Business Insights

Business Insight
Official Newsletter Issue #80, Special Edition

In this issue:

AmCham Year End Networking Event

  •  Message from the Executive Director ofthe American Chamber of Commerce in the Kyrgyz Republic
  • Stability in Challenging Times: Fuel Supply, Sports, and Social Responsibility — Red Petroleum in 2025
  • Timur Tilenov Founder and Chief Executive Officer, AITIM HOLDING
  • AITIM HOLDING.International Expertise. Modern Solutions. Business and Ecosystem Development
  • Hyatt Regency Bishkek Introduces a Massage Package for Rejuvenation and Balance
  • The Story of LoadConnect: From Helping a Friend to Building a Global Product
  • KAADLS: 2025 — Building Bridges and Strengthening Connections
  • IGC: Innovative Solutions in Footwear Manufacturing and the Development of National Brands

AmCham News

  •  The American Chamber of Commerce in the Kyrgyz Republic Presents Its 2025 Results
  •  Elections to the Chamber’s Board of Directors for 2025–2029 Have Been Concluded
  • Seminar on the Updated Labor Code of the Kyrgyz Republic for AmCham Members: Key Changes and Practical Insights
  • AmCham Kyrgyz Republic x GITEX Central Asia & Caucasus 2026
  • Seminar on Practical Use of GPT: AmCham Members Explore AI Tools for Business Efficiency
  • Benchmark Audit Takes Part in U.S.–Central Asia Discussions in Washington, D.C.
  • Business breakfast took place with representatives of the Ministry of Economy and Commerce of the Kyrgyz Republic and the State Tax Service under the Cabinet of Ministers of the Kyrgyz Republiс
  • The Chamber Participated in the Validation Seminar on the National Self-Assessment of the WTO Investment Facilitation for Development (IFD) Agreement
  • The Online “AI Education & Ideation Workshop” Was Held in Partnership with the U.S.-Based Data and AI Consulting Company Brainforge
  • AmCham Company Tours: Chamber Members Visit “NCC Bishkek Cardio” Clinic
  • A Seminar on “How to Hire CEOs Who Transform Businesses and Deliver Results” Was Held
  • The First Meeting of the Tax and Customs Committee Was Held
  • AmCham Year End Networking Event 2025

 Welcoming AmCham New Members

  • Artwin Development LLC
  • Ak-Sai Travel LLC
  • LLC “Atlas Group Corp.”
  • Сentral Asian Insurance Broker LLC (CAIB)
  • Aiko Seiko
  • Mega Beauty LLC (Love Beauty)
  • Tezcom Ltd
  • Cheops Group LLC
  • Cosmeterra LLC
  • Public foundation “WorldSkills”

AmCham Member News

  •  KICB has received the Best First Mover award under the EBRD’s Women in Business project
  • KICB participated in the European Bank for Reconstruction and Development conference
  • KICB has received several awards from the international payment system VISA
  • KICB and EBRD sign agreement to finance micro, small and medium enterprises
  • KICB joins UNICEF’s Business Advisory Council for Children
  • KICB builds a sustainable future for Kyrgyzstan through investments in education
  • KICB supports the establishment of Kyrgyzstan’s first high-tech mountain hospital in Naryn
  • Activity that brings a million: results of the “Link to Success” campaign from KICB
  • The Red Crescent Society of Kyrgyzstan and KICB renovated a boarding school in Karakol
  • Privileges for Visa Infinite and Visa Signature cardholders are now available again at Manas International Airport
  • Strategic Development, Social Responsibility, and Sustainable Tourism at Ak-Sai Travel
  • Joining the Women Entrepreneurs Finance Code Coalition
  • “Bank of Asia” Launches Instant Commission-Free Transfers from Kyrgyzstan to Uzbekistan
  • “Bank of Asia” CJSC participated in an E-Commerce forum
  • Women’s Golf Cup 2025
  • Over 550 million soms in insurance claims paid: NSK’s results for 2025
  • Opening of a new Doscredobank VIP center
  • “Doscredobank” OJSC and the “Ala-Too” International University officially signed a memorandum of cooperation.Doscredobank has become even closer to you!
  • Doscredobank, together with the Chui Hunting and Forestry Authority, conducted a large-scale environmental campaign to restore forest resources
  • BAKAI Turns Fan Dreams Into Reality – Winners Awarded Trips to UFC Fight Night 2025 in Qatar!
  • BAKAI Launches BAKAI Store – Shop Directly in the BakAi App
  • BAKAI ATMs Now Accept Mastercard: Expanding Service Capabilities for Customers
  • BAKAI × Yandex Go × Visa Launch a Major Collaboration: Win a Zeekr 007 and Hundreds of Prizes!
  • BAKAI Insurance Has Brought Cash Back Back! Get 30% real cash back when you buy OSAGO insurance through the BakAi app
  • BAKAI and IPC Introduce the New Elcard+ Card
  • Stable Outlook S&P Global Ratings Assigns B/B Rating to BAKAI
  • Online Panel. Modern Research in Kyrgyzstan
  • LoadConnect announces a partnership with OTR Solutions
  • Why Users Return to LoadConnect — On the Product’s Stability, Security, and Value
  • Embryolisse Lait-Crème Concentré Cream-Concentrate by LLC “Cosmeterra”, the official distributor
  • Free Kidney Ultrasound at Avicenna Clinic — Every Friday
  • At the Avicenna clinic network, non-surgical kidney stone fragmentation is available — now 24/7
  • Global coalition of values-based banks launches a world digital action to reshape how AI describe banking
  • BANK KOMPANION TAKES ACTIVE PART IN WORLD SAVINGS DAY 2025
  • BANK KOMPANION AND UNFPA KYRGYZSTAN HELD A SMART KҮЧ FINANCIAL SAFETY WORKSHOP
  • BIS Anniversary Show: “Pirates of the Curry Bean”
  • Roundtable on the Development of Foster Care
  • Results of the “VIBEs: for Youth” Project Forum Held in Bishkek
  • Four-Day Winter Camp for Children

