The week of business Kyrgyzstan was quite eventful. It was announced that last year less than 1 million tons of fuel and lubricants were imported into the country, but at the same time, more than 1 million tons of crops were harvested. It was also announced that soon it will be necessary to present documents for the origin of the money when exporting or importing into the country. In general, the week showed that activity in the country is gaining momentum.
Import of fuels and lubricants. A total of 972.9 thousand tons of oil products were imported to Kyrgyzstan in 2019.
According to data of the Association of Oil Traders of the Kyrgyz Republic, 453.8 thousand tons of petrol and 519.1 thousand tons of diesel fuel were delivered.
Oil traders fully cover the republic’s needs for fuel and lubricants, thereby realizing their main task of providing Kyrgyzstan with oil products, while avoiding any shortage, according to the Association.
The main and only source of fuel and lubricants supplies to the republic is the Russian Federation.
“Due to the high level of cooperation between Kyrgyzstan and Russia, achieved and supported by the country's leadership, the supply of petroleum products is exempted from export duties. This form of support from the Russian side allows consumers of Kyrgyzstan to save significant amounts,” oil traders added.
Harvest per million. In 2019, more than 1 million tons of vegetables were harvested in Kyrgyzstan, which exceeded the same indicator of the previous year by 3.5%.
According to data of the National Statistics Committee, more than 240 thousand tons of tomatoes were harvested, or 7.1% more, carrots - about 182 thousand tons (3.2% more), cucumbers - 130 thousand tons, or 8.7% more. Garlic harvest volumes increased by almost 25%.
Along with this, cabbage harvested about 134 thousand tons, which is 9.1% less than the previous year, onions - more than 200 thousand tons, or 4.1% less.
Extra $ Million. The Russian-Kyrgyz Development Fund (RKDF) provided an additional 100 million soms to OJSC Guarantee Fund.
According to the press service of the RKDF, funds were provided in the framework of the decree of the President of the Kyrgyz Republic Sooronbay Jeenbekov on declaring 2020 the Year of Regional Development, Digitalization and Support of Children.
It is reported that at present the Fund has provided 400 million soms to issue guarantees to businesses in the regions.
Money of Kyrgyzaltyn. Kyrgyzaltyn OJSC in 2019 completely directed its efforts and resources to the successful implementation of the project for the rehabilitation and further development of the Makmalzoloto Combine.
“To date, a new joint venture has been created - Makmal Gold Company LLC in conjunction with Manson Group LLC on the following conditions: from the date of conclusion of the Agreement on joint activities between Kyrgyzaltyn OJSC and Manson Group LLC and their incorporation in May 2019, USD 2 million to the charter capital of the joint venture were credited to the joint venture.
GDP growth. According to the results of 2019, the gross domestic product of Kyrgyzstan in real terms increased by 4.5% against the forecasted indicator of 4.0%.
GDP growth was ensured by all sectors of the economy: growth is observed in the construction industry - 10.6%, in agriculture - 2.6%, in the services sector - 2.9%, in industry - 6.9%.
Nominal GDP amounted to KGS 590 billion. The reason for not reaching the forecast indicator for the nominal volume of GDP is the low level of the GDP deflator, which formed at the level of 99.2%.
Auction money. The budget of Kyrgyzstan received KGS 43 million 613.7 thousand from holding auctions for the right to use subsoil.
According to data of the State Committee for Industry, Energy and Subsoil Use of the Kyrgyz Republic, in 2019 the agency held 10 auctions. Thus, the republican budget received USD 627 thousand 535 or KGS 43 million 613.7 thousand.
Prove the origin. For the import or export of USD 100 thousand into the territory of the Customs Union, it is necessary to provide documents confirming their origin.
The statement of the State Customs Service of the Kyrgyz Republic released on Feb. 4, 2020 says that, according to the Decision of the Board of the Eurasian Economic Commission dated Aug. 6, 2019 No. 130 “On the provision of documents confirming the origin of cash and (or) monetary instruments”, it was found that the passenger customs declaration is accompanied by presenting of documents to confirm the origin of cash and (or) cash instruments, if their total amount for a single import into the customs territory of the EAEU or a export from the customs territory of the EAEU exceeds the amount equivalent to USD 100 thousand at the exchange rate applicable on the day the passenger customs declaration is submitted to the customs authority.
Digital currency. The National Bank of Kyrgyzstan plans to introduce a bill by the end of 2020, which will regulate and manage digital currencies.
According to the statements of the main regulator of the foreign exchange market, the position of the National Bank of the Kyrgyz Republic on digital currencies remains unchanged.
“We do not recommend investing in digital currencies, because it is a volatile market. In this regard, a citizen should be careful when investing in one or another digital currency,” the National Bank said.
At the same time, the head of the National Bank of the Kyrgyz Republic said that today the world around is changing and there are already transactions in digital currencies in Kyrgyzstan.
Kabar News Agency
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