• KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 3

Kyrgyz Gold Mines Produce Over 20 Tons Annually, But Local Jewelers Pay Above Global Price

Jewelers in Kyrgyzstan produced goods worth $1.6 million in 2023, five times more than in 2022, the Ministry of Economy and Commerce of Kyrgyzstan has stated. The ministry said the jewelry industry is important for the republic, not only because of its income, but also because of its importance in the country's culture, history, and tourism, and the government will support it in every way possible. "As part of the state support to date, jewelry manufacturers pay VAT with an 80% reduction. The leadership of the ministry highly appreciates the contribution of manufacturers to the preservation and development of this beautiful art," Deputy Minister of the Economy and Commerce, Ainura Usenbekova said at a meeting with jewelers. Meanwhile, the jewelers noted that despite the fact that more than 20 tons of gold is mined annually in Kyrgyzstan, the main problem for their industry is the supply of this precious metal. "The situation in this area has not changed for many years. We do not have physical access to metal, and if we do, it is at an inflated price. Gold bars sold to us by the National Bank between 5 and 20% more expensive than the global gold price. Plus, another 5% is added by Kyrgyzaltyn," said Stalbek Akmatov, president of the Kyrgyz Jewellers Union. Kyrgyzaltyn a Kyrgyz state company which controls gold circulation in the country Jewelers believe that until issues with the price of gold are settled so it's sold on the domestic market at prices comparable to those on the London Mercantile Exchange, serious development of the industry is out of the question. The Ministry of the Economy stated that they are aware of the problem, and the authorities are ready to discuss and work on creating competitive conditions for the continued development of the industry.

EU project promotes private sector development in Tajikistan, Kyrgyzstan

DUSHANBE (TCA) — The project “Networking Intermediaries & Competitive Enterprises in Tajikistan and Kyrgyzstan” (NICE-TAK) has started in Tajikistan and Kyrgyzstan in the ranks of the European Union programme Central Asia Invest IV. This project is the continuation of the projects “Handicraft and Business through Regional Integration and Fair Trade Market” and “Tajik Women Economic Empowerment” that have been successfully implemented in the previous years, the Delegation of the European Union to Tajikistan said on May 19. Continue reading

Uzbekistan holding forum on its cultural heritage

TASHKENT (TCA) — On May 15 and 16, Tashkent and Samarkand are holding an international scientific and cultural congress "Cultural heritage of Uzbekistan is the way for dialogue between peoples and countries", the Jahon information agency reports. Continue reading