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Kyrgyz Republic

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INVEST IN KYRGYZ REPUBLIC

Oasis of the Great Silk Road

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WHY KYRGYZ REPUBLIC

   


 * TRADE HUB
   
   
   
   Kyrgyz Republic is the most important transit country in Central Asia region,
   as the main freight transportation routes are located along its territory –
   both towards north-east (from Kazakhstan to Russia towards Tajikistan and
   Afghanistan), as well as towards southeast (connection of Central Asia with
   China).
   
   


 * BILATERAL AGREEMENTS
   
   
   
   Presently, the Kyrgyz Republic is a party to bilateral agreements on mutual
   support, encouragement and protection of investment (capital expenditure)
   with more than 20 countries, including countries such as USA, Germany,
   Switzerland, Kazakhstan, Russia, China, India, South Korea, the United
   Kingdom and others.
   
   


 * FREE ECONOMIC ZONES
   
   
   
   Free economic zones provide special customs privileges to exporting and
   importing companies. Companies operating in these zones may import, store,
   produce or sell goods in the territory of the zone without paying taxes or
   customs duties
   
   


 * VISA FREE REGIME
   
   
   
   Kyrgyz Republic creates favorable conditions for the development of tourism
   and business entries into the country.
   
   


 * SKILLED AND CHEAP LABOR
   
   
   
   One of the important characteristics of the Kyrgyz labor market is the
   fast-growing working population, which is underpinned by the country’s high
   birth rate.
   
   


 * ISLAND OF DEMOCRACY
   
   
   
   The Kyrgyz Republic is seen as the most democratic and open society in
   Central Asia, and one of the world’s most open economies. Its transition from
   a centrally planned to a market economy was one of the most remarkable in the
   region.
   
   

   

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KEY INDUSTRIES

Kyrgyz Republic is traditionally strong in agricultural sector. There are
however other industries that possess huge development potential. Hydro energy,
tourism and textile processing are among them.


 * AGRICULTURE
   
   Kyrgyz Republic has very advantageous position for development of agriculture
   industry for its favorable climate, naturally cultivated agro products, and
   territorial advantage
   Read more


 * TEXTILE
   
   Kyrgyz Republic’s textile industry is labor-intensive, and the general ratio
   of labor costs within the overall costs is high. The Textile industry is
   expanding. The expansion is mainly caused due to available labor force among
   young generation and cheap labor.
   Read more


 * HYDRO ENERGY
   
   Kyrgyz Republic has a great number of large and medium sized rivers offering
   significant hydropower potential, estimated at 140-170 TWh. Kyrgyz Republic
   has sufficient quantities of water of excellent quality for municipal and
   industrial use for the foreseeable future.
   Read more


 * TOURISM
   
   Kyrgyz Republic is a very unique place all around the year. Travelers visit
   beautiful lakes such as Issyk-Kul, Sary-Chelek, and Son-Kol. Amazing chain of
   mountains are the best destination for alpinists in summer and for skiers in
   winter.
   Read more


REGIONS

Kyrgyz Republic is a landlocked country located in the heart of Central Asia.
The capital is Bishkek. It has borders with Kazakhstan to the north, Uzbekistan
to the west, Tajikistan to the southwest, and the People's Republic of China to
the east. The country is divided into seven provinces (oblasts), which are
Batken, Chuy, Djalal-Abad, Issyk-Kul, Naryn, Osh and Talas.


CITY OF BISHKEK

Key industries: software Development
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CITY OF OSH

Key industries: agriculture, Tourism
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CHUY

Key industries: industry
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ISSYK-KUL

Key industries: tourism, Gold mining
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JALALABAD

Key industries: hydroenergy
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NARYN

Key industries: stockbreeding
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BATKEN

Key industries: agriculture, Tourism
Read more


OSH

Key industries: agriculture, Tourism
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TALAS

Key industries: agriculture
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BENCHMARK KYRGYZ REPUBLIC

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SUCCESS STORIES


SUCCESS STORY OF OJSC UNITED CEMENT GROUP

OJSC United Cement Group is an Open Joint Stock Company and is listed in the
Kyrgyz Stock Exchange with 10.266M shares outstanding and price per share –
8.2645 KGS. The year 1964 is considered the beginning of the historical
chronicle of the United Cement Group as a manufacturer of high-quality and
sought-after products, which enjoyed success both inside the Kyrgyz Republic and
abroad. During the existence of the plant from 1964 to 2018, 46 million tons of
cement were produced. A cascade of hydroelectric power stations on the Naryn
River, dams on the Talas and Sokuluk rivers, airports of the Kyrgyz Republic, as
well as buildings of the Baikonur aerospace complex were built on the cement of
OJSC United Cement Group.


