The Ministry of Economy and Commerce of Kyrgyzstan hosted the E-Commerce Expo 2024, a milestone event aimed at accelerating digital transformation across Central Asia. The event attracted over 600 participants, including business leaders, government officials, entrepreneurs, and representatives from international organisations, marking a key moment in the region’s journey toward a robust digital economy.
The E-Commerce Expo 2024 provided a platform for collaboration and knowledge exchange on emerging digital tools and trends. The forum aimed to accelerate intra-regional business connections, promote stakeholder dialogue, and drive the growth of e-commerce, all while enhancing participants' understanding of the digital economy.
“E-commerce in Kyrgyzstan is rapidly evolving, and we are committed to creating the conditions necessary for it to become a vital component of our economy. The recently adopted laws and programs to support e-commerce, along with our collaboration with the private sector and international partners, are unlocking new opportunities for entrepreneurs and enhancing confidence in the e-commerce landscape. The E-COM EXPO 2024 forum serves as a crucial platform for discussing joint initiatives and developing actionable plans for advancing the e-commerce market,” said Nazarbek Malaev, Deputy Minister of Economy and Commerce of Kyrgyzstan.
United Nations Development Programme (UNDP) plays a pivotal role in advancing digital development in Kyrgyzstan through various initiatives focused on enhancing digital infrastructure, building capacity, and promoting policies that support digitalisation and social cohesion. Through initiatives like the Digital Readiness Assessment and the Joint Digital Health Programme UNDP exemplifies its commitment to equipping individuals and businesses, particularly in rural areas, with the tools necessary for success in an increasingly digital world.
“Digital transformation is a key driver for e-commerce, which, in turn, generates jobs, builds businesses, and supports sustainable economic growth. UNDP is committed to ensuring that Kyrgyzstan’s digital transformation leaves no one behind, with a special focus on youth, women, rural communities, and persons with disabilities. Our work aligns closely with the country’s Conception of Digital Transformation for 2024-2028, promoting a cohesive and prosperous society.”-said Alexandra Solovieva, UNDP Resident Representative.
As part of this broader vision, UNDP is supporting the development of an E-commerce Park in Kyrgyzstan, which will offer a preferential regulatory regime for e-commerce enterprises. This effort is designed to attract investment and stimulate the growth of the business ecosystem. The e-commerce sector is expected to grow from $360 million in 2024 to $595.7 million by 2028, with tax revenues set to more than double by 2025.
Furthermore, by 2025, UNDP’s E-commerce incubation programme aims to train more than 50 micro, small, and medium enterprises (MSMEs) in digital marketing and online sales, reinforcing the private sector’s competitiveness in the global digital economy.
"Kyrgyzstan is uniquely positioned to attract investment, advance entrepreneurship, and establish itself as a competitive player in the global digital economy. It is essential that we leverage this potential effectively,” said Aibek Kurenkeev, President of the E-Commerce Association of Kyrgyzstan.
UNDP is also spearheading efforts to equip young entrepreneurs with the skills needed to thrive in the digital marketplace. Initiatives such as Sanarip Aiymdar have empowered over 180 young women with digital skills, leading to employment opportunities for more than half of the participants. Additionally, the Janyration Aimak initiative has supported 76 youth-led startups across key regions, generating 378 jobs and contributing to local economic development.
Overall, the discussions and workshops during the forum addressed the challenges and opportunities within the e-commerce landscape, equipping participants with valuable insights to thrive in a rapidly evolving digital economy. The event catalysed meaningful progress in digital development, paving the way for inclusive growth and innovation in Central Asia.
Organised with the support of UNDP and other stakeholders, the forum facilitated knowledge exchange, encouraged collaboration, and established vital business connections among participants. By informing and popularizing digital economy tools, fostering open dialogue, and stimulating e-commerce development, this forum marks a critical step forward in enhancing the digital landscape of Central Asia, paving the way for future growth, innovation and cohesion.
Reported by Kabar (Kyrgyzstan).
Today at Parliament's Budget Committee meeting, deputies will consider amendments to the bill on the Accounts Chamber's activities, which have sparked heated discussions among MPs. One of the most controversial issues is granting the agency new powers to audit organisations commissioned by the president or parliament, including private companies.
MP Dastan...
