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n May 13, 2020, IBC Executive Director Askar Sydykov and Bishkek Vice Mayor Almaz Baketaev considered measures to restore the economy provided for by the Parliament’s Act “Towards New Economic Freedom and Development”.

The meeting participants also discussed the post-crisis recovery of economic activity in the country, raised at a meeting of President of the Kyrgyz Republic Sooronbai Jeenbekov with business representatives on May 11.

Askar Sydykov told how IBC helps its members resolve issues related to the emergency regime in a number of cities and regions of the country. Through its information center, the IBC shares the information it has, contacts the state bodies in order to quickly solve the emerging problems. Through its Information Center, IBC shares the information it has and contacts the relevant state bodies to quickly resolve the issues that arise. In addition, the necessary information is regularly published on the IBC website.

The IBC head also informed about the IBC recommendations to the second package of the Government’s anti-crisis measures.

The proposals were related to the exemption of SMEs from basic taxes, reduction of social deduction rates, assistance in resolving bureaucratic issues for backbone companies in each industry, as well as the development of business-friendly algorithms for quarantine measures. In addition, it was proposed to consider a number of structural reforms in the economy, to simplify business as much as possible and to create conditions for the development of financial, IT and other services in the SEZ.

In February 2020, an Investment Council was created at the Bishkek Mayor's Office, which included the heads of 25 large companies operating in Bishkek, as well as the heads of business associations. The IBC Executive Director is a Council member.

Mayor of Bishkek, Aziz Surakmatov is the Council Chairman, and Vice-Mayor Almaz Baketaev is his deputy.