The President of Kazakhstan signed a decree on measures to liberalize the economy

President of Kazakhstan Kassym-Jomart Tokayev signed a decree “On measures to liberalize the economy,” aimed at reducing the share of the public sector in the economy and developing competition.

This was reported by the press service of the Kazakh leader.

“Firstly, it is envisaged to create a National Privatization Office under the Agency for the Protection and Development of Competition of the Republic of Kazakhstan, which will ensure the development of criteria for state assets subject to privatization and the formation of a list of them. Secondly, measures are provided to increase the independence, quality and independence of the corporate management of JSC “National Welfare Fund “Samruk-Kazyna” (National Welfare Fund of Kazakhstan – TASS note) and its subsidiaries, as well as improving the procurement processes carried out by them,” the message says.

It was instructed to provide the opportunity to use projects that meet advanced international standards for the construction of facilities without the mandatory development of design and estimate documentation according to Kazakhstan standards. A separate block in the decree is a set of measures aimed at strengthening the protection of the rights and legitimate interests of business, including by decriminalizing criminal offenses in the field of economic activity, coordinating with prosecutors prohibitive and restrictive measures initiated by government agencies.