Kyrgyzstan Seeks Investments and Offers Perspective Projects in Strategic Sectors

Bishkek, Kyrgyzstan, April 28, 2009 --(PR.com)-- Kyrgyzstan presented the country`s investment case at the Kyrgyz-Malaysian investment forum held in Bishkek. The Malaysian delegation was informed on the investment potential and highly returnable projects in hydroelectric, financial, mining and tourism sectors. The Malaysian officials was represented by Tan Sri Sulaiman Mahbob, Director General of the Economic Planning Unit of the Prime Minister’s Department of Malaysia.

A keynote speaker at the forum was Eugene Gourevitch, CEO of the MGN Group, a Bishkek based financial services firm specializing in investment banking, and asset management services in Central Asia. Mr. Gourevitch highlighted, to a group of foreign investors, that Kyrgyzstan is country with healthy macroeconomic features and a competitive banking system.

The Country’s economy has shown a stable growth over the past 3 years, in 2008 GDP increased by 7.6%. Eugene Gourevitch emphasized that one of the key appealing factors in attracting foreign investors is ensuring their access to returns on investment on equal terms with local investors. “Another important aspect is the adequate valuation of privatization targets held by the Kyrgyz side,” Gourevitch stated.

Malaysian government and business community representatives showed a keen interest in financial, banking as well as information and communications sectors. Foreign entrepreneurs focused particularly on investment opportunities in emerging sectors of the Kyrgyz economy along with the particular enterprises of the country.

During the official talks with Mr. Tan Sri Sulaiman Mahbob Kyrgyz Prime Minister Igor Chudinov offered to participate in the construction of a railroad connecting China, Kyrgyzstan and Uzbekistan. The purpose of this railroad branch is to support an exploration and development of Kara-Keche mine, one of the largest coal deposit in the Kyrgyz Republic.

The presentation of the investment opportunities in Kyrgyzstan has been prepared by the Kyrgyz Ministry of Economic Development and Trade together with MGN Group` analysts and Flexi Communications, the Bishkek based communications consultancy.

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Kyrgyzstan currently ranks 11th globally in protecting investor`s rights, best in CIS and just behind the UK ( Source – World Bank), it has the 4th largest coal reserves in the CIS, including Russian known iron ore deposits and one of the largest gold deposit in the CIS.

“MGN Group” is the financial-investment company, is headquartered in Bishkek, the Kyrgyz capital and has representative offices in the USA. To carry out investment financial operations and manage the client`s assets MGN Group set up MGN Capital, MGN Asset Management and MGN Capital Partners subsidiaries. CEO of the MGN Group Eugene Gourevitch was commissioned to participate in the meetings of the Kyrgyz-Malaysian Special Commission as a financial and banking services expert.

Flexi Communications (FC) is an integrated communications agency specializing in providing local and international companies in Kyrgyzstan and the Central Asia with services in corporate financial communications, marketing, market regulators relations and special events planning. The Agency is headquartered in Bishkek.