Askar Akayev
The University of Economy and Enterprise was established in accordance with the decree of the President Askar Akayev dated to April 1, 1993, "On creation of the Commercial Institute in Jalal-Abad." According to this decree the university originally was called Jalalabad Commercial Institute. The rector that was appointed was professor Kantoro Sharipovich Toktomamatov, the brother of the current president.