviet times. In addition, director Raimbekov said that the department itself has a number of technical problems, in particular the lack of proper equipment for conducting preventive works.

"There are more than 8 thousand wells in the republic, 4 thousand in Chui valley and the same quantity in the south. The problem is that private traders drill wells without permission and do not register them, they do not always pass an examination. In addition, the equipment we have is old. There is a technique that has been working since 1972. For today, thanks to the experience and knowledge of our specialists, we work," Raimbekov said.

Concerning the problems with water supply in the regions, the director of the Kyrgyz Integrated Hydrogeological Expedition stressed that there are a number of problems with cleaning the wells in the regions.

"In the regions, often there are not cleaned wells. At the same time, people conduct water from mines, and by the standard it is necessary to use water from wells from under the ground. If the cleaning is carried out in a timely manner, then there is no need to clean the water with bleach. In general, water should be conducted from a depth of 100 meters, depending on the terrain and features of the land. Here it would be desirable to urge the population to conduct water from a sufficient depth, since surface waters can be harmful, due to the fact that there are a lot of septic tanks and other harmful factors. The water extracted from the 15-meter depth is more used for technical purposes," the director concluded.

The special report of the Ombudsman Institute says that currently about 1 million people in Kyrgyzstan do not have access to clean drinking water. And this is in view of the fact that Kyrgyzstan is one of the richest countries in water resources of post-Soviet Central Asia.

According to data of the National Statistics Committee, there are 1,891 settlements on the territory of the country, including 1805 villages. Of these, 725 villages (38%) do not have sufficient access to a centralized water supply system, and in more than 400 (22%) villages there are no water supply networks at all, which means that the population has to take water from open sources.

Kabar News Agency

Sun, 04 Feb 2018 22:27:50 +0600
Kyrgyzstan's economic week Jan. 22-28, 2018 t is not possible without Bishkek. 70% of the state budget is formed at the expense of Bishkek, Kyrgyz presidential adviser Muratbek Shaimkulov said. 10% of the funds in the state budget of the Kyrgyz Republic comes from Chui oblast. And other regions forms no more than 20%. This is due to the fact that the policy of forming the state budget is focused on Bishkek.

Shaimkulov said that the economic indicators are different in the regions. In this regard, the flow of direct investments is different in relation to the regions. "There are direct investments in Bishkek and Chui oblast. The situation with attracting investment has improved in Jalal-Abad and Osh oblasts. In other regions the situation has not changed," he added.

State Insurance Organization paid insurance to citizens. In 2017 State Insurance Organization OJSC paid insurance to citizens of Kyrgyzstan in the amount of 6 million soms, chairman of the board of OJSC Zhumagul Egemberdieva said.

She said that, those citizens, who insured their houses, received money from insurance. She urged citizens to insure their houses, since no one is immune from sudden natural disasters and fires.

65,000 citizens have insured their houses in Kyrgyzstan, more than 50% of them live in Osh oblast.

German business. "We already have experience in holding the Day of Germany in the Kyrgyz Republic and would like to propose holding this year the Day of Germany in Bishkek, where the entrepreneurs of the two countries would participate for active cooperation," Minister of Economy of the Kyrgyz Republic Artem Novikov said at the meeting with Ambassador of Germany to the Kyrgyz Republic Monica Iversen.

Novikov said that the Ministry of Economy attaches great importance to the further strengthening and expansion of cooperation with Germany in such areas as trade, investment, business, agriculture, etc.

During the meeting, the sides discussed the current status of bilateral cooperation, the opportunities for their expansion, as well as the issues of providing comprehensive assistance in implementing the agreements reached during the recent regular Kyrgyz-German intergovernmental negotiations on financial and technical cooperation that took place on July 3-4, 2017 in Bonn.

One of the successfully completed events in recent years was the holding of the Second Day of the German Economy in Kyrgyzstan in 2017, which was organized during the visit of the Parliamentary State Secretary of the Ministry of Economic Cooperation and Development of the Federal Republic of Germany Hans-Joachim Fuchtel.

There will be no double taxation - with Estonia. This week President Sooronbay Jeenbekov signed the law "On ratification of the Agreement between the Government of the Kyrgyz Republic and the Government of the Republic of Estonia on avoiding double taxation and preventing evasion from payment of income taxes.

The agreement determines the rules for differentiating the rights of each of the contracting states on the taxation of subjects of one state that has an object of taxation in another state.

.Promotion in Japan. A seminar was held in Tokyo on promoting investments in the Kyrgyz Republic, where the keynote speaker was Esen Momunkulov, Director of the Agency for Promotion and Protection of Investments of the Kyrgyz Republic.

In his presentation, he informed the audience about the economic situation in the country, existing infrastructure projects, including in the energy sector, the National Taza Koom Digital Transformation Program, as well as about favorable conditions created for foreign investors and the advantages of investing in the economy of the Kyrgyz Republic.

Ambassador of the Kyrgyz Republic to Japan Chyngyz Aidarbekov delivered a welcoming speech at the seminar. He stressed the democratic achievements of the Kyrgyz Republic, stable state development course and high level of Kyrgyz-Japanese relations, urging Japanese businessmen to invest actively in the economy of Kyrgyzstan, following the vivid examples of Sawada Holdings and "TokyoRopeMFGCo., Ltd", which entered the country's market in 2017.

The WB in the Kyrgyz Republic. "The World Bank is one of the main partners of the Kyrgyz government in the development of the country," Deputy Minister of Economy of Kyrgyzstan Almaz Sazbakov said at a meeting with the World Bank Country Director in Bishkek Bolormaa Amgaabazar.

During the meeting Sazbakov informed that the Government of the country has started to develop a long-term development strategy until 2040.

Kabar News Agency

Sat, 03 Feb 2018 18:07:54 +0600
Kyrgyzstan’s economic week Jan. 16-21, 2018 Neighbour’s assets. This year Uzbekistan plans to open nine enterprises in several cities of Kyrgyzstan. Deputy director of the Investment Promotion and Protection Agency Shumkarbek Adilbek uulu said that as of today agreements on all projects have already been signed and their practical implementation is expected.

Two of them are related to construction of an entertainment center in Osh city and construction of a school in Bishkek. The rest of seven agreements deal with different joint ventures for large-block assembly of cars, agricultural machinery as well as buses.

All the negotiations on these projects' implementation are completed. Now to implement them from Kyrgyzstan’s side, it is necessary to create legal conditions so that cars from Uzbek manufacturers could be sold in Kyrgyzstan.

There is an interest, but no banking relations yet. To date, the volume of trade between Kyrgyzstan and the Islamic Republic of Iran makes only $ 22-23 million a year, but the parties express interest in strengthening economic relations, Ambassador of the Islamic Republic of Iran to the Kyrgyz Republic Ali Mojtaba Ruzbehani told. He said that over the past four years there has been a decline in trade between the countries, but this situation received a new impetus last year.

The Kyrgyz side abolished the procedure for obtaining a visa, which increased the flow of tourists from Iran and aroused the interest of our businessmen to visit Kyrgyzstan, the Ambassador said.

Iranian businessmen are interested in setting up joint ventures and funds in Kyrgyzstan, but the lack of banking cooperation between the two countries impedes the realization of such ideas.

The Iranian side expresses confidence that if the banking cooperation resumes, the trade turnover will also increase many times, which stimulates the arrival of businessmen from Iran.

Finance Ministry’s report to the WB. Kyrgyz Finance Minister Adylbek Kasymaliev met this week with the World Bank Vice President for Europe and Central Asia Cyril Muller and thanked for the assistance in the socio-economic development of the country. He briefed on the results of socio-economic development and the implementation of the 2017 republican budget.

Plus two tons of gold. In 2017, according to preliminary data, 2017 kg of gold was produced at the Taldybulak Levoberezhny deposit. Eldar Tadzhibaev, the chairman of the Central Committee of the Mining and Metallurgical Trade Union of Kyrgyzstan said that referring to the company's general director as saying.

The head of the enterprise noted the importance of the contribution of people in obtaining positive performance indicators, as well as the role of the trade union organization in ensuring a stable and successful operation of the company.

The collective agreement is concluded for a period of 3 years and determines the obligations of the administration and of the workers (wages, hours of work and rest, labor protection, social package, etc.).

Meanwhile, Kumtor, the largest gold mining enterprise in Kyrgyzstan, on average, annually extracts 15-17 tons of gold. In 2016, Kumtor produced 17.1 tons of gold, and in 2017 - about 15 tons. At that, Kumtor transferred about $ 110 million or 7.6 billion soms to the budget of Kyrgyzstan as tax payments.

Megacom will be sold. One of the investors of the Smart City project Aka Minerals and Mining LLC intends to buy Megacom (Alfa Telecom CJSC). Chairman of the State Property Management Fund of the Kyrgyz Republic Renat Tuleberdiev told. He has an official letter from the head of the company. "We redirected the letter to Megacom," Tuleberdiyev said.

They invited representatives of Megacom to their office, held a presentation of the company, Tuleberdiev said adding that March 2, 2018 is the deadline for the last revaluation of the company.

Less meat from China. Kyrgyzstan imposed restrictions on supply of meat from China. Kyrgyz Deputy Minister of Agriculture, Food Industry and Melioration- Erkin Choduyev said that from now on, meat from China will not be imported to Kyrgyzstan as it does not meet the requirements of the Eurasian Economic Union (EEU).

Kyrgyzstan produces 250 thousand tons of meat and 971 tons of it is exported. Despite this, meat is imported to Kyrgyzstan from Russia, Kazakhstan and Ukraine.

Choduev said that the program for the development of food industry for 2017-2021 has been developed in Kyrgyzstan, the main goal of which is the export of domestic products.

Writing off the debt. The State Duma ratified the protocol to the Agreement between the Governments of the Russian Federation and Kyrgyzstan on the settlement of the republic's debt to Russia on previously granted loans.

In 2012, Russia and Kyrgyzstan concluded an intergovernmental agreement on a phased write-off of Kyrgyzstan's debt, which at that time was $ 488.9 million. In May 2013, Russia wrote off $ 188.9 million, from 2016 to 2017 - another $ 60 million.

The protocol on the write-off of the remaining $ 240 million by the Russian side was signed during the visit of then President Almazbek Atambayev to Moscow in June 2017. On Dec. 9, 2017 President Sooronbay Jeenbekov signed the law on writing off this debt to the Russian Federation, which was passed earlier by the country's parliament.

As a result of write-offs, the amount of the external debt Kyrgyzstan will decrease by 6.5%.

The credit rating is still low. The Rating-Agentur Expert RA GmbH (RAEX) in Frankfurt has affirmed the credit rating of Kyrgyzstan at the level of "B-". According to representative of the agency Madina Mukhambekova, the rating of the sovereign government of Kyrgyzstan at the level of "B" and the rating of the credit climate at the level of "B-" continue to be restrained due to the relatively high level of public debt, the discrepancy between the target and actual values ​​of fiscal and monetary indicators, economic and institutional development of the country.

The rating "B" means that the rating object belongs to the category of borrowers with a low level of creditworthiness. Financial condition is unstable, and the ability to timely and fully meet their obligations are subject to significant dependence on the macroeconomic environment and identifiable external factors. The level of credit risk is above average.

The flow of air passengers is growing. Passenger traffic of Manas International Airport OJSC for the entire 2017 increased by 503 thousand 406 passengers and compared to 2016 amounted to 3 million 586 thousand 337 people. At the same time, domestic passenger traffic amounted to 1 million 317 thousand 775 people, international flights - 2 million 268 thousand 562 people.

In 24 hours Manas served an average of 9.9 thousand passengers, and in 2016 - 8,5 thousand passengers.

In addition, in 2017 the airport served 31 thousand 956 flights, which is to 3 thousand 327 flights more than last year.

Kabar News Agency

Mon, 22 Jan 2018 22:23:24 +0600
Representative of U.S. Department of State about relations with Central Asian countries The U.S. Embassy in Bishkek hosted telephonic press briefing with Ambassador Alice Wells, Principal Deputy Assistant Secretary of State for South and Central Asia and representatives of the leading media of Kyrgyzstan and Kazakhstan. The topic of the conference was dedicated to the upcoming visit of Kazakh President Nursultan Nazarbayev to the U.S., as well as to the cooperation of the countries of Central Asia and the United States.

In her welcoming remark, Ambassador Wells said that they looking forward to hosting President Nazarbayev next week in the United States.

“It really marks a major event in our expanding relationship between our two countries,” she said.

Ambassador Wells also said that President Nazarbayev will be meeting and having lunch with President Trump as well as having a separate meeting with the Vice-President, where Presidents will have a wide conversation on all of the issues of global affairs.

The Ambassador stressed that the strong partnership between Kazakhstan and USA have forged over the last 26 years, ranging from trade to investment, security, non-proliferation and education.

“I would just note that ever since 1991 we have strongly supported Kazakhstan’s emergence as a sovereign, independent and important regional and global power,” she said.

Principal Deputy Assistant Secretary of State added that when she was in Astana last month for Strategic Partnership Dialogue where they discussed a widening area of cooperation from Kazakhstan’s role as a global leader in nuclear non-proliferation to its support for our expanding economic and people-to-people.

She cited as an example the fact that in 2016, the American side provided grants worth about $3.3 million for U.S.-Kazakhstan educational exchange programs and cultural initiatives, English language training, and support for Kazakhstan to modernize its educational system.

Alice Wells said that she signed on Jan. 12 with the Kazakhstani Ambassador an Air Navigation Agreement that will facilitate greater official travel between the leaders of our executive and legislative branches.

“Some of the areas where we’ve seen Kazakhstan play this leadership role in the international community include hosting the Expo 2017 and convening the Central Asia Trade and Investment Framework Agreement council meeting last December; as well as in their role as the current chair of the United Nations* Security Council,” she said.

Ambassador Wells added that USA particularly appreciate Kazakhstan’s continuing support for Afghanistan’s stability.

She also added that USA sees that security partnership with Kazakhstan is playing a key role in supporting the safety and prosperity of our citizens. Wells said that they also appreciate cooperation between Justice Departments and law enforcement agencies of the two countries in countering violent extremism and preventing terrorist attacks.

“Kazakhstan also plays an important role in our new National Security Strategy that President Trump announced last month. Kazakhstan’s economic potential will help one of our key objectives of ensuring open and diverse global energy markets and promoting economic connectivity within Central Asia. As you know, U.S. investment in Kazakhstan by companies like Chevron and Exxon Mobil already totals over $25 billion, and we expect this number to substantially increase, not just in this sector but in more diversified areas,” she said stressing that it’s a honor to be hosting President Nazarbayev.

Principal Deputy Assistant Secretary of State for South and Central Asia, Ambassador Alice Wells further answered questions of journalists from leading media outlets of Kazakhstan and Kyrgyzstan.

Answering the question about whether the United States have a detailed vision of its further cooperation with Central Asian countries within the new U.S. National Security Strategy especially in light of Uzbekistan’s increasing activity on the world arena, Ambassador Alice Wells said that USA always was supporters of a strong and integrated Central Asia. “And under the South Asia Strategy we look to continue to promote the economic connectivity of the countries of Central Asia, which Uzbekistan’s recent opening allows for even more ambitious projects to take place,” she answered.

Ambassador Wells also added that with the countries of Central Asia USA has mutual strategic interests in promoting economic integration, in countering narcotics, countering terrorism, enhancing the stability of the region, and they have long believed that the future for Afghanistan is to be knit back into the region and to be a strong partner with the Central Asian countries.

"I would say another theme that has always characterized our policy towards the region is respect for and support for the sovereignty and independence and territorial integrity of all the countries of the region,” she added.

Answering the question about the cooperation within the C5+1 platform, Ambassador Wells said that USA finds this to be a very productive and constructive format.

“And while it as launched under a previous administration, it has been endorsed and embraced by the administration of President Trump,” she replied adding that Secretary Tillerson met with the C5+1 in New York, met with the Foreign Ministers and committed to holding a meeting of the C5+1 in Central Asia.

“Separately, of course, we’ve also received congressional support for this initiative with $15 million allocated for projects to reinforce this forum,” she said.

Ambassador Wells expressed satisfaction with Uzbekistan’s renewed interest in building stronger relations in the region and its efforts to resolve outstanding issues with its neighbors.

“I think we’re very pleased to see the countries of Central Asia naturally come together, given the range of interests that unite them, whether it’s energy cooperation, trade or security,” she said..

Wells said that USA as quite struck when President Ghani went to Uzbekistan and in his public remarks said Afghanistan is a Central Asian country. “So I think the next area to look at is to see what are going to be the natural cooperation that will take place between the C5 and Afghanistan,” she added.

To the questions, does she feel that the main issue of cooperation, or the main source of cooperation between the U.S. and Kazakhstan is still Kazakh oil, Ambassador Wells answered that she has never thought that the main issue of cooperation between the two countries is oil.

She said that economic relations are, of course, vitally important and they provide ballast to any political relationship. But she thinks that from the very beginning Kazakhstan has achieved a global leadership role because of its principal position on nuclear non-proliferation, the foreign policy course that it has chartered, including of course its support for regional security and support for Afghanistan.

She believes that President Nazarbayev’s leadership in developing Kazakhstan. “The programs like Bolashak which created linkages between Kazakhstan and the West. So again, I think Kazakhstan’s foreign policy and its significance on the world stage is multi-dimensional, with economics just being one but not the only foundation,” Alice Wells said.

