Reason for this visit

In recent years, Kyrgyzstan has adjusted its approach to economic reform, steadily and gradually transformed to a market economy, and introduced economic system reforms centered on privatization and denationalization transformation. As a result, the country's economy has maintained low growth, industrial production has resumed growth, prices are relatively stable, and inflation has fallen to its lowest level since independence. In view of the country's situation, Kyrgyzstan has focused on attracting foreign investment, improving the domestic economic environment and developing agriculture, and has set tourism development and support for small and medium-sized enterprises as its future economic priorities. Among them, environmental protection, transportation, fuel and energy development and social sectors are the priority areas for investment by the Kyrgyz government, which also wants to be supported by external investment. To help investors or practitioners have a more comprehensive understanding of the dealers in that country, the survey team is going to Kyrgyzstan for site visits.

On-site visit

This time the survey team visited the dealer Ringotrad in Bishkek, the capital of Kyrgyzstan, with the specific address at Bishkek Jibek-Joly prospekt, 183.

According to the above address, the survey team came to the destination of this survey. It was located near a residential area, a two-story office on the corner of the street. The logo of Ringotrade was quite large so it could be seen from a distance. Entering the office, the space inside was found spacious. The staff greeted the surveyors warmly, and the receptionist served them with local coffee. At the same time, the office manager gave a brief introduction of their situation. There were four offices in total, and usually six people working here.

During the course of the survey, Ringotrade's management called and refused the surveyors to take pictures of their interior office. However, the management allowed them to take pictures of the front door of their office.

Conclusion

The survey team went to the capital of Kyrgyzstan, to visit the dealer Ringotrade. It was confirmed that the dealer’s office was indeed located at the exhibition address. Also, Ringotrade  was registered as a trader on that address. However, please be prudent when trading with this broker.  

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.