Kyrgyz Government creates most favorable conditions for business

Bishkek, Nov. 30, 2017. /Kabar/. Vice Prime Minister Daiyr Kenekeev took part in the international conference "Prospects for the development of arbitration institutions in Central Asia" in Bishkek, organized by the Chamber of Commerce and Industry of our country.

The event was connected with the 15th anniversary of the International Arbitration Court at the Chamber of Commerce and Industry of the Kyrgyz Republic. It was attended by representatives of state bodies of the country, business and international organizations.

Keenekeev said that the government will continue taking all necessary measures aimed at supporting and stimulating domestic business.

"Recently, the fourth meeting of the National Council for Sustainable Development was held, at which the draft of the Country Development Strategy was considered until 2040. The main priority of the project is to create the most favorable conditions for doing business in Kyrgyzstan," Kenekeev said.

The Vice Prime Minister noted that the government is currently implementing the mid-term program "Forty Steps to New Era", in which two main areas are related to the support and development of business in the country.

"The first direction is the national program" Taza Koom ", reduces bureaucratic barriers in the provision of public services by digitizing relations between the state and business. This direction’s measure will also reduce corruption risks. The second direction is called "Together with business", which will be focused on creating favorable conditions for both beginners and active entrepreneurs, "Kenekeev said.

He also stressed the role of arbitration institutions, such as the International Arbitration Court at the Chamber of Commerce and Industry of the Kyrgyz Republic in creating favorable conditions for business by resolving disputes in civil legal relations.

"Since the foundation of the International Arbitration Court at the Chamber of Commerce and Industry, over 800 economic disputes have been considered. The total amount of claims of which amounted to over $ 77 million," Kenekeev said.

A permanent International Arbitration Court at the Chamber of Commerce and Industry of the Kyrgyz Republic is the leading arbitration institution in the country, which ensures the prompt and qualitative resolution of economic disputes by independent professional arbitrators.