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Strengthening Cooperation Between the Secretariat of the Investment Council and the Ministry of Economy and Commerce of the Kyrgyz Republic
- Wednesday, 03 April 2024
On March 18th, a meeting was held between the head of the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic, Uluk Kydyrbaev, and the Minister of Economy and Commerce of the Kyrgyz Republic, Daniyar Amangeldiev. Also in attendance were the Deputy Minister of Economy and Commerce of the Kyrgyz Republic, Usenbekova A.; the Head of the Business Environment Policy Department, Kataganov M.; the Advisor to the Minister, Abdrakhmanov K.; and the Senior Legal Expert of the Secretariat, Bakyt Samakov.
The main focus of the meeting was on strengthening the interaction between the Secretariat of the Investment Council and the Ministry of Economy and Commerce of the Kyrgyz Republic. This collaboration aims to develop consolidated solutions for improving the business environment, strengthening business associations, and enhancing the mechanisms for protecting entrepreneurs' rights, to foster the country's overall economic development.
The Work Plan of the Investment Council for 2024 was discussed, including the discussion and development of recommendations for integrating the principles of the "green economy" into sectoral policy and the development of small and medium-sized businesses through the creation of mechanisms for sustainable communication with government bodies.
Uluk Kydyrbaev informed about the initiative to form Consultative Groups for the prompt resolution of problems in the investment sphere and improvement of the business environment. These groups will become an important tool for uniting the efforts of government structures, the business community, and experts in finding effective solutions.
Additionally, the resumption of the activities of the Regional Investment Councils and the planning of the meeting of the Regional Investment Council in the Osh region in April 2024, as well as the organization of an off-site meeting of the Investment Council in the Batken region in September 2024, were discussed. These activities are intended to further the economic development of the regions and strengthen the interaction between government agencies, the business community, and society.
First B5+1 Forum Kicks Off
- Wednesday, 03 April 2024
Head of the Secretariat Uluk Kydyrbaev is participating in the first International Forum B5+1, which has commenced in Almaty. The event is attended by over 200 experts from Central Asian countries and the USA. The forum will last for two days - March 14-15.
Among the forum participants are government delegates from six countries, representatives of chambers of commerce and business associations, representatives of the EBRD, World Bank, Asian Development Bank, European Commission, business analysts, and independent experts.
The B5+1 platform, initiated at the C5+1 summit by the Presidents of the USA, Kazakhstan, Kyrgyz Republic, Uzbekistan, Tajikistan, and Turkmenistan in September 2023 in New York, represents a unique platform for accelerating and enhancing interactions between the private sector and the governments of Central Asian countries. At the B5+1 platform, business representatives will offer their recommendations for strengthening regional and global economic integration, as well as for more active positioning of Central Asia as a single market for international investments, for consideration by the governments of the region.
Central Asian countries possess tremendous economic potential that can be realized through enhanced regional integration. Small and medium-sized enterprises play a crucial role in stimulating socio-economic development in Central Asia. According to official data from national and international organizations, SMEs' contribution to the GDP of Central Asian countries ranges from 30 to 50 percent.
III meeting of the Uzbek-Kyrgyz Business Council
- Wednesday, 03 April 2024
The third meeting of the Uzbek-Kyrgyz Business Council took place on March 12 in Tashkent, with representatives from 40 Kyrgyz business communities participating. The meeting, moderated by Uluk Kydyrbaev, co-chair of the Business Council and head of the Investment Council Secretariat, covered a wide range of crucial issues, including the acceleration of the inclusion of Kyrgyz manufacturers in the registry of Uzbek importers and the optimization of food product import procedures.
Uluk Kydyrbaev emphasized the importance of joint economic initiatives in strengthening the ties between Uzbekistan and the Kyrgyz Republic. A special focus was given to the necessity of establishing two specialized border checkpoints: one for cargo transport and another for passenger vehicles. According to Kydyrbaev, such measures would simplify and expedite customs procedures, improve logistics, and reduce costs and delivery times, thereby creating a favorable atmosphere for business and investment attraction, which in turn, would contribute to the economic progress of both countries.
Furthermore, the development of tourism and cultural exchange between the Kyrgyz Republic and Uzbekistan was addressed. Kydyrbaev expressed the belief that expanding air connections and reducing ticket prices between the major cities of the two countries could significantly strengthen bilateral relations, enhancing accessibility and comfort for travelers. This, in turn, would stimulate business and tourism cooperation.
Incorporating the discussion of these initiatives into the agenda of future Business Council meetings will allow for the development of specific measures to overcome existing barriers and expand economic and cultural cooperation between Uzbekistan and the Kyrgyz Republic. Not only does this promote economic security, but it also opens new opportunities for regional integration and interaction.
Economic Journalism
- Wednesday, 03 April 2024
The Secretariat of the Investment Council is launching the "Economic Journalism" program. This is a great opportunity for participants to meet with experts and business representatives to discuss and analyze current economic topics.
The purpose of the event:
- To stimulate effective dialogue between the media, the business community, and economic experts in order to improve the quality of public discourse.
- To strengthen the role of economic journalism as a foundation for an informed and educated society that contributes to sustainable development and the country's investment appeal.
- To develop journalists' professional skills in the fields of economics, finance, and investment, with an emphasis on analyzing and understanding economic processes in the Kyrgyz Republic.
Monthly meetings are anticipated on current economic topics and issues, with business representatives and economic experts, offering in-depth analysis and a critical look at the selected themes. Live discussions will help expand your journalistic horizons.
Venue: Bishkek, Igemberdieva Street, 1a, "Aurora" Business Center, office 410, Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic.
We invite journalists interested in economic journalism to fill out a special form to register for the program (link below). https://forms.gle/rUq9QcVsgyGdANKL8
