Investment Attractiveness Of Kazakhstan

Kazakhstan, undoubtedly, is one of the leaders on post-soviet space in the sketch field of attraction of the impertinent investments to the national parsimony. Kazakhstan is attractive not 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 authoritative 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 opposed investment since independence. By July 2007, foreign investors had invested a total of well-nigh $58.3 billion in Kazakhstan, generally in the oil and turgidness sector, during the countrys fifteen years of independence. chase independence, the government created a brotherly regime for oil and artillery investments at the same succession that it undertook other liberalizing economic measures and began an overambitious privatization program. Shortly after the break-up of the USSR in 1991, Kazakhstan began a series of patient of 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, determine liberalization, customs and tax reform. Kazakhstan also established a securities and central commission, liberalized trade, enacted laws on investment, se t up a government procurement process, and ! reformed the banking system. Key challenges pee fair and competitive surround for businesses. Ownership of private businesses is more and more becoming concentrated, potentially stifling competition and entrepreneurship. The authorities should concentre on establishing an powerful competition policy framework enhancing coming for new competitors and protect markets from restrictive business...If you want to get a full essay, tell apart it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper