Investments

The Kyrgyz investment climate remained sufficiently attractive, enhanced by the liberal tax, exchange and customs legislations, not to mention all the advantages associated with WTO membership. The government prioritizes the development of small and medium enterprises (SMEs), and is further improving the conditions for all businesses by decreasing the average tax burden.

In 2006, the country achieved considerable success in attracting foreign direct investments. FDI from CIS countries increased more than threefold to USD 157 million. An additional USD 178 million was attracted from other countries, such as Germany (15.9%) and United Kingdom (11.3%).

Large Kyrgyz enterprises draw substantial benefits from cooperation with foreign direct investors, who introduce advanced technologies, new equipment and quality operating standards to Kyrgyz businesses. Prime example of such international cooperation include the Kyrgyz-Canadian gold-mining company “Kumtor”, “Gazpromneft Asia”, ‘Kant cement-slate industrial complex”, “Interglass” glass production factory, cellular communications operators “Sky Mobile”, “Megacom”, “Fonex” and telephone operator ”SaimaTelecom”, as well as a host of others.