The government has approved a list of Samruk-Kazyna companies to be privatized
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.
The International Financial Center “Astana”
The International Financial Center “Astana” (hereinafter – the Financial center) will be established this year and a special law regulating activity of the participants of the Financial Center will be adopted under the Decree of the President of the Republic of Kazakhstan for the purposes of modernization of national economy.
The Investment Ombudsman Institution in Kazakhstan
Over past years, Kazakhstan has been ameliorating the investment climate through development of instruments of state support stimulation of investments and protection of foreign investors.
The main legal act regulating activity of foreign investors in Kazakhstan is the Law on Investments, according to which, the purpose of state support of investments is in ensuring of a favourable climate for economic development and investment stimulation for creation of new production, extension and modernisation of current manufactures while applying cutting-edge technologies.
The novelty of permits system of Kazakhstan
In November 2014 came into force the Law “On permits and notifications” (hereinafter – the Law), which is addressed to the most effective way of consumer right protection by the reasonably required burden on entrepreneur.
The President to Undertake Measures for Stimulating Business Development
On February 27, 2014 Nursultan Nazarbayev, the President of the Republic
of Kazakhstan signed a Decree on measures for improvement of business
environment in the Republic of Kazakhstan.
The Second Wave of Privatization
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.