By the president's directive, the government has developed a series of measures aimed at supporting the jewelry sector.
In particular, jewelry enterprises will be able to purchase gold at a price 2% lower than the market quotes of the London Exchange.
This gold will be available without prepayment, with the possibility of deferring payment for six months.
Furthermore, at the instruction of Sadyr Japarov, state banks will start issuing loans to jewelers for the purchase of specialized equipment at an interest rate of 6% per annum, including a 180-day grace period during which no interest will be charged.
“The combination of these two key conditions — access to gold at a reduced price and preferential financing for equipment — opens excellent prospects for the development of local jewelry companies,” emphasized Shykmamatov.
It is expected that the new measures will lead to the creation of additional jobs, an increase in export volumes, and the strengthening of Kyrgyzstan's position in the international jewelry market, he added.
“The state will continue to support businesses that strive to develop gold processing and jewelry production in the country. I am convinced that with effective cooperation between the state and business, the jewelry industry can become one of the driving forces of Kyrgyzstan's economy,” concluded A. Shykmamatov.
