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Government of Kyrgyzstan to help businesses with preferential loans, reduction in number of licenses

06/12/16 14:46, Bishkek – 24.kg news agency, by Tatyana KUDRYAVTSEVA

The government of Kyrgyzstan will help the businesses with preferential loans, reduction in the number of licenses and the export of goods. The Minister of Economy Arzybek Kozhoshev outlined such priorities today at a meeting with businessmen.

He told that 700 million soms will be allocated in 2017 to support farmers. Half of the funds will be spent on livestock and crop production, and the second - on the processing sector.

If there are additional funds, they will be allocated for cheap loans for the garment industry.

"The Ministry of Economy submitted to the government the issue of subsidizing interest rates for export-oriented companies. Their list has already been drawn up at the instruction of the Prime Minister. At present, there are 300 companies," Arzybek Kozhoshev said. 

He recalled that Kyrgyzstan has the most liberal tax legislation. However, he admitted that there are some shortcomings. The Ministry of Economy has once again developed a new version of the Tax Code exactly to correct them. 


URL: http://eng.24.kg/economics/183176-news24.html
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Exchange rate from 4 February
National Bank of Kyrgyz Republic
USD 69.4463
EUR 74.6131
RUB 1.1708
KZT 0.2156
UZS 0.0212
Weighted average exchange rate of som on February 3
USD 69.4300


Weather forecast
05.02.2017
  night day
Bishkek
-24...-18 -10...-5
Talas
-17...-14 -13...-7
Jalal-Abad
-14...-10 -11...-5
Osh
-16...-9 -8...-4
Batken
-12...-8 -8...-3
Naryn
-27...-24 -19...-12
Cholpon-Ata
-27...-20 -14...-11


GLANCE
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QUOTES

«When we ran in the elections, we said that would even get the moon and the sun from the sky ».
MP Kamchybek Joldoshbayev at a meeting of Parliament, February 2, 2017.

«What have you done besides sale of donkeys to China?».
Deputy Ryskeldi Mombekov to the head of State Inspectorate for Veterinary and Phytosanitary Safety Kalysbek Zhumakanov at a meeting of Parliament, February 1, 2017.
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