Kazakhstan enters Top Fifty World Economies for Doing Business.

By bne IntelliNews October 21, 2011
Kazakhstan's business climate has improved significantly in 2011, going up 11 places in the World Bank's Doing Business rankings and for the first time the country was included into top 50 world economies. Kazakh Prime Minister Karim Massimov claims that World Bank's report has shown that countrys ongoing programme of business reform is working successfully. In his opinion Kazakhstan is more open to foreign investors than ever before. In the past decade, Kazakhstan's economic growth has more than doubled with the growth at an average annual rate of 8-9%. To remind you, Kazakh economy prepares for the implementation of the Customs Union's Common Economic Space which is scheduled for 1st January 2012. Customs Union between Kazakhstan, Russia and Belarus allows the free movement of capital, goods and labour between three states. According to the abovementioned ranking Kazakhstan is by far the easiest place to do business in growing consumer market of over 165mn people.

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