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Meeting of the Investment Council under the president of the Kyrgyz Republic 16 December 2008

Meeting of the Investment Council under the president of the Kyrgyz Republic 16 December 2008. On the results of Investment Council Work 2007-2008. Secretary of the Investment Council Т. Koichumanov. Investment indicators. Main barriers to business: examples.

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Meeting of the Investment Council under the president of the Kyrgyz Republic 16 December 2008

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  1. Meeting of the Investment Council under the president of the Kyrgyz Republic16 December 2008 On the results of Investment Council Work2007-2008 Secretaryof the Investment Council Т. Koichumanov

  2. Investment indicators

  3. Main barriers to business: examples • Number of permits and licenses – more than 750 • Inspections of business entities - more than50thousand. • Time for dealing with licenses– more than 290 days

  4. Investment Council Principles of Activity • Permanent control over implementation of accepted decisions • Significance and urgency of raised issues • Implementation of raised issues • Issues for agenda raised by business

  5. Implementation of raised issues • Improvement of position in international ratings • Reduction of inspections by 64% • Reduction of export/import procedures by 23 % • Reduction of time for dealing with licenses in construction complex from 291 to 137 days • Provision of national treatment for establishing the rent for foreigninvestors • Reduction of procedures from 8 to 4 and time from 21 to 15 in business registration

  6. Informing business and population • Web-site of IC – www.investmentcouncil.kg • 3 regional work shops, in Bishkek (forChuy and Talass oblasts), Osh (for south oblasts), at Issyk-Kul (forNaryn and Issyk-Kul oblasts) • 1 enlargedmeeting • 3 investmentforums • 3 round tables • 1 international conference

  7. Developed and approved: • 6 Laws (oninspections, on guillotine, on business registration, on construction complex, on protection of investors rights, on credit information) • 3 Presidential Decrees • 15 Government Resolutions

  8. Investment Council Self-evaluation

  9. «Problem Issues» • «Single window» concept in business registration • Implementation of the Presidential Decree on export/import • Guillotine • Introducing e-visa

  10. Plan for 2009-2010 1. Implementation of decisions taken before • Implementation of medium-term plan on “Doing Business” • Implementation of pilot projects on optimization of permissive and regulatory system • Control over implementation of the law on inspections • Implementation of Presidential Decree on export/import procedures • Introducing e-visa

  11. Plan for 2009-2010 2. New issues: • Improvement of tax and customs administration • Leasing degraded irrigated land fromAgricultural Land Reallocation Fund to foreign investors • Improvement of position of the Kyrgyz Republic in international ratings UNCTAD, World Economic Forum Global Competitiveness Index, Index of Economic Freedom

  12. Planned indicators of business environment improvement

  13. Thank you for your attention!

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