Kyrgyzstan: 7 companies to help sell Kara-Keche and Min-Kush fields

7 consulting companies are ready to help sell Kara-Keche and Min-Kush fields (Ak-Ulak section), the Chairman of the State Committee for Industry, Energy and Mining Duyshenbek Zilaliev declared. Applications for consulting services were received from “Beyond Investment Group” LLC, “Deloitte & Touche”, “Marka Audit Bishkek”, “Industrial electric maden”, “Standard Develop Consult”, “KPMG Tax and Advisory”…

Kyrgyzstan: foreign trade turnover with the EAEU member-states down

In January-November of 2016 Kyrgyzstan decreased foreign trade turnover with the member-states of the Eurasian Economic Union (EAEU) by 16.7%, the Prime Minister of Kyrgyzstan Sooronbay Jeenbekov declared. The foreign trade turnover with the EAEU totaled $1.744 billion. In January-November 2016 the import supplies reached $3.62 billion, down by 0.1%. Imports reduced, due to lowering…

Kyrgyzstan: recession overcome

The Kyrgyz government believes that the main result of 2016 was the overcoming of the deep recession of the national economy and the preservation of positive dynamics of economic growth, Minister of Economy of Kyrgyzstan Arzybek Kozhoshev said at a Cabinet meeting. According to him, from the beginning of the year, the economy showed a…

Kyrgyzstan: capital outflow continues

Outflow of capital in January-September 2016 reached $161.3 million, the Minister of Economy Arzybek Kozhoshev said at a government meeting. According to him, economic decline and inflation in the countries – main trade partners (Russia, Belarus and Kazakhstan), were among the negative factors that affected the economy of Kyrgyzstan in 2016. In particular, inflation in…

Kyrgyzstan to choose best exporter

“Best Exporter” national competition will be held in Kyrgyzstan in 2017, Information Support Department of the government’s executive office reported. The decision to hold the competition was signed by the Prime Minister Sooronbay Jeenbekov. Competition is aimed at increasing export potential of the country, development of the industrial, tourism and agricultural complexes, stimulation of the…

Kyrgyzstan: land tax to increase

Due to changes in calculating land tax mechanism, its rate in Kyrgyzstan can grow 100 times, Chairperson of the Association of Suppliers and Distributors Gulnara Uskenbaeva reported. In the new edition of the Tax Code, which is currently being discussed by the business community, the land tax rate, depending on the area and type of…