Kazakhstan to take action on improving positions in international ratings

Business Materials 17 September 2019 17:02 (UTC +04:00)

Baku, Azerbaijan, September 17

By Nargiz Sadikhova - Trend:

The issue of Kazakhstan’s positions in international ratings will be constantly monitored by the Government’s Project Office, the Prime Minister of Kazakhstan Askar Mamin said, Trend reports with reference to the press office of the prime minister.

He made the statement during the Government session, during which the measures to improve the position of Kazakhstan in the World Bank’s Doing Business ranking and other ratings were discussed.

In April 2019, the Parliament adopted a new package of legislative amendments. They deal with introduction of a single window in the field of construction, optimization of contract execution procedures, and reforms in the field of taxation. A great deal of awareness raising among entrepreneurs was carried out.

“At the moment, Kazakhstan is 28th in the Ease of Doing Business ranking among 190 countries, which demonstrates the success of the reforms aimed at facilitating the conditions for doing business. This affects the investment attractiveness of the country and allows to get an idea of ​​the possibilities of creating new projects and industries,” Mamin said.

He noted the efficient work of governors of the city of Almaty, Mangystau and Aktobe regions, which took first, second and third places respectively in the World Bank ranking on ease of doing business in cities and regions of Kazakhstan.

“We have achieved good performance in the energy sector, rail transport, and ICT. At the same time, it is necessary to strengthen work to improve positions in international trade, healthcare, and the financial sector,” the prime minister emphasized.

Mamin instructed the Ministry of National Economy, together with interested state bodies, to submit to the Government the eighth package of amendments to improve business conditions by the end of October 2019. It provides reforms to simplify important business processes for investors when starting enterprises and registering property, obtaining building permits and connecting to electricity supply systems.

He also instructed to update the existing and adopt new action plans within a month, as well as to work out the issue of fixing target indicators for improving Kazakhstan's positions in international ratings in program documents.


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