24.05.2018, 21:06 3549

Head of state signed law on business regulation

The signing was public.
The head of state has publicly signed the Law "On amendments and additions to some legislative acts of the Republic of Kazakhstan on improving business regulation", a press service of the Akorda reports.

Speaking at the signing ceremony, the head of state noted that over the years of independence, strong institutional foundations of a market economy have been created in Kazakhstan.

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.


Nursultan Nazarbayev emphasized the special importance of the Law "On the introduction of amendments and additions to some legislative acts of the Republic of Kazakhstan on improving the regulation of entrepreneurial activity", signed today.

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 addition, the President of Kazakhstan described the measures envisaged in the Law for frontal reduction of business costs and the exclusion of norms that impede competition.

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.


At the end of the speech, the head of state noted that the Five Social Initiatives being implemented these days open wide possibilities for small and medium business, as well as expressed confidence that the adoption of the law will be a new serious incentive for strengthening the entrepreneurship activity in the country for the benefit of prosperity to the entire people.

Source: BNews.kz

This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Found an error in the text?

Select the error and press Ctrl + Enter at the same time.

relevant news

Most viewed