Answering the question how does the U.S. government assess the situation with the freedom of speech in Kyrgyzstan linked to multi-million-dollar lawsuits against local journalists, Ambassador Wells said that USA believes that freedom of press is a fundamental element of any democracy, and around the world the United States supports media freedom. “Historically the Kyrgyz Republic has long been a leader in press freedoms in Central Asia, and any measures that limit press freedoms cast a shadow on that reputation. So we continue to encourage this essential institution, media, both to bring transparency as well as to assist governments as they formulate policies. That will continue to be our position,” she replied.

The Principal Deputy Assistant Secretary of State said that USA will continue conversations with Kazakhstan on how to achieve greater economic diversification which is a key goal of the Kazakhstani government answering the question what questions in the economic and trade sphere and also on energy cooperation will be discussed between the Presidents of the United States and Kazakhstan during the visit of the Kazakh President to Washington.

“From our perspective, we continue to encourage improvements in the business environment so that more foreign direct investment can be attracted to Kazakhstan,” she said.

Ambassador Wells said that American investors, when they’re making decisions about where to invest overseas, often will look at the success or failure of existing foreign companies in a country. “That’s why we place such a great importance on resolving outstanding issues related to intellectual property rights or the sanctity of contracts,” she said.

Alice Wells highlighted that American businesses have been among the world’s biggest investors in Central Asia, which is the enormous potential. She also appreciated Kazakhstan’s leadership in hosting Central Asia Trade Forum. “These annual conversations that recently also produced an initiative on intellectual property, which again, we think is going to be key to increasing investment in Kazakhstan and Central Asia,” she said.

Answering the question how important is it for the U.S. to identify a country in the region of Central Asia as the leader of the region, Ambassador Wells replied that she doesn’t think it’s the role of the United States to choose leaders.

“I think countries assume leadership. And over the last 26 years we certainly have seen the government of Kazakhstan with the guidance of President Nazarbayev playing a leadership role in many critical areas,” she added.

According to her words, USA continues to encourage that and works with all of the countries of Central Asia, a very critical region to efforts in Afghanistan as well, to step up, to seize opportunities for economic connectivity, for cooperation in security so that to bring stability to the region and help stitch Afghanistan back into the region.

“We anticipate, without a doubt, that President Nazarbayev and the Kazakhstani officials with whom we work on a daily basis will continue to see and want to forge Kazakhstan’s leadership role in all of these areas,” she said.

He asks, there is a belief that the Trump administration is not interested in Kyrgyzstan, one of the Central Asian states. On the other hand, Kyrgyzstan has closed its U.S. base and ended its cooperation agreement with Washington.

To the last question what interest does the U.S. have in Central Asia, in particular, in Kyrgyzstan, Ambassador Wells, thanking for the question said that over the past again 26 years, the United States government has invested approximately $2 billion in Kyrgyzstan to support what has really been our overarching goal, the success of the Kyrgyz Republic as a secure and prosperous and democratic state. “And we are going to continue to seek a relationship with Kyrgyzstan that’s based on trust, quality and mutual respect,” she said.

Ambassador Wells said that the two countries have differences, all countries do, but USA is committed to strengthening a long and productive partnership with the Kyrgyz Republic.

“We continue to share, I think, very core interests regarding stability, security and prosperity, and we see the Kyrgyz Republic’s future very much a part of a vibrant and successful Central Asia. So we’re committed to the relationship and we’ll look for ways under the new leadership to find opportunities to build on what has been a historic friendship. Again, I think the Kyrgyz Republic really distinguished itself in the peaceful and orderly presidential elections that took place, and we look forward to partnering with President Jeenbekov, the Ambassador Alice Wells, Principal Deputy Assistant Secretary of State for South and Central Asia concluded.

Ermek Abdrisaev

Kabar News Agency

Sun, 14 Jan 2018 13:41:04 +0600
Kyrgyzstan's economic week Jan. 6 -13, 2018 Tax Campaign. The State Tax Service of the Kyrgyz Republic launched a campaign to receive the Unified Tax Declaration for 2017.

The next tax declaration campaign, which starts annually from the beginning of the year, will be held in two stages: till 1 March - legal entities and till 1 April - individuals must report to the tax authorities on the income received for the previous year, as well as provide information on economic activities, property and land.

Services, taxes and investments. The largest share in the structure of GDP in Kyrgyzstan in 2017 is accounted for the service industry. According to data of the National Statistics Committee of the Kyrgyz Republic, the GDP in 2017 totaled 493 billion soms and increased by 4.5% compared to the same period of the last year.

The volume of investments in the fixed capital of Kyrgyzstan for 11 months of 2017 amounted to 145 billion soms, which is 6.2% more than the figures for the same period in 2016. According to data of the National Statistics Committee of the Kyrgyz Republic, there was an increase of capital investments from domestic sources of financing.

"The volume of investments in fixed assets increased by 10% (from 6.2%) due to domestic sources, and by 1.5% - due to external investments. The main volume - about 72% of investments was directed to the construction of facilities for the extraction of minerals, provision and supply of electricity, gas, steam and air conditioning, transport and construction of residential facilities," head of the National Statistics Committee A. Sultanov explained.

Trade with EEU. The volume of Kyrgyzstan’s mutual trade with member states of the Eurasian Economic Union (EEU) exceeded $ 2 million in 11 months of 2017, which is for 14.3% more than in 2016.

At that the export of goods increased by 25.7%, and the import - by 11.2%. The largest share of the county’s mutual trade with the EEU member states belong to Russia (59.4%) and Kazakhstan (36.6%).

"Kyrgyzstan increased its export goods of knitted clothes, dried fruits, butter, onions and garlic to Russia. At the same time, export of bean vegetables and incandescent lamps decreased," head of the National Statistics Committee Sultanov said.

In the import of goods from Russia, poultry meat and by-products, tires for vehicles, flour confectionery, chocolate and other food products increased. Along with this, the NSC chairman stressed that the import of pipes and profiles, paints and varnishes, as well as medicines decreased.

The cost of living in Kyrgyzstan. The cost of living in Kyrgyzstan on the results of 2017 in average made 4 thousand 979 soms and compared with last year has increased by 2.2% or 106.5 soms.

Over the period from 2010 to 2016, there was an annual increase in the minimum cost of living. There were only two exceptions in 2012 and 2016, when the minimum living wage decreased.

Thus, the minimum cost of living for working age people in average consist of 5,479 soms, for pensioners - 5 thousand 392 soms, for children under 7 years - 3,658 soms, from 7 to 14 years - 4 thousand 325 and for children from 14 to 17 years old 4 thousand 710 soms.

2018 Civil Budget. The Ministry of Finance of the Kyrgyz Republic has developed the Civil Budget of 2018 in a new expanded format to increase the transparency and availability of basic budget information.

This document is a civil version of the Law of the Kyrgyz Republic "On the republican budget of the KR for 2018 and the forecast for 2019-2020" and prepared to widely familiarize citizens with the budget and budget process.

The new Civil Budget for 2018 broadens the list of terms and concepts used in the document, describes in more detail the main normative legal acts that regulate the budgetary process, provides the structure of the budgetary system of the Kyrgyz Republic, as well as provides information on the main participants of the budget process and their main functional responsibilities.

For the first time a schedule is given for the formation of the republican budget, i.e. budget calendar with the deadline for the implementation of the main activities for the formation of budget documents.

Investments from UK. In 2017, the volume of investments in the economy of Kyrgyzstan from the UK increased by 44 times compared with 2016.

"The UK is one of the major investor-countries, and the volume of foreign direct investments from the UK for the first 9 months of 2017 amounted to more than $ 27.6 million and increased compared to the same period in 2016 by 44 times," Minister of Economy of Kyrgyzstan Novikov said at a meeting with UK Ambassador to Kyrgyzstan Robin Ord-Smith.

The UK Ambassador said that "there were positive steps in our relations last year, and our task is to increase our relations not only in the economic sphere, but also in other areas."

The diplomat added that there is potential for development of trade and investment cooperation between the countries.

Kabar News Agency

Sun, 14 Jan 2018 01:10:09 +0600
Kyrgyzstan: Political results of 2017 In 2017, Kyrgyzstan and its residents became evidences of many political events. Experts said that these events contributed to the strengthening of the state and its formation. Moreover, Kyrgyzstan managed not only to maintain, but also to strengthen political stability in the country and to become a geopolitical player in the region and in the world. Expert on international affairs, political scientist Edil Osmonbetov told Kabar News Agency about what was achieved by Kyrgyzstan in 2017 in a political sense and he also summed up the results of the ongoing year.

The political scientist said that, 2017 was the defining year for both Kyrgyzstan and the whole world. "There were many challenges and threats, but fortunately 2017 for Kyrgyzstan turned out to be successful in terms of geopolitics and all policy," he said.

The expert on international affairs is convinced that this year the country was able to pass many reefs that were very dangerous for Kyrgyzstan and its citizens.

First, Osmonbetov said, this year is characterized for Kyrgyzstan by the fact that we have changed politically.

"Firstly, this is the presidential election, in which the first peaceful transfer of power in Central Asia and the CIS space from one elected president to another elected one took place. That is, this is a unique moment, for which one can thank former President Atambayev, because he took a step that no one leader of the Central Asian region and the entire CIS did," he said.

The expert said that it was the moment of the transfer of power by peaceful means, which was a very great example for all in Central Asia and the CIS.

The political scientist also said we can criticize and express dissatisfaction, "but the fact that we did it shows that we took a big step and gave a good example and experience to all other countries of Central Asia and the CIS."

Another political outcome of the outgoing year, Osmonbetov called the fact that not only the composition of the first persons has changed in Kyrgyzstan, but the political structure and configuration of power has changed. "This is the entry into force the amendments to the Constitution on December 1, where the redistribution of powers touched the president, the government and to some extent the parliament," he said. Due to this, the expert believes, Kyrgyzstan will have an entirely new political structure that should give more powers to the government.

"And of course the new role of the president for the country. This is also a completely new phenomenon for all countries of the region," he said.

Osmonbetov considers that another outcome of the year was the election of a new government, which is called the government of "young politicians". "This also indicates a change in the political elite, through a new government. And accordingly, people pin great hopes on this new government, and as we can see already it is trying to take measures in the economy," the political scientist added.

Osmonbetov said that there is also a geopolitical outcome for the country, according to which in 2017 Kyrgyzstan became a geopolitical player of Central Asia through the Kyrgyz-Kazakh conflict.

"In this process, we proved to be more stable than the more economically developed Kazakhstan," the expert said.

Osmonbetov added that the geopolitical tandem Kyrgyzstan-Uzbekistan was created in the outgoing year and now both states will determine in which vector the development of Central Asia will go. "Before that, we were saying that Central Asia had come into the geopolitical movement, and two examples of this are the improvement of Kyrgyz-Uzbek relations and the Kyrgyz-Kazakh aggravation," the political scientist said. And now, according to his observations, Kyrgyzstan is not just a country in geopolitical terms, but a subject of Central Asia.

"And we will form a political model. And it is the Kyrgyz-Uzbek relations that will be modeled for all countries of the region," the expert said.

In addition to the above, Osmonbetov said that "Kazakhstan loses its political weight in the region." "An example of this is that for the first time there was information war against us and we participated in it and it is believed that we have won it. This is also the result for us, which says that we have political adaptability, despite less resources. And to some extent we have reduced the conflict potential in the region," the political scientist noted.

To other successes of Kyrgyzstan in 2017, an expert on international affairs added the political stability in the country, which, he said, is a very serious and huge step for the state.

Another no less important outcome of the year is the settling of the border issue with Uzbekistan. The expert is sure that this event is also the great achievement of the outgoing year, and in spite of the fact that it is still difficult to assess, but it speaks about many things.

Speaking about the events of regional scale for Kyrgyzstan, the expert said that, the resolution of the problem on the Kyrgyz-Kazakh border is also an important result for the country.

"And one of the most important outcomes of 2017 is that Kyrgyzstan has become strong as the state. The reason is that we have eliminated the attempt of external interference in our political and electoral space. Whether we want it or not, the regional power tried to do it and we avoided this attempt of external influence or control over us," he said.

From observations of the expert, in the outgoing year there was another major political event, which can also be added to the results of 2017. "Kyrgyzstan has now become a completely different country," he said. Osmonbetov explained this that we started participating in such processes, in which 26 years did not participate. "In other words, in reformatting Central Asia is some way," he said.

The expert on international affairs added the fact that, in 2017 Kyrgyzstan made to work such bureaucratic structures as the EEU, the CSTO and other structures. "That is, we raised questions and thereby tested them for effectiveness and said that there should be a structure that should benefit Kyrgyzstan and all the participants in the associations," the political scientist said and added that in the autumn of 2017 all these structures have begun to stir.

"And now the improvement of Kyrgyz-Uzbek relations has forced other countries to reconsider their policy towards Kyrgyzstan, and Kazakhstan is already doing that. And now we have become a driver in Central Asia. Plus, Russia, due to the improvement of Kyrgyz-Uzbek relations, currently is not removing the issue of the construction of hydroelectric power plants in the Kyrgyz Republic," he added.

To the achievements in international affairs in the outgoing year, the expert on international affairs added the increased attention of European countries and China to Kyrgyzstan. "Visit Moherini [High Representative of the EU] says that we are a unique country in terms of building a new political democratic model for the countries of Central Asia and the Caucasus," the political scientist believes. In his view, there is no way that the European Union, which is very far away, simply strengthens its attention to certain countries.

Concerning the noticeable improvement in relations with China in the outgoing year, the expert said that this is a demonstration that bilateral relations have great prospects and we need to get our benefits from all this.

Along with all the achievements Osmonbetov pointed to the disadvantages that were in 2017 for Kyrgyzstan. "We must restore, first, a full-fledged relationship with the US and sign an intergovernmental agreement with them," he said. The reason, he said, is that the country needs a third party. "And this is what the ex-president of Kyrgyzstan said about when he said that in 2017, in the political sense, we learned a lot," the political scientist said. According to his words, in the outgoing year we realized that the agreements on eternal friendship that we signed over the past 26 years often do not work in practice. And also that we need to shape our Kyrgyz interest in the politics and geopolitics of Central Asia and we must clearly articulate our national interests.

"This is what 2017 showed us. And in this case we will have a clear idea of ​​our place and role in the world," Osmonbetov said.

Another awareness of the results of 2017 was that Kyrgyzstan needed to diversify the economy, seek new ways of development, and so on. "And it is clear that at any time the protectionism policy will influence all this, because our political system differs sharply from the systems of other countries of Central Asia," the political scientist stressed.

Another outcome of 2017, the expert attributes the fact that Kyrgyzstan was able to use those resources that were available. "And the conflict with the neighboring state showed that we can use the information platform, as well as international platforms, like the EEU and the UN for its own good. And this shows that we are a healthy society," he said.

And the most important political outcome of the outgoing year, Edil Osmonbetov said, this is that we have reached a new geopolitical level and we have gained new experience in participating in regional problems.

"We have become the subjects of many political and geopolitical processes," concluded the expert on international affairs and political analyst.

Ermek Abdrisaev,

Kabar News Agency

Sat, 30 Dec 2017 11:05:30 +0600
How the New Year is celebrated in different countries of the world The New Year is truly an international holiday, but in different countries it is celebrated in its own way. Italians, for example, throw old irons and chairs out of the windows with all the southern passion, the inhabitants of Panama are trying to make noise as loud as possible, for which they turn on the sirens of their cars, whistle and scream. In Ecuador, special importance is attached to underwear, which brings love and money, in Bulgaria people turn off the light, because the first minutes of the New Year - this is the time of New Year's kisses. In Japan, 108 bells are sounded instead of usual 12 ones, and the best New Year's accessory is the rake - to rake in happiness.


Italian Santa Claus is Babbo Natale. Babbo Natale is a skinnier and more regal looking version of Santa Claus. They both wear red cloaks with white trim, but Santa Claus has most decidedly enjoyed more second helpings at the dinner table than Babbo Natale.

In Italy people believe that the New Year should be started, freeing itself from everything old. Therefore, on New Year's Eve it is customary to throw old things out of the windows. The Italians like this custom very much, and they fulfill it with all the passion that is characteristic of southerners: old irons, chairs and other trash fly through the window. The people believe that, new things will occupy the vacant place certainly.


In Sweden, before the New Year, the children choose the Queen of Light Lucia. She is dressed in a white dress, wearing a crown with lighted candles on her head. Lucia brings gifts to children and delicacies to pets: a cream to a cat, a sugar bone to a dog, a carrot to a donkey. On a festive night, people do not turn off the lights in houses, the streets are brightly lit.


Historian Andrei Zabolotnyi said that it is customary in England to play out performances for children for New Year on the subjects of old English fairy tales. Lord Disorder leads to a fun carnival procession, in which fabulous characters take part: Hobby Horse, March Hare, Humpty Dumpty, Punch and others. On New Year's Eve, street vendors sell toys, whistles, peepers, masks, balloons. A custom to exchange Christmas greeting cards was appeared first in England. The first Christmas card was printed in London in 1843.


The most widespread national custom is the practice of first-footing, which starts immediately after midnight. This involves being the first person to cross the threshold of a friend or neighbour and often involves the giving of symbolic gifts such as salt (less common today), coal,shortbread, whisky, and black bun (a rich fruit cake), intended to bring different kinds of luck to the householder. Food and drink (as the gifts) are then given to the guests. This may go on throughout the early hours of the morning and well into the next day (although modern days see people visiting houses well into the middle of January). The first-foot is supposed to set the luck for the rest of the year. Traditionally, tall, dark-haired men are preferred as the first-foot.

It is customary for New Year's Eve to set fire to barrels of tar and roll them along the streets, thus burning the Old Year and inviting a New Year.


The main character of the New Year carnival in Colombia is Old Year. He walks in a crowd on high stilts and tells funny stories to children. Papa Pasquale is a Colombian Santa Claus. No one knows fireworks better than him.


