Kyrgyzstan’s economic week – Dec. 10 - 15, 2018
Alcohol is regulated. The Council of the Eurasian Economic Commission (EAEC) adopted the technical regulations of the Eurasian Economic Union “On the safety of alcohol products”.
The technical regulation establishes mandatory safety requirements for alcoholic beverages and conformity assessment procedures in the EAEC.
Technical regulations on alcohol products will come into force two years after official publication, which will ensure a smooth transition of producers of alcoholic beverages to single mandatory requirements.
On-line patent. As of December 10, 2018, 1,348 taxpayers have acquired a patent for economic activity in electronic form through the website of the tax service.
The largest number of remotely acquired patents falls on the cities of Osh and Bishkek. The electronic patent can be obtained in two ways: through the electronic service «Taxpayer Cabinet» of the State Tax Service - www.salyk.kg and through the eID-card (new passport from 2017).
Tariffs and Parliament. The Parliament of the Kyrgyz Republic is against the increase in electricity tariffs, but does not make decisions.
Chairman of the parliamentary committee on the fuel and energy complex and subsoil use Kozhobek Ryspaev, the decision on tariffs should be made by the State Agency for Regulation of the Fuel and Energy Complex of the Kyrgyz Republic.
“Until 2015, the Jogorku Kenesh had made a decision on tariffs. But after it was decided to create an independent body that will regulate tariffs,”he said.
The parliamentarian believes that it is impossible to raise tariffs when salaries and pensions remain low.
Taxes from Bishkek. For 11 months of 2018, tax revenues in the budget of Bishkek amounted to 5 billion 580.5 million soms or amounted to 99.1% of the plan.
Compared with the same period last year (the fact is 5 billion 192.3 million soms), revenues came in by 388.2 million soms more or the growth rate was 107.5%.
Growth in everything. The gross domestic product in Kyrgyzstan for 11 months of this year increased by 3.1%.
According to data of the National Statistics Committee of the Kyrgyz Republic, from January to November, the total GDP of Kyrgyzstan was formed in the amount of 474.5 billion soms. Excluding enterprises for the development of the Kumtor field, the volume of GDP in the specified period amounted to 428.8 billion soms and increased by 3.2%.
A positive trend of economic growth has been achieved due to an increase in production volumes in the industrial and agricultural sectors of the country.
The volume of industrial products released in Kyrgyzstan from January to November amounted to 221.1 billion soms, which indicates its increase by 4.9%. Such indicators are ensured due to the growth of mineral extraction by 7.8%, as well as the production of precious metals - by 2.2%.
Export to decline? For the period from January to October of the current year, the volume of exports of goods from Kyrgyzstan decreased by 1.6% compared to the same period in 2017.
According to data of the National Statistics Committee of the Kyrgyz Republic, this is due to a decrease in export of gold from the country by 16.5%, the share of which in the total volume of export supplies decreased from 37.1 to 31.5%.
The supply of ores and concentrates of precious metals also decreased by 15%, milk and dairy products - by 21.8%, parts and accessories for cars and tractors - by 22.7%, electricity - by 28.9%.
Trade with the EAEU has declined. The volume of mutual trade between Kyrgyzstan and the EAEU member states in January-October 2018 amounted to $ 1.9 billion and decreased by 4% compared to January-October 2017.
At the same time, exports of goods increased by 1.2%, while import revenues decreased by 5.5%. The largest share of the republic’s mutual trade with the EAEU member states was Russia (65.6%) and Kazakhstan (32.6%).
German grant. Minister of Economy of the Kyrgyz Republic Oleg Pankratov and German Ambassador to the Kyrgyz Republic Monika Iversen signed in Bishkek, the Agreement between the Governments of the Kyrgyz Republic and Germany on financial and technical cooperation for 2017-2018.
The agreement provides for the provision of grant funds to Kyrgyzstan in the amount of 40.1 million EUR for technical and financial cooperation. Of this amount, 21.1 million EUR is provided for technical cooperation projects:
- 3.5 million EUR for the program of the main direction of cooperation «Sustainable development of the economy» component «Assistance to sustainable development of the economy»
- 3.5 million EUR for the program of the main areas of cooperation “Sustainable Development of the Economy”, component “Assistance to employment and vocational education”;
- 4 million EUR for the program «Perspectives for youth»;
- 4 million EUR for the program «Promotion of perinatal health care»;
- 19 million EUR is provided for the implementation of the following projects in the framework of financial cooperation:
- 9 million EUR for the mainstream health care program, the component “Sectorial Health Program
- 8.5 million EUR for the social housing construction component;
Tourist corridor with Kazakhstan. A joint meeting of the working groups on tourism “Almaty – Bishkek Economic Corridor” (ECAB) of Kazakhstan and Kyrgyzstan was held this week in Almaty.
At the meeting, officials of state bodies of the two countries noted the importance of promoting a joint project in terms of strengthening interregional socio-economic ties between the two countries and tourism potential.
One of the main issues at the meeting of the ECAB working groups is the development of a master plan for the development of tourism clusters in Issyk-Kul and Chui regions, in terms of specialization and integrated development.
Real estate and trade. Over 11 months of 2018, the amount of sales transactions also increased compared to the same period in 2017.
According to the State Register of the Kyrgyz Republic, in monetary terms for 11 months of 2018 compared to the same period in 2017, the amount of transactions increased by 15.3 billion soms - an increase by 17.8%.
Data for 11 months of 2018 show that an increase in the number of purchase and sale transactions is typical for all regions, with the exception of Naryn oblast.
The maximum growth in the number of transactions for 11 months of 2018 compared to the same period in 2017 was observed in April. This is due to the allocation of funds for lending to agricultural entities.
Russia and trout. In the Siberian Federal District of Russia, the demand for trout from Kyrgyzstan is growing. Next year, Russian companies are ready to double the volume of purchased products.
According to data of the Agency for the Promotion and Protection of Investments of the Kyrgyz Republic, in July of the current year during the V International Economic Forum «Issyk-Kul 2018» an agreement on cooperation was signed between the Agency and Innovation Business Group CJSC. Thus, in the course of bilateral meetings of domestic suppliers and partners, contracts worth 60 million rubles were concluded.
At the end of November 2018, the delivery of Kyrgyz trout was made in the amount of 58.4 million rubles.
Kabar News Agency