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IBC head urges to ensure security for doing business

October 23, 2020

IBC Executive Director Askar Sydykov called for ensuring complete security for doing business at a meeting of the Business Development and Investment Council under the Government chaired by acting President, Prime Minister Sadyr Japarov.

The meeting participants discussed measures to stabilize the economy, protect the rights and property of entrepreneurs.

The IBC head suggested:

- To ensure complete safety for doing business (security, outreach to local communities and public guarantees (appeal) of the acting President);

- Introduce a moratorium on all types of inspections of private businesses by law enforcement and fiscal authorities;

- Revise taxes previously charged to businesses and cancel unjustified additional charges;

- The Government should create a document on guarantees for investors and investments (IBC has drafted a government resolution);

- More often hold Investment Council meeting / operational meetings of business with the Prime Minister during this difficult transition period.

- Create the Operational Headquarters of the Government to provide assistance to industrial enterprises.