Investment Attractiveness Of Kazakhstan

Kazakhstan, undoubtedly, is one of the leaders on post-soviet space in the field of operation field of attraction of the impertinent investments to the national preservation. Kazakhstan is attractive non totally as the exporter of strategic kinds of raw material, but in any case as the state, in which the necessary legislative base and favourable environs for realization of the investments was created. Kazakhstan has made of import progress toward creating a commercialise economy since its independence in 1991. The European Union in 2000 and the U.S. Department of Commerce in March 2002 recognized the triumph of Kazakhstans reforms by granting it market economy status. Kazakhstan also has attracted significant unconnected investment since independence. By July 2007, foreign investors had invested a total of well-nigh $58.3 billion in Kazakhstan, earlier in the oil and turgidness sector, during the countrys fifteen years of independence. following independence, the gove rnment created a brotherly regime for oil and hired gun investments at the same succession that it undertook other liberalizing economic measures and began an determined privatization program. Shortly after the break-up of the USSR in 1991, Kazakhstan began a series of wide of the mark based reforms in an motion to move from a intend economy to a market economy.

These reforms include demonopolization, privatization, debt restructuring, lifting profitability controls, harm liberalization, customs and tax reform. Kazakhstan also established a securities and diversify commission, liberalized trade, enacted laws on investment, set up a government procure! ment process, and reformed the banking system. Key challenges pee fair and competitive surroundings for businesses. Ownership of private businesses is more and more becoming concentrated, potentially stifling competition and entrepreneurship. The authorities should concentre on establishing an rough-and-ready competition policy framework enhancing coming for new competitors and defend markets from restrictive business...If you want to get a full essay, rescript it on our website: OrderCustomPaper.com

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