Development of real sector ensures economic growth

Bishkek, July 28, 2022. /Kabar/. For the 500 days of Sadyr Zhaparov's presidency, a special edition of the newspaper has been published, his press service said. It presents the main socio-economic indicators of the country and their dynamics and statistical data. For example, such topics as "Increase in the budget", "Return of the Kumtor mine to Kyrgyzstan", "Increase in payments in the social sphere" are included. "When we talk about state enterprises, we see them as a subject of development - they must become the engine of the economy. This requires mechanisms and tools for development. To reform the economy, to introduce new plants and successfully implement the planned reforms, we have established a number of enterprises: - We will raise the authorized capital of Aiyl Bank from KGS 5.5 billion to USD 100 million. - The authorized capital of the RSK Bank – from KGS 5.4 billion to USD 100 million. - The authorized capital of Keremet Bank – KGS 8.7 billion. - The authorized capital of the State Development Bank – KGS 2 billion, it will be increased to USD 100 million. - Founded Kyrgyzindustry JSC with an authorized capital of KGS 1 billion. It is planned to produce accessories for sewing industry and furniture, as well as supporting materials, multifunctional printers, Wi-Fi-routers, control cash machines, computers and other innovative elements. - A national holding company Heritage of the Great Nomads has been established with an authorized capital of KGS 8 billion. It is planned to implement more than 30 projects in the mining, hydropower, education, tourism and other sectors of the economy. - The Tourism Development Fund with a charter capital of KGS 1 billion is established. The Fund plans to implement 34 projects this year. Of these, 10 are infrastructure projects and 9 are informational ones,” the article says.