Business climate improvement considered at Govt meeting

Government • 25 February, 2020

Business climate improvement considered at Govt meeting

At the Government session chaired by Prime Minister Askar Mamin, measures to improve the business climate were considered, primeminister.kz reports.

Egemen Qazaqstan

The Minister of National Economy Ruslan Dalenov, Deputy Chair of the Board of Atameken National Chamber of Entrepreneurs Eldar Zhumagaziev and First Deputy Prime Minister - Minister of Finance Alikhan Smailov reported on the work in this direction.

Entrepreneurship in the Republic of Kazakhstan is supported by the programs Business Roadmap, Enbek and the Economy of Simple Things. In 2019, within the framework of these programs, financial support was provided for 5,903 projects, of which 3,700 were directed to existing enterprises and 2,200 to create new production or expand existing ones.

In 2019, the share of SMEs in GDP amounted to 29.5%. Over the previous 5 years, 7 packages of legislative initiatives have been adopted aimed at reducing administrative barriers and various business transaction costs.

The result of the adopted reforms is Kazakhstan's joining the 25 best countries among 190 of the world in the World Bank's Doing Business ranking on ease of doing business.

To date, the 8th package of legislative measures to improve the business climate has been developed and submitted to Parliament. The document provides for simplification of the procedure for registering contracts (canceling the stamp), speeding up the procedure for registering a VAT payer (online, within 1 day), the possibility of opening bank accounts online within 1 day, eliminating the need for notification of certain procedures (GASK, traffic police), increasing security of transactions through public access to information (on arrest, encumbrance, property rights to real estate for legal entities), combining a number of permits in one package, etc.

“The Government has been given the task of strengthening the role of SMEs and bringing its share in the country's economy to at least 35% by 2025, and by 2050 — to 50%. To achieve these indicators and create the most favorable conditions for business development, a large and systematic work is underway,” said Mamin.

The prime minister noted the effectiveness of measures and programs that promote business development and stimulate entrepreneurial activity of citizens.

“Now we should build harmonious work for the high-quality and effective solution of the tasks set by the Head of State. In this regard, it is necessary to accelerate the adoption of the 8th package of measures to improve the business climate and to carry out relevant work in the Parliament by June 1, 2020,” Mamin said.

The Head of Government instructed the Ministry of National Economy to complete the work on the implementation of the Government for Business project by July 1, which will simplify the procedures for obtaining state support measures for entrepreneurs on the basis of the Single Window principle.