Collector coins devoted to III WNG. The National Bank of Kyrgyzstan issued silver and copper-nickel collector coins "Ulak tartysh" of "World Nomad Games" series and copper-nickel collection coin "The dwelling of Kyrgyz-yurt" of "The era of the Kyrgyz kaganate" series, chairman of the National Bank of the Kyrgyz Republic Tolkunbek Abdygulov told at a press conference at Kabar Agency.
The collector coin "Ulak tartysh" of the "World Nomad Games" series was released in order to revive and popularize ethnic sports and is dedicated to the Third World Nomad Games - 2018.
Budget for 2019. The Ministry of Finance of the Kyrgyz Republic has submitted a draft of the republican budget for 2019 and a forecast for the next two years.
The basis for the development of the forecast of economic indicators for the indicated periods was the analysis development for 2016-2018 and the plans laid down in the program of the Government of the Kyrgyz Republic "Unity. Confidence. Creation" for the period 2018-2022.
According to data of the Ministry of Finance, in 2019 real GDP growth rates will be 4%, after one year 4.4%, and in 2021 - 4.2%. Such indicators will be achieved due to the growth of economic indicators in the services sector (2019 - 3.6%, 2020 - 3.8%, 2021 - 3.9%), construction (2019 - 11.6%, 2020. - 8.7%, 2021 - 9.1%), agriculture (in 2019 - 2.7%, in 2020 - 3%, in 2021 - 3.3%), in industry (in 2019 - 2.3% , 2020 - 5%, 2021 - 3,2%).
Interest of the Japanese. President of the Chamber of Commerce and Industry (CCI) of the Kyrgyz Republic Marat Sharshekeyev, who visited Japan, is determined to intensify trade and economic cooperation with the countries of Central Asia. The Kyrgyz Republic became the first country from the region, which in the person of the head of the CCI of Kyrgyzstan received an invitation to get acquainted with the economic potential of Japan.
The visiting program of the president of the Chamber of Commerce and Industry in Japan was very rich. Meetings were held with representatives of the Ministry of Foreign Affairs of Japan, the Ambassador of the Kyrgyz Republic to Japan, the Chamber of Commerce and Industry of Tokyo, Osaka and the Association of Industrial Enterprises.
About gold reserves. Kyrgyzstan should use 7 gold deposits in subsequent years.
Ulan Ryskulov, the head of the State Committee for Industry and Subsoil Use of the Kyrgyz Republic, at the meeting of the Government of the Kyrgyz Republic said that there are 7 more gold deposits and they will be able to give about 250 tons of gold. “These deposits can be launched within the next three years. Thus, we will be able to give people jobs - about 3.5 thousand people in addition to the main benefits. Next year, we will launch Jeruy, there are about 100 tons of gold and 1,000 jobs there," he said.
Touching on Kumtor, he said that 95 tons of gold remained in its stock. "Soon it will be closed and Kyrgyzstan should try to avoid dependence
Growth will be ensured. Until the end of the year, the growth of the economy of Kyrgyzstan should be ensured by at least 102.8%, said Minister of Economy of the Kyrgyz Republic Oleg Pankratov at a meeting of the Government, which provided information on the implementation of the expected social and economic development indicators by the end of 2018.
He said that according to data of the National Statistics Committee of the Kyrgyz Republic for 7 months of 2018, the rate of real GDP growth was 99.8%.
"Without Kumtor, the real GDP growth rate was 102.2%. The growth rates of GDP were affected by geopolitical tensions and uncertainty in the stock market, including the decline in world trade, sanctions against the main strategic partner of Kyrgyzstan - the Russian Federation," the minister said.
Pankratov noted that the current situation of economic development is within the expected forecast values.
Ubiquitous growth ... Growth indicators are provided in virtually all sectors of the country's economy, said this week the Prime Minister of the Kyrgyz Republic Muhammadkal Abylgaziev. At the meeting of the Government, the implementation of the forecast indicators of the social and economic development of the republic for 2018 was reviewed.
