Dear Partners and Colleagues,

As we approach the New Year, we would like to extend our heartfelt gratitude for your trust, collaboration, and contributions to fostering a favorable investment climate in the Kyrgyz Republic. Together, we have achieved remarkable milestones and laid a solid foundation for future success.

May the coming year bring joy, health, and prosperity to you and your loved ones. Let it be a time of new opportunities, bold ideas, and fruitful partnerships!

Wishing you a warm and wonderful 2025!

Sincerely,
The Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic

VIDEO

2024 was a pivotal year for the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic, strengthening its role in driving economic development and fostering a favorable environment for businesses.

Key achievements of the year:

• Advancing dialogue between the government and businesses at both the national and regional levels, including discussions on key initiatives to enhance the investment climate.
• Improving the regulatory framework to attract investments and support entrepreneurship.
• Organizing meetings and consultations with business associations, government agencies, and international partners to advance investment projects.
• Strengthening collaboration with regional and international organizations to stimulate economic growth and integrate best practices.

We extend our heartfelt thanks to all our partners for their contributions and active collaboration in advancing the economy of the Kyrgyz Republic. Together, we continue to build a sustainable platform for dialogue, unlocking new opportunities for businesses and investments.

The video is available here

We are pleased to present the 2024 Annual Report of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic. This report highlights our key achievements, strategic initiatives, and the outcomes of our work over the past year.

What you will find in the report:

• Key figures and milestones from 2024
• Successes in consolidating the regulatory framework
• Advancements in renewable energy and PPP projects
• Development of the Regional Investment Councils (RICs) network
• Media initiatives and contributions to strengthening economic journalism
• Plans for 2025

The Annual Report not only summarizes the results of our work but also reaffirms our commitment to openness and collaboration with businesses, government institutions, and international partners.

We extend our heartfelt gratitude to our partners, donors, and colleagues who supported us throughout the year. Your contributions and involvement were integral to our achievements.

We welcome your suggestions and ideas. For more details on how to submit your proposals, please see the “Open to Your Proposals” section.
Download the PDF version of the report here.

Thank you to everyone who joined us in 2024! Together, we look forward to pursuing new goals, launching impactful projects, and seizing opportunities for shared growth.

On December 18, 2024, the Jogorku Kenesh (Parliament) of the Kyrgyz Republic adopted the draft of the new Labor Code, as well as the law "On the Introduction of the Labor Code of the Kyrgyz Republic and Amendments to Certain Legislative Acts in the Sphere of Labor," in its second and third readings.

Work on this significant document began in 2022 at the initiative of the business community. The primary goal was to enhance the country's investment attractiveness and simplify the application of labor law norms. The key task was to create a logical and user-friendly framework for labor legislation.

The idea of updating the Labor Code was proposed by the International Business Council and discussed during a meeting of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic. Based on the discussion, the Ministry of Labor, Social Protection, and Migration was tasked with developing a draft document in collaboration with business associations, trade unions, and experts. The draft aimed to balance the interests of workers and employers while incorporating best international practices.

The new version was developed by an interdepartmental working group that included representatives from government agencies, trade unions, business associations, and international organizations. Input from all stakeholders was considered, resulting in a balanced document that protects workers' rights while fostering a favorable environment for businesses.

The adopted amendments mark a significant step toward modernizing labor legislation, improving the business climate, and protecting labor rights in the Kyrgyz Republic. This document provides a solid foundation for aligning economic development with the protection of workers' rights and enhancing the country’s investment appeal.