Vacancies

  •  Vacancies at OJSC “Bakai Bank”
    •  System Analyst
    • Middle SQL Developer
  •  Vacancies at Red Petroleum
    •  Internal Auditor
    • IT Auditor
    • Information Security Specialist
    • Data Engineer
    • Project Manager
    • Deputy Chief Accountant
    • Executive Assistant to the CEO with Chinese Language Skills

Business Insight
Official Newsletter Issue #79, July-September 2025

In this issue:

AmCham News

  •  A tour of the Ainextan Group’s factory took place
  • AmCham Participates in the First Meeting of the WTO Investment Facilitation for Development Working Group
  • An Extraordinary General Meeting of the Members of the American Chamber of Commerce in the Kyrgyz Republic was held, with the participation of the executives of member companies
  • Breakfast with the Ambassador: Strengthening Trade and Investment Ties with Uzbekistan
  • The second meeting of the Human Resources Management Committee was held
  • Meeting with the World Bank’s Country Private Sector Diagnostic (CPSD) team was held
  • An award ceremony of the Cabinet of Ministers of the Kyrgyz Republic took place at the Presidential Administration building on the occasion of Entrepreneur’s Day
  • AmCham at the Regional Task Force on the Development of the Financial and Banking Sector in Central Asia

AmCham Talk

  •  Labor Market Research in Kyrgyzstan 2025: 67% of participating companies identified dissatisfaction with salary levels as the main reason for employee turnover

 Welcome to the new AmCham members

  •  LLC “Metall Torg Service”
  • Master Building LLC
  • Buzz Media
  • Royal Pure Gold LLC
  • LLC “Ecocapsule”
  • LoadConnect
  • LLC “Construction Company “ELIZAVETA”
  • CJSC MCC “BAILYK FINANCE”
  • “Iveria” LLC
  • Alatown LLC
  • LLC Benchmark Audit
  • Uman LLC

