You are here -allRefer - Reference - Country Study & Country Guide - Kyrgyzstan >

allRefer Reference and Encyclopedia Resource

allRefer    
allRefer
   


-- Country Study & Guide --     

 

Kyrgyzstan

 
Country Guide
Afghanistan
Albania
Algeria
Angola
Armenia
Austria
Azerbaijan
Bahrain
Bangladesh
Belarus
Belize
Bhutan
Bolivia
Brazil
Bulgaria
Cambodia
Chad
Chile
China
Colombia
Caribbean Islands
Comoros
Cyprus
Czechoslovakia
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Ethiopia
Finland
Georgia
Germany
Germany (East)
Ghana
Guyana
Haiti
Honduras
Hungary
India
Indonesia
Iran
Iraq
Israel
Cote d'Ivoire
Japan
Jordan
Kazakhstan
Kuwait
Kyrgyzstan
Latvia
Laos
Lebanon
Libya
Lithuania
Macau
Madagascar
Maldives
Mauritania
Mauritius
Mexico
Moldova
Mongolia
Nepal
Nicaragua
Nigeria
North Korea
Oman
Pakistan
Panama
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Russia
Saudi Arabia
Seychelles
Singapore
Somalia
South Africa
South Korea
Soviet Union [USSR]
Spain
Sri Lanka
Sudan
Syria
Tajikistan
Thailand
Turkmenistan
Turkey
Uganda
United Arab Emirates
Uruguay
Uzbekistan
Venezuela
Vietnam
Yugoslavia
Zaire

Kyrgyzstan

Foreign Investment

Domestic economic investment declined precipitously in the early 1990s, with government investment falling 55 percent in 1994 alone. In the first quarter of 1995, total public and private investment was reported to be 391 million som, of which about 75 percent went to the Kumtor joint-venture gold field. To stimulate foreign investment, the Kyrgyz government has adopted a series of measures to improve the republic's deteriorating economic environment. In the late 1980s, the republic already had begun creating a legal infrastructure to support private investment. The Basic Foreign Investment Law, adopted in June 1991, has been amended several times since that time. In general, this law allows foreign investors full use of their profits, including unlimited export of profits in the form of foreign currency or merchandise.

Foreign firms also enjoy considerable tax advantages, which extend to Kyrgyzstani partners in joint ventures. Investors are granted relief from import duties on materials needed to establish a business, and they continue receiving tax relief for up to five years, depending on their type of business. After that time, several other types of tax relief are available, including various forms of reinvestment in Kyrgyzstan's economy.

As of April 1995, some 328 joint ventures were registered, but only 128 were actually in operation, the vast majority in trade. Only thirty-eight joint ventures were active in manufacturing or mining. At that time, sixty-eight foreign firms (outside the CIS) were registered, the majority of which were Chinese, Afghan, and Turkish. Some fifty-two Russian and thirty-six United States firms were present in some capacity. Kyrgyzstan was among the first of the former Soviet republics to create free economic zones, on the Chinese model, where taxes would be abated and duties waived. The government initially created two such zones, in Naryn and Osh, with another under consideration in Bishkek. The zones became the object of heated debate, however, and by 1995 only the Naryn zone had taken form as planned. The only large-scale foreign investment has been in the gold industry, where the Cameco and the United States Morrison-Knudson Corporation are participating in joint ventures.

Data as of March 1996

 

Kyrgyzstan - TABLE OF CONTENTS

  • The Economy
  • Transportation and Telecommunications


  • Go Up - Top of Page



    Make allRefer Reference your HomepageAdd allRefer Reference to your FavoritesGo to Top of PagePrint this PageSend this Page to a Friend


    Information Courtesy: The Library of Congress - Country Studies


    Content on this web site is provided for informational purposes only. We accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities.

     

     

     
     


    About Us | Contact Us | Terms of Use | Privacy | Links Directory
    Link to allRefer | Add allRefer Search to your site

    ©allRefer
    All Rights reserved. Site best viewed in 800 x 600 resolution.