Kazakhstan in global competitiveness index
The upgrade of the country's ranking in the Global Competitiveness Index of the World Bank is one of the main priorities of Kazakhstan's economic policy. This year, the Republic plans to rise in the list by 12 positions. This was announced at a briefing for diplomatic corps and foreign business associations by the Kazakh Vice Minister of National Economy, Madina Zhunusbekova. She said that in order to increase competitiveness, large-scale work has been carried out to reduce administrative barriers in recent years. All government services that are necessary for doing business are provided with a single window system. Moreover, a new Tax Code has been adopted for the simplification of administrative procedures.
MADINA ZHUNUSBEKOVA, KAZAKH VICE MINISTER OF NATIONAL ECONOMY:
-This year, we expected Kazakhstan to occupy 45th position in the global competitiveness rating, 12 steps up. This year, we anticipated improvement by 13 positions. In recent years Kazakhstan significantly reduced administrative barriers and regulatory burden on business. We have carried digital transformation of public services, too. As may know, investors’ right protection is important. Kazakhstan now is number one in the world in protecting minority investors’ interests according to doing business report.
Following the results of the assessment of 2017, Kazakhstan ranked 57th among 137 countries. According to the Kazakh vice Minister, international rating agencies such as Standard & Poors, Moody's and Fitch ranked the country as stable.