Kazakhstan, undoubtedly, is one of the leaders on post-soviet space in the beat field of attraction of the impertinent investments to the national frugality. 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 satisfying 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 hostile investment since independence. By July 2007, foreign investors had invested a total of well-nigh $58.3 billion in Kazakhstan, primarily in the oil and turgidness sector, during the countrys fifteen years of independence. by-line independence, the government created a bro therly regime for oil and liquid investments at the same succession that it undertook other liberalizing economic measures and began an wishful 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 plan economy to a market economy.
These reforms include demonopolization, privatization, debt restructuring, lifting profitability controls, toll liberalization, customs and tax reform. Kazakhstan also established a securities and flip-flop commission, liberalized trade, enacted laws on investment, set up a government procurement process, and reformed the bank! ing system. Key challenges pee fair and competitive environs for businesses. Ownership of private businesses is more and more becoming concentrated, potentially stifling competition and entrepreneurship. The authorities should concentre on establishing an impelling competition policy framework enhancing coming for new competitors and protect markets from restrictive business...If you want to get a full essay, stray it on our website: OrderCustomPaper.com
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