Economic Week of Kyrgyzstan – Nov. 20-25, 2017

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Almost half a billion. In the first 9 months of 2017, Kyrgyzaltyn transferred over 459.51 million soms to the budget of Kyrgyzstan in the form of taxes and deductions. 84.34 million soms of them are deductions to the Social Fund of the Kyrgyz Republic and 375.17 million soms - taxes and dividends.

At the same time, net profit from the production and financial activities of Kyrgyzaltyn OJSC amounted to 80.82 million soms.

At present, the number of employees at OJSC Kyrgyzaltyn is 2,056 people, including all production branches.

Alcohol products raise in price. The Government of Kyrgyzstan has raised the excise tax rate for alcoholic beverages imported and produced in the republic.

The government decree was signed on November 17 and the document will come into force after 15 days of its publication.

This is done to reduce the availability of low-alcohol drinks for young people and increase tax revenues to the budget.

Chinese transformer. Within the framework of the Energy Sector Rehabilitation project, the main component of which is the reconstruction of the Toktogul hydroelectric power station, an electric transformer with a capacity of 425 MVA and a weight of 260 tons was delivered to Toktogul HPP in Kyrgyzstan.

The delivery of the transformer to the hydroelectric power station with its weight of 320 tons was unique, and this is the only case in the history of Kyrgyzstan, when this cargo crossed 3 mountain passes.

This transformer was manufactured by JOC Technical Engineering Co., Ltd. (China) to replace the No. 2 unit at the Toktogul HPP. All other equipment for unit No. 2 has already been delivered.

Russia approves. The Russian government approved a protocol to an intergovernmental agreement with Kyrgyzstan on writing off the debt to Russia totaling $ 240 million. The draft law on ratification of the protocol was sent to the State Duma.

This agreement was signed during the visit of President Almazbek Atambayev to Moscow in June 2017.

In early November, the Kyrgyz Parliament ratified the protocol to the agreement on Kyrgyzstan's debt to Russia, which provides for a write-off of the debt of $ 240 million.

Deliveries to Russia. In Moscow, Lomakin-Rumyantsev, the Chairman of the Presidium of the Association of Retailers and the leaders of the major retail chains of the Russian Federation confirmed their readiness to assist Kyrgyzstan in supplying Kyrgyz products to Russia's trade networks. This was stated during negotiations with Minister of Economy of the Kyrgyz Republic Artem Novikov.

Novikov said that that more companies are ready to join in the process of work. Only those companies and their products will take part in this project, for which our producers can take full responsibility, both in terms of the quality of the goods (the product itself, packaging, format, brand, certification, etc.).

Production capacity. By the end of the year, three large production facilities will be opened in Kyrgyzstan, Erkin Asrandiyev, the chairman of the board of the Russian-Kyrgyz Development Fund told during the parliamentary session, where the republican budget discussed.

According to hisdata, by the end of the year it is planned to launch a factory for the production of valves in Kara-Balta, the production of pasta in Tokmak and a plant for the production of metallurgical silicon near Tashkumyr in Jalal-Abad oblast.

Land for the logistics center. 200 hectares of land were allotted for the construction of an industrial-trade-logistic center in At-Bashi region of Naryn oblast. The corresponding decree was issued by the Government of the Kyrgyz Republic.

Realization of the project of construction of a logistics complex in At-Bashy region on the territory of the Naryn Free Economic Zone will promote the development of small and medium-sized businesses and is aimed at creating 3,000 new jobs. Investors will be involved in the construction of the industrial-trade-logistics center.

The industrial-trade-logistic center will consist of the following zones: trade, logistics and industrial.

Kabar News Agency

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