The main part of the business week was held against the background of the state visit of President of Kyrgyzstan to Uzbekistan. Important events were associated with this visit - important agreements were signed between the two countries, including the opening of a joint fund, as well as bilateral agreements between state bodies of the countries. The government has assured that it will not allow a breakdown of the spring field work due to fuel and lubricants, as well as an increase in prices for basic products, the country's organizations are switching to electronic reporting. At the same time, it was announced that the country's GDP is declining, and the outflow of investments is still continuing.
In general, the business week turned out to be quite active, and government agencies are expressing their desire to support the country's business environment.
There will be no breakdown of spring field work. It was announced this week that the Government of the Kyrgyz Republic is taking all measures to provide spring field work with the required volume of diesel fuel for agricultural machinery.
According to Deputy Minister of Economy and Finance of Kyrgyzstan Daniyar Imanaliev, the State Material Reserves Fund will be under the Ministry of Emergency Situations of the Kyrgyz Republic.
“Work to increase the area under crops for strategically important socially significant food products is already under the auspices of the government apparatus, a number of meetings have been held where instructions were given to the Ministry of Agriculture to increase the volume and area under certain crops. These are oil, cereals, sugar beets. The purpose of these decisions is to ensure food security in the country,” the deputy minister said.
Electronic report. Important information for taxpayers released this week. Organizations of Kyrgyzstan will switch to mandatory electronic submission of tax returns from April 1, 2021 through the personal account of Salyk.kg.
In this regard, the State Tax Service of the Kyrgyz Republic calls on organizations to get access to the personal account of Salyk.kg in advance, without leaving it for the last day.
To do this, it is enough to fill out an application for granting / restoring access to the information system on the Salyk.kg website, print it and take it to the tax authority at the place of registration.
Restrain growth. This week, in connection with the rise in prices for fuels and lubricants, it was announced that the Kyrgyz Government is working within the framework of bilateral relations with Russia on the transition to a unified currency for export-import operations.
0,,
Deputy Minister of Economy and Finance of Kyrgyzstan Daniar Imanaliev noted that a ban was introduced in the country on the export of fuels and lubricants and oil outside Kyrgyzstan in order to ensure sufficient saturation of the domestic market with these goods. “We think that the State Agency for Antimonopoly Regulation will constantly monitor prices here so that there is no unjustified rise in prices, and work with suppliers will be carried out in order to ensure the passage of spring field work to ensure continuous supplies of oil and oil products to the domestic market of the country,” the official said.
The price of bread and sugar. Due to the rise in food prices, negotiations are underway with the Russian side on the possibility of direct deliveries at producer prices of socially important goods to the Kyrgyz market.
According to the Ministry of Economy and Finance of the Kyrgyz Republic, there is a sharp rise in prices for granulated sugar and vegetable oil in the country.
“Our suppliers and retail chains have zeroed all markups for four types of goods. We have fixed sugar prices at the level of last year – KGS 54 for three months. There will be no rise in prices for this type of product. Manufacturing plants will be released at this price to retail chains, which will make minimum allowances, only for direct costs. Also, the price for bread for the next 3 months will be fixed at KGS 16,” he said.
IBC is happy. This week, Executive Director of the International Business Council Askar Sydykov raised the issue of improving legislation in the field of the industrial safety system.
The issue was discussed at a meeting of the Council for Business Development and Investment under the Government of the Kyrgyz Republic, held under the chairmanship of Prime Minister of the Kyrgyz Republic Ulukbek Maripov.
The head of the IBC also voiced the opinion of the business about the need to postpone the introduction of labeling of goods with digital identification.
Another important issue for business and for the life of the state as a whole is the professionalism and level of knowledge and skills of civil servants. Therefore, when changing the structure of the government and state bodies, it is necessary to create conditions for the career growth of civil servants so that they do not lose motivation and the civil service does not lose experienced personnel.
Trade with Turkey. It was announced this week that Kyrgyzstan and Turkey intend to bring trade to USD 1 billion.
The issue of bilateral trade was discussed at the meeting of the Minister of Foreign Affairs of Kyrgyzstan Ruslan Kazakbaev with Foreign Minister of Turkey Mevlut Cavusoglu, who was on an official visit to Bishkek.
The head of the Foreign Ministry of Kyrgyzstan noted that during the talks, special attention was paid to economic cooperation.
“This year and next year, we have set a goal to bring the trade turnover to USD 1 billion,” he said.
In addition, Kazakbaev said that the Kyrgyz side proposed to create a Kyrgyz-Turkish investment fund.
GDP volume. According to preliminary data, the gross domestic product in Kyrgyzstan, in January-February 2021, amounted to more than KGS 71 billion. According to data of the National Statistics Committee of the Kyrgyz Republic, this is 8.9% less than the same period in 2020.
