AGP Executive Report
Last update: 8 hours agoGrowth: Kyrgyzstan’s GDP rose 10.8% in January–September to 1.64 trillion soms. Construction output grew more than 1.6-fold, while prices climbed 8.1%; goods trade reached $12 billion in the first eight months, up 13.3%. Industry: A new plant launched with Tatarstan to make equipment for energy and infrastructure projects. In Chui, a fish-processing plant with capacity for 3,000 tonnes a year opened after nearly $10 million in investment, including Russian-Kyrgyz Development Fund financing. Business Finance: The Entrepreneurship Development Fund has become a microfinance company, raising its maximum business loan from 5 million to 9 million soms. A pilot scheme will also offer entrepreneurs up to 150,000 soms for each eligible unemployed person they hire. Trade and Investment: Kyrgyzstan plans to open a trade house in Lahore, with Pakistan to establish one in Bishkek. Officials also discussed potential Hong Kong investment in tourism, halal food and Islamic finance. Agriculture: A six-month potato import ban is set to take effect to support local producers. Customs: The World Customs Organization praised Kyrgyzstan’s modernization efforts as officials met in Bishkek to discuss digital customs and more efficient regional trade.
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