The Minister of Economy explained how the authorities are assisting workers in the textile industry
According to him, preferential loans are being allocated to assist entrepreneurs, provided by two state banks. Currently, the total volume of support amounts to approximately 1 billion soms.
The head of the ministry noted that only officially operating companies have access to these loans. Representatives of the "gray" business, who do not possess a complete set of documents, cannot expect financial assistance from the government.
"The gray business includes those entrepreneurs who operate without the necessary documents. At the same time, those in the 'white list' are those who are officially registered, pay taxes, and comply with legal requirements. It is precisely such companies that are currently receiving loans," he explained.
Sydykov also added that entrepreneurs with zero reporting face difficulties in obtaining financing due to the lack of necessary declarations and supporting documents.
The Ministry of Economy clarified that partner banks use citizens' deposits for financing, so the transparency of borrowers plays a key role. Although collateral requirements remain, possibilities for simplifying lending conditions are being considered.
To receive government support, a business must be officially registered, have all the necessary permits, and conduct its activities in accordance with the law, the official emphasized.
In the fall of 2025, it was reported that changes in requirements in Russia led to a number of problems for representatives of the textile industry in Kyrgyzstan.
Read also:
Personal QR codes for business are banned. Banks are blocking accounts, cash is requested at the market.
Since 2020, there has been a rise in cashless payments in Kyrgyzstan. According to the National...
MDS: The law in this version will deprive citizens of the Kyrgyz Republic of jobs and the country of taxes
Recently, the International Business Council prepared an expert opinion and proposed its...
In Kyrgyzstan, there are plans to regulate artificial intelligence. What is behind this?
With the development of artificial intelligence, numerous questions arise regarding its regulation....
Business is ready to invest in people if reforms are conducted transparently
High-level consultations "From Doha to Bishkek" were held in Bishkek, resulting from the...
Aliya Choibekova: I help others launch projects and change their lives
Women entrepreneurship in Kyrgyzstan is becoming increasingly prominent. In particular, among...
Kyrgyzstanis Mainly Work Informally. What Reforms Could Change the Situation?
In 2025, an analytical report by the International Monetary Fund was presented, dedicated to the...
Kyrgyz Light Industry in Crisis. Why Are Goods Stuck at the Border with Russia?
In Kyrgyzstan, the sewing industry is facing a new crisis, caused not by a lack of orders or a...
300,000 companies may close in Kazakhstan due to tax reform. Consequences for the KR
A large-scale tax reform in Kazakhstan is already causing significant concern among representatives...
Sewing workshops in Bishkek are closing one after another. What will happen next?
The light industry of Kyrgyzstan, which has held leading positions in exports for many years, is...
The Cabinet wants to control profitability. This will lead to shortages of goods and bankruptcies.
The Cabinet of Ministers is initiating changes to the Law "On Pricing," and the deputies...
Uncovering the Mining Industry: Why Everyone Should Know Who Owns the Deposits in Kyrgyzstan
Kyrgyzstan has significant reserves of natural resources, including not only gold but also many...
From Flour to Billions: What Small and Medium Businesses in the Country Live By
Over the past five years, small and medium-sized enterprises (SMEs) in Kyrgyzstan have...
Mistakes Today - Problems Tomorrow. Expert Explained How to Avoid Tax Issues
Saida Nariman, or Kamila Kasymova, is a tax expert with 20 years of experience who has managed to...
Natural Resources - to the People of Kyrgyzstan
Recently, a discussion took place in Bishkek on the topic "Global Trends in Central Asia:...
Deputies proposed preferential loans and market diversification for tailors
On January 16, the deputy group "Ala-Too" held a meeting to analyze the situation in the...
Reviews of Globalreachout.com: What Traders Are Saying
In social networks, there is an active discussion about the platform globalreachouttech, where...
Investments Under Legal Protection: Kyrgyzstan is Shaping a New Economic Policy
In Bishkek, a National Investment Dialogue took place, gathering representatives from the...
The Economy of Kyrgyzstan is Growing Despite Imbalances
The preservation of the payment balance is possible due to remittances and a significant increase...
Finland taught artificial intelligence data centers to heat cities
In 2026, Google and Microsoft are launching unique projects in Finland, where the waste heat from...
