"Time cannot wait. Organizational issues regarding the operation of parliament should be resolved soon, the speaker and faction leader in parliament should be elected, a government should be formed. We will be facing serious social-economic reforms soon," Bakiyev said.
Police in the country's capital, Bishkek, arrested on Thursday about 20 people protesting against the results of Sunday's early parliamentary elections that saw a landslide victory for the pro-presidential Ak Zhol party.
Kyrgyzstan's main opposition party, Ata Meken, failed to win any seats in parliament despite coming second, garnering 8.7% of the vote. Although the election threshold was set at 5%, the party fell foul of an additional threshold law. According to election rules, parties must gain at least 0.5% of votes in each of the Central Asian country's six regions and two largest cities. The main opposition party failed to reach the threshold in Kyrgyzstan's second city Osh, by just a few dozen votes.
According to official election results announced on Thursday, two other parties - the moderate Social Democratic Party and the Communist Party - narrowly overcame the 5% threshold to enter parliament, as well as satisfying the additional threshold law, and won 11 and eight seats, respectively.
The Ak Zhol party will have 71 seats in the 90-seat legislature.
Monitors from the Organization for Security and Cooperation in Europe criticized the lack of transparency in the election's vote-counting procedures.
The ex-Soviet state's parliament is to convene for its first session on December 21.