On May 31, 2012, the Governments of the Kyrgyz Republic and the Republic of Korea will hold business forum. During the event, bilateral negotiations will be held by the Kyrgyz and Korean businessmen engaged in energy, transport, tourism, manufacturing, textile and electronics industries, as well as banking and financial sectors.

In April, IBC Committee for Sustainable Development and Corporate Social Responsibility has initiated a number of events to create a platform for the discussion of measures to increase energy efficiency in Kyrgyzstan through introducing energy efficient technologies and fulfilling obligations undertaken by the country under the United Nations Framework Convention on Climate Change.

In March and April, the Bai-Tushum and Partners Company held first trainings for its clients on financial literacy titled "Plan Your Future”. The trainings were conducted by the company’s officers, who received a special training under the Microfinance Centre Program (MFC, Poland). The training program was customized for the needs of low income families and included economic education, development of entrepreneurial skills and culture of savings.

The competition is conducted by the Ministry of Culture and Tourism in cooperation with the International Business Council (IBC) and the Public Foundation “Tourism Promotion and Development Board in Kyrgyzstan” with the financial support of the European Commission in the framework of the Central Asian Invest Program II.

KICB, IBC member, opened a Card Center that serves its clients 7 days a week.

Draft Law on Introduction of Amendment to the Labor Code of the Kyrgyz Republic was developed to extend the procedural period for  filing application to bodies responsible for the consideration of labor disputes.

Draft laws prepared by the Working Group for Reforming the Subsoil Use were submitted, in accordance with the Resolution of the Kyrgyz Republic No. 15-5919 of March 5, 2012, to the ministries and agencies of the Kyrgyz Republic for endorsement.

This constitutional law specifies the fundamentals of administrative activities, regulates relationship between administrative bodies, individuals and legal entities dealing with the issues related to  the receipt of administrative act,  appeals, actions (inactions) of administrative bodies (officials), administrative expenses and compensation of damages resulting from administrative procedures.

Draft Law on Introduction of Amendment to the Labor Code of the Kyrgyz Republic was developed to extend the procedural period for  filing application to bodies responsible for the consideration of labor disputes.

Draft law of the Kyrgyz Republic on Introduction of Amendments and Additions to Certain Legal Acts of the Kyrgyz Republic was approved by the Resolution of the Government No.681, of October 28, 2011. This draft law provides for a number of amendments and additions to the Tax Code, Code of Administrative Responsibility, Law on Insurance Fee Rates under State Social Insurance, Law on Credit Unions, and Law on Microfinance Organizations in the Kyrgyz Republic.