A profitability limit will be established in the bill
In Kyrgyzstan, an initiative is being discussed to introduce a new mechanism for state price regulation, which will set a maximum profitability level at 25% of the cost of goods and services. This innovation could impact the taxi sector.
The bill proposed by the cabinet of ministers is currently under consideration in the Jogorku Kenesh, aimed at establishing the specified profitability threshold. Existing legislation does not provide opportunities to limit price increases for services and work.
The procedure for implementing this mechanism will be determined by the state itself, allowing for a certain degree of flexibility in decision-making. The profitability level can be revised depending on the specifics of each industry.
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