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Tuesday, November 12th, 2019

Prime Minister Bakytzhan Sagintayev discusses measures to improve business environment with entrepreneurs of NKR

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In accordance with the instructions of the Head of State, the Government is working to create favorable conditions for the development of the domestic business. Measures of financial and non-financial support are being taken, and the legislative base is being improved.

The Prime Minister of Kazakhstan Bakytzhan Sagintayev elaborated measures to deregulate the business environment. The number of permits has been reduced by more than 3 times, 114 spheres of control and 18 spheres of supervision have been revised. The audit of the legislation in terms of the responsibilities of the business for providing reports and information to state bodies has been started. At the first stage, the result of the measures taken will be the reduction of information requirements for business by 30%.

In agriculture, all the main support measures are provided in the State Program for the Development of the Agro-Industrial Complex. Including financial instruments, creation of conditions for effective use of land resources, the increase of provision of agricultural machinery, development of trade and logistics infrastructure and scientific and technological support.

The government is working to reduce the number of planned tax inspections, improving the scope of procurement and taking measures to increase the proportion of local content.

In order to reduce the state’s presence in the economy, privatization procedures have been simplified, and the priority right to purchase a stake in a private limited company with the participation of the state or a quasi-sector has been excluded.This should increase the participation of business in the privatization process and will allow entrepreneurs to occupy new niches.

New business opportunities are opened within the framework of Modernization 3.0, new branches of the economy, new industries are being created, the services sector, tourism, “economy of simple things”

The Deputy Chairman of the Board of the Atameken NCE N. Altayev delivered a report on the current situation in the sphere of small and medium business.Members of the regional council of the Chamber of Businessmen of the region raised actual topics.

Director of the LLP “Ekpin 2002” Y. Abiyev, founder of LLP “Atay SK” T. Kozhakhmetov, Head of the Arkalyk N. Barlubayev, Director of LLP “Art Stroy” I. Valishin, General Director of LLP “Bars-Nord” V. Bogdanov,The general director of Raduga LLP D. Sharapayev raised the issues of implementing the program of productive employment and mass entrepreneurship, made suggestions on improving financial and permissive mechanisms.

The first deputy Prime Minister – Minister of Agriculture of the Republic of Kazakhstan A. Myrzakhmetov, the Minister of National Economy of the Republic of Kazakhstan T. Suleimenov, Heads of KazAgro and Baiterek holdings made comments on the issues and proposals.

Source: The Prime Minister of Kazakhstan

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