He reminded that "the main directions, goals and priority tasks for ensuring sustainable development of the country have been defined before the Government. Within the framework of the Unity. Confidence. Creation ", the work will continue to maintain macroeconomic stability, improve the business environment and investment attractiveness, implement the new concept of regional development, fulfill the social obligations of the state, and ensure transparency and openness of the government."
The head of the government said that, based on the results of 7 months, the revenue part of the budget was provided for 57.2 billion soms, which is 8.6 billion soms more compared to the reporting period of 2017.
Bank concentrations. RSK Bank should concentrate on supporting export-oriented producers, while Aiyl Bank – on backing up agriculture, Prime Minister Mukhammedkaliy Abylgaziev told at a government meeting.
During the meeting the head of the government noted that the regular meeting of the country’s Government was held within measures for ensuring implementation of the National Sustainable Development Strategy for 2014-2018 and the President’s Decree On the Announcement of 2018 the Year of Regional Development.
“It is necessary to develop the country’s export potential through supporting domestic producers. That is why we are actively developing the system of issuing concessional loans, which is aimed at backing agriculture, export operations, industry modernization”, Abylgaziev said.
Investments. Foreign investments mainly go to Bishkek and Jalal-Abad oblast. Minister of Economy Oleg Pankratov at a governmental meeting said that the cash inflow in other regions is rather insignificant.
“Here it should be noted that the main credit source for our entrepreneurs is the Russian-Kyrgyz Development Fund. However, its capital cannot satisfy all needs, that is why it is necessary to take proper measures, including capitalization of state banks and define a specific direction for them”, Pankratov said.
National debt. To service the public debt of Kyrgyzstan, it is projected to spend 28 billion 327 million soms in 2019, 29 billion 379 million soms in 2020, and 36 billion 498.8 million soms in 2021. This is stated in the draft budget for 2019.
As of June 30, 2018, the state debt of the Kyrgyz Republic amounted to 300 billion 744.06 million soms, which is 4 billion 411.03 million US dollars. Including:
- 86.36% of the external debt - 259 billion 710.58 million soms (3 billion 809.19 million US dollars);
- 13.64% of the internal debt - 41 billion 33.49 million soms (601.84 million US dollars).
Trade with Uzbekistan. In January-July of 2018 trade between Kyrgyzstan and Uzbekistan increased by 48% and amounted to $ 215.7 million.
According to data of Ambassador of the Republic of Uzbekistan to the Kyrgyz Republic Komil Rashidov, in 2017 the mutual trade turnover amounted to $ 259 million.
"Despite the small growth, these indicators remain at a fairly modest level and are unbalanced, not corresponding to the potential of the economies of the two countries. We have all the opportunities and reserves to bring the volume of bilateral trade up to $ 500 million in the coming years. This will be achieved by expanding the supply of products in demand on the markets of the two countries," he said.
ADB’s assistance. Kyrgyz Finance Minister Adylbek Kasymaliev discussed plans of bilateral cooperation with the leadership of the Asian Development Bank (ADB.
Kyrgyz Minister met with Deputy Executive Director in the Board of Directors of ADB Mario di Mayo. Kasymaliev thanked the ADB team for providing invaluable assistance and fruitful cooperation and raised questions on the implementation of the budget support program for Kyrgyzstan. $ 30 million is provided in the budget for the next year under this program.
Money of investors. The volume of foreign direct investments in Kyrgyzstan for the first half of this year amounted to $ 247 million.
According to data of the National Statistics Committee of the Kyrgyz Republic, according to preliminary estimates, this indicator indicates a decrease in their volume by 33.2% compared to the same period last year. In their structure, a decrease in volumes was noted everywhere, with the exception of trade credits.
For example, the bulk of foreign direct investment (more than 84%) is directed to mining enterprises, processing industries, exploration, financial intermediation and insurance, as well as information and communications.
Kabar News Agency
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