French Santa Claus - Per Noel - comes on New Year's Eve and leaves gifts in children's shoes. The one who gets a bob baked in the New Year's pie, gets the title of "bean king" and on a festive night all obey his orders.

Finland. Homeland of Santa Claus

The historian also told about the traditions of celebrating the New Year in Finland. "In snow-covered Finland, the main winter holiday is Christmas, which is celebrated on December 25. On Christmas night, having overcome a long road from Lapland, Santa Claus comes into the house, leaving a large basket with gifts for the children's delight. New Year is a kind of Christmas repetition. Again the whole family gathers at the festive table. On New Year's Eve Finns are trying to find out their future and are wondering, melting wax and pouring it into cold water," Zabolotnyi said.


In Germany, it is believed that Santa Claus on New Year appears on the donkey. Before going to bed, the children put a plate on the table for gifts, which Santa Claus will bring, and put hay in the shoes - a treat for his donkey.


Children's New Year's holiday in Cuba is called the Day of Kings. Kings-wizards, who bring gifts to children, are called Baltasar, Gaspar and Melchor. On the eve of the New Year the children write letters to them, in which they tell of their cherished desires. Cubans in the New Year's Eve fill with water all the dishes that are in the house, and at midnight they start pouring it out of the windows. In such a way all the inhabitants of the Island of Freedom wish the New Year a bright and clean way, like water. And while the clock beats 12 beats, people need to eat 12 grapes, and then goodness, harmony, prosperity and peace will accompany them all twelve months.


"In Hungary, in the" fateful "first second of the New Year people prefer to whistle - and using not fingers, but children's pipes, horns, whistles. It is believed that they are driving away evil spirits from houses and calling for joy and prosperity. Preparing for the holiday, Hungarians do not forget about the magical power of New Year's dishes: beans and pea keep the strength of spirit and body, apples - beauty and love, nuts can protect from harm, garlic - from illnesses, and honey - sweeten life," Zabolotniy said.


Japanese children celebrate New Year in new clothes. It is believed that this brings health and luck in the New Year. On New Year's Eve they hide under the pillow a picture depicting a sailboat on which seven fairy magicians are swimming - seven patrons of happiness. 108 rings of the bell announce the coming of the New Year in Japan. According to an old belief, each ring "kills" one of human vices. But each of the vices has 18 different shades - that's what the Japanese bell rings on them. Japanese Santa Claus is called Segatsu-san - Lord New Year.

Czech Republic and Slovakia

A cheerful little man, dressed in a shaggy fur coat, a tall mutton hat, with a box behind him, comes to Czech and Slovak children. His name is Mikulash. For those who have studied well, he will always have gifts.


Father Frost sails to Holland on the ship. Children joyfully meet him at the pier. Santa Claus loves funny jokes and surprises and often gives children marzipan fruits, toys, candy flowers.


In China, the New Year's tradition of bathing the Buddha has been preserved. On this day, all the Buddha statues in temples and monasteries are respectfully washed in clear water from mountain springs. And people pour water on them at a time when others say New Year wishes for happiness. Therefore, on this festive day, everyone walks the streets in thoroughly soaked clothes.


In Bulgaria, guests, relatives gather for the New Year at the festive table and the lights are turned off in all houses for three minutes. The time when guests stay in the darkness is called minutes of New Year's kisses, the secret of which will be kept by dark.


Historian Andrei Zabolotnyi said, "On January 1, Kyrgyzstan celebrates the national holiday - the New Year. The first public New Year party in the history of Kyrgyzstan was held in Pishpek on December 28, 1895. 200 children were invited. They were students of men's and women's schools. The funds were collected by the local intelligentsia. A merry holiday was a success, but it did not end with one party - in the evening of the same day an amateur performance was staged with charitable purposes. The considerable sum of 85 rubles for those times, which was collected, was used to help poor city students, as well as to the library-reading room that was supposed to be open."

The celebration of the New Year in Kyrgyzstan practically does not differ from a similar holiday in other republics of the former USSR. But, the New Year in Kyrgyzstan is often celebrated without snow at a temperature of plus ten. However, those who wish can go to the mountains to the ski resorts, where there is as much snow. By tradition, the country's main tree is set on the central Ala-Too square, which at this time enjoys even greater popularity among the population and tourists.

Anton Kubitsky

Kabar News Agency

Fri, 29 Dec 2017 11:56:22 +0600
Problems of mountain women to be discussed at Commission on Status of Women in UN Many issues related to mountain women will be discussed by the delegation of Utah Valley University (UVU) at the 62nd session of the United Nations Commission on the Status of Women during March 13-23, 2018. The UVU delegation will be comprised of more than 20 members, with seven of them students. It will be the third time that the UVU delegation will attend this important forum - part of the Economic and Social Council of the United Nations.

Members of UVU delegations during the meeting with Permanent Representative of Kyrgyzstan to the United Nations Ms. Mirgul Moldoisaeva on March 21, 2017

During a side event, co-sponsored by the Permanent Mission of Bosnia and Herzegovina to the UN on March 19, 2018, delegation members are scheduled to speak about major challenges faced by mountain women in many parts of the world,and how educational programs at UVU could provide solutions to many of those problems. During the presentations, delegation members will also share the results of their cooperation of many years with their partners from the International University of Kyrgyzstan (IUK). In a joint statement, the Russian Academy of Natural Sciences and Utah China Friendship Improvement Shared Hands Development and Commerce, two non-governmental organizations inconsultative status with the Economicand Social Council and UVU partners, stated in particular, that the cooperation between UVU and IUK contributes to the promotion in North America of the gender-focused activities as important part of the United Nations agenda on Sustainable Mountain Development (SMD). Their statement was already accepted and distributed as official document by the United Nations Secretariat on December 7, 2017 (See for more information at )

Participants of the first international Women of the Mountains conference during the presentation of the Kyrgyz yurt at UVU campus on March 8, 2007

Ten years ago, UVU hosted the first international Women of the Mountains conference in city of Orem, Utah at its main campus. This conference was are markable event due to a number of reasons: it was the first major initiative and contribution from UVU to the promotion of the SMD agenda after becoming a member of the Mountain Partnership in 2006, which coordinates activities of the international community in that area; IUK became a co-sponsor of the conference in order for UVU to promote projects and initiatives to raise awareness about SMD in the State of Utah and North America; the conference was a follow up to the forum on mountain women in Bhutan gathered in 2002 in a framework of the International Year of Mountains declared by the United Nations under the initiative of the Kyrgyz Republic.

I was able to participate in that important forum in March 2007, which demonstrated the urgency of the issues of both gender equality and SMD for the mountain communities in the Rocky Mountains region of North America. At that time I witnessed for myself how for the first time more than 120 participants of the conference including representatives of the UN, US State Department, Permanent Representatives of different mountainous nations to the United Nations and almost all mountain states of the Rocky Mountains region gathered together in Utah to discuss the most important issues for the livelihoods and activities of women from the mountain regions of the world.

In the 10 years since that gathering, UVU and IUK co-sponsored two more Women of the Mountains conferences in Utah, one in 2011 and the other in2015,with one conference in Peru in 2012. Today, the Women oft he Mountains conferences have become one of the leading forums in North America to advocate gender issues within the SMD agenda of the United Nations

The fourth International Women of the Mountains conference was for the first time held in Utah through the efforts of 73 UVU students during October 7-9, 2015. Student organizing committee was able to handle all issues related to hosting the conference, including: fundraising, as well as processing and editing not only submitted papers, but also the final document of the conference. The Report of the United Nations Secretary General on SMD А/71/256 from 29 July 2016 for the first-time highlighted the role of UVU students for hosting the conference and elaborating recommendations in the final document of the gathering on theimplementation of the Sustainable Development Goal #5 on gender; target #6.6 on rational use of water resources and sanitation; and target #15.1 on protection recovery of ecosystems of land.

In Bishkek, we were able to host as a guest of the Kabar agency Dr. Janet Colvin, Interim Associate Dean of UVU on September 2017. During the press-conference, she spoke about importance of jointly hosting the Women of the Mountains conferences and plans for future cooperation between UVU and IUK with a focus on implementation of the United Nations sustainable development goals in part related to mountain communities.

Kuban Abdymen

Thu, 28 Dec 2017 10:23:26 +0600
What is known about World Nomad Games Aijan Abdesova, the deputy head of the Secretariat of the Third World Nomad Games told Kabar News Agency about the previous and the upcoming Third World Nomad Games, which will be held in Kyrgyzstan in 2018.

-How did the idea of the Nomad Games come?

The main idea of the organization of the World Nomad Games was the revival and preservation of the historical heritage of the nomadic people’s civilization and also to show the world the greatness of the nomadic civilization by showing the world the values of culture, the values of tradition, the values of the sport of nomadic people. In 2012 ex-president of the Kyrgyz Republic Almazbek Atambayev has been in an official meeting with the participation of several countries like the Republic of Kazakhstan, Republic of Azerbaijan and the Turkish Republic. Atambayev mentioned there about the idea of organization of such game like the World Nomad Games. On the results of the discussion, these four countries, including Kyrgyzstan signed the agreement to hold the World Nomad Games.

The first part of organization of the Games was in 2014. About 19 countries participated in the First World Nomad Games. There were about 10 different kinds of ethno-sport games. There was also cultural part. About 250 people from foreign mass media came to cover the event.

We have seen that we were capable to conduct in our country, that’s why in 2016 we decided to hold it even better, brighter and involving more countries. There were 23 different kinds of ethno-sports. We included the cultural part as well. As you know there was a cultural part – a great performance of our Kyrgyz citizens and some international participants like Turkmenistan, Kazakhstan and some other countries. They have been showed their performances in Kyrchyn gorge. The international media said that this was a great show and great pictures. Even Al-Jazeera has broadcasted several times in Arabic TV about the beauty, about the idea of gathering nomadic people in one country like Kyrgyzstan.

There were 62 different countries participated in the Second World Nomad Games. If we say about the cultural part, there were about 16 countries, which participated in nomadic festivals in Issyk-Kul’s hippodrome and in Kyrchyn gorge. The main thing is that there were a lot of athletes, a lot of mass media.

In the Second World Nomad Games there were 500 million spectaculars, I mean who have seen the World Nomad Games online. Now we have a lot of demands from people who are interested in coming to the Third World Nomad Games, who wants to be a participant, a guest, a mass media representative of their country in the Third World Nomad Games.

- What are the peculiarities of the next Third World Nomad Games, which is to be held in 2018?

The Third World Nomad Games will be held in September 2018. The main thing that we have added to the third part of the organization of the Third World Nomad Games is the scientific side, which we included. For example, ethno-science. What does it mean? That means that we want to know who is the nomadic person, from where he comes and what is his history and what is his tradition.

We want to hold the Third World Nomad Games at the international level. This is our main issue. We want to show people not only our Kyrgyz part, we want to show the international part, that’s the issue why we added for the cultural part about 40 countries. That’s our purpose.

At the present time we are discussing with the Ministry of Education and Science the scientific part and we will have the final issue coming days. We want to organize the 61st Altaistic conference in the framework of the Third World Nomad Games. The events of the Third World Nomad Games will be held not only in September, we hold the events during nine months. We want different events during nine months of the coming year and in different regions of Kyrgyzstan: Batken, Jalal-Abad, Talas, Naryn, Chui, Osh, Issyk-Kul regions. All the parts of the country will participate in the Third World Nomad Games, not only during one week, but during one year. There will be some kind of conferences, forums, cultural events, some kind of sport events. Within the framework of the World Nomad Games we will have these kinds of events during the year.

Last year we have had 22 kinds of ethno-sport games, this year it will be 37 kinds of ethno-sport games. It means we have added different kinds of sports because there was some kind of demand from international part. We want to show more, it will be more lightly. Another issue which will be a different part from what we had last year, we are not going to have weight categories, we are not going to have winners. We are going to have, for example, great archer, great nomad, great fighter, etc. this kind of awards. We will inform who are the winner at the end of the ceremony - in the closing ceremony. These are only the plans that we are going to have. The official information you can get on the official website of the We will inform people in advance what kind of things we are going to have.

Another thing that we a going to have in a cultural part we are going to organize festivals of art. What does it mean? We want to show different international graphic, international different sculptures by creating them in Kyrgyzstan. We want to show the different kind of graphic calligraphy and this kind of things and also narrative saying of the epic of Manas and also international epic, for example, may be the Indian part will narrate about Mahabharata.

There going to be also ethno-dance, ethno-fashion, ethno-song. We are going to organize such kind of events in Issyk-Kul, especially in Kyrchyn gorge, in the center of nomadic civilization and also in the nomad amphitheater and in the hippodrome.

The main part – I want to say about the scientific part of the games. We want that the person by coming to the Kyrgyz Republic to the Third World Nomad Games, at the beginning he can have light ideas about nomad civilization and by the final day, when he leaves the country, we want this person to have the total idea who was the nomadic person, may be, he is the part of nomadic, he can be proud of being a nomad. Because nomad people were very strong, they were very wise, they were very smart people, they were fighter, but in a good sense and they were peaceful people with rich tradition and rich culture, where they used to live. This is our history and especially we are living in the 21st century, its very urbanistic, modern civilization. But without knowing our history, without knowing who we are, we can not build our future. The main idea of the Nomad Games - we want to preserve what we have and to live better. To live in a better life, we need to know very well our history. Our main purpose of the Third Nomad Games, its not only 62 countries come and participate in the games, but also to know who they are. For example to preserve the language, this is the main thing. By preserving the language to know better the history. This is the main issue. Thank you!

-Thank you.

Interviewed by Nurzhan Kasmalieva

Wed, 27 Dec 2017 14:02:40 +0600
Economic Week of Kyrgyzstan Dec.18-23, 2017 Contracts started working. The President of Uzbekistan has approved two international agreements with Kyrgyzstan. Shavkat Mirziyoyev signed a resolution approving the protocol on introducing changes and amendments to the Agreement between the Governments of Kyrgyzstan and Uzbekistan on the international road traffic of September 4, 1996.

By another resolution, Mirziyoyev approved the Agreement between Kyrgyz and Uzbek governments on delegating the responsibility for air traffic services.

Construction of the gas pipeline. The construction of the Kyrgyz section of the transit gas pipeline from Turkmenistan to China will begin in late 2019. Ulanbek Ryskulov, the chairman of the State Committee for Industry, Energy and Subsoil Use of the Kyrgyz Republic said that the pipeline will be constructed by the Chinese SINO-Pipeline International Company Limited. In Kyrgyzstan, the pipeline will run through the territory of Chon-Alai towards Irkeshtam.

The total length of the gas pipeline in Kyrgyzstan will be approximately 215 km, the capacity will be 3 billion cubic meters. Total construction of the project is estimated at $ 1.2 billion. The construction will be carried out entirely at the expense of the Chinese side. The term of implementation of the project is 3 years.

ADB Grant. The Board of Directors of the Asian Development Bank (ADB) has approved a program grant of $ 25 million to continue efforts to improve the investment climate in Kyrgyzstan and more effectively involve the private sector in the country's economic growth. The grant is provided within the framework of subprogramme 3 of the Second Investment Climate Improvement Program in the Kyrgyz Republic.

“The private sector has a significant role to play in boosting the Kyrgyz economy through diversified economic growth and higher value-added job creation,” said Priyanka Sood, Senior Financial Sector Specialist at ADB. “ADB’s grant will increase access to financial services for small businesses, improve prospects for private sector participation in developing infrastructure including through public-private partnerships (PPPs), diversify trade and investment, and increase transparency and ease of doing business. Together, these actions will make the country a more attractive place for investment and job creation.”

The property inventory. The Foundation for State Property Management of Kyrgyzstan completed a process of inventorying of all property. Chairman of the Foundation for State Property said that, earlier because of the lack of a systematic report, the government did not have information on the value and volumes of state property. Now the state bodies and subordinate units completed the work on data entry into an automated system.

It is planned the second stage of the inventory, after which there will be a reassessment of all state property.

Chinese streets of Bishkek. China will finance the reconstruction and rehabilitation of 60 streets in Bishkek. According to data of the Ministry of Economy of the Kyrgyz Republic, the Exchange letters were signed in Bishkek between the Government of the Kyrgyz Republic and the Government of the People’s Republic of China on the implementation of the project "Development of the Bishkek Road Network (Phase 2)". On behalf of the Kyrgyz Government the document was signed by Minister Novikov and on behalf of the Chinese Government by Ambassador Xiao Qinghua.

In addition, the parties discussed issues of bilateral cooperation, including the promotion of agricultural products to the Chinese market, the transfer of capacities to Kyrgyzstan, cooperation under the One Belt, One Road initiative.

IMF about growth in the Kyrgyz Republic. The IMF assumes that the growth of the economy of Kyrgyzstan in 2017 will be 3.2%, and in 2018 it will be 3.3%. At the same time, inflation in 2017 will be 3.2%, and in 2018 will increase to 5.5%. The public debt of Kyrgyzstan, according to the IMF forecast, will make up 57.1% of GDP in 2017, and in 2018 - 58.2%. In addition, in 2017, the growth of Kyrgyz exports is expected at 10.4%, in 2018 - by 6.2%. Import will grow by 12.1% in 2017, in 2018 - by 11.5%.

The IMF also points out that since the beginning of this year, the IMF forecasted 3.5% growth in the republic's economy. The difficulties because of border problems in October on the Kyrgyz-Kazakh border led to a decrease in the forecast for GDP growth by 0.3 %.

