Economics, Legal, Political and Social Environment of Entrepreneurs in Kyrgyzstan

Kyrgyzstan is one of the least developed republics of the former Soviet Union, located in the Central Asian region with a GDP of $ 1,300 per capita. The country is also one of the first in the post-Soviet territory to move to the market economy, and was one of the first countries in the region to join WTO in 1998. The development strategy of the Kyrgyz Republic has been supported by the World Bank, UNDP and other international institutions. For example, the World Bank supports two main strategic goals, outlined in the Strategy: “Regional development and digitalization” and “Supporting integrated regional development through transformational investments” to accelerate economic growth. The legislation of the Kyrgyz Republic on the regulation of entrepreneurial, innovative and investment activities is constantly evolving and has a general tendency to simplify the procedures for state regulation of economic activity and simplify tax administration. In Kyrgyzstan, the distribution of female and male employment by type of economic activity has significant differences due to both different physiological capabilities, established cultural traditions and gender stereotypes. The state policy of Kyrgyz Republic regarding the employment of women is based on three components in different combinations: compensation for their objectively difficult position in the labor market; combating discrimination against women; measures to increase their objective competitiveness in the labor market. The country faces challenges that pose a threat to its future sustainable development, and the most important of them are: spending of natural resources without creating effective alternatives, loss of basic natural ecosystems and stagnation of human capital. Development of an innovation-based green economy is a solution to nurture entrepreneurship for strengthening the national economy of Kyrgyzstan.