Today at Parliament's Budget Committee meeting, deputies will consider amendments to the bill on the Accounts Chamber's activities, which have sparked heated discussions among MPs. One of the most controversial issues is granting the agency new powers to audit organisations commissioned by the president or parliament, including private companies.
MP Dastan...
Kyrgyzstan has introduced a visa-free regime for organised tourist groups from China, Deputy Chairman of the Cabinet of Ministers of Kyrgyzstan Edil Baisalov said during a meeting with Deputy Chairwoman of the All-China Committee of the Chinese People's Political Consultative Conference, Chairwoman of the All-China Women's Federation Shen Yueyue in...
Kyrgyzstan has introduced a visa-free regime for organised tourist groups from China, Deputy Chairman of the Cabinet of Ministers of Kyrgyzstan Edil Baisalov said during a meeting with Deputy Chairwoman of the All-China Committee of the Chinese People's Political Consultative Conference, Chairwoman of the All-China Women's Federation Shen Yueyue in...
Deputy Chairman of the Cabinet of Ministers Edil Baisalov attended the 11th Forum of Cooperation China Central Asia, held in Yinchuan City, Ningxia Hui Autonomous Region of the People's Republic of China.
In his speech, Edil Baisalov noted that this Forum is an important step for deepening and expanding traditionally friendly...
Deputy Chairman of the Cabinet of Ministers Edil Baisalov attended the 11th Forum of Cooperation China Central Asia, held in Yinchuan City, Ningxia Hui Autonomous Region of the People's Republic of China.
In his speech, Edil Baisalov noted that this Forum is an important step for deepening and expanding traditionally friendly...
Deputy Kubanychbek Samakov asked at a meeting of the Committee on International Affairs, Defence, Security and Migration why Kyrgyzstan takes a loan of $79 million from Saudi Arabia at 1% per annum, while selling apartments built using this money to the population at 8% per annum.
Deputies discussed in the second...
Deputy Kubanychbek Samakov asked at a meeting of the Committee on International Affairs, Defence, Security and Migration why Kyrgyzstan takes a loan of $79 million from Saudi Arabia at 1% per annum, while selling apartments built using this money to the population at 8% per annum.
Deputies discussed in the second...
On 24 October within the UZCARD FORUM-2024 the heads of UZCARD (Uzbekistan) and Interbank Processing Centre (Elkart NPS operator, Kyrgyzstan) signed a memorandum of cooperation. IPC reported about it.
Thus, the heads of national payment systems confirmed their readiness to launch a large-scale joint project, which will allow mutual acceptance of...
On 24 October within the UZCARD FORUM-2024 the heads of UZCARD (Uzbekistan) and Interbank Processing Centre (Elkart NPS operator, Kyrgyzstan) signed a memorandum of cooperation. IPC reported about it.
Thus, the heads of national payment systems confirmed their readiness to launch a large-scale joint project, which will allow mutual acceptance of...
The repurchase price of an ounce of gold bullion bars from the National Bank of Kyrgyzstan for October 28 was set at 237,61.5 KGS.
One day earlier, the regulator bought back from the population bars weighing 31.1035 grams at 237,108.5 KGS. Thus, an ounce cheapened by 47 KGS over the day.
As...
The repurchase price of an ounce of gold bullion bars from the National Bank of Kyrgyzstan for October 28 was set at 237,61.5 KGS.
One day earlier, the regulator bought back from the population bars weighing 31.1035 grams at 237,108.5 KGS. Thus, an ounce cheapened by 47 KGS over the day.
As...
Almazbek Sokeyev, Deputy Minister of Water Resources, Agriculture and Processing Industry of Kyrgyzstan, who oversees water resources, told at a meeting of the Committee on Agrarian Policy, Water Resources, Ecology and Regional Development of the Parliament how much water goes to neighbouring countries.
According to him, this year Kazakhstan received 138...
Almazbek Sokeyev, Deputy Minister of Water Resources, Agriculture and Processing Industry of Kyrgyzstan, who oversees water resources, told at a meeting of the Committee on Agrarian Policy, Water Resources, Ecology and Regional Development of the Parliament how much water goes to neighbouring countries.
According to him, this year Kazakhstan received 138...
The Ministry of Water Resources has announced the opening of applications for the allocation of tariff quota volumes for imports of certain types of meat for the 2025 first phase.
Acceptance of applications will last until 18:00 on 13 November 2024. Distribution of quotas is carried out following the Decree of...
