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Alliance Altyn promotes the growth of export of Kyrgyz manufacturers

28.04.2023

Alliance Altyn co-organized the TradEx exhibition held on April 27 in Bishkek.

The event, held jointly with the International Business Council, brought together more than 20 exhibitors, 20 international organizations and embassies, and nearly 300 local companies. Participants gained a unique opportunity to learn about all major benefits of transnational trade, discuss current business issues, exchange insights and meet new partners.

“Many of the companies here make competitive products and are ready to export them. We want to help them fulfill their potential that is why we participate in the expo. We hope that more domestic businesses will enter foreign markets with their products and secure a strong place there,” said Alliance Altyn Project Manager Chingiz Bakanov.

“We thank Alliance Altyn for its support in organizing this event. It is very important when top mining companies support initiatives aimed at developing small and medium-sized businesses, building export potential and increasing Kyrgyzstan’s trade turnover with foreign countries,” said Askar Sydykov, CEO of the International Business Council.

Alliance Altyn diligently contributes to the budget and promotes the development of Talas region. This includes the fulfillment of its export potential. Since the company’s establishment, it has contributed KGS 377.2 million to the development fund of Talas region, KGS 226.3 million to Talas district, and KGS 150.9 million to Bekmoldo village administration.

The company also has its corporate development fund that implements social and charity projects. Alliance Altyn Development Fund has financed 565 projects for a total of KGS 900 million.

At the TradEx exhibition, Nuradil Bayasov, Deputy Director of the National Agency for Investments under the President of the Kyrgyz Republic, noted the contribution of Alliance Altyn to the economy of Talas region. Owing to the company, in 2022, Talas was one of the leading Kyrgyz regions in terms of received investments. “The total investment in Talas region amounted to $107.2 million, of these $104.5 million went to Talas district, where Alliance Altyn operates,” he said.