August 3, 2020. Consumer prices rose a seasonally-adjusted 0.40% from the last month in June, coming in below May's 0.50% rise. According to the Minister of National Economy of Kazakhstan, in nine months of 2016 the GDP growth reached 0.4%. Sectors of economy that experienced the highest growth included construction (6.9%), agriculture (4.9%), and transport sector (4.0%).Kazakhstan was ranked 25th out of 190 countries in the World Bank's Doing Business 2020 report. The Netherlands invested $7.3 billion in Kazakhstan (30.2%), followed by the USA — $5.5 billion (23.0%) and Switzerland — $2.2 billion. Production in 2001 has been growing at roughly 20%, on target to meet the government's forecast of 40,100,000 tons of oil (800,000 barrels per day). English PDF 712.1KB. The report evaluates business efficiency, public finance and domestic economy.On the territory of the Republic of Kazakhstan, there are 12 special economic zones with different sectoral orientations: Since September 2019, the program selects businesses and assists them with navigating bureaucracy and connecting to foreign markets the government deems a priority, including Germany, Turkey, the United Arab Emirates, Iran, and China.The Kazakh government approved in August 2017 a national investment strategy, which seeks to increase foreign investments by 26% in five years and create a more favorable investment climate. Kazakhstan’s tenge (KZT) strengthened notably against the U.S. dollar in May and at the start of June, after having sunk to a record low in March. It included creating a business plan, financial model and teaser development.In order to facilitate foreign investment, Kazakhstan launched in 2020 an online portal elicense.kz, which allows to conclude investment contracts online reducing red tape.Kazakhstan has legislatively addressed the issues of Legal Regulation of Intellectual Property, patent law, and copyright protections.On 11 November 2014 in his address to the nation for 2015 Nursultan Nazarbayev proclaimed Kazakhstan's New Economic Policy – The Path to the Future (Nurly Zhol).Kazakhstan has identified five priorities for modernization of the state and the economy to maintain competitiveness in the The Heritage Foundation, a Washington DC – based research center, ranked Kazakhstan 41st in its Kazakhstan aims to boost economy by attracting private investors interested in developing national companies. Kazakhstan: Central Bank cuts base rate to 9.00% in July. The industry attracted record $13.586 billion in foreign investment. Read more. c b. Tweet Like Share # Shares: 0. The landmark foreign investment in Kazakhstan is the Kazakhstan is a leading producer of many mineral commodities, including In June 2014 the CKD (Complete Knock-Down) assembly of Toyota Fortuner was launched in Kostanay, Kazakhstan.The Kazakhstan's car industry was developing rapidly in 2014 producing $2 billion worth of products annually.GE Transportation acquired 50% stake in Lokomotiv Kurastyru Zauyty in a joint venture with Kazakhstan's national railway company Temir Zholy.On 22 December 2014 the World Bank approved an $88 million loan that would support Kazakhstan's efforts to facilitate commercially and socially viable innovation in technology.According to A.T. Kearney's 2015 Global Retail Development Index, Kazakhstan ranked 13 out of 30.Kazakhstan has 11 transcontinental routes, including rail and road routes, and many oil and gas pipelines. The visa-free entry is expected to increase cooperation with investors and businesses of these countries.Agriculture is one of Kazakhstan's most important sectors where the country seeks to attract foreign investments to boost the competitiveness of this sector of economy. Page last updated on January 27, 2020 Economy - overview: Kazakhstan's vast hydrocarbon and mineral reserves form the backbone of its economy. Manufacturing and trade were second and third most attractive sectors for investors. Kazakhstan has the potential to be a world-class oil exporter in the medium term. The volume of export in the reporting period made $67bn (+25.7%) and import was $32.5bn (+9.9%).The Government of Kazakhstan has been supporting Kazakhstani exporters operating in foreign markets through their QazTrade incubator. Kazakhstan's privatization program aims to reduce the state participation in the economy to 15 percent, which is the l…

The country improved its position by 3 points, from 28 to 25, in the 2020 ranking compared to the previous year. Through this project, 65 Kazakh tech startups received funding and training helping them get their innovations into markets.China is Kazakhstan's important trade partner.

Consumer prices increased a seasonally-adjusted 0.30% from the previous month in July, a smaller increase than June's 0.40% rise. The share of SMEs in Kazakhstan's GDP increased from 24.9% in 2015 to 28.4% in 2018. The largest investor in the Kazakh economy is The Netherlands ($66 billion), followed by the United States ($26 billion) and Switzerland ($15 billion).Summarizing 2016, Kazakhstan's Foreign Minister Erlan Idrissov noted that Kazakhstan attracted $20 billion of foreign direct investment during the year.Kazakhstan introduced a visa-free regime for citizens of EAEU, OECD, Monaco, Malaysia, United Arab Emirates, and Singapore starting from 2017.

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