Volume of investments in Kyrgyzstan from UK in 2017 increased by 44 times

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Bishkek, Jan. 13, 2018. /Kabar/. In 2017, the volume of investments in the economy of Kyrgyzstan from the UK increased by 44 times compared with 2016, Kyrgyz Economy Minister Artem Novikov told during a meeting with British Ambassador to the Kyrgyz Republic Robin Ord-Smith.

"The UK is one of the major investor-countries, and the volume of foreign direct investments from the UK for the first 9 months of 2017 amounted to more than $ 27.6 million and increased compared to the same period in 2016 by 44 times," Novikov said.

Robin Ord-Smith replied that "there were positive steps in our relations last year, and our task is to increase our relations not only in the economic sphere, but also in other areas."

The diplomat added that there is potential for development of trade and investment cooperation between the countries.

"My job is to help in this, and as an ambassador I need to provide more information to our business about Kyrgyzstan, as many companies are not aware of the opportunities of Kyrgyzstan," Ord-Smith said.

Novikov said that for 10 months of 2017 the trade turnover between the Kyrgyz Republic and Great Britain made $ 15.1 million.

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