On April 15th in Bishkek, the Secretariat team of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic held an official meeting with a delegation from the Chinese automotive company 'Chengdu-Hunmen,' which specializes in car supplies. According to the company, its annual trading volume exceeds 50 billion yuan, and it delivers over 300,000 vehicles annually. The company controls 35% of the market in Western China and provides services for the maintenance and support of electric vehicles. Collaborating with 75 countries and regions in the field of car exports, the company has sold goods totaling over 980 million US dollars throughout its operation. The company is also engaged in industrial technologies, investments, and other activities, employing over 1,000 staff members.

During the meeting, representatives of the Chinese company thoroughly briefed the attendees on their current operations, including international projects, and expressed interest in expanding their business in the Kyrgyz Republic. Proposals for collaboration in the development of infrastructure for electric vehicles and the possibilities of establishing joint ventures were discussed.

The Secretariat of the Investment Council expressed support for this initiative and confirmed its readiness to provide comprehensive assistance in establishing and developing Kyrgyz-Chinese business relations. Both parties emphasized the importance of this direction for the economic growth and modernization of the country's production sector and agreed on plans for subsequent meetings to specify projects and discuss technical and economic aspects of the forthcoming cooperation.

PRESS RELEASE

Meeting of the Regional Investment Council in Osh

Osh, Kyrgyz Republic

On April 12, 2024, the inaugural session of the Regional Investment Council under the Plenipotentiary Representative of the President of the Kyrgyz Republic in Osh region was held in the city of Osh. The event brought together representatives from both the public and private sectors to discuss the economic progress of the region.

The main goal of the event was to foster public-private dialogue and explore ways to develop the regional economy. Special attention was given to updates in tax policy and the development of public-private partnerships, which are key to creating favorable conditions for business and attracting investments.

The meeting was greeted by several notable speakers: Uluk Kydyrbaev, Head of the Secretariat of the Investment Council of the Kyrgyz Republic; Ainura Usenbekova, Deputy Minister of Economy and Commerce of the Kyrgyz Republic; Monica Rizal, Deputy Permanent Representative of UNDP in the Kyrgyz Republic; Nurbek Anarbekin, Director of the PPP Center; and Nurlan Musuraliev, Acting Business Ombudsman. The session was moderated by Ilyaz Tashbaev, Deputy Plenipotentiary Representative of the President of the Kyrgyz Republic in the Osh region.

In his address, Ilyaz Tashbaev highlighted the pivotal role of investments: “The role of investments in the economy is of particular importance. A stable economy and transparent business operations are the foundations for the bright future of our country. Today, I can proudly say that the Regional Investment Council under the Authorized Representative of the President of the KR in the Osh region has commenced its operations.”

Uluk Kydyrbaev emphasized the importance of the regional council, " Today’s event promotes the Governmental plans and priorities to ensure sustainable and inclusive dialogue between the government, entrepreneurs and local authorities to jointly determine the regional agenda for development of the business and investments, involve businesses in regulatory policy, co-develop recommendations and engage them in the implementation of the regional development policy".

Monica Rizal noted that the UNDP representation in Kyrgyzstan would continue to support the strengthening of the Regional (Investment) Councils: "On behalf of UNDP, I am pleased to affirm our support for the fortification of the Regional Investment Council in Osh region. We are committed to supporting the establishment of similar councils in other regions of the country."

During the event, participants were presented with presentations on the activities of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic and the Regional Investment Councils; representatives of the PPP Center discussed the procedure and mechanism for implementing PPP projects, reforms of the PPP Center, and the Draft Law “On Further Improvement of Legislation in the Sphere of Public-Private Partnership.” Participants also learned about the role of investments in youth entrepreneurship, exemplified by Osh State University, with special attention given to new opportunities for electronic interaction with the State Tax Service (reporting, tax payments, etc.) and specifics of taxation for agricultural producers.

Additionally, the PPP Center awarded letters of appreciation to representatives of government bodies and private organizations for their contributions to the development of public-private partnership in the Osh region.

Towards the end of the session, participants had the opportunity to ask questions directly to government officials and receive firsthand answers.

The organizers of the event included:

The Office of the Plenipotentiary Representative of the President of the Kyrgyz Republic in Osh region, the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic, the Public-Private Partnership Center under the National Agency for Investment under the President of the Kyrgyz Republic, the State Tax Service under the Ministry of Finance of the Kyrgyz Republic, supported by UNDP in Kyrgyzstan.

As the crescent moon ushers in the end of Ramadan and brings with it the joyous celebration of Eid al-Fitr, the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic extends its warmest Eid Mubarak wishes to all.

This blessed occasion marks a time of reflection, gratitude, and renewal of faith. It is a moment to cherish peace, foster understanding, and embody the spirit of compassion towards all.

May this Eid bring abundant joy, prosperity, and health to you and your families. Let us also remember to support those in need and to work together for the betterment of our community and the sustainable development of the Kyrgyz Republic.

Eid Mubarak! May your homes be filled with happiness and your hearts with contentment.

https://www.facebook.com/InvestmentCouncil/videos/1080967876306332 

On April 5, 2024, under the chairmanship of the Chairman of the Cabinet of Ministers of the Kyrgyz Republic / Chairman of the Investment Council, Akylbek Zhaparov Usenbekovich, the next meeting of the Investment Council was held at the Administration of the President of the Kyrgyz Republic with the participation of representatives from business associations, government structures, development funds, state banks, international organizations, and the Secretariat of the Investment Council.

The agenda included a number of important issues, including:

• Reports from development funds and state banks on the work carried out and plans for 2024 - State Development Bank of the Kyrgyz Republic, Open Joint Stock Company "Ayil Bank", Open Joint Stock Company "RSK Bank", Russian-Kyrgyz Development Fund, Uzbek-Kyrgyz Development Fund, and Hungarian-Kyrgyz Development Fund;
• On the catalog of investment projects;
• On the Work Plan of the Investment Council for 2024.

"The heads of development funds and state banks are required to attract new investments to the state, introduce new standards. Each of you works on projects in different sectors, but at the same time, can fully solve the problem of one sector. For this, you all need to decide which sector is lagging, for example, if financing projects for chicken meat production, there will be no issues in this sector, and import volumes will decrease," said Akylbek Zhaparov.

The Secretary of the Council, Uluk Kydyrbaev Asankaryevich, shared that as part of the directive on the development of regional councils, on April 12, a meeting of the Regional Investment Council under the Authorized Representative of the President of the Kyrgyz Republic in the Osh region will take place. It will bring together representatives of the public and private sectors to discuss the current and future economic progress of the region.