There is a bill with amendments to the law “On Foreign Migration”, drafted by the Investment Promotion and Export Agency with the participation of the International Business Council (IBC). The bill was submitted to Parliament but it has not been discussed yet.

October 28, 2016

Number of those indifferent to EEU growing, survey says

Overall, the level of support exceeds 60%, according to the findings of the EDB Integration Barometer, a yearly research conducted by Eurasian Development Bank's (EDB) Centre for Integration Studies. In 2016, 8,500 people from seven CIS countries – Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, and Tajikistan – took part in the survey.

October 25, 2016

Untapped potential of Kyrgyzstan’s tourism industry

According to international experts, Kyrgyzstan currently uses less than 15 percent of its tourist potential. Further development of tourism requires urgent solution of many issues at the state and interstate levels, IBC Executive Director said at the recent roundtable to discuss problems and prospects of the tourism industry in Kyrgyzstan.

October 15, 2016

Kyrgyzstan and China to boost investment, trade

Chinese investments in Kyrgyzstan amounted to $120 million in the first 8 months of 2016, 57.5% more compared to the same period in 2015.

October 3, 2016

IFRS news: IFRS 9: Financial Instruments – high level summary

IFRS 9 is effective for annual periods beginning on or after 1 January 2018 and, subject to local endorsement requirements, is available for early adoption.

October 3, 2016

The implementation of IFRS 9 impairment requirements by banks

The Global Public Policy Committee (GPPC) has issued its report “The implementation of IFRS 9 impairment requirements by banks”, which aims to promote the implementation of accounting for expected credit losses to a high standard.

September 7, 2016

Kyrgyzstan and Turkmenistan reviving business relations

A large delegation of Turkmen business people recently visited Kyrgyzstan to explore the local market and offer their products here.

August 10, 2016

The obligation of owners of establishments for leisure to pay the royalty fee when using musical compositions under the copyright law of the Kyrgyz Republic

August 1, 2016

Kyrgyzstan investment visa: difficult to obtain and expensive

Kyrgyzstan can attract investors by issuing residence permits for them, says Askar Sydykov, the executive director of the International Business Council (IBC) based in Bishkek. “Our openness including an open visa policy can be good for attracting investors".

July 5, 2016

Technology, Media and Telecommunications Predictions 2016

Our objective with TMT Predictions is to identify critical inflection points that we believe should inform industry strategic thinking, and to explain how we think these will manifest over the next 12-18 months for companies in Technology, Media, Telecommunications (TMT), and other industries.