SUCCESS STORY OF PEPSICO

At the end of October 2000, Wimm-Bill-Dann Foods acquired a controlling stake in
the Bishkeksut dairy. In 2002, production capacity was 8 tons of UHT milk per
hour. Putting into the assortment of this category allowed to expand the volume
of exports to neighboring countries – Kazakhstan, Uzbekistan, and Tajikistan. In
2010, PepsiCo acquired 66% of Wimm-Bill-Dann shares in amount of transactions
about $ 3.8 billion. The shareholder value of Wimm-Bill-Dann was estimated at $
5.2 billion. The acquisition of Wimm-Bill-Dann made PepsiCo the largest food and
beverage company, a leader in the rapidly growing dairy category. The addition
of Wimm-Bill-Dann products to the PepsiCo product portfolio was financially
beneficial and made it possible to build a strong platform for further growth in
the dairy product category.


SUCCESS STORY OF BEELINE (VEON)

In 1997 LLC “Bitel” was introduced to the Kyrgyz market and in 2006 under the
brand “Bitel” LLC Sky Mobile began to provide communication services. In 2009
“Bitel” is rebranded to “Beeline” and in 2010 Sky Mobile LLC is a member of the
VEON Ltd providing communication, data transmission, and Internet access in
Kyrgyz Republic. As of December 2018, Beeline has 7.6M of customers with a
mobile penetration rate at 123.2% operating in 63 stores including 4 743 point
of sales. VEON, a parent company of Beeline, is a multinational
telecommunication services company, provides essential communications and
digital services to 210 million customers in ten countries and drives long-term
growth from capital investment in developing markets while reducing operating
costs in order to maximize shareholder returns. Veon Ltd has its shares listed
in the New York Stock Exchange since 1996 and […]


SUCCESS STORY OF HYATT REGENCY

Hyatt Corporation is one of the leading hotel companies around the globe and has
also developed other special hotel concepts–the Grand Hyatt, the Park Hyatt,
Hyatt Regency, Classic Residence etc. In 2009 Hyatt stock began trading publicly
on the New York Stock Exchange. Not only does the stock offering ensured a
strong capital base to help spark future growth, it also introduced a new level
of visibility into Hyatt’s operations for investors, developers and the public
alike. As of today, market capitalization is accounted for $7,754.63M and shares
outstanding – 105.33M. In Kyrgyz Republic, HYATT Regency, at first, was a soviet
hotel “Kyrgyzstan,” which was built in 1971, and after the collapse of the USSR,
repaired and thus, its appearance has changed drastically. Now it is the only
international 5-star luxury hotel brand in Bishkek with the top Mediterranean
Bishkek […]


SUCCESS STORY OF FINCA BANK

CJSC Finca Bank entered the Kyrgyz market in 1995 as a USAID program to support
and provide low-income people with access to the goods and services required for
business development and the enhancement of living standards. In 2003 FINCA
Kyrgyz Republic is re-registered as Joint Stock Closed (CJSC) “FINCA Microcredit
Company” and became a member of the Credit Information Bureau. In March 2015,
the CJSC “FINCA Microcredit Company” obtains a banking license and is
transformed into CJSC “FINCA Bank”, fully licensed to take deposits for the
first time. By 2018, the bank holds more than USD 42 million in client deposits
and increased its customer base to more than 100 000. Net profit of the bank in
2017 was 5.827 million USD.


