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.
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
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 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
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 of the
Republic of Kazakhstan, in particular, migration and employment law.
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.