Kyrgyzstan

Kyrgyzstan is a rugged Central Asian country along the Silk Road, the ancient trade route between China and the Mediterranean. The Tian Shan mountains, which surround the old caravan route and dominate the country, are home to snow leopards, lynx and sheep. In the south, the millennia-old city of Osh has a huge, busy bazaar that was a stop on the Silk Road.

ECONOMIC INDICATORS

GDP of the country has grown in 3.5 times within the last 10 years. Financial crisis has negatively influenced upon GDP of 2009, but economics of the country quickly rehabilitated and continued its growth. In accordance with the official forecast the GDP will be 13.7 bln. USD.

Stable growth of living standard, as the index of dynamically developing economics.

The kyrgyz Republic makes efforts for creatioin of favourable business climate. Owing to this, efforts the volume of the foreign investments for the last 10 years has increased more than in 4 times.

One to the data of the official statistics, the average uneployment level for the last 5 years is at the level of 8.5%. In 2013 it fell by 0.8% to the level of 7.7%. It is planned that the general level of uneployment will be reduced in the following years and will be 7.1% in 2016.

TOURISM

Over 67,000 operating companies 5.2% of all workers of the country Exports of services is 5600 million dollars, 7.8% of country’s GDP More than 3 million foreign visitors in a year.

Large Potential Of The Industry

• Health Tourism
• Sports Tourism
• Extreme Tourism
• Cultural Tourism
• Mountain Tourism
• Business Tourism
• Diving
• Event Tourism
• Water Tourism

Unique Issyk-Kul Lake is the second largest alpine lake in the world The country is crossed by the Great Silk Road which attracts thousands of tourists The growing trend of outbound tourism of nearby Southeast Asia and India The rating of the Globe Spots international group of independent travelers includes the Kyrgyz Republic in a list of 10 countries to visit in 2014.

VISA-FREE TRAVEL FOR 61 COUNTRIES: 

Australia, Austria, Belgium, Bosnia and Herzegovina, Vatican, Great Britain, Hungary, Germany, the Netherlands, Denmark, Greece, Iceland, Ireland, Italy, Spain, Canada, South Korea, Kuwait, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, New Zealand, Norway, UAE, Poland, Portugal, Saudi Arabia, Singapore, Siovakia, Siovenia, the USA, Finland, France, Croatia, Czech Republic, Switzerland, Sweden, Estonia, Qatar, Brunel, Bahrain, Japan, Azerbaijan, Armenia, Georgia, Moldova, Belarus, Kazakhstan, Russia, Tajikistan, Vietnam, North Korea, Cuba, Malaysia, Turkey, Ukraine, Uzbekistan, Mongolia.

INDUSTRIAL GROWTH

Based on simplified taxation system, the industry has actively been developing since last some years by using cheap raw materials. 

• Increase in volume of output - 59% in 5 years
• Output of products per year - 375 million USD
• Employment in the sector - 90000-150000 persons
• Average monthly wages - 170 USD
• Export directivity - 90% of products goes to markets of Russia, Kazakhstan and Europe
• Clothes export - 2nd place by volumes after gold
• More than 35000 continuing companies
• There is a simplified taxation system based on patent

So the growth of production output made up 59% over the last 5 years. In monetary terms annual production amounts to 375 million United States dollars. The sector employs 90000-150000 people. The average monthly salary is 170 United States dollars. The industry is oriented mainly on exports, 90% of the production goes to the markets of Russia, Kazakhstan and Europe. In the country clothing exports occupies the second place in terms of volume after gold production. More than 35000 companies operate in the sector. The industry has a simplified taxation system, based on a patent and this fact gave a big boost to rapid development.

AGRO INDUSTRIAL SECTOR

• Contribution to the economy - 17.5% of GDP 
• 33% of the country’s workforce is emplayed in the industry
• More than 383,000 agricultural subjects in registered in 2012
• The annual gross output of products is 3.5 billion U.S. dollars
• All agricultural products are exempted from 12% VAT (Value Added Tax)

Major Agri Products

• Grain • Wheat • Barley • Corn • Rice • Milk • Sugar • Beet • Cotton • Tobacco • Oilseeds • Potatoes • Eggs • Vegetables • Melons • Fruits • Berriers • Grapes • Meat • Wool

The agro-industrial sector is one of the most important and highly profitable in the Kyrgyz Republic. Contribution of the sector to the country economy is 17.5% of the GDP. 30% of the labor force is employed in industry. More than 357,000 agricultural entities were registered in 2012. Annual gross production output reaches 3.5 billion United States dollars. All agricultural products are exempted from 12% VAT (value added tax), which provides them with a competitive advantage in international markets.

TRANSPORT

MINING

The Kyrgyz Republic is one of the largest mineral deposits in Asia. The country is rich in mineral resources and is well known for its gold reserves and deposits of rare metals.

Currently, the mining industry is represented by the following sectors:

Gold: More than 60 gold deposits have been explored in the country; 

Non-ferrous metals: There are 7 large deposits of antimonyard 3 major deposits of tin and tungsten; 

Coal: Geological reserves and projected reserves of coking coal reach 260 Million Tons, which make it possible to begin work on their exploration and the construction of coke and by-product process; 

Oil and Gas: 15 oil and gas fields are developed in Jalal Abad, Osh and Batken oblasts; 

Deposits of construction materials: Hundreds of deposits of construction materials mining and chemical raw materials. Three operating cement plants with capacity of 1.37 Million Tones per year, dozens of brick factories; 

The level of investment inflow was 217.6 Million USD from 2010 to 2013 and has a tendency of growth.

Mineral Deposits: 

• Gold
• Tin
• Tungsten
• Antimony
• Mercury
• Berylium
• Rare Earths
• Aluminum
• Coal
• Oil & Gas

Mineral Deposits: 

• Operating
• Projected
• In Construction
• Stopped 

Cement Plants: 

• Operating

ELECTRIC POWER INDUSTRY

Electric power industry is strategic branch for Kyrgyz Republic. Hydroelectric Potential allows to provide electric power for both our country and nearest countries. 

• Hydraulic power industry - 53% of total volume of energy resources 
• There is 2% of the country’s GDP per sector
• 16% of industry output volume of the country
• The sector provides 10% of incomes to the republican budget
• Hydroelectric potential of the country - 142 bln kWh
• Country potential is engaged only for 8-9.5%

There is a big potential for development of small-scale and medium-scale power generation. Water resources of minor rivers are developed only for 3%.