• KGS/USD = 0.01181 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.09404 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.09404 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.09404 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.09404 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.09404 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.09404 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.09404 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.09404 0.11%
  • UZS/USD = 0.00008 0%

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Kyrgyzstan to Support Female Entrepreneurship

A group of Kyrgyz parliamentary deputies have initiated amendments to the draft law "On the Protection of Entrepreneurs' Rights," which will bow be supplemented with the words "women's entrepreneurship." The amendment states that women make up half of Kyrgyzstan's population, but their contribution to the economy is far less significant. Citing IMF data, the authors of the amendment stated that female entrepreneurship can contribute up to 27% to the republic's GDP. "As experience shows, the level of income from small businesses does not exceed the officially established subsistence minimum, which, unfortunately, does not leave additional funds available for further business development. The data also shows that women entrepreneurs who have better access to assets and can make independent decisions can help reduce poverty," the bill states. Representatives of the women's forum "Kurak," who contributed to drafting the amendments, proposed introducing the term "woman entrepreneur" into the law and defining this as a legal entity wherein a woman owns at least 51% of the shares. They believe this will enable women to receive preferential financing and access state support. "Women entrepreneurs often need more time to run a business. After all, they often raise children and run a household in parallel. It is also tough for a woman to get a loan from a bank because the collateral property belongs to men. Moral support from our patriarchal society and the state is also lacking," human rights activist Ainura Sarynbayeva told The Times of Central Asia. The legislative introduction of the word "woman" and "women's entrepreneurship" will help further develop women's businesses, believes Sarynbayeva, adding that commercial banks and international development institutions are already prepared to provide preferential lending. "Today, there are no countries in Central Asia where the concept of "women's entrepreneurship" is enshrined in the law. The draft law being promoted in Kyrgyzstan is largely similar to the Azerbaijani law. The authorities there support women businessmen at the state level," said Sarynbayeva. According to the latest census, Kyrgyzstan is home to 3.3 million women - half of the country's population. However, despite various training sessions and courses, only a small percentage of Kyrgyz women participate in economic activities. Human rights activists attribute this state of affairs to the haphazard nature of government support. The average Kyrgyz businesswoman is 40-50 years old, has a secondary education, is an individual entrepreneur or manages a small or medium-sized business, and has a family and children.

USAID Supports Central Asian Women Working in Hospitality

The U.S. Agency for International Development (USAID) and the International Association of Businesswomen “Tadbirkor Ayol” last week hosted a Central Asian Conference on “Women of Central Asia in the Hospitality Business: Current Challenges and Opportunities”. The event in Tashkent attracted some 200 women entrepreneurs, professionals, and industry experts from Uzbekistan, Tajikistan, and Kyrgyzstan to discuss achievements, trends, and challenges in the region’s hospitality sector. As reported by the U.S. Embassy in Uzbekistan, the conference focused on service quality, digitalization, and modern standards in tourism, culminating in recommendations to enhance regional cooperation in tourism and hospitality. Praising the resilience and creativity of women in the hospitality industry and emphasizing their role in the sector’s future, Edward Michalski, USAID Deputy Mission Director in Uzbekistan, commented: “Investing in women and girls is essential to transforming communities. When women do better, families do better, communities do better, and countries do better.” Gulnora Makhmudova, Chairwoman of “Tadbirkor Ayol,” noted that the growing importance of the region’s hotel business and the increasing involvement of women, had spurred the association into launching “Women in the Hotel Business: Hospitality from the Future;” a project aimed to introduce innovation and digitalization in the hospitality sector. Since its launch in April 2024, with support from USAID, the project has provided training for 115 women in modern hotel management in Tashkent, Andijan, and Samarkand.