Kazakhstan to create 12,000 new jobs due to investment projects launch

Kazakhstan to create 12,000 new jobs due to investment projects launch

This year, Kazakhstan is expected to launch 64 investment projects worth over 233 billion tenge, which will create 12,000 new jobs in the country. Further work is projected to include the implementation of nearly 800 more investment projects in various branches in the next years, which will provide Kazakh citizens with new job opportunities as well, as recently announced by Kazakh Deputy Prime Minister Tamara Duisenova. Also, the small and medium-sized sector in the country receives state support. Thus, the Government is preparing a comprehensive program for its development, in particular, the ‘clean slate regulation’ principle has been tested. In general, within a year and a half, 128,000 requirements in 44 spheres have been analyzed, 9,000 of which did not meet the conditions of the new regulatory policy and were excluded. Additionally, tax reporting is expected to be significantly reduced by 30 percent in the near future. Moreover, the number of scheduled inspections will also decrease due to the automation of risk management systems in the areas of state control and supervision.