Regions are activated. 39 private enterprises were opened in the territory of Osh oblast for 11 months of 2017. According to data of the local authorities, 301 jobs were created in 2017 in Osh region. The total capital investments amounted to more than 84 million soms, the budget received 264 thousand soms. Besides, 28 industrial enterprises, 5 enterprises connected with agriculture, 4 service enterprises and 2 enterprises connected with drinking water were opened.

In addition to small enterprises, 91 large industrial enterprises operate on the territory of Osh oblast. In total oblast small and large industrial enterprises in Osh produced goods for 4 billion 22 million soms for 11 months of 2017, the growth index made up 108.9 percent.

Kabar News Agency

Sat, 23 Dec 2017 23:55:06 +0600
European Union and Kyrgyz Republic have strong relationship, Jaap Ora Mr. Jaap Ora, Chargé d'affaires a.i. of the European Union to the Kyrgyz Republic told Kabar Agency about bilateral relations between the Kyrgyz Republic and the European Union, relations of the EU with the countries of Central Asia, about the relations in cultural and humanitarian areas, prospects of GSP+ status and about HRVP Federica Mogherini’s visit to Kyrgyzstan.

-How do you assess the bilateral relations between the Kyrgyz Republic and the European Union? What are the near and mid term prospects of the bilateral cooperation?

European Union and the Kyrgyz Republic have strong relationship, which covers different aspects: political, social, economic, trade, cultural and so on. This relationship started very soon after Kyrgyzstan became independent. It has developed over years. I am glad to say that this year has become very successful and very important in our relationship. Several events took place, which could be considered as milestones in our relationship. Also important decisions were made.

This year in February former President Almazbek Atambayev visited the European Union's institutions in Brussels. It was his third visit to Brussels during his presidency. In November the High Representative of the EU for Foreign and Security Policy, Vice President of the European Commission Federica Mogherini visited the Kyrgyz Republic, where she met with Almazbek Atambayev, Sooronbay Jeenbekov and Prime Minister Sapar Isakov. This was the highest level visit from the EU for a long time. This visit indicates how strong and constructive our relationship is.

The EU works in different spheres.We have political relationship with, for example, meetings of foreign ministers every year.Then we have a cooperation committee of officials to discuss working issues and also subcommittees for trade and investment. And also there will be a new subcommittee for the development. We also have annual regular human rights dialogue, where we can discuss all the aspects of human rights cooperation.

One important aspect of our work in Kyrgyzstan is the development cooperation. I want to emphasize that the EU is the largest donor in the world. It provides substantial assistance to its partner countries and in Kyrgyzstan we also run very strong development cooperation program.For the years 2014 – 2020 we have assigned €180 million as bilateral assistance to the Kyrgyz Republic. And on top of that, there are also regional programs covering Central Asia, from which Kyrgyzstan also benefits.

In our development cooperation we focus on three key focal sectors: education, integrated rural development and rule of law.

In education we provide budget support to the Ministry of Education of the Kyrgyz Republic. And we have agreed on several targets that the Kyrgyz Government is committed to achieve in the sphere of reforming the education system. For example, the modernization of the management of education, the finances of schools, also providing modern teaching equipment to schools, providing access for disabled children.

In the sphere of rural development we focus very much on providing the opportunities of income generating to the population of rural areas, which means we worked to introduce the rural population with new forms of economic activity or to organize the economic activities efficiently for the rural population to be able to market production and so on. We also provide assistance in developing the infrastructure necessary for the economic activities in the rural areas.

And the third focal sector is the rule of law, where we work in different areas. For example, judicial reform, electoral reform, but also some other priorities, for example, prevention of torture in the detention facilities.

In the sphere of judicial reform we have provided assistance in adopting new legislation, enhancing the professionalism of the workers of courts. It’s a very comprehensive and long term activity, where the goal is to have a professional, reliable and independent court systemand which actually is also important foundation for the development of the whole country.

We also provide assistance for electoral reform and again we have agreed with the Kyrgyz Government on the certain targets that have to be achieved to make the electoral system more efficient, accountable.And obviously we welcome positive developments we have seen in recent years in developing the electoral system.

We assist the Kyrgyz Government in the activities on fighting corruption. These are some examples. Also in the sphere of rule of law, we have trained the media to work with society on the issues related to transparency of governance. We also have worked with local governments to improve the communication between the local government and the citizens.

These three focal sectors are the main priorities for us. There are also some other areas where we are working, including social protection, rights of children and so on.

At the moment the Government of the Kyrgyz Republic has moved forward with several new important initiatives. First of all, the project of Taza Koom to provide the development of electronic governance in the country, also Taza Suu as the priority of providing drinking water for the population, and the priority of developing irrigation infrastructure in the country to provide more economic opportunities for the rural population.

The EU Delegation is in dialogue with the Government about how to integrate also these priorities in our activities. For example, we would like to mainstream TazaKoom priorities in all the three focal sectors of our activities, so that the development of electronic governance becomes the integral part of our development cooperation activities in the country.

One important milestone in the relations between the EU and Kyrgyzstan was the decision by the European Union to start negotiations on a new and comprehensive cooperation and partnership agreement with the Kyrgyz Republic. This agreement should cover all aspects of our cooperation and should replace the current partnership and cooperation agreement which is in force from 1999.The reason for starting the negotiations was the fact that much time has already passed since the adoption of the previous agreement and that its time to have a new look at our relationship and adapt to the current situation, to current priorities. These negotiations, which will start in December this year, will provide an opportunity to bring new quality into the relationship between the EU and Kyrgyzstan.

-This year the European Union marked its 60th anniversary. What are the relations of the EU with countries of Central Asia?

This year we celebrated the 60th anniversary of the Rome Treaty, which is one of the milestones of the development of the EU. It was signed then by 6 member states. And now there are 28 member states in the EU.

As I mentioned earlier, the EU started to develop its relationship with Central Asia already in the early 90s. One important milestone was in 2007, when the EU adopted its strategy for Central Asia. This strategy established new foundation for working for the whole region. it also indicates the importance of the region for the EU. Now we are celebrating already ten years of the EU-Central Asia strategy and the EU member states decided that the EU would adopt a new strategy for Central Asia by the end of 2019. The EU-Central Asia strategy is a comprehensive document, which outlines the priorities and interests of the EU and priorities of cooperation, starting from developing stable, just and open societies, strengthening good governance rule of law, human rights and democratization. And also working in the economic sphere and in the security sphere, which are very important. Also it is Central Asian countries to work among themselves to cooperate and of course, the EU as very successful integrated body is prepared to offer its experience of cooperation among member states.

There are many priorities for regional cooperation. The EU-Central Asia strategy also established regular mechanism of cooperation and there are, for example, annual meetings of foreign ministers. The last meeting took place in Samarkand in November and was attended by foreign ministers of all Central Asian countries. It was a very constructive meeting and it was highlighted by the participants that they can see how the EU-Central Asian cooperation is elevated to a new level.

The EU High Representative Mrs. Mogherini highlighted that Central Asia has become important partner for the European Union.

-What could you tell about the relations in cultural and humanitarian areas between the EU and Kyrgyzstan?

In recent years the Delegation of the EU has considered introducing European culture to the audience in the Kyrgyz Republic as one of its priorities. For example, we have organized European Union film festivals in Bishkek with the participation of many member states. Almost 20 member states introduced their films to the Kyrgyz audience and this has been very popular event with high demand and every time we organize it, the audience requests us to come back with this event next year. We hope to do it again next year. And also we have organized the events about the European music.

One interesting project we had last year was a drawing competition for schoolchildren in Kyrgyzstan about how they imagine the European Union. They produced a lot of works, which were displayed at the exhibition in Bishkek and also we produced the album containing some of the best works. These are some example of cultural activities.

Obviously, a lot of cultural cooperation goes on the initiative of particular member states and I believe that they also feel the strong interest in Kyrgyzstan to know more about European culture.On the other hand, I would say that I think there are also a lot of interesting things that Kyrgyzstan could provide to the European audience.

People in Europe should also know more about the Kyrgyz culture. I would like to highlight the World Nomad Games as one of the really good events, which I think provides a lot of knowledge, good visual image about Kyrgyzstan and its culture in Europe and we are looking forward to the next Nomad Games. It will be another opportunity for the European audience and global audience to learn more about Kyrgyzstan.

One way for the Kyrgyz young people to go to Europe is to study, especially in the framework of the Erasmus+ program, which provides exchange of students and the opportunity for students from partner countries to study in Europe. I think there is more potential to develop people to people contact and it will remain one of the priorities of our cooperation.

-How do you assess the utilization and prospects of GSP+ status given to Kyrgyzstan?

It is an opportunity for Kyrgyzstan to export most of its products to Europe without paying the customs tariffs. It makes Kyrgyz export to Europe competitive and it opens an opportunity for Kyrgyz producers to send their products to Europe and to diversify the external trade relations of Kyrgyzstan. Another part of the scheme is that Kyrgyz Government has committed to implement the most important international conventions of human rights, labour rights and good governance.

GSP+ means tariff free opportunity from one hand.On the other hand, it stimulates development of human rights and labour rights and this is done with the understanding that if labour rights and human rights legislation is improved, it also means better economic development as it means more opportunities for economic development. Now the Kyrgyz Republic has been within the GSP+ scheme for one year and so far I think that not the whole potential of the scheme is utilized.

I can give your some figures. In 2016, the overall trade between the European Union and the Kyrgyz Republic was €310 million. Out of that, export from Kyrgyzstan to the European Union was 70.5 million, of these export only 3.2 million went under GSP+. It is only 4%. So at the moment only 4% of Kyrgyz exports go to Europe under GSP+ scheme, which means that there is a potential for Kyrgyz producers to develop more products, which are interesting to European market. And also I think there is a need to improve the understanding and awareness in Kyrgyzstan about requirements of import to the European Union like veterinary, phytosanitary standards, environmental requirements, rules of origin and so on. We know that there is a strong interest among producers in Kyrgyzstan to have more export to Europe, I believe it will be the main and important opportunity to diversify trade relations with Kyrgyzstan, because one of the goals of the GSP+ scheme is to have Kyrgyzstan integrated better in the world economy and it ultimately could also provide better working conditions, better income for the workers in Kyrgyzstan. This will be a long term process and we will cooperate with local organizations of economic actors and with the Government to enhance the opportunities related to GSP+.

-Could you tell us about the recent visit of the HRVP Federica Mogherini to Kyrgyzstan?

The High Representative of the European Union for Foreign and Security Policy and the Vice President of the European Commission Federica Mogherini visited the Kyrgyz Republic on November 9 this year. She met with Almazbek Atambayev, who was then the President, met with Sooronbai Jeenbekov, who was elected next President, and also with Prime Minister Sapar Isakov. This was the sign of the importance of the relationship with the Kyrgyz Republic for the European Union and a chance to discuss the plans for the future. Mrs. Mogherini congratulated her counterpart and the Kyrgyz people on the conduct of elections, which were competitive, fair and well organized and she also highlighted the importance of continuing of cooperation with the Kyrgyz Republic in the sphere of development cooperation, in political sphere and in the sphere of human rights.

She also highlighted the fact that we will start negotiations on the new agreement with the Kyrgyz Republic. She also said that these positive developments in the relationship also mean that we have high expectations for Kyrgyzstan, also for the future, for example in strengthening, rule of law, democratic freedoms, media freedoms and support to the civil society. Because these are very important priorities in order to build strong society.

Regarding the elections, it was also mentioned that the international observation mission of OSCE/ODIHR would come forward with its conclusions and recommendations and we strongly encourage Kyrgyz authorities to take this recommendations into account while preparing for the next elections in the country. I must say that overall these meetings took place in very constructive and friendly atmosphere and we closely listen to the priorities of the leadership of the country and also for the priorities for the economic development of the country.

Interviewed by Nurzhan Kasmalieva

Wed, 20 Dec 2017 15:15:29 +0600
Kyrgyzstan’s economic week – Dec. 11-16, 2017 Something new in the mortgage. Until the end of 2017, the State Mortgage Company plans to issue mortgage-backed securities. The issue of the mortgage-backed securities is one of the most effective tools for the development of the housing sector in Kyrgyzstan. In the whole world, it was the mortgage-backed securities that influenced the decline in the cost of mortgage loans and provided access to affordable housing.

WTO and reduction in bureaucracy. Kyrgyzstan at the WTO ministerial conference pointed to the importance of adopting a multilateral agreement on trade facilitation aimed at reducing bureaucratic procedures and accelerating the flow of goods across borders. Deputy Minister of Economy Eldar Abakirov took part from Kyrgyzstan in the WTO conference in the capital of Argentina.

He presented Kyrgyzstan in multilateral discussions and pointed out that landlocked countries are dependent on neighboring countries to provide transit routes and become vulnerable when one country that is in transit can literally keep the other from achieving the national goals of sustainable development. The WTO Ministerial Conference is the highest intergovernmental body of the World Trade Organization, at which the main decisions in world trade are discussed and adopted.

Without violations. Kyrgyzstan applies non-tariff measures in full compliance with the rules and norms of WTO agreements. During the 11th Ministerial Conference of the WTO in Argentina, Deputy Minister of Economy Eldar Abakirov stated that Kyrgyzstan does not violate the generally accepted WTO rules.

The panellists in their reports noted that non-tariff barriers still exist in the world trade and agreed on the necessity to further work on the transparency and predictability of the world trading system.

During the panel discussion, Abakirov said that non-tariff measures have a negative impact on trade and should not be used by countries for personal gain.

Uzbek investments. Tashkent will allocate $ 100 million to businessmen of Kyrgyzstan. These funds can be used to improve interaction with entrepreneurs in Uzbekistan. Minister of Economy of the Kyrgyz Republic Artem Novikov said that, the trade and economic direction between the countries is developing very positively. During the visit of President of the Kyrgyz Republic Sooronbai Zheenbekov to Tashkent, the trade and economic session took place with the participation of more than 350 entrepreneurs from Kyrgyzstan and Uzbekistan.

A meeting was also organized where Kyrgyz businessmen could talk with Uzbek partners about the possibilities of concluding contracts.

At the end of the meeting, representatives of the business community had certain contracts, like export contracts for the supply of Kyrgyz products to Uzbekistan, as well as import contracts.

Active regions. 80% of the commodity turnover of Kyrgyzstan falls on the regions of Russia, Vice Prime Minister of Kyrgyzstan Tolkunbek Abdygulov told at the Sixth Kyrgyz-Russian interregional conference "Eurasian integration as the basis for the development of the Kyrgyz-Russian foreign economic relations".

He said that this indicates that cooperation is developing not only between the capitals of the two countries. "Russia and Kyrgyzstan have historically been trade and economic partners. This conference shows that there is a connection not only between Moscow and Bishkek, but 80% of Kyrgyzstan's trade turnover falls on the regions of Russia," Abdygulov said, adding that the potential is much wider.

Continuation is possible. "In the sphere of energy, we started individual projects at the first stage and what did not work does not mean that the topic is closed," Arkady Dvorkovich, Deputy Chairman of the Russian Government said following the results of the plenary session of the Sixth Kyrgyz-Russian Interregional Conference "Eurasian Integration as the Basis for the Development of the Kyrgyz- Russian foreign economic relations ".

He said that its possible to resume the implementation of these projects after the appearance of sufficient markets for these products under acceptable conditions.

Answering the question, whether it is related to Upper Naryn cascade of HPPs, Dvorkovich answered that including this project too.

Duty free oil products. In 2018, Russia is ready to give Kyrgyzstan about 1 million tons of oil and oil products duty-free, Russian Deputy Prime Minister Arkady Dvorkovich said at a briefing following the results of the plenary session of the Sixth Kyrgyz-Russian interregional conference "Eurasian integration as the basis for the development of the Kyrgyz-Russian foreign economic relations."

The single currency of the EEU is possible. The introduction of a single currency within the framework of the Eurasian Economic Union is being discussed at an expert level, Deputy Prime Minister of Russia, Arkady Dvorkovich said in Bishkek.

He said that the idea of ​​a single currency periodically has been arousing by experts, but it is not discussed at the official level.

"We are interested in the use of national currencies in mutual trade, it is understandable that the ruble is a more common currency due to the size of the country, and trade in rubles will increase. We will come to a single currency, while its early to talk about it, we will continue the expert discussion," Dvorkovich said.

X5 Retail Group. Kyrgyzstan has signed an agreement with Russia’s X5 Retail Group, one of the leading multi-format food retail companies. The company manages the shops of several well-known retail chains in Russia - Pyaterochka, Perekrestok, Karusel.

The document was signed within the framework of the Sixth Russian-Kyrgyz interregional conference. The Russian company expressed a desire to work with entrepreneurs of Kyrgyzstan. It is planned to open new stores in Siberia.

"We are interested in bona fide suppliers of quality products. We identified such types of products as organic, agricultural products, fruits and vegetables. We will not put aside the issue of the growth of Kyrgyz entrepreneurs aside, we would like the best quality products to appear on the shelves of shops of the Russian Federation. I saw a lot of proposals also in the meat products and beverages segment," said representative of X5 Retail Group.

The results. On December 15, 2017, at the Sixth Russian-Kyrgyz interregional conference in Bishkek, the signing of bilateral documents was held, the press service of the Ministry of Economy of the Kyrgyz Republic reported.

The following documents were signed:

- Agreement between the Government of the Kyrgyz Republic and the Government of Tatarstan on trade and economic, scientific, technical and socio-humanitarian cooperation.

- Memorandum of Cooperation between Mechel-Steel Management Company and Kyrgyz Temir Jolu SE.

- Framework Loan Agreement between Roseximbank and the Russian-Kyrgyz Development Fund.

