Kazakh businesses are expanding into the Kyrgyz market. Following the stock of two biggest Kyrgyz banks, the neighbors have purchased Bishkek "CUM" (Central Supermarket) while Kyrgyz stockholders have been suing and Italian entrepreneur Giorgio Fiacconi, who some time ago bought the government share of the "CUM" stock at the auction. The Kazakh have created two small companies in the Kyrgyz market that acquired 80% stock of the supermarket. Now the board of directors consists of three Kazakh entrepreneurs who will be the ones to collect proceeds.
NA "Kyrgyz Press", April 10, 2003