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SECTION NEWS

Ruble may rise in price due to partial privatization of Rosneft

10/12/16 07:32, Bishkek – 24.kg news agency, by Tatyana KUDRYAVTSEVA

Ruble may rise in price due to the partial privatization of Rosneft, the chief economist of the Eurasian Development Bank Yaroslav Lisovolik expressed his opinion to journalists.

Earlier it was reported that Swiss consortium Glencore and Qatar sovereign fund will buy 19.5 percent stake in Rosneft company for €10.5 billion.

Yaroslav Lisovolik notes that thanks to a deal the strengthening of the ruble is possible. However, it won't be too dramatic. The economist believes that the dollar will remain in the range of 63-65 rubles till the end of 2016. And in this period, it is unlikely to overcome the bar of 70 rubles and above.

Note, Rosneft owns the second largest network of gas stations in Kyrgyzstan. It acquired them at BNK company for $30 million. In Kyrgyzstan, people still talk about the fact that the deal is not beneficial to the state.


URL: http://eng.24.kg/economics/183226-news24.html
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RELATED MATERIALS


Exchange rate from 4 February
National Bank of Kyrgyz Republic
USD 69.4463
EUR 74.6131
RUB 1.1708
KZT 0.2156
UZS 0.0212
Weighted average exchange rate of som on February 3
USD 69.4300


Weather forecast
05.02.2017
  night day
Bishkek
-24...-18 -10...-5
Talas
-17...-14 -13...-7
Jalal-Abad
-14...-10 -11...-5
Osh
-16...-9 -8...-4
Batken
-12...-8 -8...-3
Naryn
-27...-24 -19...-12
Cholpon-Ata
-27...-20 -14...-11


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«When we ran in the elections, we said that would even get the moon and the sun from the sky ».
MP Kamchybek Joldoshbayev at a meeting of Parliament, February 2, 2017.

«What have you done besides sale of donkeys to China?».
Deputy Ryskeldi Mombekov to the head of State Inspectorate for Veterinary and Phytosanitary Safety Kalysbek Zhumakanov at a meeting of Parliament, February 1, 2017.
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