Seeking a balance. The state is seeking a balance between the National Energy Holding and small hydropower plants.
Adviser of the Ministry of Economy Kylychbek Dzhakypov said that the issue of the sales of energy produced by small hydropower plants is being considered at all levels.

“We need to find the right side. Raising rates is not a solution. Now subsidies are being sought. It is also necessary to consider the effectiveness of the system itself, so that it is beneficial for the investor and the National Energy Holding,” he explained.
CCTS and Competitiveness. Minister of Economy of Kyrgyzstan Oleg Pankratov met with Secretary General of the Cooperation Council of Turkic-speaking States (CCTS), Baghdad Amreyev. During the meeting, the issues of cooperation within the framework of the Turkic Council were discussed.

At the meeting, Pankratov noted that the countries of the CCTS have many common plans and goals in many areas in the field of cultural, humanitarian, trade, economic and investment cooperation, some of which, thanks to the efforts of the Secretariat of the Turkic Council, are already being implemented.
Minister of the Kyrgyz Republic said that the regional cooperation is one of the most priority directions of foreign policy and foreign economic activity of the Kyrgyz Republic.
Partners in the CCTS. “There is a big competition in the world for attracting investments. We consider it necessary for the Turkic Council countries to build relations as partners and not as competitors,” said Minister of Economy Oleg Pankratov at the 8th meeting of economy ministers of the Cooperation Council of Turkic-speaking states (CCTS).
He said that the countries of the Turkic Council need to unite efforts in promoting mutual interests and opportunities.
Joint processing. The 8th meeting of the intergovernmental Kyrgyz-Belarusian commission on trade and economic cooperation was held in Bishkek.

According to the Ministry of Agriculture, Food Industry and Land Reclamation of the Kyrgyz Republic, the meeting of the Commission was chaired by Minister of Agriculture, Food Industry and Land Reclamation of the Kyrgyz Republic Nurbek Murashev and Minister of Agriculture and Food of the Republic of Belarus Leonid Zayats.
The meeting was attended by members of the Kyrgyz and Belarusian commissions, as well as invited heads of ministries, departments and representatives of business communities.
The sides agreed that they would continue to work out the issue of building and financing the Agrocluster "Milk" (or a joint venture for processing milk in Kyrgyzstan, for organizing full-fledged preschool and school feeding, as well as building dairy-commodity complexes with equipment and technical equipment of Belarusian production, supply of pedigree cattle, and technological support until reaching the design capacity).
Commercial banks advise. The commercial banks of Kyrgyzstan intend to hold soon a series of activities in order to improve the financial literacy of the population.

According to the information spread by the Union of Banks of Kyrgyzstan on its official website, the activities will be held from October 22 to October 31 within the framework of the World Savings Week.
“The World Savings Week is an annual international campaign the main goal of which is to inculcate a culture of savings and increase financial literacy of the population. The slogan of the week in 2018 is “Today's contribution is tomorrow's treasure,” said the organizers of the upcoming events.
Gold 2018. 12.2 tons of gold were produced in Kyrgyzstan in 9 months of 2018, which is 586 kg less than in 2017.

Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use of the Kyrgyz Republic of the Kyrgyz Republic Alymbek Orozbekov said that, Kumtor CJSC produced 9.5 tons of gold during this period - which is 3 tons less than last year, in the Altynken deposit were produced 2,5 tons of gold.
Electronic taxes. In Kyrgyzstan for 9 months of 2018, the number of taxpayers who submit tax returns in electronic form, compared with the beginning of the year, increased by 56 thousand 926 and now totals 96 765 users.

According to the State Tax Service, of these, 92 thousand 665 taxpayers were connected to the service without using an electronic signature, and 4 thousand 100 used an electronic signature through a service operator.
The service without the use of electronic signatures allows citizens to submit tax reports in electronic form free of charge through the “Taxpayer Cabinet” electronic service through the website of the State Tax Service - www.salyk.kg.
New deposits. In Kyrgyzstan, in the 4th quarter of 2018, an enterprise is planned to be commissioned at the Kugul Tegerek field.
According to deputy chairman of the State Committee for Industry, Energy and Subsoil Use of the Kyrgyz Republi Suyuntbek Alikeev the construction works of the concentration plant are currently being completed at this enterprise.

“In addition, in the first quarter of 2019 it is planned to commission the Dzheruy field. It is planned to build a gold processing plant. It is also planned to open deposits "Chaarat", "Shyraldzhyn" and "Terek ken", and in the area of Jamgyr "Vertex" plans to build a processing plant. At present, this company is exporting ore to Kazakhstan,” Alikeev said.
New businesses. During the first 9 months of 2018, 11 industrial enterprises were launched in Kyrgyzstan, where 700 jobs were created.

In particular, the Artel plant for the assembly of washing machines in Osh region, Imzo LLC in Osh for the production of plastic windows and doors and the Umar Group LLC for travertine production, as well as Omonova private enterprise for the production of national clothing; Salut Company LLC for the production of explosives, Eurasia Metal Group LLC (Kara-Balta) for the production of rolled metal products, Kas Impul LLC for the production of electronic detonators and others.
Trade in Moscow. A meeting was held in Bishkek between officials of the State Service for Regulation and Supervision of the Financial Market of the Kyrgyz Republic, the National Bank of the Kyrgyz Republic and the Kyrgyz Stock Exchange CJSC (KSE) with the Moscow Stock Exchange. At the meeting, the guests presented the opportunities of the Moscow Exchange for financial organizations and interested parties of Kyrgyzstan.

The State Service for Regulation and Supervision of the Financial Market Chairman Sanzhar Mukanbetov called the cooperation and trades of residents of the Kyrgyz Republic on the Moscow Stock Exchange the first sign on the mutual integration of the EEU countries, which could be the beginning of further effective partnership.
Water resources. The water resources of Kyrgyzstan should become the “core” of the long-term model of the green economy, Kyrgyz Economy Minister Oleg Pankratov said at the Green Economy Forum held in Bishkek.

According to the minister, today the first draft of the Program for the transition to a green economy in the Kyrgyz Republic for 2019-2023 has been prepared.
Germans and green economy. In Kyrgyzstan, there is a great potential for the development of a green economy, primarily in the field of renewable energy, ecotourism, agro-industry, waste recycling, etc, Ambassador of the Federal Republic of Germany to Kyrgyzstan Monika Iversen told at the Green Economy Forum in Bishkek.
She noted that Germany is ready to support Kyrgyzstan in this difficult process.
Kabar News Agency
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