New Scooter Rules Come into Effect in Uzbekistan. What Has Changed?
Starting from October 1, new requirements have been introduced in Uzbekistan for moped and scooter...
Inside the MBANK Contact Center: How They Work with Clients and Fraud
On March 19, dedicated to clients, MBANK opened the doors of its contact center for media...
Taalaybek Ibraev: All mining farms in Kyrgyzstan have been shut down
In an interview with 24.kg, Talaybek Ibraev reported a critically low water level in the Toktogul...
Are the USA Interested in Kyrgyzstan's Critical Minerals? Results of the "B5+1" Forum
In Bishkek, on February 4 and 5, the second business forum "B5+1" took place, gathering...
Cybersecurity in Kyrgyzstan: Myths and the Truth That Businesses Must Live With
A few years ago, cybersecurity in Kyrgyzstan seemed like a distant and irrelevant issue. However,...
Why Are Merchants Afraid of QR Payments? - Interview with the Deputy Head of the State Tax Service
In light of discussions on social platforms and in the media about how many sellers at markets...
The First "Hundred Days" of Kyrgyzstan in the EAEU
Let’s briefly summarize such an important period as the first 'hundred days' of the...
Take everything from private owners? More and more property is becoming state-owned
In the last five years, the authorities of Kyrgyzstan have actively been returning to state...
Why are there salaries of 500,000 soms in the Ministry of Construction - comment from the Deputy Minister
At a recent meeting of the Jogorku Kenesh Committee dedicated to issues of industrial policy,...
The Ministry of Economy explains the conditions for allowing Kyrgyz products into the EAEU market from the perspective of technical regulation
Currently, the Government of the Kyrgyz Republic is actively working on joining Kyrgyzstan to the...
Implementation of the "Bazar" System: 727 Million Soms in Taxes Collected in 10 Months
The State Tax Service of the Kyrgyz Republic has summarized the results of the implementation of...
Foreign Capital in Kyrgyzstan: What Foreign Business Lives by in the Country
According to the latest annual report from the National Statistical Committee, published on October...
Risks and Development. How is Kyrgyzstan Planning to Regulate Artificial Intelligence?
With the rise of artificial intelligence, numerous questions arise regarding its regulation. How...
Tax and Insurance Benefits are Being Prepared for the Sewing Industry: Clarification from the State Tax Service
In Kyrgyzstan, the development of a draft law is planned, which will create uniform conditions for...
Kirill Khomyakov: The KR Can Become the Crypto Hub of the Region if It Maintains the Reform Pace
, Maxim POLETAEV Kirill Khomyakov, the regional director of Binance for Central and Eastern...
Over 300,000 Debtors on Banks' Blacklists. Ministry of Economic Development Amends the Law
At the meeting of the Jogorku Kenesh on January 28, it became known that in Kyrgyzstan, over...
The National Bank of the Kyrgyz Republic has raised the discount rate to 11 percent
On November 24, the Board of the National Bank of the Kyrgyz Republic made a decision to raise the...
Commissions for Entrepreneurs May Be Reduced for Accepting Cashless Payments
A recent meeting organized by the State Tax Service of the Kyrgyz Republic focused on issues...
The National Bank of the Kyrgyz Republic presented new rules for financial marketplaces
The National Bank of Kyrgyzstan (NB KR) has published a draft of new rules aimed at organizing the...
"We have oil fields that would allow us to be self-sufficient"
In Kyrgyzstan, there is a growing need to grant special status to the mining sector and geology....
"We have oil fields that would allow us to be self-sufficient."
In Kyrgyzstan, there has arisen a need to separate the mining sector and geology into a distinct...
The Economy of Kyrgyzstan - 2025: Growth Records and Price Shocks
The year 2025 became a time of significant changes for Kyrgyzstan. The country recorded...
The Economy of Kyrgyzstan Will Grow Faster than All Central Asian Countries, but the Risks Are Too High
The IMF has presented its growth forecast for economies around the world, including the Middle East...
More than Money: Avina Abitaeva on How to Save the Transfer System
Avina Abytayeva, a native of Kyrgyzstan and an expert in international auditing, shares her...