BAKU, Azerbaijan, Dec. 21
Trend:
A draft Law ‘On amendments and additions to certain legislative acts of Kazakhstan on the restoration of economic growth has been submitted in Kazakhstan, Trend reports citing Kazakhstan’s Ministry of National Economy.
The proposed amendments provide for the introduction of amendments and additions to 85 legislative acts, including 14 codes and 71 laws in 9 directions, said the ministry.
According to the ministry, this is attracting investment, developing entrepreneurship and the real sector, a sustainable financial market, digitalization, project management, monetary, social, and trade policy.
“It is proposed to introduce a new tool to attract investments - an investment agreement. Optimization of procedures and improvement of mechanisms are envisaged,” the ministry noted.
“To create favorable conditions for business entities, it is proposed to consolidate the corresponding function of introducing the ‘Government for Business’ web portal on the basis of the ‘Single Window’ principle, as well as introducing the Register of Business Partners,” the message said.
As the ministry stated, it is also proposed to halve the threshold for investment in new food and light industry facilities.