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Kyrgyzstan estimates expected industrial growth rate for 2025-2027

Kyrgyzstan Materials 5 November 2024 05:06 (UTC +04:00)
Abdullo Janob
Abdullo Janob
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BISHKEK, Kyrgyzstan, November 5. The average annual growth rate of industrial output in Kyrgyzstan is projected to be 4 percent from 2025 through 2027, Trend reports.

The forecast is based on the draft republic budget for 2025 and the planned period for 2026-2027.

The country expects growth to reach 7.2 percent in 2025 and a slight decrease of 1.8 percent in industrial output in 2026. This decline is attributed to increased overburden activities at the Kumtor Gold mine, which will lead to a reduction in ore extraction from this site.

The growth of industrial production is expected due to the stable work of enterprises involved in the development of deposits, such as Kumtor Gold Company CJSC, Taldybulak Levoberezhny, Zherui, Karakazyk, Ishtamberdi, and Zhamgyr, as well as Makmal Gold Company LLC, Eti Bakir Tereksai LLC, and Solton-Sary Deposit.

Furthermore, the Zherui gold deposit plans to commission an underground mine, which will boost base metal production and processing capacity.

In addition, the Kumtor deposit is expected to increase gold production by 6.3 percent in 2025, 7.3 percent in 2026, and 3 percent in 2027.

To note, Kyrgyzstan's industrial output from January through September 2024 amounted to about 394 billion som (about $4.6 billion) and increased by 4.2 percent compared to the same period in 2023, as reported by the State Statistical Committee.

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