Kyrgyzstan's economic week Feb. 5 – 10, 2018

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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


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