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The China-Kyrgyzstan-Uzbekistan Railway Will Strengthen Kyrgyzstan’s Global Standing - Sharsheev

12/27/24, 14:44 Bishkek, 12/27/24. /Kabar/. The China-Kyrgyzstan-Uzbekistan railway will enhance Kyrgyzstan’s position on the global stage, said expert Iskender Sharsheev in an interview with the Kabar agency. According to Sharsheev, the railway project, once operational, will establish a direct connection between China, Turkey, and Europe via Central Asia, positioning Kyrgyzstan as a vital transport hub. This development will significantly reduce delivery times and logistics costs, while also increasing revenue for Kyrgyzstan’s national budget. Additionally, local producers will gain access to new markets, boosting the country’s export potential. The railway’s construction will also lead to the development of essential infrastructure such as roads, warehouses, and other facilities, thereby stimulating the national economy. “The social impact of the China-Kyrgyzstan-Uzbekistan railway project is equally significant,” Sharsheev emphasized. “During its construction and subsequent operation, thousands of jobs will be created, providing employment opportunities for the population. Regions along the railway route will experience increased economic activity, which will uplift the social status of local communities. On a geopolitical level, this railway will free Kyrgyzstan from its current transport constraints by offering alternative routes, thus strengthening its geopolitical standing. Furthermore, this project will foster closer ties between Kyrgyzstan, China, and Uzbekistan, paving the way for regional integration.” Sharsheev highlighted that the project’s successful implementation could mitigate logistical risks and serve as a cornerstone for international trade, reinforcing Kyrgyzstan’s role in the global economic landscape. Source: https://kabar.kg/news/zheleznaia-doroga-kitai-kyrgyzstan-uzbekstan-ukrepit-pozitcii-kyrgyzstana-na-mirovoi-arene-sharsheev/

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Falls and Rises: How Gold Prices Changed in Kyrgyzstan in June and Since the Beginning of 2025

14:00, July 10, 2025, Bishkek – 24.kg, Nargiza TOKOEVA Recently, global gold prices have been rising at an unusually rapid pace, repeatedly hitting record highs. The market has now somewhat stabilized. The surge in demand for the precious metal has been driven by several powerful factors: Aggressive purchases by central banks (especially BRICS countries) aiming to reduce dependence on the US dollar; Global geopolitical and trade tensions (tariff wars, sanctions, and regional conflicts); Weakening of the US dollar. All of these factors have made gold more attractive as a safe-haven asset. According to the London market, the most recent record was set on April 22, 2025, when the price of one troy ounce reached $3,434 on the London exchange. However, Kyrgyzstan recorded its highest local gold price on June 16, 2025. On April 23 — the day global gold prices hit a historical high — the National Bank of Kyrgyzstan set the price at 305,507.5 soms per ounce. But on June 16, the ...

Expert: Kyrgyzstan’s GDP Should Reach $50 Billion

Tuesday, December 31, 2024, 14:31 What was 2024 like for the republic’s economy? Economist Iskender Sharsheev, speaking with Vesti.kg , believes Kyrgyzstan’s GDP ought to be around $50 billion. Reviewing the past year’s performance, he noted: “The current year, 2024, has been an upswing for Kyrgyzstan’s economy. The government’s announced achievements have been justified: our state budget is now one trillion soms, and our GDP, for the first time in history, has reached $14 billion. I hope this upward trend continues every year. For a country like ours, a more appropriate level of GDP would be around $50 billion, with a per capita GDP of $5,000–$7,000. Currently, it stands at about $2,000—up from $1,260–$1,300 previously.” Sharsheev added that the Cabinet of Ministers has continued indexing salaries and social benefits: “Military salaries have gone up, with some officers now earning around $1,000, which is significant. Pensions have increased as well, and there are new benefits ...