December 25, 2019

Last year, the volume of foreign investment was increased by 38%, Kyrgyz President Sooronbai Jeenbekov said at a final press conference at the Ala-Archa state residence on December 25.

A total of  $ 577 million investments recieved over the 9 months of 2019, its a increased of 67.3% compared to the same period of 2018.According to him, 61% of investments came in most of regions of the country.  President Ceenbekov also listed several activities aimed to improve the investment climate in the country, such as, a newly established investments shall not be controlled during the first two years. The introduction of a business ombudsman institute for protecting the rights of entrepreneurs, An information system for electronic registration of legal entities and an electronic notary project has been launched, Within the framework of the project on fiscalization of tax procedures, an electronic patent, an electronic invoice, and online cash registers have been introduced. Enterprises involved in the import of technological equipment are exempted from customs duties.

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