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.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Kazakhstan in talks with McDonald's.

Kazakhstan is in talks over McDonald's enter to the Kazakh market, President of the Eurasian Franchising Association, Beknur Kissikov has said. He added that the main reasons that McDonald's is ... more

Kazakhstan to establish institute for energy and energy effectiveness.

Kazakhstan will establish institute for energy and energy effectiveness, deputy PM and Minister of Industry and New technologies Aset Isekeshev has informed. The new entity should start operating ... more

Kazakhstan to diminish oil products imports from Russia.

Kazakhstan plans to diminish oil products imports from Russia, according to Kuandyk Kulmurzin Director of oil industry development department in Oil and Gas Ministry. He explained that the reason ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    9 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    6 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    4 days ago
  5. The models are wrong, climate change is accelerating faster than predicted
    1 day ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    27 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss