Kyrgyzstan's economic week July 16-21, 2018

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To be integrated. One of the most optimal ways to solve the problems associated with restrictions in the field of geographical remoteness, infrastructure problems, the need for rational use of natural resources is the strengthening of regional cooperation, Minister of Economy of Kyrgyzstan Oleg Pankratov told at the 3rd Centers of the Central Asian Regional Economic Cooperation (CAREC) Think Tanks Development Forum speaking about the integration of the countries of Central Asia and the Eurasian Economic Union.

He said that, the formation of large regional associations, including CAREC, is inextricably linked with the process of globalization and this process is irreversible.

About jewelers. Experts and analysts from the BizExpert analytical center together with the OSCE, as well as representatives of the Government of the Kyrgyz Republic, discussed the problems and issues of the jewelry business in Kyrgyzstan. The theme of the round table was: "The expectation of business, the results of monitoring the implementation of the decisions of the Council on Regulatory Reform in the jewelry sector."

As a result of the discussions, recommendations were developed that should give an impetus to solving the accumulated problems in the sector, both in the business environment and specifically in the jewelry industry in the Kyrgyz Republic.

Financial supervision and USA. The delegation of the State Financial Supervision Service of Kyrgyzstan paid an official visit to the United States to the World Bank (Washington) and the International Federation of Accountants (New York) on July 8-16, 2018, the press service of the ministry reported.

The issues of coordination on the implementation of the Audit and Financial Reporting Development Project, implementing by the World Bank and the State Financial Supervision Service with the financial support of the Swiss Bureau of Economic Development (SECO) were discussed In Washington.

Within the framework of this visit, on July 12, 2018, Kyrgyzstan signed an agreement with the International Federation of Accountants on permission to reproduce, publish and distribute copyright materials on the use of International Standards on Auditing in the territory of the Kyrgyz Republic. The international audit standards have been recognized by the Kyrgyz Republic since 2003 by a decree of the Government of the Kyrgyz Republic. International standards for auditing are issued by the Committee on International Standards on Auditing and Confirmation of Information.

In Kyrgyzstan today there are 401 certified auditors and 110 audit companies.

Exhibition on Silk Road. The 4th exhibition of goods of the countries of the Silk Road was held in Bishkek this week. The event was organized by the Chamber of Commerce and Industry of the Kyrgyz Republic, the Kyrgyz-Chinese Chamber of Commerce and Investment and the Business Consulting Organization of Huaha International.

The event is organized by the Chamber of Commerce and Industry of the Kyrgyz Republic, the Kyrgyz-Chinese Chamber of Commerce and Investment and the Huahe International business consultancy structure.

About 35 companies of China presented their products at the exhibition, who arrived in Kyrgyzstan to establish partnership relations with business circles of our republic.

According to data of experts in 2017, the trade between China and Kyrgyzstan amounted to more than $1.5 billion, and this figure continues to grow steadily.

Naryn Free Economic Zone. Minister of Economy of the Kyrgyz Republic Oleg Pankratov met with representatives of DP WORLD, the largest operator of seaports, land logistics complexes and free economic zones (FEZ), which is managed by the world's largest investor and development company Dubai World, owned by the UAE government.

The DP World delegation was led by Nadia Abdullah Mohamad Al Murzuki, who is the executive director of the World Customs program.

During the meeting, the head of the delegation acquainted the minister with the structure and activity of the company. Nadia Abdullah Mohamad Al Murzuki expressed high interest in implementing investment projects in the Kyrgyz Republic and building mutually beneficial cooperation.

Attractive business of Kyrgyz Republic. This week Kyrgyzstan signed a number of export contracts for a total of $ 1.9 million and investment agreements for $ 33 million.

The signing of 9 documents took place within the framework of the V International Economic Forum "Issyk-Kul 2018" in Cholpon-Ata.

Economic forum on the shore. Potential investors from the near and far abroad countries got acquainted with the goods produced in Kyrgyzstan at the exhibition in Cholpon-Ata, which was organized this week.

Products of Kyrgyz producers were presented for tasting and testing within the framework of the V International Economic Forum "Issyk-Kul 2018", organized by the Investments Promotion and Protection Agency of Kyrgyzstan.

Guests from the United Arab Emirates, Russia, Kazakhstan, Uzbekistan, Russia and China tasted national drinks and snacks with great interest, as well as assessed the quality of textile and plastic products produced in the country.

Kabar News Agency

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