Accession of Kyrgyzstan in CU may cause economy reorientation

Date: 04:39, 05-06-2014.

Almaty. June 5. KazTAG - Accession of Kyrgyzstan into the Customs Union may cause reorientation of economy.

"Accession of Kyrgyzstan into the Customs Union may cause reorientation of economy," KyrTAG cites Deputy Minister of Economy Danil Ibrayev.

"It’s known that the Development Fund of Kyrgyzstan and Russia has been created. $500 mln is the fixed capital, other $500 mln as a credit, which we get under privileged conditions -1% APR for 20-25 years. $200 mln we will get as a grant," he said.

He said it will be enough to commence integration process. "Perhaps there will be economy reorientation, privileged credits will be allocated for perspective projects," he said.

In his words, Kyrgyzstan will request postponement on performance of CU technical regulations.

"There is a technical regulation of Kyrgyzstan and there is a technical regulation of CU, they may differ, there are branches which the CU technical regulation may considerably affect. We will request transformation period, during which Kyrgyzstan enterprises may use the technical regulation of Kyrgyzstan, they will have time," he said.

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