Turkic States Unite for Economic Growth

On June 27, an international investment forum of Turkic States, organized by the Chamber of Commerce and Industry of the Kyrgyz Republic, took place on the shores of Issyk-Kul. The forum brought together representatives from six member countries: Kyrgyz Republic, Turkey, Azerbaijan, Kazakhstan, Uzbekistan, and Turkmenistan, as well as observer countries: Hungary, Northern Cyprus, and representatives from European chambers.

During the plenary session of the forum, Uluk Kydyrbaev, Head of the Secretariat of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic, delivered a presentation. In his speech, he highlighted the potential for joint growth and cooperation among Turkic States, emphasizing dynamic markets and the importance of economic partnerships. He also underscored strategic investment opportunities in the Kyrgyz Republic, presenting potential investment areas, including hydropower and green energy, tourism, agriculture, information technology, and more.

The forum also saw the participation of the Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic, Edil Baisalov, ambassadors accredited in the Kyrgyz Republic, and businessmen from Turkey, Azerbaijan, Kazakhstan, Uzbekistan, Turkmenistan, Hungary, Northern Cyprus, and representatives from European chambers.

Key topics of the forum included:

  • Investment potential of the Kyrgyz Republic
  • Export of products within member and observer countries of the OTS
  • Promotion of environmentally friendly products
  • Development of green energy
  • Prospects for the IT industry
  • Transformation of the banking sector in the context of modern challenges

The forum concluded with the signing of documents and outlined plans for future cooperation, emphasizing the importance of joint efforts for the development of the region's economy.