ASTANA, Kazakhstan, August 26. Kazakhstan has imposed a moratorium on the creation of new entities in the quasi-state sector until December 31, 2026, Trend reports.
The decree is issued in accordance with the President of Kazakhstan Kassym-Jomart Tokayev's economic liberalization directive. The document allows for exceptions, including ensuring compliance with the law of Kazakhstan on the return of illegally acquired assets and special cases as directed by the president of Kazakhstan.
The decree aims to free up economic space for the full realization of private entrepreneurship potential and to establish regulatory conditions that prevent the re-emergence of state enterprises in competitive sectors.
The decree was developed by the Ministry of National Economy and adopted by the Government of Kazakhstan.