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(Source: Centerra Gold)The mining industry provides about half of export revenues of the Kyrgyz Republic.According to the latest EITI Report the share of the extractive industry in total export in 2013 was 47.1%.The government commitment to implement the EITI through the Resolution no.361 (May 2004) establishes the MSG.Resolution no.317 (Dec 2010) establishes the definition of materiality (companies required to report), further refinements to the reporting process, and governance of the MSG.According to the 2013-2014 EITI Report, the average monthly salary of employees involved in the production of basic metals is more than 5 times higher than the average salary.Salary of employees involved in oil and gas production, as well as production of metallic ores, is almost 2 times higher than the average salary level in the country. A newly formed national secretariat and the Supervisory Board held its first meeting in early July 2016 and is currently working on agreeing a new Memorandum of Understanding and 2016 EITI work plan.The Kyrgyz Republic has significant deposits of coal and gold that form a substantial part of the economy.Mining has been ongoing in Kyrgyzstan for many years, though extensive mineral developments began only in the last three decades.

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The fiscal system in Kyrgyzstan is highly centralised.On March 8 2017, the EITI Board found that the Kyrgyz Republic has made inadequate progress in implementing the 2016 EITI Standard.Kyrgyzstan’s picturesque landscapes makes it stand out from its Central Asian neighbours.The State Agency on Geology and Mineral Resources maintains an online licence register available on their website.Kyrgyz Republic took part in the EITI beneficial ownership pilot in 2014, followed by its first attempt at asking companies to disclose beneficial ownership in the 2014 EITI Report.The revised Law on Subsoil use, 17 September 2012, includes references to EITI.


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