In Kyrgyzstan, the bankruptcy of businessmen was postponed until 2021 due to a pandemic

The Bankruptcy Department of the Ministry of Economy, the Tax Service and the Social Fund of Kyrgyzstan suspended the initiation of the bankruptcy process of business entities until January 1, 2021. The order was signed by First Deputy Prime Minister Kubatbek Boronov. Read also: Working citizens of Kyrgyzstan lost their earnings due to coronavirus It is noted that this was done to support business entities who showed signs of insolvency due to circumstances directly or indirectly related to the spread of coronavirus infection and measures to combat the pandemic, which limited their work. The international scale of measures to combat the pandemic, as well as a number of measures to restrict domestic economic activities within the framework of preventing the import and spread of coronavirus, have a negative impact on the economic activity of many domestic Kyrgyz commercial organizations and individual entrepreneurs, the press service of the Government of Kyrgyzstan emphasizes. Read also: Due to the crisis, Kyrgyzstan's projected GDP decreased by 78.6 billion rubles