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Stock impact report

Kyrgyzstan parliamentary election expected to bolster president [Reuters]

Centerra Gold Inc. Common Shares (CGAU) 
Company Research Source: Reuters
Slideshow ( 5 images ) After a low-key campaign, political analysts expect the vote to favour allies of President Sadyr Japarov, cementing his grip on the Central Asian nation with close ties to Russia and China. A Russian military airbase located in Kyrgyzstan allows Moscow to project power throughout the broader region and to locations such as Afghanistan. Japarov, 52, came to power during the turmoil that followed the October 2020 parliamentary elections, the results of which a number of political parties refused to accept. Freed from prison where he was serving a sentence for a political stunt that involved kidnapping a provincial governor, Japarov became prime minister within days and then successfully ran for president on a nationalist and populist platform. Aside from pushing through constitutional reform strengthening the presidency, Japarov's major step so far has been the de facto nationalisation of the giant Kumtor gold operated by Canada's Centerra Gold, precipi Show less Read more
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