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Kazakh president instructs to improve business environment

Kazakhstan Materials 31 January 2017 20:50 (UTC +04:00)
Cardinal improvement and expansion of the business environment is one of the priorities of the modernization of Kazakhstan’s economy
Kazakh president instructs to improve business environment

Baku, Azerbaijan, Jan. 31

By Elena Kosolapova – Trend:

Cardinal improvement and expansion of the business environment is one of the priorities of the modernization of Kazakhstan’s economy, President Nursultan Nazarbayev said in his annual address to the country’s people.

“One of our strategic goals is to ensure that small and medium-sized businesses have at least a 50 percent share in the GDP of Kazakhstan by 2050,” said Nazarbayev.

Nazarbayev added that it is important to expand the scope of microlending and improve the tools to support the mass entrepreneurship.

He instructed the government together with the Atameken National Chamber of Entrepreneurs to take measures to reduce all types of costs for business, in particular the cost of services in the sphere of energy, transport and logistics, as well as utilities.

The Kazakh president also urged to optimize the rendering public services, reduce the terms and the list of required documents, eliminate the procedures duplicating each other and fully switch to an electronic format of rendering these procedures.

Nursultan Nazarbayev has set the task before the government and the heads of local executive authorities to develop measures by July 1, 2017 for reducing the level of state regulation of processes in the business sphere.

The Kazakh president also instructed the heads of local executive authorities to develop detailed plans together with the government for improvement of conditions for doing business in the regions of the country.

In addition, Nazarbayev ordered the government to accelerate the privatization program and complete it before the end of 2018, and not until 2020, as it was previously planned.

In total, about 800 enterprises should be privatized within the program.

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