Akchabarsearch
The KG GROUP construction company case is under the personal control of the President

Published

10/25/2024, 12:22

The KG GROUP construction company case is under the personal control of the President

About 67 million KGS will be returned to the shareholders. This was announced by the presidential affairs manager Kanybek Tumanbayev in a live broadcast on social networks.

He noted that the company sold flats at the excavation stage for about $500 per square metre, but the land plot was intended for a kindergarten construction.

"As of today, the company's 6 objects have been commissioned. The remaining objects are still under investigation,’ he said.

Read Similar

  • A new model for assessing small businesses has been proposed in Kyrgyzstan: entrepreneurs have been categorised into ‘four quadrants’

    A new analytical approach to assessing the effectiveness of support for small and medium-sized enterprises has been presented in Kyrgyzstan. The framework was presented by Shumkarbek Adilbek uulu, Director of the National Institute for Strategic Initiatives (NISI) under the President, who proposed dividing entrepreneurs into four groups based on their potential and working conditions.
    6/1/2026, 11:40:19 AM

  • Where is the Kyrgyz economy showing signs of overheating?

    In Kyrgyzstan, several economic sectors recorded growth rates at the start of 2026 that stood out significantly from the overall trend. Construction and investment stand out the most—it is these sectors that are driving the ‘overheating’ effect in certain areas.
    6/1/2026, 10:13:24 AM

  • Azerbaijan may begin supplying diesel to Kyrgyzstan

    In Baku, Kyrgyzstan’s Minister of Energy Taalaibek Ibraev held talks with Azerbaijan’s Minister of Energy Parviz Shahbazov. The parties focused on developing cooperation in the energy sector, Kyrgyzstan’s participation in the Caspian Green Energy Corridor initiative, and expanding the supply of petroleum products.
    6/1/2026, 7:45:31 AM

  • Which lorries will be banned from driving during the day in hot weather?

    Summer restrictions on heavy goods vehicles have been introduced on Kyrgyzstan’s roads. According to the Ministry of Transport and Communications, from 1 June to 1 September 2026, lorries with a maximum gross weight of over 18 tonnes will be temporarily restricted from using public roads.
    6/1/2026, 6:40:14 AM