Newsroom
OSCE co-funded seminars to help Kyrgyzstan boost foreign direct investment
BISHKEK 6 April 2005
BISHKEK, 6 April 2005 - Developing business plans in accordance with best international standards to help encourage foreign direct investment in Kyrgyzstan is the focus of a three-day training seminar that began today in the capital, Bishkek.
The main objective of the seminar for managers of small and medium-sized enterprises is to enhance the technical capacity of local entrepreneurs to develop comprehensive business plans that can be presented to potential donors as solid investment projects.
Participants will present drafts of their investment projects, which will be reviewed by seminar experts and then returned for finalization. The entrepreneurs will forward their final investment projects, which will be stored in a unified database of the Ministry of Economic Development, Industry and Trade, within three months.
Similar seminars will be held in all seven provinces of the country over the next two months.
The series of regional seminars is a joint project of the Ministry of Economic Development, Industry and Trade and the Secretariat of the Consultative Council on Foreign Investment of the Kyrgyz Republic, with financial support from the OSCE Centre in Bishkek and the EU.
Following the seminars, the OSCE Centre in Bishkek will fund a team of national experts to work on Investment Project Guides for leading sectors of economy such as mining, food processing and agriculture. Each Guide will include around 100 actual investment project proposals, coming from seminar participants. The Guides will be distributed among potential investors through embassies, key ministries and business community.
"There can be no economic development without security and stability, and no security and stability without economic development," said Asim Acikel, Economic and Environmental Officer of the OSCE Centre in Bishkek.
"It should be a high priority for Kyrgyzstan to win the confidence of investors by building an open dialogue with potential investors."
The main objective of the seminar for managers of small and medium-sized enterprises is to enhance the technical capacity of local entrepreneurs to develop comprehensive business plans that can be presented to potential donors as solid investment projects.
Participants will present drafts of their investment projects, which will be reviewed by seminar experts and then returned for finalization. The entrepreneurs will forward their final investment projects, which will be stored in a unified database of the Ministry of Economic Development, Industry and Trade, within three months.
Similar seminars will be held in all seven provinces of the country over the next two months.
The series of regional seminars is a joint project of the Ministry of Economic Development, Industry and Trade and the Secretariat of the Consultative Council on Foreign Investment of the Kyrgyz Republic, with financial support from the OSCE Centre in Bishkek and the EU.
Following the seminars, the OSCE Centre in Bishkek will fund a team of national experts to work on Investment Project Guides for leading sectors of economy such as mining, food processing and agriculture. Each Guide will include around 100 actual investment project proposals, coming from seminar participants. The Guides will be distributed among potential investors through embassies, key ministries and business community.
"There can be no economic development without security and stability, and no security and stability without economic development," said Asim Acikel, Economic and Environmental Officer of the OSCE Centre in Bishkek.
"It should be a high priority for Kyrgyzstan to win the confidence of investors by building an open dialogue with potential investors."