Blog of our mind

System of government procurement in Kazakhstan

July 30, 2014

The system of government procurement in Kazakhstan is to be described as follows:

  • the state organizations carry out government procurement under the Law of the Republic of Kazakhstan „on government procurements”. The state control of carrying out of government procurements on their compliance to the Law, provides their legitimacy and transparency.

Administrative barriers restricting business development (continuation)

July 3, 2014

Following up upon administrative barriers restricting business development, we offer to consider following cases from our practice.

Improvement of Investment Climate of the Republic of Kazakhstan in Light of the Last Amendments of 12 June 2014

June 18, 2014

On the 12th  day of June 2014 Kazakhstan President N. Nazarbayev signed into Law of the Republic of Kazakhstan “On amendments and supplements into the legal acts of the Republic of Kazakhstan pertaining to the improvement of investments climate ( the “Law”), by virtue of which, the following legal acts of the Republic of Kazakhstan should be amended:

The government has approved a list of Samruk-Kazyna companies to be privatized

May 12, 2014

The Government of the Republic of Kazakhstan at the meeting on 29 April 2014 approved a list of companies of Samruk-Kazyna (the National Welfare Fund), which will be sold to the private sector within the privatization framework.

Quota on Attraction of Foreign Labour for Priority Projects

May 12, 2014

The procedure to assign the quota for priority projects has several differences from the general procedure for assigning quotas on attraction of foreign labour. For a more detailed understanding of these differences, it is suggested to analyze the legislation[1] of the Republic of Kazakhstan, in particular, migration and employment law.

The Second Wave of Privatization

April 28, 2014

The second wave of privatization of state-owned organizations will be launched in Kazakhstan.

April 14, 2014 Umirzak Shukeyev, the Chairman of the Board of Sovereign Wealth Fund Samruk-Kazyna JSC, informed that the Fund is going to put up a third of its assets for privatization.