THIS WEEK IN KAZAKHSTAN: Country set to improve business climate, bolster innovation activities


The Kazakh Government continues its work aimed at improving conditions for doing business.

THIS WEEK IN KAZAKHSTAN: Country set to improve business climate, bolster innovation activitiesAt the roundtable held this week in Almaty, Kazakh Vice Minister for Investments and Development Yerlan Sagadiyev announced the increase in the number of investors in the processing sector of the country. 129 out of 350 investments projects have been already realized.

Sagadiyev also declared last Friday that Kazakhstan wants to become one of the 30 most attractive investment destinations in the world.

“Kazakhstan is currently 50th most attractive destination for foreign investors in the world. But we are working on it as our goal is to join the club of 30th most attractive countries for foreign investments,” Mr. Sagadiyev noted at the Kazakhstan-France Business Forum in Astana.

In his words, Kazakhstan has attracted nearly $200 billion of direct foreign investments within past decade.

Investors interested in realization of priority projects in this sector will enjoy new special tax privileges staring from next January 1. The Justice Ministry also suggests canceling registration fees paid to establish and liquidate small business entities.

Asset Issekeshev, Investments and Development Minister of Kazakhstan, briefed on the prospects of the five-year plan of the state industrial and innovation development program at the sitting on the development of the country’s innovation cluster with participation of President Nursultan Nazarbayev. The goal is to boost innovation activities up to 20%, and increase the share of innovation products up to 2,5% of GDP. The plan will focus mainly on the processing industry. Tech Garden innovation cluster will be set up in Almaty to nurture young innovation companies, a favorable environment.

1st Deputy Prime Minister of Kazakhstan Bakytzhan Saginatyev took part in the meeting of the Council of the Eurasian Economic Commission that focused on the most urgent issues concerning functioning of the Customs Union and Single Economic Space, development of Eurasian Economic Union.

One of the highlights was the development of the draft treaty on Kyrgyzstan’s accession to the Eurasian Economic Union Treaty.

“The draft treaty on Kyrgyzstan’s accession is ready at large. Expansion of the Eurasian Economic Union will both increase the common economic space and add attractiveness to the integration association and provide more stability to economic development of its member states,” he noted. Besides, those attending took a number of decisions aimed at effective performance of the bodies of the Eurasian Economic Union under formation.

Kazakh PM Karim Massimov got acquainted last week with the Uralsk development plan until 2030. He also met with heads of the delegations arrived to attend the Silk Road International Cultural Forum to discuss urgent issues of the SCO multilateral cultural and humanitarian cooperation.

Besides, he took part in the presidium meeting of the National Chamber of Entrepreneurs. Its management board, heads of the committees and regional chambers reported on the chamber’s activities.

As the PM said, the Government and entrepreneurs established this year a constructive dialogue. “It is essential now to preserve and enhance this dialogue between the government and business,” he added.

Kazakh delegation, led by 1st Deputy Healthcare and Social Development Minister of Kazakhstan Salidat Kairbekova, took part in the XXV session of the CIS Healthcare Cooperation Council, held in Minsk.

Those attending debated draft cooperation programs for diabetes diagnostics and treatment for 2016-2020, on medical insurance for migrant workers and their family members, supplies of medicines, healthcare products and medical equipment manufactured in the CIS member states, as well as a draft concept of coordinated efforts to combat cancer.

National Economy Deputy Minister Kairbek Uskenbayev made public the plans to reduce the price per one square meter of housing under the new housing program outlined in the President’s State-of-the-Nation Address Nurly Zhol. The cost of one square meter of housing in Astana and Almaty will stand at KZT 200,000.

“For the past five years Kazakhstan’s infant mortality has decreased threefold while maternal death rates dropped fivefold,” Secretary of State Gulshara Abdykalikova told journalists prior to the meeting of the National Commission for Women Affairs and Family and Demographic Policy under the Kazakh President.

“In order to join the top most developed countries of the world, we should improve the death rates and bring them to minimum. Next year the Government will develop a new program and we will try to include our proposals in the program,” she added.