Kabar News Agency

Sun, 17 Dec 2017 20:11:29 +0600
Kyrgyzstan's economic week Dec. 4-9, 2017 Electronic assistant of Tax Service. The State Tax Service of Kyrgyzstan started using an electronic assistant to fill insurance premiums. The Tax Service has developed and implemented electronic assistants in two categories: to fill out a payroll for state social insurance funds, as well as to fill out a sheet of payment of insurance premiums for employees employed in textile and clothing production.

The electronic calculator will facilitate the process of filling the payroll in electronic form for the taxpayer.

Automatized grants. The Ministry of Finance of the Kyrgyz Republic launched a portal for automated system of registration, filing, selection and registration of projects for obtaining incentive grants.

This portal was launched pursuant to paragraph 37 of the Government's Plan of Measures for 100 days on the implementation of the 40 Steps to a New Era program and also to ensure the transparency of the system through the use of information technologies.

The best place is for investors. Vice Prime Minister of Kyrgyzstan Tolkunbek Abdygulov, who participated in the Bishkek Investment Forum, told international investors at the Bishkek Investment Forum (BIF-2017) about the benefits of investments in Kyrgyzstan. The vice prime minister urged businessmen from Uzbekistan, Kazakhstan, Tajikistan, Mongolia to invest in Kyrgyzstan, as the country has all the conditions.

"Today Kyrgyzstan has access to the 700 millionth market. This was achieved by the accession of Kyrgyzstan to the Eurasian Economic Union and due to the GSP + status provided by the EU. In the international rating of investment attractiveness, the Kyrgyz Republic ranks 77th out of 189 countries," he said.

Abdygulov said that Kyrgyzstan is making every effort to improve investment attractiveness. In particular, he said that the two main points of the Cabinet of Ministers’ 40 Steps to a New Era program are related to business development. This is the Taza Koom project and the concentration of efforts on creating favorable conditions for business in Kyrgyzstan.

Trade in Central Asia is growing. The trade turnover between Kyrgyzstan and the Central Asian countries in January-November reached $ 950 million. According to data of the Agency for Promotion and Protection of Investments, in 2017 the trade between Kyrgyzstan and Central Asian countries was 4 times more than in the same period in 2016. However, the potential of Central Asia is not fully used.

Central Asia is undergoing a political and economic transformation. It is necessary to establish effective cooperation and prompt definition of common regional interests, the Agency believes.

Stabilization regime. The Government of Kyrgyzstan has introduced a stabilization regime for foreign investors investing at least $ 3 million in the country's economy for three years. This was announced during the Bishkek Investment Forum this week.

"This mechanism allows any investor investing at least $ 3 million over three years in the economy of Kyrgyzstan to take advantage of the stabilization regime, namely, within 10 years to use one tax regime, regardless of changes in the tax legislation," Vive Prime Minister of the Kyrgyz Republic Tolkunbek Abdygulov said the Forum participants.

For a comfortable stay of investors in Kyrgyzstan, the threshold amount in the economy for obtaining an investment visa is reduced from $ 500 thousand to $ 145 thousand.

Uzbek investments are possible. Investors in Uzbekistan are closely following the changes in Kyrgyzstan, Deputy chairman of the Chamber of Commerce and Industry of Uzbekistan Zhamshet Urakov said at the Bishkek Investment Forum. According to him, the results of start-ups and current investment projects were presented at the forum.

"I am glad that Kyrgyzstan has a great potential for the development of small and medium-sized businesses. We arrived with a delegation of 15 people. We want to enter your country’s market. We want to know about your economy and show your own, "the representative of Uzbekistan said.

Kabar News Agency

Sun, 10 Dec 2017 21:59:37 +0600
People in Central Asia can benefit by example that Kyrgyzstan set, Shamsh Kassim-Lakha Mr. Shamsh Kassim-Lakha, Diplomatic Representative of the Aga Khan Development Network in the Kyrgyz Republic, Chairman of the Board of Trustees of University of Central Asia told Kabar Agency about the activities of the AKDN in Kyrgyzstan and Central Asia, University of Central Asia, plans for future and shared his impressions about Kyrgyzstan.

- Can you tell us about the main activities of the Aga Khan Development Network in Kyrgyzstan, what projects are being implemented?

- Before I explain to you what we do here, in Kyrgyzstan and in Central Asia, maybe I can explain quickly that the Aga Khan Development Network is an organization, established by His Highness the Aga Khan,and it is working in 30 countries, mostly developing countries. Our aim is to work on improving the quality of life of people, wherever we are working, we work through education, through health, through economic development, through culture and this is regardless of race, color, gender, religion. It is a secular, non-religious organization.

There are 10 agencies of the Aga Khan Development Network that work in different fields. Nine of these are not-for-profit and the tenth agency which is the Aga Khan Fund for Economic Development that is making profit, such as in financial services or industrial production, and all the profits are then ploughedback and used for supporting the non-profit activities, like in health and education.

The Aga Khan Development Network around the world employs 80,000 people and 95 percent of them are nationals of the countries where we work. And it is also important to know that we operate 200 health clinics and hospitals, 200 schools and we have 2 universities, the Aga Khan University and the University of Central Asia.

The Aga Khan University works in Pakistan and Kenya, Tanzania, Uganda, Afghanistan and also in London, England. And of course, the University of Central Asia is in Central Asia, I’ll tell you about this institution in a minute.

So, to come back to your question, what are our activities here in Kyrgyzstan. We work with rural development, we work on education, financial services and we are focused very much on the development of mountain societies. Mountain people are usually marginalized, because they do not have access to government services as much as city people have. Their education, their health, their financial services, they are not as well available, so we are focusing on those, who live in remote mountain area, like Naryn and Jalal-Abad, maybe in parts of Osh Oblast as well, and Batken. And we are also working in Chui, of course, but the important part is that we do a lot of agricultural development, we work with farmers, our Aga Khan Foundation programmes work with 50,000 farmers, bringing water to their lands, explaining how to improve the quality of their agriculture, greenhouse technology.

In education, we have the school in Osh- the Aga Khan School which is considered to be the best school in Osh oblast, and that has been working for 15 years and finally we have the University of Central Asia. The University of Central Asia has campuses in Naryn, in Khorog, Tajikistan and in Tekeli, Taldy-Korgan, Kazakhstan. I can tell you more about it in a minute, but the important thing is that we are also working on cultural activities. For example, in Kyrgyzstan we trained 7,500 school students in their own music, we teach them komuz, we teach them how to sing properly, we help them to become Manaschies also. And it is important to preserve the culture of any country, where we work. And we want to make sure that people understand their own culture, because there is no use of becoming involved with foreign cultures only, you must learn about other cultures, but your own culture – you must be rooted in it. So, these are some activities, we are involved with.

- Can you tell us about the activities of the Aga Khan Development Network in Central Asia?

- So, wherever we are working, we always go when the government invites us to go. So, in 1993-1995, soon after the Central Asian countries became independent, there were requests for the Aga Khan Development Network to come and work. We started in Tajikistan but we also now work in Kyrgyzstan and Kazakhstan. In these three countries we have a lot of activities in rural development, particularly in Kyrgyzstan and Tajikistan, in cultural development, we teach music, as I mentioned. We have schools not only in Kyrgyzstan but also in Tajikistan we have 2-3 schools. And now we are planning to have a school in Naryn, in addition to the University, we are working to establish a school. And that would be a very good thing, because it would be not only teaching in Kyrgyz, but also in English and Russian. One of the strongest programmes we have in Central Asia is in rural development, again rural development relating to mountain societies, because those are people, who need your help most.

Finally, we have a very strong programme in financial services in Kyrgyzstan, the KICB bank that we promoted and that was because the government of Kyrgyzstan requested us to come and help with education and economic development, and particularly financial services. So, in Kyrgyzstan we established the KICB bank, in which the government is also a partner, and several international agencies, like DEG and IFC, KfW – they are part of the shareholders. And the microfinance organisations are also working in Central Asia, in Tajikistan and here, in Kyrgyzstan. But the largest project is the University of Central Asia that is working across the three countries of Central Asia.

- From how many countries do students study there? What kind of specializations does the University offer?

The University of Central Asia is a university that has been founded by Kazakhstan, Kyrgyzstan, Tajikistan and the Ismaili Imamat, which is His Highness the Aga Khan. So, these four parties signed an International Agreement under which the University was established, then the Agreement was approved by the Parliaments of the three countries. And now it is registered with the United Nations. So, the UCA is an international organization and it is working in all three countries and it is also now working in Afghanistan. We have three types of programmes - a School of Professional and Continuing Education that teaches programmes in computers, in English language, in financial services, in Russian language, in Kyrgyz language and they also have vocational education. We work in Kyrgyzstan, in Naryn and in Bishkek. In Tajikistan, we have the School of Professional and Continuing Education in Dushanbe as well as in Khorog. And in Tekeli, Taldy-Kurgan.

The second part of our programme is the School of Arts and Sciences. The School of Arts and Sciences is the campus, which is located in Naryn, the new campus that has been built there. And a sister-campus is already operating now, since this year in Khorog, Tajikistan. The third campus will be in Tekeli, Taldy-Kurgan, Almaty Oblast and that will be there in about three years time. So, each of these campuses is a residential campus with students from different parts of the world. Most of the students are from Kyrgyzstan, Kazakhstan and Tajikistan, but we also have students from Afghanistan and some are from Pakistan and this year we have one student from Iran. So, as the reputation of the University is growing, we are getting more attraction. And the interesting part is that last year we had 530 students applying for the University, this year the number doubled to 1,100. So, there is a lot of interest and it is very interesting that the University is secular, we do not have any religious classes, because sometimes people ask me “are you teaching religion?” and the answer is, of course, not, it is a secular university under its Charter, we are even not allowed to teach religion. So, I just wanted to emphasise that there are some rumors sometimes that come up. And I also want to say how grateful we are to people of Naryn and the Administration of Kyrgyzstan who have been welcoming all these programmes that we are running, we could not have done it without the support of the Government and the peoples. I must say that I am very impressed by the peoples of Kyrgyzstan, they are very warm and they have a very open mind, very nice to see that. They want to learn new languages, maybe it is theirnomad tradition, I do not know, but they are always outgoing to meet people, they want to learn about other people. So, we are very pleased that we have this kind of approach, because at the University it becomes a lot easier, we have teachers, who are from Kyrgyzstan, from Tajikistan, from Kazakhstan, from Pakistan, from America, we have teachers from the United Kingdon, from Russia. So, we mixed a lot of faculty members, because they bring the best qualities from everywhere. I mentioned the School of Professional and Continuing Education, the School of Arts and Sciences, which offers the bachelor’s degree and the Graduate School of Development, we have our research institutes there. We have three research institutes now: one is the Mountain Societies Research Institute that works on issues relating to mountain societies and mostly it is undertaking research, what kind of problems they have in agriculture, in global warming, disasters are taking place today, heavy rain which causes mudslides or heavy snow or earthquakes– we study that. In our Institute for Public Policy and Administration, we are doing a lot of research for the Governments of Kyrgyzstan, Tajikistan and Kazakhstan. And with our research we help the Government to make evidence-based policy making. So, for example, what will be the impact of Kyrgyzstan joining the Eurasian Economic Union, what is the impact on the economy? So, the Government requested UCA to develop a study, which we prepared and we gave them, it helped them to make some decisions. Right now, we have made a new study on tourism, what is happening in tourism in Kyrgyzstan, how can it be improved, what is the impact of additional work on tourism, because that creates employment, it creates opportunities for people to visit here and for people here to become more broad-minded. So, these are some examples. And we are also running those programmes for training in the area of extractive industries, in mining, we are doing a lot of work on research in mining and extractive industries. It is interesting that from this year we will be also running an Executive Master’s degree program, because Afghanistan is very keen that we should give a Master’s degree to their civil servants. In the Ministry of Finance, we have a large number of middle ranking civil servants, who are keen because they have seen what we have to teach is very relevant to this part of the world. And we are proposing a similar programme for Tajikistan and Kyrgyzstan civil servants as well. So, there are lots of new programmes coming up.

What are the plans of the Foundation in Kyrgyzstan in the future, except for the opening of the school in Naryn?

Well, it is a very big programme. There is a second programme of opening the school here, in Bishkek. That is going to be a residential school, for which we have already acquiredtheland, it is called the Aga Khan Academy. And it will be a very large programme, it will be almost 50 million dollars investment, we are just waiting for certain issues relating to the land to be resolved and we will start the construction of the school, it is a very big programme. The other programmes we have are in working with civil society, helping civil society to understand itself, because a civil societyis not just NGOs (most people think that civil society means NGOs), but if you have doctors’ association, that is the civil society, business associations, groups of women entrepreneurs – that is the civil society. We are working on encouraging civil society and to understand how civil society can help to improve the quality of life of people, they are serving. At the same time, we are studying the issue of philanthropy, you know we are Muslims all of us, Muslims are generally very generous with their resources. The question is nobody has really done a proper study where is the money going;do people give just to the poor people or to somebody who does not have food, which is important to give, but can we put some of our charity in creating long-term solutions to poverty? For example, creating a vocational programme so that somebody, who can have a profession that you can teach them, so they no longer have to ask for help. So, in other words, how can we help people to teach them how to fish, rather than to give them a fish. That is very important objective of the Universityof Central Asia as well.

We are now working on another program in education, and we are working with 20 schools in each of the three countries, where the UCA is operating. So, we are working with the Government to look at 20 schools that the Government has proposed to work with, we improve the quality of those schools, and they also work with the neighboring schools. We are hoping that as a result of our intervention, the quality of the graduates will be improved and not only the UCA will benefit, but other universities, and maybe even they can go abroad. But we are focused on the quality of school education. Since the Soviet time, you know that Soviet Union has very powerful positives, which we sometimes do not speak about or do not remember. Education was universal and it was good quality education, health was universal, it was very good quality as well. And now we must make sure that we do not lose that quality and coverage and that is we are helping to see if we can help the government in achieving those objectives.

- How long have you been in Kyrgyzstan? Can you share your impressions about Kyrgyzstan. What do you like?

- Actually, I have been coming and going to Kyrgyzstan since 1995, which is almost 30 years now. So, it has been 22 years. So, I have really enjoyed visiting, working with people here and since the last three and half years my wife and I, we are living here in Bishkek. Because I am also the Head of the University, presently I am the Chairman of the Board, but I am also running the University. Soon we will have a Rector, we have made some appointment, and it will be announced very soon, and then I will not do a day-to-day running. It is very interesting that in Kyrgyzstan, I find the openness of people: the media, you can sit down and talk in any chaihana, sit down and discuss, people are very open to speak. And you can go to Parliament and listen to the debate, I think that Jogorku Kenesh is really very powerful, it is almost sometimes more powerful than the executive branch, which is not bad, because there is always an accountability and there is the Constitution, which provides a balance of power between the President and the executive branch, the Prime Minister and the Jogorku Kenesh. So, it is again very interesting model for many countries in this world. Look, what happened here just one month ago, you had an election, and you now have a new President, the previous President was allowed one term and he said okay, my term is over, now somebody else come. I think this is a terrific example and that is what people in Central Asia can benefit by the example that you have set here.

I also think that this country is very beautiful, it is one of the most beautiful countries I have seen, whether you are in the mountains or you are at Issyk-Kul or you are in the south, in Batken. Remember when apricots are coming and Aigul is blossoming, it is really beautiful. So, when you see the mountain valleys, where horses are running wild, people have an open-mind, it is something that is very haunting, it will not leave you. And I love the music of Kyrgyzstan, I must say that I like songs, I’m very fond of them.

- Thank you for your time and for accepting our invitation. Thank you very much.

Thank you. Thank you to you and to the viewers for listening to this conversation.

Interviewed by Nurzhan Kasmalieva

Wed, 06 Dec 2017 15:14:29 +0600
Kyrgyzstan’s economic week – Nov. 27-Dec. 2, 2017 Strategy in motion. According to the plans of the National Council for Sustainable Development-2040, 89 projects will be implemented in Kyrgyzstan by 2023 within the framework of the first phase of the Strategy – 40 steps to a new era program (2018-2023). 14 projects are envisaged within the framework of Taza Koom (Pure society) program. In general, 10.097 billion soms ( exchange rate USD 1= KGS 69,74) will be required for Taza Koom projects until 2023.

More money will be needed for the construction of smart cities in Bishkek and Osh - 5 billion 600 million soms, for the construction of the National Innovation Center (following the example of Skolkovo) 3 billion 500 million soms and for the construction of the center of the Asian Internet exchange point - 1 billion soms.

Within the framework of innovative projects included in the Taza Suu (Pure water) program, 6 works will be implemented. In total 25 billion 497.5 million soms are envisaged.

It is expected to implement 19 irrigation projects worth $ 328.6 million.

Cigarette forgery. Under the guise of footwear the cigarettes with excise stamps of Tajikistan were supplied to Russia from Kyrgyzstan. Such data was cited by director of LLC "C".

During the operative-search activities, employees of the State Service for Fighting Economic Crimes found in the territory of the warehouse in Bishkek and seized tobacco products without excise stamps - "Fast", with excise stamps of Tajikistan: "LM", "Kent", "Marlboro", "Camel" and "Parliament".

According to the conclusion of the Chamber of Commerce and Industry of the Kyrgyz Republic, the total amount of seized tobacco products amounted to almost 360 thousand soms.

The dollar will be frozen. Statements of some experts on the further growth of the dollar rate are groundless, the National Bank of the Kyrgyz Republic said. The main bank of the country takes timely measures to prevent such changes in the currency market of Kyrgyzstan.

