Archive: April 30th, 2010
The events in Bishkek on April 7th were dramatic and tragic. Over eighty people died in protests against the existing government which basically fell from office and were replaced by an interim government headed by former Foreign Minister Roza Atunbaeva. The President left the city to emerge later in his home village not far from [...]
There is a basic accounting problem that we encounter trying to run a business here in Kyrgyzstan: sometimes it can be very difficult to obtain a receipt for payments. If, for example, we have to travel from one part of town to another and have to catch a bus or take a taxi, then it [...]
Economists sometimes refer to the economy as being like an iceberg: split into two parts, with one visible above the “water line” and the other “hidden” below the surface. The ‘hidden’ part of the economy is basically any economic activity which is not reported to the authorities, is not included in statistics, and on which tax [...]