SUCCESS STORY OF ALLIANCE ALTYN

Alliance Altyn LLC was registered in 2015 in Talas region, Kyrgyz Republic. It
is a part of “Russkaya Platina” group. Alliance Altyn has a license for
development of field “Jerooy” until 28 August 2035. From 2015 they started
geological works and environmental engineering studies. They totally spent for
these works 679.4 thousand USD. In years 2018-2031 Alliance Altyn plans open pit
mining with output of 1.3 million tons of ore per year, 58.2 tons of gold. In
years 2031-2043 they plan underground mining with output of 700 thousand of ore
per year, 28.7 tons of gold. According to data of 2016, total spending for the
project is 307 million USD.


SUCCESS STORY OF NOVOTEL BISHKEK

Novotel Bishkek City Center is a part of Accor Group. Accor is a French company
which was founded in 1967. It has over 4800 hotels in 100 countries with about
280,000 employees.  In 2018, total revenue was about 3.61 bln. USD. Accor
Group’s hotels are divided into classes like Sofitel (luxury hotels), Pullman
(top class hotels), Novotel (middle class hotels), etc. The first Novotel was
founded in 1967, in French city Lille. It had 62 one-typed rooms with area of 25
. And now, in 2019, Novotel is opening in Bishkek city. It offers leisure and
business guests a comfortable accommodation and easy access to main attractions
of the city with contemporary designed rooms. Also, it has different cuisines in
hotel restaurants and many spa facilities for relaxation. Estimated investment
size into Novotel Bishkek City Center is 25 mln. USD.


SUCCESS STORY OF CENTERRA GOLD INC.

Centerra Gold is Canadian gold-mining company, which works on production of gold
and copper. Its main asset is “Kumtor” gold mine, which is located in Kyrgyz
Republic. Also, it owns “Mount Milligan” gold mine, which operates in British
Columbia for many years.  As of 2019, Centerra Gold stocks 14.2 million ounces
of gold and 2.5 billion pounds of copper. In 2017, total revenue of the company
was 2.1 billion USD with net profit 209.5 million USD. Centerra Gold is one of
the most important companies for Kyrgyz Republic’s economy. It provides more
than 3600 workplaces. From 1997 to 2018, in “Kumtor” gold mine were produced
more than 12.1 million ounces of gold. Deposits of gold in “Kumtor” are
estimated at 700 tons. From 1994 to 2018, total payments of the company on
Kyrgyz Republic’s territory are around 3.77 billion USD. […]


SUCCESS STORY OF DEMIRBANK

Demir Kyrgyz International Bank was established in 1997. It is the first
international commercial bank operating in Kyrgyz Republic. In years of
formation, bank has a number of obstacles that could ruin the bank, such as
Russian crisis in 1998, Turkish crisis 2000. Bank not only survived this period,
but on the contrary, became one of the leaders of banking market in Kyrgyz
Republic. The main purpose of DemirBank is to provide wide specter of banking
services to corporate clients and individuals with implementation of innovative
banking services. Nowadays, DemirBank is not only one of the biggest banks
(share capital on 2018 amounts 600 million soms) in Kyrgyz Republic, but also is
a big contributor to the development of the country’s economy and significantly
improved the banking system of the Kyrgyz Republic. DemirBank is an active
member of different business […]


GAZPROM NEFT ASIA

Gazprom Neft Asia is one of the biggest oil traders in Kyrgyz Republic. In 2006,
it was registered in our country. The main activities of the company are
wholesale and retail of petroleum products. From to 2006 to 2017, Gazprom Neft
Asia supplied and sold more than 5.5 million tons of high-quality products from
Russian Federation. Also, the company payed 36 milliard somes as taxes to the
government. There are a lot of social responsibility programs realized by
Gazprom. In 2009, the company financed the nanotechnology laboratory in
Kyrgyz-Russian Slavic university, which made an outstanding impact on students’
practical knowledge. Moreover, the company granted scholarships for students in
amount of more than 5 million soms in years 2008-2014. In 2010, in Gazprom Neft
Asia was created own metrological center for certification, quality and
metrology. So, from 2010 to 2017 the […]

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This investment map is made possible by the support of the   American People
through the United States Agency for International Development (USAID.)  The
contents of this investment map are the sole responsibility of ACDI/VOCA and
Nathan Associates and do not necessarily reflect the views of USAID or the
United States Government.


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