President
Kassym-Jomart Tokayev signed a decree ‘On Measures for Economic Liberalization’
aimed at ensuring entrepreneurial freedom through the development of
competition, reducing the state’s participation in the economy, and lowering
business costs. The decree outlines the establishment of a national
privatization office within the Agency for Competition Protection and
Development, tasked with determining state assets eligible for privatization
and compiling a corresponding list. As part of the liberalization of opening
and conducting business, entrepreneurs will have simplified and automated
access to procedures for obtaining technical conditions and connecting to
engineering networks. Another section of the decree involves measures aimed at
protecting the rights and interests of businesses, including through the
decriminalization of economic offenses. The implementation of the decree will
give an additional impetus to reducing the share of the public sector in the
economy and supporting private entrepreneurship.
Web-editor: Aizhan
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