"The dollar will not rise to 75 soms, and these estimates are baseless. The last two weeks we went out with an intervention in the foreign exchange market, after which there is a stabilization of the rate," the Bank's representatives said.

Treasury bonds. The Ministry of Finance of the Kyrgyz Republic began issuing 10-year state treasury bonds. According to the Ministry, on November 17, 2017, the first auction for the sale of state treasury bonds with a circulation period of 10 years for a total of 300 million soms was held.

As a result of the auction, the demand for state treasury bonds amounted to 586.52 million soms, with a proposal of 300 million soms, with a coverage ratio of 1.95.

Among top 20 in the world for the price of fuel. Kyrgyzstan is fully provided with fuel and there is no shortage, the press service of the country's antimonopoly authority reported. According to data of the Association of Oil Traders of the Kyrgyz Republic, currently the antimonopoly authority constantly monitors the situation on the fuel market by monitoring retail prices in the regions of the republic, also examines the situation on the basis of which recommendations are given to prevent unreasonable increase in prices.

This week at a working meeting in the Kyrgyz antimonopoly authority with the participation of major oil traders of Kyrgyzstan it was stated that the republic is fully provided with fuel and there is no deficit.

At present, the fuel market is competitive, where more than 20 companies operate and there are no facts of unjustified price increases and violations of the antimonopoly legislation.

In the future, the antimonopoly body will take measures to keep prices at the current level and to prevent unreasonable increase in retail prices.

According to rating of, Kyrgyzstan entered the list of 20 countries from 180 countries of the world with low prices for fuels and lubricants, although Kyrgyzstan is not an oil country.

Kabar News Agency

Sun, 03 Dec 2017 13:46:28 +0600
Economic Week of Kyrgyzstan – Nov. 20-25, 2017 Almost half a billion. In the first 9 months of 2017, Kyrgyzaltyn transferred over 459.51 million soms to the budget of Kyrgyzstan in the form of taxes and deductions. 84.34 million soms of them are deductions to the Social Fund of the Kyrgyz Republic and 375.17 million soms - taxes and dividends.

At the same time, net profit from the production and financial activities of Kyrgyzaltyn OJSC amounted to 80.82 million soms.

At present, the number of employees at OJSC Kyrgyzaltyn is 2,056 people, including all production branches.

Alcohol products raise in price. The Government of Kyrgyzstan has raised the excise tax rate for alcoholic beverages imported and produced in the republic.

The government decree was signed on November 17 and the document will come into force after 15 days of its publication.

This is done to reduce the availability of low-alcohol drinks for young people and increase tax revenues to the budget.

Chinese transformer. Within the framework of the Energy Sector Rehabilitation project, the main component of which is the reconstruction of the Toktogul hydroelectric power station, an electric transformer with a capacity of 425 MVA and a weight of 260 tons was delivered to Toktogul HPP in Kyrgyzstan.

The delivery of the transformer to the hydroelectric power station with its weight of 320 tons was unique, and this is the only case in the history of Kyrgyzstan, when this cargo crossed 3 mountain passes.

This transformer was manufactured by JOC Technical Engineering Co., Ltd. (China) to replace the No. 2 unit at the Toktogul HPP. All other equipment for unit No. 2 has already been delivered.

Russia approves. The Russian government approved a protocol to an intergovernmental agreement with Kyrgyzstan on writing off the debt to Russia totaling $ 240 million. The draft law on ratification of the protocol was sent to the State Duma.

This agreement was signed during the visit of President Almazbek Atambayev to Moscow in June 2017.

In early November, the Kyrgyz Parliament ratified the protocol to the agreement on Kyrgyzstan's debt to Russia, which provides for a write-off of the debt of $ 240 million.

Deliveries to Russia. In Moscow, Lomakin-Rumyantsev, the Chairman of the Presidium of the Association of Retailers and the leaders of the major retail chains of the Russian Federation confirmed their readiness to assist Kyrgyzstan in supplying Kyrgyz products to Russia's trade networks. This was stated during negotiations with Minister of Economy of the Kyrgyz Republic Artem Novikov.

Novikov said that that more companies are ready to join in the process of work. Only those companies and their products will take part in this project, for which our producers can take full responsibility, both in terms of the quality of the goods (the product itself, packaging, format, brand, certification, etc.).

Production capacity. By the end of the year, three large production facilities will be opened in Kyrgyzstan, Erkin Asrandiyev, the chairman of the board of the Russian-Kyrgyz Development Fund told during the parliamentary session, where the republican budget discussed.

According to hisdata, by the end of the year it is planned to launch a factory for the production of valves in Kara-Balta, the production of pasta in Tokmak and a plant for the production of metallurgical silicon near Tashkumyr in Jalal-Abad oblast.

Land for the logistics center. 200 hectares of land were allotted for the construction of an industrial-trade-logistic center in At-Bashi region of Naryn oblast. The corresponding decree was issued by the Government of the Kyrgyz Republic.

Realization of the project of construction of a logistics complex in At-Bashy region on the territory of the Naryn Free Economic Zone will promote the development of small and medium-sized businesses and is aimed at creating 3,000 new jobs. Investors will be involved in the construction of the industrial-trade-logistics center.

The industrial-trade-logistic center will consist of the following zones: trade, logistics and industrial.

Kabar News Agency

Mon, 27 Nov 2017 12:35:27 +0600
Kyrgyzstan’s economic week – Nov. 13-18, 2017 Eggs in return. At the beginning of the week, Kyrgyzstan did not allowed to import 300 thousand chicken eggs from Kazakhstan. Chairman of the State Inspectorate for Veterinary and Phytosanitary Security Kalysbek Zhumakanov said that, a truck loaded with eggs was stopped at the Ak-Tilek checkpoint, which was carrying goods from Kazakhstan without the appropriate veterinary documents.

Due to the lack of relevant documents, which allow to import goods into the territory of the Eurasian Economic Union, the cargo was returned to Kazakhstan.

"This is not the first time. There are a lot of such cases. One can said that there are such facts every day when the goods are not allowed because of the lack of relevant documents. Usually chickens, domestic animals, food, meat are detained at the border. The goods are from everywhere, and from third countries," Zhumakanov said.

More energy and fees. Over 10 months, Severelectro received 4.57 billion kWh of electricity, which is 387 million kWh more compared to the same period in 2016. For the expired period, the commodity output of "Severelectro" was 5.8 billion soms, at that 6 billion soms (102.9%) were collected from consumers.

At the end of ten months, the total electricity losses amounted to 12.42%, which is 1.1% lower compared to the level of 2016.

Over the past period, the collection of payments from the population was 106.1%, for industrial facilities - 100.6%, for budget organizations - 99.9%, for agricultural facilities - 99.1% and other consumers - 99, 8% of the invoiced amount.

Again Megacom. The process of negotiations on the sale of Alfa Telecom CJSC (Megacom) with Russian citizen Elena Nagornaya was terminated. The State Property Management Fund reported that, the negotiations were terminated "due to the fact that the parties failed to achieve mutually acceptable terms of sale." As it was explained later, the Russian woman expressed a new condition - three years of management before the final purchase transaction. The State Property Management Fund did not agree, because the law does not allow such a deal.

Nagornaya said that she was ready to buy Alfa Telecom in September 2017. Under the terms of sale of the company, the bidders must submit a price offer for the purchase of 100% of shares not lower than the amount of 13.5 billion soms. The buyer must pay 7% of the commission above the selling price.

After the failure of the negotiations with the Russian citizen, the Government of Kyrgyzstan has not yet decided whether to submit the company again for auction or not, but in any case the price specified earlier will not change.

White honey to China. Beekeepers from Kyrgyzstan will supply white honey to China. The State Agency for Promotion of Investments and Export reported that, a meeting of representatives of NGO Naryn Uyuk with International Transcontinental Corporation of Innovative Technologies was held on November 9, at which an agreement was reached to supply Kyrgyz white honey to China in the amount of 10 tons.

Budget revenues. According to preliminary data for 10 months of 2017, the total amount of state budget revenues was 117 billion 996.7 million soms. This indicator indicates that the original plan rate is exceeded by 0.7%.

According to the Ministry of Finance of the Kyrgyz Republic, the total revenues of the state budget in comparison with the figures for the same period of the last year increased by 14.7% or by 15 billion 153.6 million soms. Such results were achieved due to the growth of tax revenues, non-tax revenues, as well as from received official transfers.

"The volume of tax revenues for the period from January to October 2017 amounted to 82 billion 488.8 million soms or 97.6% of the plan. The sum of shortage is 1 billion 997.2 million soms. Compared with the same period last year, tax revenues increased by 6 billion 787.8 million soms or 9%," the Ministry of Finance reported.

During the reporting period, the State Tax Service collected revenues in the amount of 57 billion 638.2 million soms, which indicates the fulfillment of the target figure by 97.4%. Compared with the corresponding level of the previous year, the STS revenues increased by 7.4% or by 3 billion 970.4 million soms.

Kabar News Agency

Sun, 19 Nov 2017 20:37:29 +0600
Kyrgyzstan's economic week Nov 4-11, 2017 The CIS is the main one. This week, the State Statistics Committee of Uzbekistan said that Kyrgyzstan is the main foreign trade partner of Uzbekistan among the CIS countries. Among the main trade partners of Uzbekistan are also Russia, Kazakhstan, Ukraine, Tajikistan, which make 28.6% of foreign trade turnover.

Foreign trade operations of residents of Uzbekistan are mainly carried out with Asian countries (45.7% of total turnover), Europe (44.2%) and USA (2.6%), which make 92.5% of total volume of trade.

The foreign trade turnover of Uzbekistan in January-September 2017 amounted to almost $ 20 billion US.

Nine companies. Nine companies from Kyrgyzstan were presented at the exhibition of food and beverages "InterFood Siberia2017" in Russia. According to data of the Ministry of Economy of the Kyrgyz Republic, from November 8 to 10 these companies presented their products at this exhibition. Among the participants from Kyrgyzstan were: Ak Zhalga JSC , Golden Ore LLC, Farmers Organic Garden LLC, Agroelita, Kidik LLC, At-Bashi Sut LLC, Zhanar and Beck LLC, LLC ProdImpeX, Erfrut.

Participation in the exhibition was organized by the State Agency for Promotion of Investment and Export of the Kyrgyz Republic with the support of the UNDP’s Trade Facilitation project financed by the Government of Finland. In addition to exhibiting products, the companies took part in meetings with federal trade networks (Magnit, Lenta, Ashan, etc.) and Siberian trading networks (Holiday, Bystronom, Sibirsky Gigant and others. ).

Representatives of Russian partners expressed greatest interest in dairy products: Dutch cheese, chechil cheese (pigtail).

Strengthening ties. The signing of export-import agreements, as well as the agreement on the establishment of a joint venture for the production of travertine between Uzbekistan and Kyrgyzstan was held in Tashkent with the participation of Director of the State Agency for Promotion of Investments and Export under the Ministry of Economy of the Kyrgyz Republic, Alymbek Orozbekov, within the framework of Kyrgyz Prime Minister Sapar Isakov’s official visit.

The Uzbek side represented by Artel LLC organized a visit to the plant for the production of household appliances. The Kyrgyz side was offered cooperation in supplying household appliances. Then, negotiations were held with the representatives of the company "Trest 12", which is interested in buying travertine and white marble.

As a result of the visit, 2 agreements, 4 export-import contracts were signed, as well as 1 agreement on the creation of a joint venture for the production of travertine.

Fuel is enough. The reserves of fuel and lubricants in Kyrgyzstan will be enough to cover the needs for the coming months, the State Committee for Industry, Energy and Subsoil Use of the Kyrgyz Republic said.

The statement was made in response to the words of deputy of the Parliament Iskhak Pirmatov, that the fuel in Kyrgyzstan will last only two weeks. He said that "from October 12-13, no car can enter or leave Kyrgyzstan. We have fuel reserves for a week or two. If we import with the duty, then gasoline will rise in price. Association of oil traders and the government do not give information. Everyone pretends that nothing happens. "

According to data of the State Committee on Energy, as of November 9, 2017, the volume of petroleum products is 43 thousand 412 tons. Gasoline 24 thousand 709 tons, diesel fuel 18 thousand 703 tons. In addition, there is fuel declared by the companies-suppliers.

In addition, the refinery Junda has large reserves of raw materials for petroleum products, gasoline and diesel fuel, as well as semi-finished products.

At the moment, the State Committee for Industry, Energy and Subsoil Use holds negotiations with the Ministry of Energy of Russia on the uninterrupted supply of fuel to the territory of the Kyrgyz Republic.

At the same time, it should be noted that the available fuel volumes are sufficient to cover the needs of Kyrgyzstan in the coming months, the State Committee considers.

Slowed down, but growing. GDP volume in Kyrgyzstan in January-October 2017, according to preliminary estimates, amounted to over 382.6 billion soms and increased by 3.9% compared to the same period of last year, the National Bank of the Kyrgyz Republic announced this week. The growth of GDP was provided by increasing the volume of industry, construction, agriculture, as well as the development of services.

The largest share in the structure of GDP came to the service industry, which accounted for 48% of the total volume of this macroeconomic indicator. The share of industry was over 18%, agriculture - about 16%, construction - 7%.

Without taking into account the enterprises for the development of the Kumtor field, the volume of GDP in January-October of this year made about 346.2 billion soms and increased by 3.5%.

Prices slightly increased. In Kyrgyzstan, consumer prices and tariffs rose by 0.7% in October. According to data of the National Bank of the Kyrgyz Republic, the prices for non-food products increased by 1.4%, food and non-alcoholic beverages - 0.6%. At the same time, a significant increase in prices was observed for potatoes - 6.5%, for fresh fruits - 4%, for eggs - 2.9%, for beef - 2.6%, milk and dairy products - 1.8%. Of non-food products, the increase in prices affected coal by 9.3%, liquefied gas - by 3.6% and cement - by 3.4%.

Trade with the EEU. The volume of mutual trade of Kyrgyzstan with the countries-participants of the Eurasian Economic Union for the past 9 months of 2017 amounted to $ 1 billion 708.3 million and compared to the figures for the same period of the last year increased by 11.6%. According to data of the National Statistics Committee of the Kyrgyz Republic, these figures indicate the growth of exports of goods from Kyrgyzstan to the market of the EEU by 32.2%, and the volume of imports from the member countries of the Union grew by 5.8%.

In the export of goods to the market of the EEU, the largest share is occupied by ores and concentrates of precious metals, accounting for 18.8% of the total. Further, clothes - 17.6%, footwear - 10.8%, dairy products - 6.7%, dried fruits - 4.7%, parts and accessories for cars and tractors - 4%, and polished glass - 3, 5%.

The largest share of Kyrgyzstan's mutual trade among EEU countries is Russia, and the volume of this indicator is 57.7%.

Tue, 14 Nov 2017 21:28:14 +0600
Economic Week of Kyrgyzstan – Oct. 30 – Nov. 4, 2017 Situation and the public. The situation on the Kyrgyz-Kazakh border is increasingly beginning to worry the public of the two countries. Kyrgyz Prime Minister Sapar Isakov during the meeting of the Heads of Government of the CIS states in Tashkent said that there appeared facts of detention and inspection of railway cars coming from third countries to Kyrgyzstan under seals and under international trade agreements.

"Thus, entrepreneurs of Kyrgyzstan receive notifications from the Committee of State Revenues of Kazakhstan to come to Kazakhstan to conduct: a quotation “thorough (full) customs examination” of goods - transit cargo from Europe. Or, all the goods that have been sent to the Kyrgyz Republic have become smuggled in night? " said Isakov.

Isakov said that it is already obvious that such unreasonable actions of the competent authorities of Kazakhstan are used not only for Kyrgyz carriers, but also for businessmen of other states following the transit to Kyrgyzstan.

He said that the creation of artificial barriers leads to significant time and financial costs for entrepreneurs and contradicts the basic principles of integration.

Isakov also said: "can we call the contraband 20% of cargoes with agricultural products (potatoes, onions, plums, grapes) grown in Kyrgyzstan".

"Or the dairy products supplied to the markets of Kazakhstan from enterprises in the unified register of the Eurasian Economic Union. Or maybe the transit of 80% of cargo to the Russian Federation is also smuggling?!," said Isakov.

Not only state bodies, but also public organizations start to raise the question "Why are the remaining states-participants of the Eurasian Economic Union understanding the situation on the Kyrgyz-Kazakh border are silent?". In particular, the head of the Public Association "Koomduk Jashtar Keneshi" Erlan Juzupov stated about this to the Kyrgyz press.

"This economic conflict on the border causes great damage to ordinary citizens who are engaged in entrepreneurship. They spend a lot of time at the checkpoint and cannot cross the border to sell their goods, and, accordingly, these are big losses," he said.

Commenting on the words of the head of Russia's Trade and Industry Chamber that the current situation on the Kyrgyz-Kazakhstan border is a problem between the two countries, Juzupov asked "then it is not clear why they created this economic alliance?"

Meanwhile, the consequences of the crisis started to affect. Entrepreneurs, stuck on the Kyrgyz-Kazakh border, lose about $ 23.5 thousand a day. Minister of Economy of Kyrgyzstan Artem Novikov said this at a government meeting.

He said that the drivers were asked in order to establish the volume of cargo and damage. A total of 349 drivers were interviewed.

"The situation is this: every day 349 trucks lose about $ 23.5 thousand. At the same time, diesel fuel costs $ 8.6 thousand, for food - $ 5.13 thousand, fines for late delivery of goods – $9.9 thousand. It is worth noting that one tuck crosses the border 5-6 days," he said. In total the amount of losses for 5-6 days are about $180 thousand.