AmCham Member News

  •  Visa and KICB sponsored the fashion show “Fashion and Art”
  • Contribution to SDG 4: KICB and Red Crescent Improve Conditions for 420 Schoolchildren in Osh Region
  • KICB has started promotion campaign “Easy transfers – bright vacation!”
  • KICB announces the start of the million soms promotion!
  • KICB signed the loan agreement with «Perekrestok» auto center under the cofinancing program of the European Bank for Reconstruction and Development
  • Anti-fraud on-premise software on monthly fee
  • MTS Signs Strategic Agreements with Russian Metallurgical Enterprises
  • New MTS Warehouse in Bishkek: Bringing Metal Products Closer to Customers
  • MTS Celebrates Metallurgist Day
  • Borusan Cat Kyrgyzstan Expands Financial Opportunities for Its Customers
  • Business Transfers for Sole Proprietors. Clearing & Gross Payments. Save more with Bakai Bank!
  • Now in the BakAi App — Instant International Transfers via Visa
  • Interview with Chyngyz Arziev, Head of AI at BDigital
  • NSK Insurance Company has introduced digital registration of compulsory motor third-party liability insurance (CMTPL) through the Tunduk mobile app
  • NSK: Consolidating Leadership and Institutional Transformation
  • Bank of Asia has launched AstraSend transfers in the Asia Online mobile app
  • Doscredobank Participates in the “Dem-Al” Festival for International Clean Air and Blue Sky Day
  • Opening of the DOSCREDOBANK Training Center and Launch of the DCB Bilim Hub Internship Program
  • Turkey — The Land of Sun, Fragrant Tea, and True Hospitality
  • UX research from M-Vector: a new tool for business in Kyrgyzstan
  • Cardiac Surgeons from Bishkek Cardio Clinic Took Part in the Anniversary Congress in Shymkent
  • “KSB Commercial Bank” CJSC Launches the “Vacation On Us” Campaign with a Grand Prize – A Trip to Vietnam!
  • TOYBOSS Named “Company of the Year 2025” in Kyrgyzstan
  • Toyboss Group Signs Agreement with IFC for up to $10 Million in Local Currency Financing
  • TOY FEST 2025 in Osh: Over 2,000 Guests, Food Zone, Contests and a TOYBOSS Concert
  • TOYBOSS Conquers the Malaysian Market
  • CJSC MCC “BAILYK FINANCE”: Recognition of Leadership at the National Level ➢ Baker Tilly Announces the Launch of Baker Tilly Bishkek Legal in Kyrgyzstan
  • Margarita Cherikbaeva Appointed as Independent Board Member and Chair of the Audit Committee at Credo Bank
  • Bank Kompanion Introduces the Premium Kompanion Prime Card
  • Over 800,000 Kyrgyz people to turn remittances into financial opportunities: IFAD, EU and Kompanion Bank join forces
  • Bank Kompanion Signs WeCode to Support Women Entrepreneurs
  • Urology Center “Avicenna” offers a full range of diagnostics and treatment for urinary and reproductive system disorders
  • A New Benchmark for Kyrgyzstan’s Labor Market
  • German quality in action: Kyrgyz Business Sector Visits MKN Factory on First Study Tour
  • Building Bridges in Central Asia: CIPE’s IBECA Program Strengthens Regional Cooperation in Tourism
  • Asia Day Festival at Bishkek International School
  • SOS Children’s Villages Kyrgyzstan: supporting children and families in difficult life situations
  • SOS Children’s Villages Kyrgyzstan calls for corporate partners to support children
  • Round tables on the results of the “Monitoring and Support of Foster Famlies” project
  • Happy Childhood: summer camp for children returning from conflict zones

Vacancies

➢ Current job vacancies at LLC “Metall Torg Service”:

  • Sales Manager
  • Internal Auditor
  • Marketing Designer
  • Head of Human Resources Department
  • Chief Accountant
  • Assistant to the General Director

➢ Current job vacancies at Bishkek Heart Clinic Prime LLC:

  •  Administrator
  • Nurse (with work experience)

➢ Current job vacancies at CaspiGroup:

  • Sales Manager

Business Insight
Official Newsletter Issue #78, April-May 2025

In this issue:

AmCham News

  •  Training session was held for AmCham members and partners on the topic: “Government Relations as a Bridge Between Business Interests and Government Objectives: Support, Lobbying, Monitoring, and Digital Transformation”
  • AmCham Quiz Night 2025: What a Night!
  • Practical workshop titled “How ChatGPT Can Help Your Business” was held for AmCham members
  • AmCham in the Kyrgyz Republic at the ACE U.S. Delegation 2025
  • A mini-football tournament among AmCham members was held at the “AbdyshAta” sports complex in the city of Kant
  • The first meeting of AmCham HR Committee was held
  • AmCham in the Kyrgyz Republic at the ACE U.S. Delegation 2025
  • A working meeting was held at the Jogorku Kenesh of the Kyrgyz Republic, focused on the development of intellectual export and outsourced logistics professions
  • A working meeting was held with Mr. Zulfiqar Khan, a representative of the U.S. Department of State, as part of his visit to the Kyrgyz Republic
  • A working meeting was held with the National Institute for Strategic Studies (NISI) to discuss debureaucratization and improving the business environment

AmCham Talk

  •  In Kyrgyzstan, only 44 per cent of children under six months are exclusively breastfed

 Welcome to the new AmCham members

  •  HR LAB Consulting
  • LLC “Alpha Oil”
  • Wesew LLC
  • “NCC Bishkek Cardio”
  • ISAADAT LLC

