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GDP slightly grew. The GDP of Kyrgyzstan in the period from January to May of this year, according to preliminary estimates, amounted to about 171 billion soms. According to data of the National Statistics Committee of the Kyrgyz Republic, the growth was 0.7Kyrgyzstan's economic week JUne 11-16, 2018
GDP slightly grew. The GDP of Kyrgyzstan in the period from January to May of this year, according to preliminary estimates, amounted to about 171 billion soms. According to data of the National Statistics Committee of the Kyrgyz Republic, the growth was 0.7% compared to the same period last year. Without taking into account the enterprises for the development of the Kumtor field, the GDP for five months of 2018 made more than 153 billion soms and increased by 2.5%. At the same time, the volume of industrial output for the first five months of 2018 amounted to 91 billion soms, which means a decrease of 3.3% compared to the same period last year. According to experts, the reason for this was a reduction in volumes in heavy industry. Price rice for fuel and lubricants. The growth of tariffs for fuel and lubricants is associated with the impact of external factors in the world and the increase in selling prices in Russian oil refineries. According to data of the Association of Oil Traders of Kyrgyzstan, during May 2018, wholesale prices were raised by 10%, in June by 2-4%. On average, for 5 months of 2018, the increase in prices for consumers for gasoline was 5%, for diesel fuel 9%. In June, further price increases are expected. The reason for the increase in prices for petroleum products was the rise in price in Russian refineries, as world oil prices rose, including in European countries, to which Russia exports. Foreign trade has grown. The volume of foreign trade turnover of Kyrgyzstan for the period from January to April of this year amounted to $ 2 billion. According to data of the National Statistics Committee of the Kyrgyz Republic, the available indicator shows an increase by 19.6% compared to the figures for the same period last year. The decrease in exports was registered at 3.2%, while imports increased by 29.6%. The decline in exports is due to a reduction in the supply of non-monetary gold, ore and concentrate of precious metals. Gas pipeline in Kyrgyzstan. Kyrgyzstan signed a protocol with China to extend the construction of a gas pipeline from Turkmenistan to China. According to data of the State Committee of Industry, Energy and Subsoil Use of the Kyrgyz Republic, a protocol on amending the agreement was signed during the state visit of President of Kyrgyzstan Sooronbay Jeenbekov to China in early June this year. The original agreement was signed in 2013, according to which it was planned that construction will begin in 2014 and will be completed in 2017. Chinese grant. Grant funds from China to Kyrgyzstan for the implementation of the Taza Suu project will be received after the signing of the relevant document. For this purpose, the two sides prepare all necessary procedures. Kyrgyzstan sent a request for grant assistance to provide regions of the country with clean drinking water. This proposal was supported by the People's Republic of China. Assistance will be provided in the preliminary amount of $ 100 million. Trade with China. In 2013-2017, trade with China increased by 8.6%. According to data of the Ministry of Economy of the Kyrgyz Republic, over the past 26 years of Kyrgyzstan's independence China has become one of the country's largest partners in the sphere of trade and economic cooperation, and the principles of strategic partnership between Kyrgyzstan and China are being actively implemented in the sphere of economic cooperation. With a view to resolving trade and economic issues on a bilateral level, more than 200 interstate, intergovernmental, interdepartmental and other bilateral documents have been signed between the two countries. Villagers began to live better than townspeople. According to data for 2017, poverty in rural areas of Kyrgyzstan decreased by 0.6%, and in cities, by contrast, increased by 1.8%. The National Committee of the Kyrgyz Republic announced that 1 million 601 thousand people lived in the country in 2017 under the poverty line, of which 72% were rural residents. The main sources of money incomes of the population of Kyrgyzstan were income from labor activity. In 2017, their share in the structure of disposable income was 69%. The share of social transfers and benefits accounted for 16.4%, while the proceeds from the sale of agricultural products produced in the personal part-time farm amounted to 10.3%. At the same time, 8.5% of the incomes of Kyrgyzstanis are due to the labor activity of citizens working outside the republic. In UN Committee. Head of the representative office of Kyrgyzstan on the World Trade Organization in Geneva Nurbek Maksutov was elected chairman of the WTO Committee on Specific Obligations in the sphere of services. The Committee on Specific Obligations is one of the working bodies regulating the activities of the WTO in the field of specific obligations on access to the services market adopted by a WTO member country (or acceding country) in certain service sectors according to the classification list. The purpose of the work of this committee is to optimize and implement commitments in the field of types of supply of services, elaborate questions on the provision of preferences and monitoring the implementation of WTO rules. Exhibition in Chelyabinsk. Within the framework of the Seventh Kyrgyz-Russian Interregional Conference, an exhibition of Kyrgyz products was held in Russia’s Chelyabinsk city. It was attended by Deputy Prime Minister Zhenish Razakov, Governor of the Chelyabinsk Region Boris Dubrovsky and Minister of Digital Development, Communications and Mass Communications of the Russian Federation Konstantin Noskov. Sewing products and products of Kyrgyz producers were presented there. The exhibition is a continuation of activities to promote Kyrgyz exports on the territory of the Russian Federation. During the exhibition, 7 agreements were signed for a total amount of $ 100 million. Kabar News Agency Read more