Kazakh government proposes new business development approaches

Kazakh government proposes new business development approaches

Constructive dialogue with businesses will help to foster a favorable business climate in the country. This was discussed today by the Kazakh government. As part of measures to enhance the business environment, it is proposed to develop completely new approaches, including support for youth business initiatives in the creative economy, bolstering the workforce potential of businesses in rural areas, and reducing the tax burden. Furthermore, domestic entrepreneurs need to be protected from unwarranted government intervention. Additionally, in order to support domestic agricultural producers, the government is proposing reviewing subsidy systems and developing an action plan for the implementation of business development measures. The latter is under the responsibility of the country’s Ministry of National Economy, relevant government agencies and the National Chamber of Entrepreneurs.