AmCham Member News

  •  When Money Means Care: Real Stories for International Day of Family Remittances
  • NSK Implements Modern Digital Solutions for OSAGO Registration — Fast, Convenient, Online, and via Messengers
  • Borusan Cat Kyrgyzstan: Powerful technology and smart digital solutions now with Boom360 and VisionLink!
  • KICB planted over 1800 seedlings with partners!
  • KICB invests in “Development Centers on Jailoo”
  • KICB Supports Women Entrepreneurs
  • KICB Supports Women’s Participation in the Digital Economy
  • KICB becomes the first bank in Kyrgyzstan to partner with Emirates NBD in UAE
  • KICB has received a loan as part of the Kyrgyzstan Sustainable Energy Financing Facility
  • A profitable start with Visa Gold from KICB
  • Order your KICB Mastercard with Free Delivery!
  • Interest Rates Reduced for “Business”, “Agro”, and “Personal” Loans
  • SWIFT Transfers with KICB — Over 180 Countries in 75 Currencies!
  • Global Money Week has started!
  • Doscredobank OJSC was honored with the Sapat state award for contribution to sustainable and green development
  • Doscredobank employees took part in the tree planting campaign in Karagachevaya Grove
  • Doscredobank OJSC and FRONTIERS signed the Strategic Cooperation Agreement
  • “Your Charge” for the environment: Doscredobank donated 13.5 kg of batteries for recycling
  • Doscredobank OJSC and the Climate Finance Center entered into strategic partnership
  • Doscredobank and Simba at IBC Golf Fest 2025
  • “Green Deposit”: Your contribution to an environmentally friendly future
  • SWIFT Transfers in Dirhams and Yuan with KSB – Fast and Easy!
  • RedPay — an app for those who value convenience, savings, and smart technology
  • Toyboss Participated in a Tree Planting Environmental Campaign in the Karagachevaya Grove
  • Toyboss Joins the Environmental Campaign “TVOY ECO ZARYAD”
  • Online Consultations at Avicenna Clinic — Simple, Accessible, and Effective
  • Grant Thornton Kyrgyzstan Hosts Two Strategic Events on the Implementation of International ISO Standards

Vacancies

  •  Current Job Openings at Red Petroleum
    •  Junior Internal Auditor
    • Analyst
    • Senior Accountant for Tax Accounting

Business Insight
Official Newsletter Issue #77, March 2025

In this issue:

AmCham News

  •  A traditional Iftar dinner for AmCham members and partners

AmCham Member News

  • KSB Commercial Bank CJSC strengthens corporate governance: new appointments to the Board of Directors
  • NSK Insurance Company: Growth, Trust, Innovation
  • Round-the-clock medical care at Avicenna Clinic – we’re here for you 24/7
  • New Changes in Processing Center Regulations in Kyrgyzstan: Impact on the Banking Sector
  • “Bai-Tushum” launches a promotion with valuable prizes for users of international transfers
  • Bakai Bank Joins the UN Global Compact, Reinforcing Its Commitment to ESG Principles
  • KICB reduces interest rates on loans for small and medium businesses!
  • Special offer! Accept payments via ELQR now without commissions!
  • KICB Strengthens Business Support Through Cooperation with EBRD
  • For the First Time, a Representative from Kyrgyzstan Joins the Board of Directors of GABV – the Largest International Banking Network
  • Kompanion Bank Enhances “PROFITABLE VISA BUSINESS: 0-2-5” Campaign
  • Driving Sustainability Forward: Globalink’s AI-Powered Leap Toward a Greener Supply Chain
  • Bilimge Toyboss: Sharing Fairy Tales with the Children of Kyrgyzstan
  • Bishkek International School Hosts Annual BISMUN Event
  • Green Light ITS Achieves the Highest Level of Partnership with Dell Technologies

Vacancies

  • Regional Manager
  • Systems Analyst
  • Deputy Head
  • Senior Java Backend Developer
  • Mobile Developer (Android)
  • Head of Savings Office

Business Insight
Official Newsletter Issue #76, February 2025

In this issue:

AmCham News

  •  7th Annual Bowling Tournament with AmCham
  • A business breakfast was held with the participation of the Ambassador Extraordinary and Plenipotentiary of the Republic of Türkiye to the Kyrgyz Republic
  • A meeting of business association representatives with the Chairman of the Cabinet of Ministers of the Kyrgyz Republic was held
  • A presentation of digital solutions Payda, Atlas, and AkylAI, developed by Baker Tilly’s partners, was held

AmCham Member News

  •  Enjoy 65 days with zero interest – apply for a Bakai Bank credit card now!
  •  Beeline Opens the World of Technology to Schoolchildren
  • Take advantage of reduced interest rates on loans from KICB
  • International SWIFT transfers to KICB at reduced rates are still available!
  • Holidays are coming! Make purchases at 0% with DemirBank credit card
  • Apply for a loan for the development of your business at a reduced rate – from 17% per annum!
  • The “Avicenna” clinic is now equipped with the latest video gastroscope from Sonoscape
  • Strengthening Supply Chain Security & Risk Management in the Caucasus and Central Asia
  • Toyboss has successfully passed the FSSC 22000 certification of the new version 6.0!
  • A1 Project Successfully Trains IT Specialists Through Cometa IT Bootcamp Program
  • Interschool Chess Tournament