Doing Business in the Kyrgyz Republic
EENI - Business School.
Subject (Course): International Trade and Business in Kyrgyzstan - Bishkek. Syllabus:
- Introduction to the Kyrgyz Republic (Kyrgyzstan) - Central Asia
- Kyrgyz economy
- Business in Bishkek.
- Economic Profile of the Kyrgyzstan regions
- Banking System
- Foreign Trade of the Kyrgyz Republic. Custom
- Foreign Direct Investment (FDI)
- Reasons for Invest in Kyrgyzstan
- Business Opportunities in the Kyrgyz Republic
- Light industry
- Agro-industrial sector
- Electric-power industry
- Case Study: Kumtor Gold (33% of the Kyrgyz export of goods and services)
- Access to the Kyrgyz market
- Business Plan for Kyrgyzstan
Objectives of the subject “Doing Business in the Kyrgyz
- To analyse the Kyrgyz economy and foreign trade
- To evaluate business opportunities in the Kyrgyz Republic
- To explore Kyrgyzstan's trade relations with the student's country
- To know Kyrgyzstan's Free Trade Agreements (FTAs)
- To examine the profile of Kyrgyz companies
- To develop a business plan for the Kyrgyz market
Sample of the subject - Doing Business in Kyrgyzstan:
Subject Description (Doing Business in Kyrgyzstan).
The Kyrgyz Republic: the Central Asian Trade Oasis.
- Kyrgyzstan as a strategic position (trans-shipment, the Silk Way) between Europe and Asia
- Kyrgyz Population: 5.6 millions of people
- Literacy rate: 98%.
- The capital of Kyrgyzstan: Bishkek
- The official language: Kyrgyz language (based on the Cyrillic alphabet).
- Russian is also spoken in the Kyrgyz Republic
- Area: 199,951 square kilometres
- Borders of the Kyrgyz Republic: China, Kazakhstan, Tajikistan, and Uzbekistan
- Kyrgyz independence: 1991 (from the Soviet Union)
- The Kyrgyz Republic belongs to the Sunni-Turkic cultural
area of the Islamic Civilisation.
The main religion in Kyrgyzstan:
- Islam (80% of the population).
- Orthodox: 20%.
Kyrgyzstan belongs to the Central Eurasian Economic Area of the Islamic Civilisation.
The economy of the Kyrgyz Republic.
- Huge reserves of natural resources and fresh water
- Top sectors of the Kyrgyz economy: hydro-power, mining, agriculture, tourism, food processing industry, and building materials
- Mineral resources: gold, tungsten, aluminium, and coal
- Kyrgyz food processing industry (10,000 companies): sugar, fruits, milk, and cereals
- Kyrgyz export: precious metals, electricity, agricultural products, industrial goods, food processing products, and textile
- Liberal trade regime
- FDI growth: 27%.
- Strong economic cooperation with Pakistan
- Five Free Economic Zones in Bishkek (2), Naryn, Karakol, and Maimak
- Jalalabad oblast: strong industry, mineral resources, agriculture, and tourism
The Kyrgyz Republic has Preferential Access and Free Trade Agreements:
- Agreement on trade and economic cooperation between the Kyrgyz Republic and the Islamic Republic of Pakistan
- Free Trade Agreements (FTA) with Armenia, Kazakhstan, Moldova, the Russian Federation, Ukraine, and Uzbekistan
- Commonwealth of Independent States (CIS)
- Economic Cooperation Organisation (ECO)
- Shanghai Cooperation Organisation (SCO)
- Eurasian Economic Union (EEU)
- Eurasian Economic Community (EurAsEC)
- Most-favoured-nation treatment regime
Kyrgyzstan is a member of:
- Cooperation Council of Turkic
Speaking States (Түрк кеңеш)
- Central Asia Regional Economic
Cooperation (CAREC) Programme
- Organisation of Islamic Cooperation (OIC)
- Islamic Development Bank
- United Nations Organisation (UN)
- World Trade Organisation (WTO)
- Organisation for security and cooperation in Europe (OSCE)
- Economic Social Commission Asia-Pacific (ESCAP)
- Asian Development Bank
- Member of the Central Asia-South Asia Regional Electricity Market (CASAREM)
with Afghanistan, Kyrgyzstan, Pakistan, and Tajikistan