The revenue of residents of the Creative Industries Park of KR reached 43.5 million som

Residents of the Creative Industries Park, KIP, of Kyrgyzstan have summarized the results of the first quarter of work.

As of the end of October, the Park includes 32 residents, including the KIP directorate itself. Residents work in the following areas:

digital advertising — four companies
film production — seven companies
design activities — three companies
IT products and services — five companies
podcasts and Web portals — two companies
architecture — four companies
artistic activities — one company
online distribution of films — two companies
photography — two companies
online education — one company.

In the first quarter, the revenue of KIP residents amounted to 43.5 million som. At the same time, the amount of taxes paid was 1.6 million som, and contributions to the Park's directorate reached 435,000 som.

These funds ensure the financial stability of the KIP directorate, confirming that the Park's operational model is viable without support from the state budget. In the initial stage, expenses were covered by the Creative Industries Association, but in the future, income from residents will allow KIP to independently cover monthly costs.

Source: economist.kg