Bishkek, July 14, 2022 . /Kabar/. "We intend to enter the world stock markets. A country that has entered the world markets is moving towards rapid economic growth," Akylbek Zhaparov, the Chairman of the Cabinet of Ministers of Kyrgyzstan said during an enlarged meeting of the Cabinet on Thursday.
"If we have large companies with a capital of $1 billion, it will be easier for them to enter the international market. For this purpose, we created three large joint-stock companies: Kyrgyzindustry, National Holding Heritage of the Great Nomads and Tourism Development Support Fund,” he said.
Zhaparov added that in 2022 the growth rate of the world economy is not negative, but it is expected to slow down by 4.1% due to results of COVID-19 pandemic and the geopolitical situation.
The head of the Kyrgyz Cabinet added that in order to ensure modernization of industry and effective management of economic facilities with 100% state participation, Kyrgyzindustry JSC was created.
“32 of the 100 projects are being actively worked on, and 14 projects are already underway. For example, an enterprise in the field of sewing accessories, an enterprise for the assembly of computer parts, an enterprise for the import of nails and fittings. National Holding Company Heritage of the Great Nomads started its work and is currently implementing 32 major projects in the field of mining. Also, Tourism Development Fund with a charter capital of KGS 1 billion was established. Extensive work has begun, business plans with a project cost of $70 and $100 million are being considered," concluded Akylbek Zhaparov.
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