kyrgyzstan business outreach forum athens, april 2-3, 2009
TRANSCRIPT
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KyrgyzstanKyrgyzstan
Business Outreach ForumBusiness Outreach ForumAthens, April 2-3, 2009Athens, April 2-3, 2009
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Kyrgyz RepublicKyrgyz Republic KyrgyzstanKyrgyzstan is situated in the north-eastern part of Central Asia. It borders with Uzbekistan in the west, Kazakhstan in the north, with Tajikistan in the south and with China in the east.
Capital Bishkek Population 5.2 mln. Total area 199.900 km2 Climate Arid,
continental GDP € 4.07 billion External Trade € 4.14 billion HD Index 0.696 (116
rank)
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Investment ClimateInvestment Climate Liberal investments regimeMember of WTO and EurAsECLow custom tariffs “One stop Shop” principle to be introduced in external trade starting 2010 Favorable tax regime (profit tax -10%, VAT -12%, import of equipment is VAT free) Inexpensive laborHigh literacy rate - 99.9%
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Investment ClimateInvestment Climate Investment guarantees
Equal investments rights of domestic and foreign investors
• Export or repatriation of profit gained on investment
• Protection against expropriation
• Protection and restitution of infringed rights of investors
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Investment ClimateInvestment Climate
Index 2008 2009
Doing Business 99 68
Change +31
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Poverty LevelPoverty Level
• 35%• Urban: 23,2% • Rural: 41,7%• Regional disparities• Poverty has rural
phenomena • 1,829 mln. population
live below poverty, 75,9 % of which are rural residents
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Share of main sectors in GDPShare of main sectors in GDP (%)(%)
Share of main sectors in Share of main sectors in employmentemployment (%) (%)
35
18
31
24
20
37
50
37
3330
28
32 32
43
50
0
10
20
30
40
50
60
1991 1996 2001 2004 2007
Industry Agriculture Services
27
17
10
1821
36
47
53
3936
3836 36
44 43
0
10
20
30
40
50
60
1991 1996 2001 2004 2007
Industry Agriculture Services
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Poverty level and employment by Poverty level and employment by sectorssectors
Poverty Level, % Employment %
Sector Total Urban Rural Total Urban Rural
Total 35 23.2 41.7 100 35 65
Agriculture 54 26 56 40 2 38
Industry 34 27 43 17 9 8
Market services 33 25 43 24 14 10
Public services 34 24 44 19 9 10
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Country Priority Country Priority SectorsSectors
• Mining• Tourism• Agriculture• Transport and
communications• Energy supply
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Opportunities for pro-poor Opportunities for pro-poor investmentsinvestments
Agriculture
Share in GDP - 31% Infrastructure:
– 71163 private farms– 273 collective farms– 281 associations
Sector priorities:
– Seed-farming– Selective breeding– Farming equipment
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Agricultural ProcessingAgricultural Processing
• Inexpensive raw material of high quality
• New opportunities for development of high quality products – cheese and other diary products, jams, dry tomatoes, pastes, nuts, green herbs, honey
• Share in GDP - 2,9% • 480 enterprises engage 24
100 employees
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Opportunities for pro-poor Opportunities for pro-poor investmentsinvestments
Eco-tourism
Kyrgyzstan is a mountainous country famous for its natural heritage including its high peaks, glaciers, lakes, snow leopards and other attractions.
• Share in GDP-4,1%
• Volume of services in 2008 – € 398.19 mln– Trekking– Horse riding– Mountain biking– Rafting– Skiing
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Opportunities for pro-poor Opportunities for pro-poor investmentsinvestments
Alternative renewable sources of energy, including Micro-Hydro Power stations (MHP)
• Share - 0,17% of total power balance
• High potential for renewable energy supply – 850 mln. tons of standard coal– Solar– Manure gas– Wind– Micro-Hydro Power stationsMHP– Total waterpower potential of 172 rivers and
streams acceptable for development - 5-8 billion. Kwh per year
– Potential for constructing 92 new stations
– Rehabilitation of 39 existing stations
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Contact informationContact information
UNDPNuria Choibaeva, UNDP Poverty Reduction Programme [email protected]
Government
Investment Council under the President of the Kyrgyz Republicwww.investmentcouncil.kg
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Thank you!Thank you!