Chairman of the Cabinet of Ministers of Kyrgyzstan, Akylbek Japarov, held a meeting of the Investment Council. Press service of the Cabinet reported.
The meeting was attended by representatives of business associations, international organizations and government agencies.
«By a presidential decree, service allowances were increased from October 1, 2022 to 80 percent of the annual payroll for military personnel and law enforcement officers. We have a lot of restoration work ahead of us. I want to thank business representatives and ordinary citizens for their assistance on these days. We will cope with the difficulties all together,» he said.
Akylbek Japarov noted that in 2021 the country received more than $1 billion of investments, and stressed the importance of introducing new approaches to attracting investments.
«The Cabinet of Ministers faces large-scale ambitious tasks. We are taking the top places in terms of economic growth, wage growth, and the level of income growth among the EAEU countries. I hope that in the next 5-6 years we will continue this trend. We increased trade thanks to fiscal reforms without introducing new taxes, without increasing the tax base. Through fiscalization, introduction of electronic invoices, cash registers, virtual warehouses, we tried to increase the revenue side of the budget at times. We need new approaches, new investments. I hope that the projects on construction of Kambarata HPP-1, China — Kyrgyzstan — Uzbekistan railway will become locomotives for attracting investments,» the head of the Cabinet said.
Issues of development of a program for Kyrgyzstan’s entry into the international capital market, development of non-cash payments and introduction of new financial instruments, development of renewable energy sources, licensing the use of groundwater for agricultural needs, and improvement of labor legislation in terms of achieving a balance of interests of workers and employers were discussed at the meeting of the Investment Council.
