capital markets, cash auctions, coupon privatization, Eastern Europe, Caucasus and Central Asia, FDI, Institutional reforms, Kyrgyzstan, privatization, CASE Reports, restructuring, CASE Network Studies and Analyses

Privatization in the Kyrghyz Republic


The privatization and denotalization program in the Republic of Kyrgyzstan has been given high priority in the Government's agenda. This program has its origins in the privatization law drafted at the end of 1991 (Zakon 20.12.1991; Postanovlenie 20.12.91) and adopted by President in January 1992 (Ukaz 13.01.1992). Initially the program got off to a slow start, but it quickly gained momentum when Parliament approved a new "Concept Note" in December 1992, calling for rapid sale of small-scale enterprises and mass privatization of medium to large-scale enterprises through competitive methods (Kontseptsia 1992).