Without taking into account the enterprises for the development of the Kumtor deposit, the volume of GDP amounted to about KGS 64 billion and decreased by 5.3%. The volume of industrial production amounted to more than KGS 45 billion and, compared to January 2020, decreased by 13%,” the statistics committee said.
Industrial production. The volume of industrial production of Kyrgyzstan in January-February 2021 amounted to KGS 45 billion, having decreased by 13% compared to January-February 2020.
According to data of the National Statistics Committee, the decline was due to a decrease in the production of basic metals and finished metal products, except for machinery and equipment - by 35.6%, textile production, clothing and footwear, leather and leather products - by 16.6%, as well as a decrease in production volumes in the extraction of minerals - by 16.1%.
Negative trends were observed in construction, where a decrease in volumes amounted to 22.1%, wholesale and retail trade - 12.3%, in agriculture there was an increase in volumes by 0.9%.
Rising food prices. In January-February of this year, the increase in consumer prices in Kyrgyzstan amounted to 2% compared to December 2020.
.
According to data of the National Statistics Committee, at the same time, prices for alcoholic beverages and tobacco products increased by 3.4%, for food products and non-alcoholic beverages - by 2.9%, for non-food products - by 0.8%, tariffs for services rendered to the population - by 0.8%.
The increase in consumer prices and tariffs in February this year compared to the previous month was noted in all regions of the republic. The maximum growth of 1.7% was recorded in Naryn Oblast.
Foreign trade. It was announced this week that the volume of foreign and mutual trade of Kyrgyzstan in January 2021 amounted to USD 352.4 million.
The volume of foreign trade in goods of the Kyrgyz Republic in January 2021 compared to January 2020 decreased by 27.5%, while export supplies decreased by 11.5%, and imports - by 32.1%.
The volume of mutual trade of the republic with the EAEU member states in January 2021 amounted to USD 169.4 million and decreased by 19.7% compared to January 2020, while export supplies decreased by 20%, imports - by 19.6 %. The largest share of the country's mutual trade fell on Russia - 74.4% and Kazakhstan - 23.6%, according to data of the National Statistics Committee.
Business forum in Tashkent. A Kyrgyz-Uzbek business forum was held on March 11, 2021, within the framework of the state visit of President of the Kyrgyz Republic Sadyr Zhaparov to Tashkent.
The event was held with the participation of Vice Prime Minister - Minister of Economy and Finance of the Kyrgyz Republic Ulukbek Karmyshakov, Deputy Prime Minister of Uzbekistan - Minister of Investments and Foreign Trade Sardor Umurzakov and Director of the State Agency for Investments Promotion and Protection of the Kyrgyz Republic Almambet Shykmamatov.
The purpose of the event was to inform the forum participants about economic reforms, export and investment opportunities of Kyrgyzstan, strengthening and developing bilateral trade and economic relations, as well as assistance in establishing business ties between entrepreneurs of both countries on issues of mutual interest.
The business forum was attended by representatives of government agencies, business associations and more than 100 representatives of the business sector of Kyrgyzstan and Uzbekistan. During the B2B meetings, entrepreneurs, as well as representatives of the business circles of the two countries, had the opportunity to establish business contacts and discuss prospects for the development of cooperation with the further implementation of joint projects.
As a result of the event, 13 bilateral documents were signed in the field of export development and implementation of joint projects.
Ties with Russia. First Deputy Minister of Economy and Finance of the Kyrgyz Republic Daniar Imanaliev met on March 11 with Trade Representative of the Russian Federation in the Kyrgyz Republic V. Latypov.
The sides noted with satisfaction the high level of Kyrgyz-Russian relations and the tendency for their further development.
The agreements reached at the last meeting of the Presidents of the two countries held in February 2021, topical issues and prospects of bilateral trade, economic and investment cooperation were discussed.
Investment outflow. The outflow of foreign direct investment from Kyrgyzstan in 2020, compared to 2019, increased by 20.1% and amounted to USD 808.1 million.
According to data of the National Statistics Committee of the Kyrgyz Republic, the outflow exceeded the inflow by USD 330.5 million.
In the structure of foreign direct investment, compared to 2019, there was a decrease in the outflow of all components, with the exception of reinvested profit. At the same time, an increase in the outflow of reinvested profit (the volume of which depends on the retained profit (loss) of the enterprise and paid dividends) was due to an increase in paid dividends by 2.6 times compared to 2019.
The main outflow of foreign direct investment (over 91%) was observed from the field of geological exploration, manufacturing, mining and construction. At the same time, the outflow of investments from manufacturing enterprises increased by 61.9 percent, geological exploration - by 35.8 percent, mining operations - by 8.5 percent. Along with this, the outflow of investments from the construction sector decreased 2.2 times.
Kabar News Agency
Comments
Post Comment