OREANDA-NEWS. May 30, 2011. The International Business Council representatives met with the Chairman of the Kyrgyz Parliament’s Committee on Human Rights, Equal Opportunities and Public Associations, Dastan Bekeshev.  MP Bekeshev said that the Government faces three major challenges to improve the investment climate in Kyrgyzstan - attracting investments, providing investment security and maximum transparency of investment visas issuing, reported the press-centre of IBC.

To ensure the safety of domestic and foreign investments MP proposed the creation of a Public Council to Attract Investment. To improve the investment climate in Kyrgyzstan, Bekeshev suggested entering into investment agreements between the Government and investors, both foreign and local. The agreement should include the fundamental guarantees provided to investors. In this case, an agreement should be approved by Parliament.

Opacity of the investment visas issuing process in Kyrgyzstan is one of the major problems in the tourism sector, said Deputy Bekeshev. Currently, Ministry of Foreign Affairs of the Kyrgyz Republic is responsible for the investment visas issuance. According to Bekeshev, public access to the Foreign Ministry’s information is limited. It is necessary to make the procedure for visas investment issuing as transparent as possible, and it does not matter which agency will issue the visas.