Bishkek, Dec. 21, 2018. /Kabar/. A working meeting was held under the chairmanship of Vice Prime Minister of Kyrgyzstan Zamirbek Askarov, at which a draft of measures to increase investment attractiveness was presented, the press service of the Kyrgyz Government Office reported.
Askarov stressed that the Government is actively working to attract investment into the republic’s economy, and therefore it is very important to take measures to increase the investment attractiveness of our republic.
Director of the Investment Promotion and Protection Agency of the Kyrgyz Republic Adylbek Shumkarbek uulu made a report on measures to increase investment attractiveness.
In his speech, he proposed increasing the return on the current investments. He noted that low profitability means low dividends, which in turn means low investment.
It was proposed to gradually move away from the monetary market and enter the capital market, where there are significant resources.
Representatives of concened state bodies expressed their opinions and proposals regarding the proposed package of measures.
The speakers noted the absence of standards limiting the immense growth of costs, leading to a decrease in the profitability of investments. The authorized capital of most enterprises is at the level of 1m000 soms, while the turnover of these enterprises often exceeds millions of soms. Introduction of clear and precise norms in accordance with technological standards will allow shareholders to give objective information about the profitability of their investments.
Following the discussion, the Vice Prime Minister instructed to send the proposals to the Ministry of Economy to summarize and introduce an appropriate package of measures to increase investment attractiveness.
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