IBC Executive Director Temirbek Azhykulov and lawyer Ulukbek Turdubekov discussed with experts of the OSCE-supported regulatory review project the first results of the project to optimize the legislation regulating entrepreneurial activity.

The meeting was also attended by representatives of NABA, JIA Business Associations and Secretariat of the Business Development and Investment Council under the Government of the KR. Head of the Regulatory Review Unit (RRU) Indira Arunova reported on the activity carried out by public authorities. The private sector has joined this work since January 2016.

The private sector joined this work in January 2016 and was invited to review and analyze 247 normative legal acts (NLAs). In addition, businesses were asked to fill out the forms of analysis and recommendations for some legal acts. To date, the project experts have received 47 recommendations on the most problematic for business regulations. This work will continue until June 2016.

According Arunova, from 247 regulatory legal acts that have already been analyzed, 90 documents will be recommended for cancellation, 50 – to be amended, and 74 – to remain unchanged. All three lists of NLAs with the recommendations were presented to the meeting participants continue their work with the RRU experts.

Last year, in cooperation with the Kyrgyz Economy Ministry, the OSCE Centre in Bishkek launched an official website of the Systematic Regulatory Review Project at www.sar.kg. The project is aimed at reducing the administrative and regulatory burden imposed on businesses through reduction of laws and regulations that adversely impact their economic activity. The website will contain the database of 3,270 normative legal acts regulating the business sector to be reviewed and assessed.

The implementation of the Systematic Regulatory Review Project started in November 2014 following the signing of a Memorandum of Understanding between the Kyrgyz Economy Ministry and the OSCE Centre in Bishkek in March 2014.