Head of state signed law on business regulation
Private initiative and free enterprise have become key factors in the country's economic development and growth of the country's prosperity. Astana, whose 20th anniversary celebrates the whole of Kazakhstan, is a bright symbol of the success and effectiveness of our reforms," said the President of Kazakhstan.
The main goal of the amendments is the liberalization of the legislation in the sphere of business regulation, the law provides for a reduction of the state control functions by almost 30 percent. The important role is given to the preventive control institute that will prevent violations. The services of natural monopolies and the quasi-public sector are regulated," the head of state said.
In total, about 1000 amendments to 14 codes and 109 laws are made by the law, the logic of all these reforms fully corresponds to the main strategic course of the state - to create the most favourable conditions for business development. Today it is extremely important to open all possible "locks" for strengthening business activity and involvement in entrepreneurship wide range of people," said Nursultan Nazarbayev.
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