Kyrgyzstan’s annual GDP declined by 10.7% y/y in January, down from a growth of 8.4% y/y in January 2014, according to figures published by the National Statistical Committee on February 10.
The figures show that the decline in GDP was mostly driven by a decline in the volume of production at the flagship gold mine Kumtor in January - without Kumtor’s operations the GDP declined by 1.5% y/y. The statistical committee didn’t provide figures for the mine’s output in January. According to the company, it produced 520,695 ounces of gold in 2015, an 8.2% decrease y/y. It plans to produce between 480,000 and 530,000 ounces of gold this year.
The rest of the decline in GDP was driven by industrial production, which fell by 8.4% y/y without accounting for Kumtor and by 40.7% y/y with Kumtor, and utilities (-10.7% y/y), the statistics office’s figures show.
At the same time, the country recorded annual consumer price inflation (CPI) of 1.8% in January, against 1.6% a year earlier. The country’s average monthly wage amounted to KGS13,277 (€160), up by 9.2% y/y, while the number of registered unemployed declined by 2.6% y/y to 56,500.
Campaigning in Kyrgyzstan's presidential race officially got under way on September 10 with a total of 13 candidates registered for the October 15 election. ... ... more
A Bishkek court ordered on August 22 the closure of the Sentyabr television station linked to the recently sentenced opposition leader Omurbek Tekebayev. ... more
The Kyrgyz parliamentary majority coalition has announced that it’s ready to approve the current chief of presidential staff, Sapar Isakov, as Kyrgyzstan’s prime minister, ... more