The entrepreneurs of Kyrgyzstan propose the Eurasian Economic Commission and the World Trade Organization to create special groups to give an independent assessment of the situation on the Kyrgyz-Kazakh border.

Measures of the Government. Prime Minister Sapar Isakov, who made several attempts to resolve the issue on the border with his counterpart from Kazakhstan, signed a resolution on measures of state support for the entities affected by the current situation on the Kyrgyz-Kazakh border.

According to the adopted document, the situation on the Kyrgyz-Kazakh border is recognized as force majeure, and therefore a commission is created that will determine the amount of damage until December 1, 2017. Further, the list of affected subjects will be approved.

The State Tax Service of the Kyrgyz Republic will postpone the payment of the tax debt of the victims as of November 1, without penalties and interest charges. A similar delay should be provided by the Social Fund. Customs payments also will be delayed for three years.

The resolution also provides for the allocation of soft loans under the project "Financing of Agriculture-5" as a matter of priority to the victims due to the situation on the Kyrgyz-Kazakh border.

The credit payment period for entities affected by the current situation in 2017 will be up to 60 months with a grace period for the principal amount of up to 24 months.

The auto race to China. A pilot international auto race was launched in Tashkent, on the route Tashkent-Andijan-Osh-Irkeshtam-Kashgar. Minister of Transport and Roads of the Kyrgyz Republic Zhamshitbek Kalilov, Minister of Foreign Trade of Uzbekistan Elyor Ganiev and Chief Inspector of Security of the Ministry of Transport of China Cheng Pin took part in the opening ceremony of the auto race.

The parties noted that this pilot race will raise the relations of Kyrgyzstan, Uzbekistan and China in the field of transport cooperation to a new level.

Earlier, the authorities of Kyrgyzstan and Uzbekistan have already considered the possibility of opening the Andizhan-Osh-Kashgar highway, aimed at developing trade and economic cooperation.

Growth in spite of obstacles. For 9 months of 2017, Kyrgyzstan's GDP grew by 5%. According to data of Minister of Economy of the Kyrgyz Republic Artem Novikov, for the same period of 2016 this figure was 1.5%.

Novikov said that by the end of 2017, the economy is expected to grow at a level of 3.6%, inflation will be about 5.7%.

"The actual growth of the economy today is more than expected by 0.8%. This indicator is the highest among the countries of the EEU. In Russia, the economy grew by 2.2%, Kazakhstan - 4.3%," he added.

The Minister of Economy in his report noted that there is an increase in industry in all regions of the country at the level of 7.9%, except Naryn oblast. There is a decline of 0.2%.

"In the construction sector there is a failure to meet the forecast. Remittances to Kyrgyzstan increased by 26.3% in 9 months," he said.

"Economic growth is ensured by all sectors of the economy, where the industrial sector was the main driver of growth, in agriculture, volumes increased by 0.8%, construction - by 5.2%, industry - by 21.2%, services - by 0, 8%," Novikov said.

Products in the scrap. Utilization of Kyrgyz products in Kazakhstan is connected with non-compliance with technical regulations of the Eurasian Economic Union, said Sergei Ponomarev, president of the Association of Markets, Enterprises and Service Spheres, at a roundtable. He said that the goods of enterprises that did not pass accreditation were destroyed.

"These companies did not receive documents as part of the work at the EEU. Moreover, in August 2017, new technical regulations entered into force. And these regulations are regulators that are responsible for the safety of consumption. In this regard, Kazakhstan has taken tough measures. In my opinion, it was not worth to utilize. In some countries, such goods are given to orphanages and nursing homes," he explained.

Deputy director of the State Inspectorate for Veterinary and Phytosanitary Security, Amangeldi Isayev, said that Kazakhstan had indeed explained its actions to utilize y Kyrgyz goods by the fact that they are not in the register.

This week the Veterinary Control and Supervision Committee of the Ministry of Agriculture of Kazakhstan destroyed over 100 kg of cheeses from Kyrgyzstan.

Astana explained its actions by the fact that suppliers did not present veterinary documents that prove the safety of the goods. The date of manufacture and the date of expiration were not indicated on the cheeses. In addition, the names of producers were not on the list of enterprises that can supply their products to Kazakhstan.

Care or answer? Kyrgyzstan banned the import and use of unenriched flour from Kazakhstan. According to Kazakhstani sources, Kazakhstan will not lose from this. Last year the country supplied Kyrgyzstan with more than 27 thousand tons of flour. This is about 1% of the total export volume.

Recall, in September, Kyrgyzstan banned the sale of Kazakh unenriched flour due to unimpeded importation after entering the EEU. Kazakhstani agrarians offered to enrich the products at flour mills in Kyrgyzstan, but such a proposal was rejected.

Third countries. Kazakhstan stopped passing raw materials from third countries to Kyrgyzstan, which negatively affects the work of domestic enterprises. Minister of Economy of the Kyrgyz Republic, Artem Novikov said that, written notifications were received from Kazakhstan that wagons with raw materials from third countries are being intensively inspected by the Kazakh side.

"This seriously affects the production potential. We will study the situation," he said.

He said that the current situation, when Kazakhstan stopped supplying raw materials to Kyrgyzstan and delaying the cargo going through its territory from third countries, is not determined by anything.

"Today, there are difficulties with the supply of coal from Kazakhstan. We cannot say directly that this is connected with the situation on the Kyrgyz-Kazakh border. But last year in the same period there were no problems with the supply of coal and raw materials from Kazakhstan, "Novikov said, adding that there are no problems with the grain and flour.

In turn, Deputy Minister of Economy Daniyar Imanaliev said that Kyrgyzstan has the opportunity to apply to the Eurasian court. But for this it is necessary to pass the procedure for considering the issue in the Eurasian Economic Commission.

Kabar News Agency

Mon, 06 Nov 2017 22:13:04 +0600
First interview of Kyrgyz President-elect: I will do everything to justify people's trust The Central Election Commission of Kyrgyzstan announced official results of the presidential elections in the Kyrgyz Republic. Kabar Agency, taking the opportunity, immediately applied for the interview, the President-elect kindly agreed to answer the questions.

- Sooronbai Sharipovich, the Central Election Commission officially presented the final results of the presidential elections in the Kyrgyz Republic. You are officially declared the winner of the election. What do you feel?

- Undoubtedly, this feeling of tremendous responsibility for the country and for the trust of people of Kyrgyzstan to me!

This is a big burden, and I feel it, may be said, physically. Together with our whole team, together with all the people I will do everything to justify the people's trust, so that no one citizen regret that he voted for me! And that all the citizens who voted for other candidates believe in me and our team.

- What will be your first actions as president of the Kyrgyz Republic?

- First of all I thank the Kyrgyz people. Our people once again showed their maturity. Not everyone believed that democratic, fair and transparent elections will be held in Kyrgyzstan, but they took place. This is the great merit of President Almazbek Atambayev, for which I thank him.

I express my gratitude to all members of my team in Bishkek and in regions, agitators, members of election commissions. I thank the public and international observers. I would also like to thank other presidential candidates who honestly fought and made the elections democratic and competitive. I believe that my victory is a common victory for the whole of Kyrgyzstan.

We have a lot of work ahead. My first steps as president of the Kyrgyz Republic will be the steps that underline the continuity of the course of Almazbek Atambayev and the determination to continue reforms.

The president has many responsibilities and powers under the Constitution. No one, except the head of state, can perform the functions of coordinating the interaction of branches of state power without compromising their independence. First of all, we are talking about guarantees of following strategic directions in the development of Kyrgyzstan.

- International observers gave their assessment. In your opinion, did the elections by using biometric data justify itself?

- The people of Kyrgyzstan accepted the results of the elections. And this is the main answer to your question. Of course, the elections based on biometric data justified itself. Moreover, the current presidential elections were the third one, which were conducted in Kyrgyzstan by using biometric data. By using biometrics, we successfully held the parliamentary elections of 2015, elections to local councils in 2016 and presidential elections in 2017.

And I can say with confidence that every time holding elections with the help of biometric data provides more transparency of elections and this system has fully justified itself.

International observers praised the presidential elections. For example, the OSCE Election Observation Mission stated that the elections had contributed to ensuring democratic processes in Kyrgyzstan, were competitive, and voters had a wide choice. In addition, I can cite as an example the statement of the CIS observers, who noted that the presidential elections in Kyrgyzstan were held at a high level, fully in line with the legislation and international norms, were open, competitive and transparent.

This is the result of the tremendous work done by us headed by President of Kyrgyzstan Almazbek Atambayev in order to establish a system in the country that ensured honest and open elections.

- What will be the working schedule of the future president of Kyrgyzstan, and what do you do in your spare time?

Since I was a kid I used to work hard. The working day begins early in the morning, ends late at night. And one can’t change this approach is me. If I have a free time, I usually do long walks, reading books. In my young age, I was seriously fond of playing volleyball, in my free time I can sometimes play a ball.

For the presidency I came with a firm determination to implement all my election promises, to continue the reforms that have been started, to strengthen all that the country has achieved in recent years. And I am ready to devote all my strength, experience, knowledge and time to serving the people and the country.

Kyrgyzstan should become one of the most successful countries in the region, we have all the opportunities for this. We already have a good foundation. We, the Kyrgyz, must be united. We should be honest in everything - in politics, in life, in work. We must work hard and achieve success, each in his own sector. And then we will succeed.

Interviewed by Ulan Choibekov,

deputy director of Kabar News Agency

Mon, 30 Oct 2017 21:56:34 +0600
Economic Week of Kyrgyzstan – Oct. 23-28, 2017 Verbal money. This week the Kyrgyz Parliament’s committee on budget and finance supported the bill of the Government on denunciation of the agreement with Kazakhstan on providing Kyrgyzstan the aid in the amount of $ 100 million. The financial aid was to be provided by Kazakhstan to Kyrgyzstan as part of the republic's accession to the Eurasian Economic Union (EEU). The process of providing assistance has dragged on since 2010, but funds have not yet been received under various pretexts.

"It was originally the financial assistance. I became a MP in 2010 and since then this issue has been discussing. Then it was decided to make it as technical assistance within the framework of Kyrgyzstan's accession to the EEU. When I asked our government what kind of assistance would be provided by Kazakhstan, that is, no one gave me an answer. And it was already clear that there would not be any aid," said member of the Parliament Dastan Bekeshov.

Kazakhstan agreed to render aid to Kyrgyzstan in the amount of $ 100 million to integrate the country into the EEU. In March of this year, during the meeting of the heads of government of the EEU, Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev told readiness to transfer the first tranche of funds in the amount of $ 41 million. However, Kazakhstan did not transfer this money.

Turn to Uzbekistan. The Ministry of Economy of the Kyrgyz Republic and the Ministry of Foreign Trade of Uzbekistan signed a protocol on intensification of cooperation. The document was signed during the meeting of Minister of Economy of the Kyrgyz Republic Artem Novikov and Deputy Minister of Foreign Trade of Uzbekistan Sahib Saifnazarov in Bishkek. The protocol was signed taking into account the importance of implementing joint projects in the priority areas of the economies of the two countries, as well as in order to implement the agreements reached on building partnership and increasing mutual trade.

The parties noted that to implement projects to organize the industrial assembly of buses and cars, it is necessary to work out a special tax regime or alternative support mechanism, as well as prepare a forecasted demand for vehicles with specification of technical characteristics.

The choise is stark. Prime Minister of the Kyrgyz Republic Sapar Isakov raised the issue on the current situation on the Kyrgyz-Kazakh border at the enlarged meeting of the EEU Intergovernmental Council in Yerevan.

He said that that there are problems on the Kyrgyz-Kazakh border, although some of them were dropped. "But the question is, should there be these problems and are they in line with the spirit of our partnership and the treaties that we signed? No, they do not. Today, only one unsolved problem has remained in bilateral relations. You know that on October 10, 2017, in the Kyrgyz-Kazakh and Russian-Kazakhstan sectors of the border, Kazakhstan tightened the border control for vehicles from Kyrgyzstan. And for today, unfortunately, this issue is not solved. And we would like to hope that our friends will solve this problem," said Isakov.

The head of the Kyrgyz government said that the contractual base of the EEU gives every reason to say that vehicles loaded with goods should not be idle at the border. Isakov reminded that the principles of the EEU allow free movement of goods, capital, people, etc.

"We would like to draw attention to this. We believe that Kazakhstan will solve all existing problems," he added.

The Astana agreement of the two countries’ heads of the governments on the creation of a joint "road map" for border crossing was implemented. However, the agreement consisting of 48 items was not signed in Yerevan, and the Kazakh side put forward new accusations against Kyrgyzstan. This time the Kazakh side is accusing of "gray flows" of cargo across the border. The answer of the Kyrgyz side showed that similar schemes are available both in Kazakhstan and in other countries. Until now, Astana has not taken this into account. The government of Kyrgyzstan then stated that Kazakhstan's actions on the border with Kyrgyzstan have already led to the loss of more than $ 1 billion for the entire EEU, since commodity producers cannot deliver their products, and recipients suffer losses due to delays in goods. While there is no way to solve the crisis and, some observers said that, the crisis leads to the loss of the image of the EEU and gradually it grows, indirectly, into a political conflict. There are fears that this crisis is unlikely to be resolved till newly elected President of Kyrgyzstan will meet with Kazakhstan leader face to face. Meanwhile, trucks with goods on the Kyrgyz-Kazakh border are forced to stand idle for more than 11 hours.

Experts understand. Kyrgyzstan and Kazakhstan understand the need for cooperation, so now the situation on the Kyrgyz-Kazakh border should not be politicized. This is the opinion of Ayan Yerenov, the head of Kazakhstan's Foreign Trade Chamber.

In his opinion, in the long term the issue on the border of two neighboring countries will be resolved.

"We, as entrepreneurs, proceed from a constructive dialogue. Today we do not see any big problems. Yes, there are cases of difficulty. But in our understanding, trade will be developed, because we have good relations with Kyrgyzstan, "he said.

The head of the Foreign Trade Chamber of Kazakhstan said that the situation at the border had no effect on food prices in Kazakhstan.

"The entrepreneurs of Kazakhstan have not yet addressed concerning this situation. We have normal relations with Kyrgyzstan," he assured.

Yerenov’s Russian colleague told the same. "I hope that the situation on the Kyrgyz-Kazakh border is temporary," said Sergei Katyrin, president of the Russian Chamber of Commerce and Industry.

He also expressed hope that the politicians of the two countries will find an opportunity to resolve the current situation.

And again Megacom. Negotiations on the sale of Alfa Telecom CJSC (MegaCom) with Russian citizen Elena Nagornaya is still underway. Chairman of the State Property Foundation of Kyrgyzstan Bolsunbek Kazakov said that at the moment the audit is underway and lawyers are working on the analysis, as the buyer wants to insure the deal in Switzerland. This is due to the fact that the insurance company claim an audit report.

Kazakov said that before the conclusion of the contract, Elena Nagornaya, who is a potential buyer, should open a bank account in Kyrgyzstan and present a certificate from there that the money is available there.

In September this year, a Russian citizen Elena Nagornaya announced that she is ready to buy Alfa Telecom.

Korean lottery business. The tender for the implementation of services for lottery tickets in Kyrgyzstan was won by a Korean company. Three companies took part in the tender: Kyrgyzstan’s Astra Club Ltd., the Serbian Elbetd.o.o., and the Korean JSC Nanum Lotto. The winner is the Korean company Nanum LottoCo., Ltd.

It is important to note that Astra-Club LLC and Elbetd.o.o. (Serbia) were rejected as they did not meet the established requirements. They did not provide some required documents, other required conditions were not fully implemented or did not comply with the legislation of the Kyrgyz Republic.

Nanum Lotto Co., Ltd has been involved in lottery activities for 10 years and is the main operator of the state lottery of the Republic of Korea, a member of the World Lottery Association (WLA) and the Asian Lottery Association (APLA), has the highest level of WLA Level 4 on creating a healthy culture of doing lottery business, holder of international certificates ISO 9001 and 27001.

Foreign trade. Currently Kyrgyzstan has the largest commodity turnover with Russia, Kazakhstan and Uzbekistan. According to data of Deputy Economy Minister Eldar Abakirov, trade with the CIS countries makes 46%. At the same time, the lion's share belongs to Russia. However, due to the improvement of relations between Kyrgyzstan and Uzbekistan, the volume of trade between the two countries is growing rapidly.

Kabar News Agency

Sun, 29 Oct 2017 13:45:49 +0600
Economic Week of Kyrgyzstan – Oct.2-8, 2017 Export of sewing products to Europe. In September, the sewing enterprises of Kyrgyzstan for the first time took part in the exhibition of garment manufacturers in Paris (Apparel Sourcing Paris). The exhibition is one of the biggest events in the textile and clothing industry of the world.

Representatives of 14 sewing enterprises from Kyrgyzstan were able to meet with experts of retail chains in Europe and receive first-hand information about the European garment industry and global competition among garment manufacturers. During the exhibition, the delegation from Kyrgyzstan held talks on possible cooperation with more than 50 potential customers.

Preferential credit. Kyrgyz exporters will start receive soft loans. According to data of the Ministry of Finance of the Kyrgyz Republic, as of today, agreements have been concluded with 8 commercial banks, and negotiations with representatives of the ninth bank are under way. By the decision of the Government of the Kyrgyz Republic, the Ministry will start to provide financial resources this month.

The preferential lending program is primarily aimed at supporting domestic exporters. Under the program, enterprises of the country working for export will receive preferential loans.

Feedback. An automated feedback mechanism has been launched in Kyrgyzstan, which allows receiving and processing feedback from entrepreneurs on on-line inspections. The project is being implemented by the Ministry of Economy of the Kyrgyz Republic jointly with the International Finance Corporation (IFC) on improving the investment climate in Kyrgyzstan, jointly by the state control bodies.

