Kyrgyzstan expects increase in investments in 2017, Deputy Prime Minister of Kyrgyzstan Oleg Pankratov announced.
According to him, countries of EEU remain the main market outlet for Kyrgyzstan. Meanwhile, the Eurasian Economic Union makes republic attractive for investors.
“We have open market of 180 million people in front of us. Of course, there was no immediate result. It is expected that active investments will start coming in 2017. We count on the increase in budget revenues”, Oleg Pankratov said.
He added that the accession of the Kyrgyz Republic to the EEU had coincided with a crisis, so tax revenues fell slightly.
“However, they are at a high level. Tax revenues from the business in 2014 amounted to 82.6 billion soms, and by the end of 2016 we expect 107.6 billion soms. We began producing more vegetable products, but exports fell by 50%. We do not see the volume of trade, which we have expected. It should be noted that the experts predicted a sharp rise in prices, stoppage of sewing manufacture, doom of Dordoi market, but this did not happen. The purchasing power of the Russians has changed. If they had bought European goods, now they actively purchase the Kyrgyz ones”, Oleg Pankratov said. (24.kg/Business World Magazine)
