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  • Guarantee support for entrepreneurs of cities – growth points

    The Concept of the Regional Policy of the Kyrgyz Republic for the period 2018-2022, adopted by the Government of the Kyrgyz Republic No. 194 of March 31, 2017, is being implemented in Kyrgyzstan.

    As it is known, within the framework of the Concept, 20 pilot cities were selected as growth points, since the uneven distribution of the main production facilities is currently maintained: more than 70% of GDP is traditionally formed due to the gross regional product of the city of Bishkek, Chui, Jalal-Abad and Issyk-Kul regions.

    The concept defines new approaches to the development of regions: the formation of economic centers at the growth points to increase the economic activity of the population, the introduction and development of regional specialization, the formation of clusters, the creation of necessary conditions in the regions for the provision of quality public services, the formation of individual approaches to the development of each region.

                Today OJSC “Guarantee Fund” actively works in the regions of the republic, including in the cities – growth points, providing guarantee support to entrepreneurs, helping them in implementing business projects, contributing to the socio-economic development of local territories.

    Information on guarantees issued in cities-growth points as at 30.09.2018

    Name of the city Number of guarantees, units Amount of guarantees, KGS million Amount of loans, KGS million
    Bishkek 130 227,5 968,4
    Osh 25 41,0 200,3
    Jalal-Abad 16 8,1 22,8
    Kara-Suu 12 6,2 19,7
    Karakol 10 18,8 41,3
    Balykchy 7 3,7 10,8
    Kochkor 6 2,8 7,0
    Naryn 4 2,2 5,2
    Batken 3 0,8 2,2
    Kadamzhai 3 1,7 5,1
    Talas 7 4,7 11,9
    Kerben 3 1,7 4,3
    Kara-Balta 3 2,6 7,0
    Uzgen 2 1,7 4,9
    Tokmok 2 1,3 3,2
    Isfana 1 0,2 1,0
    Kochkor-Ata 1 3,4 7,0
    Tash-Kumyr 1 1,5 3,0
    Sary-Tash
    Kara – Kul
    Total: 236 330,1 1 325,0

    Reference: The list of 20 growth points includes cities – Bishkek, Tokmok, Kara-Balta, Karakol, Balykchy, Naryn, Kochkor, Talas, Osh, Uzgen, Kara-Suu, Sary-Tash, Batken, Isfana, Kadamzhai, Jalal-Abad, Tash Kumyr, Kerben and Kochkor-Ata. Primary production facilities should be located around these growth points. At the same time, industrial and processing industries should be mainly focused on the use of local raw materials and products of local agricultural producers (according to the Ministry of Economy of the Kyrgyz Republic).

    The Chairman of OJSC “GF” Malik Abakirov was twice awarded the Certificate of Honor of the Public Council of the SPMF

    The Chairman of OJSC “GF” Malik Abakirov was twice awarded the Certificate of Honor of the Public Council of the SPMF

    On September 28, 2018, the State Property Management Fund under the Government of the Kyrgyz Republic (SPMF) hosted the annual awarding ceremony for winners of the republican rating of top managers of companies who occupied leading positions in terms of indicators of return on assets, as well as dynamics of return on assets in 2017.

    By the decision of the Public Council of the SPMF, the Chairman of the Board of OJSC “Guarantee Fund” Malik Abakirov was twice awarded the Certificate of Honor for the achieved results. This is evidence of effective management in the company he leads, as well as the recognition of Malik Abakirov as the best manager according to the ranking in terms of dynamics of return on assets for 2017 and one of the best in indicators of return on assets.

    According to Islambek Mursabekov, the Chairman of the Public Council of the SPMF, awarding the Heads of the state-owned companies is recognition of their contribution to the development of the state-owned companies. Thus, in the rating of the Public Council on the dynamics of return on assets among joint stock companies, according to the results of 2017, Malik Abakirov, the head of OJSC “Guarantee Fund”, was ranked 1st. The second and third places were for the leaders of “Kyrgyzneftegaz” and OJSC “State Mortgage Company”.

    The Chairman of the Board of OJSC “Guarantee Fund” also took the third place in the rating of the Public Council in terms of indicators of return on assets. Here the Council awarded the first and second places to the heads of CJSC “Alfatelecom” and OJSC “Kyrgyzneftegaz”.