Support to business is particularly important within the implementation of the high-tech Taza Koom program. One of the main objectives of the Program is to build an open and transparent state with the use of modern digital technologies, which requires improving the conditions for doing business.

In order to improve the investment climate, an automated feedback mechanism has been developed in the Kyrgyz Republic, which serves as an instrument for interaction between the business community and state short-term bonds, which is available at

A fruitful forum. Within the framework of the state visit of President Almazbek Atambayev to Uzbekistan in Tashkent, a business forum was held with the participation of representatives of business circles of Kyrgyzstan and Uzbekistan. As a result, businessmen of the two countries signed contracts worth $ 200 million. The Ministry of Economy of the Kyrgyz Republic believes that the potential of bilateral trade and economic relations can quickly reach the level of $ 500 million in the coming year.

As a result of bilateral political agreements in Tashkent, Kyrgyzstan and Uzbekistan signed an agreement on the opening of cargo transportation along the route Tashkent - Andijan - Osh - Kashgar.

The opening of such a direction is expected to create good conditions for trade between Kyrgyzstan, Uzbekistan and China.

In total, 18 agreements, a declaration and memorandums on strategic partnership, strengthening of trust, good-neighborliness and friendship between the two countries were signed in Tashkent between Kyrgyzstan and Uzbekistan.

President Atambayev's visit to Uzbekistan took place on October 5-6. A month earlier, Uzbek President Shavkat Mirziyoyev visited Kyrgyzstan for a state visit, which opened a wide road for the establishment and expansion of bilateral political, trade, economic and cultural ties between the two countries.

Kabar News Agency

Mon, 09 Oct 2017 12:05:29 +0600
Kyrgyzstan's economic week Sept. 18-22, 2017 Unfortunate cascade of HPPs. This week Kyrgyzstan officially announced that it unilaterally terminates the agreement with the Czech company Liglass Trading on the construction of the Upper-Naryn cascade of hydro power plants (HPPs). During the working meeting of the Government of the Kyrgyz Republic Vice Prime Minister Duishonbek Zilaliyev reported that the Czech company sent an official letter with a request to postpone the payment of $ 37 million according to the contract.

Vice Prime Minister Duishenbek Zilaliyev reported that the Czech company sent an official letter with a request to postpone the payment of $ 37 million under the contract.

"We came to a common opinion that there are no legal opportunities in accordance with the legislation and the agreement. We came to the opinion that the agreement should be terminated unilaterally," Zilaliyev said.

Prime Minister of the Kyrgyz Republic Sapar Isakov instructed to begin all procedures for termination of the contract unilaterally.

The Czech company was quick with response - they distributed a statement signed by director of the company Michael Smelik, which says: Liglass has not yet paid out $ 37 million to the Kyrgyz side, and explained it in several ways. Liglass believes that the Government of the Kyrgyz Republic was to return a guarantee fee of $ 1 million 147 thousand till August 11, but did not do that. Liglass also stated that the Government of the Kyrgyz Republic misled the company, as the Czech side was not informed about the transfer of 50% of the shares of the Upper-Naryn HPP was not coordinated with RusHydro. Thus, the Czechs made it clear that they are not going to give easily the fee paid during the tender. Experts said that an international court is awaiting Kyrgyzstan.

Tax collection. In January-August of 2017, the State Tax Service of the Kyrgyz Republic collected 45.8 billion soms of taxes and payments. The established plan was fulfilled by 100.1%, or exceeded by 52.4 million soms.

Stable GDP growth. For the first half of 2017, the country's GDP grew by 6.7%, while the volume of exports increased by 30%. According to data of the Chamber of Commerce and Industry of the Kyrgyz Republic, in 2016 the country's GDP grew by 3.8%, while exports grew by 17%. Experts explain the sustainable growth of Kyrgyzstan's GDP for several reasons. First, Kyrgyzstan's accession to the Eurasian Economic Union enabled to increase the volume and variety of exports, and secondly, the stable situation in the country created conditions for the confident work of entrepreneurs and business people; the third, the increase in monetary receipts from migrants positively affects the economy and social life of the country.

Following the results of 7 months of 2017, the growth of exports from Kyrgyzstan amounted to 27.1%, and to the EEU countries - 32.7%. According to the Minister of Economy of the Kyrgyz Republic, Artem Novikov, the development of the country's export potential is an important source of balanced economic growth.

"According to the results of 7 months of 2017, the growth of exports made 27.1%, and to the countries of the Eurasian Economic Union - 32.7%. This once again shows that domestic business has gradually begun to develop foreign markets and take advantage of the Eurasian economic integration," the minister said.

Tourists go to Bishkek. The capital of Kyrgyzstan entered the top 10 cities of the CIS for travelling in the autumn of 2017. The rating of cities was made up by TurStat analytical agency. Such cities of the CIS as Minsk, Astana, Baku, Yerevan, Almaty, Tashkent, Ashgabat, Kiev, Chisinau and Bishkek are the top ten most popular tourist cities of CIS in the autumn of this year.

The rating is based on the results of the analysis of the data of online booking systems for accommodation facilities for tourists.

Ambitions of the Government of the Kyrgyz Republic. By 2040, the GDP per capita in Kyrgyzstan should be $ 5 thousand. Such a statement was made by Prime Minister of the Kyrgyz Republic Sapar Isakov at a meeting of the Business Development and Investment Council under the Government of the Kyrgyz Republic. According to him, such goals are facing Kyrgyzstan in the framework of the National Sustainable Development Strategy.

Kabar News Agency

Mon, 25 Sep 2017 09:42:16 +0600
Kyrgyzstan's economic week Sept 11-15, 2017 Valuable income. 8 months of 2017, the budget of Kyrgyzstan received more than 10 billion soms from issuing state securities. According to data of the Ministry of Finance of Kyrgyzstan, for the period from January to August of this year, from the issue of state treasury bills (STB) and government short-term bonds (T-bills), the budget received 10.3 billion soms.

GDP is growing. The volume of gross domestic product in the period from January to August 2017 exceeded 282 billion soms. According to data of the National Statistics Committee of the Kyrgyz Republic, this is by 6% more than in the same period last year. The indicators of Kyrgyzstan, which led to GDP increase are due to the ramification and development of the industrial sector of the country. The growth in GDP was affected by the growth in production in the industrial and construction sectors. The largest share in the structure of GDP fell to the service provision industries, which accounted for 50% of the total. The share of the industry was about 20%, agriculture - 12% and construction - about 7%.

The growth in the volume of industrial output in the period from January to August 2017 was provided by increasing the extraction of metal ores, the production of basic metals, the production of rubber and plastic products, other non-metallic mineral products, food products, refined petroleum products, clothing and providing the country with electricity, gas, steam and air conditioning.

Trade turnover. On the results of January-July 2017, the volume of foreign trade in Kyrgyzstan amounted to $ 3 billion 340 million, which is 13.4% higher than the same period of last year. According to data of the National Statistics Committee of the Kyrgyz Republic, for the first half of 2017, the volume of exports increased by 27.1% and amounted to $ 950.5 million and the import increased by 8.7% making $ 2 billion 390.1 million.

This result was achieved due to an increase in exports of dairy products by 3.4 times, glass by 2.3 times, dried fruits by 2.3 times. At the same time, in Kyrgyzstan there was a decrease in the export of vehicles by 8%.

The increase in imports was due to an increase in imports of wood and wood products by 2.6 times, pharmaceutical products by 36.1%, knitwear by 24.7%, products made of ferrous metals by 18.7%, electric machines and equipment by 10.3%.

At the same time, the import of land vehicles decreased by 27.3%, sugar and sugar products - by 23%.

According to data of the National Statistics Committee, the volume of mutual trade with the Eurasian Economic Union (EEU) countries in January-June 2017 amounted to $ 1.3 billion, an increase made 14.7% compared to the figures for the previous year. At the same time, exports of goods to the EEU countries increased by 32.7%, and imports - by 9.8%.

Active population. The number of economically active population of Kyrgyzstan exceeds 2.5 million people with a total population of more than 6 million people. The National Statistics Committee states that the economically active population includes citizens over 15 years of age.

The bulk of the 2.5 million - 65% - live in rural areas. A significant part of this group - about 27% - are engaged in agriculture, about 16% - in trade, 12% in construction and about 9% in education.

The unemployment rate in Kyrgyzstan over the past five years has decreased from 8.4% in 2012 to 7.2% in 2016. At the same time, the level of employment in urban settlements is slightly lower than in rural areas (56.6% versus 57.3%), which is explained by the specificity of employment of the rural population.

Modernization of sugar plants. The modernization of the two sugar factories in Chui oblast will subsequently provide employment for more than 100,000 people. Such a number of people can be provided with work due to an increase in sugar beet processing. The Russian-Kyrgyz Development Fund approved earlier loans to two sugar factories for a total of $ 15.5 million, of which $ 5.5 million was allocated to the Kaindy plant and $ 10 million to the restoration of the Koshoi plant in Shopokov town. The financing of these two sugar refineries will allow the employment of about 100 thousand people in the future.

Fight against counterfeit. Social and political figures, civil servants, as well as heads of the largest enterprises of the EEU member states held this week in Bishkek the 5th Forum to discuss the issues of combating counterfeit products on the territory of the economic association.

Participants of the Forum said that in order to protect the EEU market, the member countries of the union need to act together by unifying the system for identifying and suppressing counterfeit products.

Working day of Prime Minister. Prime Minister Sapar Isakov at the end of the week toured the Chui oblast, during of which he visited both industrial facilities and social and cultural facilities. In particular, he visited Interglass, the glass sheet factory, located in the city of Tokmok. Isakov said that he was glad to see the updated plant.

The official representative of the plant, Leonid Popov, told the head of the government that in 2000-2002 the plant carried out repair and restoration works, modernized the main production and upgraded the enterprise. This allowed us to achieve effective indicators and bring production to a high level of quality of products.

Kabar NewsAgency

Mon, 18 Sep 2017 14:53:16 +0600
Kyrgyzstan's economic week Sept. 4-9, 2017 Kumtor for a good cause. "Ecological payments of Kumtor will be increased by 10 times and make $ 3 million," the newly-appointed Prime Minister of the Kyrgyz Republic Sapar Isakov said during his visit to Kumtor mine. Previously, it was reported that the Kyrgyz Government and Centerra Inc. will sign the corresponding document, which is the first step towards the settlement of the situation around Kumtor mine. "The Government of Kyrgyzstan is primarily interested in solving all environmental issues at the mine," Prime Minister Isakov said. He also added that the Government will direct new funds to solve certain environmental problems of Issyk-Kul Lake and Issyk-Kul oblast.

In addition, there is a reclamation fund of the company. The means of this fund now amount to $ 23 million. Now the company will transferred these funds to Kyrgyzstan. The Prime Minister said that, these funds will work for the Kyrgyz economy by a separate agreement, until the reclamation work is required.

It became known also that in the next 9 years this fund will be replenished up to $ 70 million and these funds will work for the economy of Kyrgyzstan.

In addition, after signing the Agreement with Kyrgyzstan, Centerra voluntarily made a decision to allocate the newly created fund $ 50 million. "And our Government has decided that these funds will be directed to construct waste treatment facilities around Issyk-Kul," Isakov said.

Proposal to Uzbekistan. Uzbek businessmen were invited to enter the markets of the Eurasian Economic Union (EEU) and the European Union through Kyrgyzstan. Minister of Economy of the Kyrgyz Republic Artem Novikov made such a proposal during the Kyrgyz-Uzbek business forum that took place in Bishkek during the historic visit of President of Uzbekistan Shavkat Mirziyoyev to Kyrgyzstan.

The newly-appointed Minister said that, the share of Uzbekistan in the structure of trade turnover of Kyrgyzstan is 4.4%, incl. in exports - 6.6%, imports - 3.6%. The countries intend to bring this year the volume of mutual trade to $ 200 million and in future up to $ 500 million. The leaders of the two countries set such a task.

Help with equipment. The farmers of the village of Kursu, Issyk-Kul oblast, who are engaged in the dairy sector received a milking equipment in the framework of the loan product of the Russian-Kyrgyz Development Fund (RKDF)"Financing of leasing operations through microfinance organizations".

The leasing operation was conducted by the micro-credit agency BT Innovations as part of an agreement with the RKDF, signed in late March 2017.

In Kyrgyzstan, there is a need to provide farmers with access to quality equipment for the production of high-quality milk. According to data of the National Statistics Committee, more than 1.5 million tons of milk is produced in the Kyrgyz Republic, of which only 4% is produced by large enterprises, the rest is produced by private small households that supply consumers with the milk of different quality.

Assistance. The Russian-Kyrgyz Development Fund increased the financing limit for Kaindy-Kant OJSC sugar plant by USD 1.5 million for purchase of additional equipment.

The equipment purchased by the plant - the diffusion apparatus - will increase the capacity of sugar production from 3,000 to 3,500 tons per day. The need to increase the processing capacity is due to a significant increase in the acreage of sugar beet in Kyrgyzstan in 2016-2017.

More than 3,500 farms supply raw materials to the upgraded plant. As a result of implementation of the project, the number of employed in the process of growing sugar beet will increase by 35 thousand people.

Gold from the mine. More than 21 kg of gold was mined at Solton-Sary mine for the first half of 2017, while the plan was 17.4 kg.

Kyrgyzaltyn informs that the extracted gold at the mine exceeded the forecasted figures by almost 21%. Compared with 2016, production at Solton-Sary mine was increased by 12 kg.

Since the beginning of 2017, the mine has increased its ore production, and in the first half of this year, 14.8 tons of ore were mined while the plan was 12.5 tons. This indicates the implementation of the original plan by 118.4%.

Such indicators were achieved due to the launch in June 2017 of the second line, which makes it possible to produce an additional 6 kg of gold per month.

Solton-Sary mine is one of the production branches of Kyrgyzaltyn OJSC and is located in Naryn oblast, 355 km far from Bishkek at an altitude of 3,500-3,600 meters above sea level. 157 employees work at the mine, and their average monthly salary is 21 thousand soms (about $300).

Electronic trade. Shanghai Xietong Group of China made a presentation on electronic commerce at the round table "How to develop electronic commerce in Kyrgyzstan" with the participation of representatives from the Ministry of Economy of the Kyrgyz Republic and the directorate of the Naryn Free Economic Zone.

The company is the largest in the field of providing logistics services, e-commerce, with a turnover of more than $ 500 million. It has the necessary channels for international e-commerce and cooperates with famous brands like Amazon, Alibaba, Aliexpress, Ebay, Wish.

As a result of the roundtable, the Memorandum of Cooperation was signed between the directorate of the Naryn FEZ and the Chinese company.

Kabar News Agency

Mon, 11 Sep 2017 10:34:00 +0600
Commentary: China’s role to bolster BRICS growth should be trusted By Paul Robert

The BRICS mechanism has been running for 10 years. Over the past decade, the cooperative mechanism grouping Brazil, Russia, India, China and South Africa has witnessed continuous growth, offering the world a more pragmatic solution to political and economic challenges.

After years of development, the cooperative mechanism has gone beyond the fields of economy and trade. Now, the five members have enhanced mutual understanding, achieved complementarity and win-win cooperation.

Their collaboration has reached governmental and social levels, as well as many spheres including politics, economy and culture.

On the education front, for instance, the BRICS University League and the BRICS Network University, two multilateral cooperative mechanisms, have promoted BRICS countries to jointly conduct research and cultivate talents.

They also provided a new platform for bilateral and multilateral dialogues, exchanges and collaboration, and offered advice and suggestions to solving common challenges that the bloc is faced with.

Over the past decade, the five countries’ economic share in the global GDP has increased from 12 to 23 percent, accounting for over 50 percent of world’s economic growth.

Among the five countries, China is the biggest contributor to the global growth. The country’s increasing economic aggregate has exerted great influence on other BRICS countries in trade, investment and other fields. Its economic success is benefiting all people and its rational and pragmatic way when dealing with international affairs has been connecting countries instead of alienating them like some other nations did.

The New Development Bank (NDB) initiated by the bloc can be called all-round innovation, as it has achieved institutional innovation by granting each member country the fair right to vote and develop. As an important tool for reforming global governance, the bank will help the member countries break the glass ceiling in the monetary and financial systems of the West.

As representatives of emerging markets and developing countries, the BRICS countries have been backing world multi-polarization and democratization of international relations. Increasing the voice of the BRICS countries was proposed at the first BRICS Summit in Russia in 2009.

I hope the BRICS Xiamen Summit will better deliver the voice of emerging markets and developing countries in global governance.

China has proposed to expand the “circle of friends” of the BRICS countries, which well reflects the inclusiveness and openness of the mechanism and is of innovative significance.

Against the rising tide of trade protectionism, the “BRICS Plus” could become a new model of integration in the global economy and offer an ideal platform for all developing countries to join in the integration campaign.

The BRICS mechanism could promote the interactions between developing and developed countries. In this respect, China is very experienced as the Belt and Road Initiative the country proposed has effectively linked developing and developed world.

The current world is faced with challenges such as anti-globalization trend, and those difficulties can to some extent propel the BRICS countries to better know their direction for development and explore new space for them to engage in global governance in a wider range.

I hope the Xiamen Summit will usher BRICS cooperation into the second “golden decade” and I believe China will play a more important role in the agenda of the bloc.

(The author is a professor at the BRICS Policy Center of the Catholic University of Rio de Janeiro, Rio, Brazil)

Source: People’s Daily

Wed, 30 Aug 2017 12:09:50 +0600