The Ministry of Water Resources has announced the opening of applications for the allocation of tariff quota volumes for imports of certain types of meat for the 2025 first phase.
Acceptance of applications will last until 18:00 on 13 November 2024. Distribution of quotas is carried out following the Decree of...
The weekly macroeconomic review of the Eurasian Development Bank (EDB) noted the growth of industrial production in Kyrgyzstan.
Analysts noted that in January-September of this year, this indicator amounted to 4.2%.
Statistics has improved markedly in recent months.
By the celebration of the 100th anniversary of the formation of the Kara-Kyrgyzstan Autonomous Oblast,...
The weekly macroeconomic review of the Eurasian Development Bank (EDB) noted the growth of industrial production in Kyrgyzstan.
Analysts noted that in January-September of this year, this indicator amounted to 4.2%.
Statistics has improved markedly in recent months.
By the celebration of the 100th anniversary of the formation of the Kara-Kyrgyzstan Autonomous Oblast,...
The Minister of Water Resources Bakyt Torobaev has conducted a field meeting at the base of KIRLand company a well-known manufacturer of paper bags in Kyrgyzstan.
The event was attended by relevant ministry and company leaders involved in production and environmental protection.
KIRLand, founded in 1995, is one of the republic's largest...
The Minister of Water Resources Bakyt Torobaev has conducted a field meeting at the base of KIRLand company a well-known manufacturer of paper bags in Kyrgyzstan.
The event was attended by relevant ministry and company leaders involved in production and environmental protection.
KIRLand, founded in 1995, is one of the republic's largest...
Deliveries of Chinese trucks to Kyrgyzstan increased by 65% in January-September 2024, according to data from the General Customs Administration of the People's Republic of China.
In nine months, 2 thousand trucks were imported from China.
In dollar terms, imports increased by 67% to $63 million. More than half of the trucks...
Deliveries of Chinese trucks to Kyrgyzstan increased by 65% in January-September 2024, according to data from the General Customs Administration of the People's Republic of China.
In nine months, 2 thousand trucks were imported from China.
In dollar terms, imports increased by 67% to $63 million. More than half of the trucks...
Turkiye will allocate $32 million for the Bishkek State Hospital of Kyrgyz-Turkish Friendship under the joint management agreement. Deputy Minister of Health Kaarmanbek Baidavletov announced it at a meeting of the Committee on International Affairs, Defence, Security and Migration of Parliament.
According to the deputy minister, the funds will be used...
Turkiye will allocate $32 million for the Bishkek State Hospital of Kyrgyz-Turkish Friendship under the joint management agreement. Deputy Minister of Health Kaarmanbek Baidavletov announced it at a meeting of the Committee on International Affairs, Defence, Security and Migration of Parliament.
According to the deputy minister, the funds will be used...
A recent analysis published by experts from the Centre for Macroeconomic Analysis and Short-term Forecasting (CMASF) recorded, in particular, a weakening (by indirect signs) of private investment activity in the second half of the third quarter. Thus, the level of supply of investment goods decreased markedly, and increased slightly in...
A recent analysis published by experts from the Centre for Macroeconomic Analysis and Short-term Forecasting (CMASF) recorded, in particular, a weakening (by indirect signs) of private investment activity in the second half of the third quarter. Thus, the level of supply of investment goods decreased markedly, and increased slightly in...
The Russian stock market started the new week depressively: the fall in oil prices was added to Friday's negative from the Central Bank. Investors see no reason to buy shares: on Monday, the Moscow Stock Exchange index slid by 1.57% to 2,618.42 points.
As the author of the Lazy Investor Telegram...
The Russian stock market started the new week depressively: the fall in oil prices was added to Friday's negative from the Central Bank. Investors see no reason to buy shares: on Monday, the Moscow Stock Exchange index slid by 1.57% to 2,618.42 points.
As the author of the Lazy Investor Telegram...
is 3% higher than a year ago, the company said on Monday.
By the previous period, nickel production increased by 16%, which is explained by the completion of the overhaul of the furnace at the Nadezhdinsky Metal Plant.
According to the results of 9 months of 2024, nickel production remained virtually unchanged...
is 3% higher than a year ago, the company said on Monday.
By the previous period, nickel production increased by 16%, which is explained by the completion of the overhaul of the furnace at the Nadezhdinsky Metal Plant.
According to the results of 9 months of 2024, nickel production remained virtually unchanged...
