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SECTION NEWS

Capital outflow continues in Kyrgyzstan

30/01/17 13:07, Bishkek – 24.kg news agency, by Tatyana KUDRYAVTSEVA

Outflow of capital in the first nine months of 2016 reached $ 161.3 million in Kyrgyzstan. The Minister of Economy Arzybek Kozhoshev said today at a government meeting.

According to him, economic decline and inflation in the countries - main trade partners- Russia, Belarus and Kazakhstan, are among the negative factors that affected the economy of Kyrgyzstan in 2016. In particular, inflation in Kazakhstan was 8.5 percent, in Russia - 5.4 percent.

 Dependence of the domestic market on imported products also had it impact on the situation in Kyrgyzstan. Volatility of crude oil prices also played a negative role there.

Increase in remittances by 20.9 percent had a positive effect on the economy. In addition, in 2016 the price of gold grew by 8 percent. And there was no registered negative impact on domestic prices from world food markets. 


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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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