Economy of Kyrgyzstan depends only on price of gold and oil

The economy of Kyrgyzstan depends only on the price of gold and oil. This was announced today at the presentation of the national report on human development by the head of the group of authors of the report Rafkat Hasanov.

According to him, as soon as the prices for gold and oil fell, problems in the economy began. «Imports decreased automatically. We don’t have money to buy goods. As soon as the situation in the EEU starts to improve, the economy of the Kyrgyz Republic will go up," Rafkat Hasanov said.

He added that problems in the development of trade arose due to tariff barriers, in particular, changes in exchange rates. Non-tariffs include checks, corruption, poor quality of logistics services.