President Bakiev approved government's step-down, initiated by the Prime Minister Igor Chudinov Tuesday afternoon, news agency "24.kg" reported.

Chudinov has gathered the cabinet to inform about his resignation, which, according to the Constitution, implies step-down of the whole cabinet. Now the president is going to nominate a new candidate for the premier's post and submit it for the parliament's consideration.

Taking into account that most of the Parliament members come from the ruling party of Ak-Zhol, the consultations on the issue are likely to take place today.