Kazakhstan to develop regional doing business rating

ASTANA – The first ease of doing business rating of Kazakh regions will be compiled this year, said Economic Research Institute head Serzhan Madiyev. Based on international and domestic experience, it aims to help the government to more precisely and purposefully provide regional support.

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Kazakh President Nursultan Nazarbayev noted the necessity of creating the city and regional rating in his annual address to the nation.

Kazakhstan works each year to improve its position in the World Bank Doing Business global rating, said Madiyev.

“We provide recommendations to the government on what needs to be done to raise the positions in this rating every year. It is very important for attracting foreign investments. This year, we are launching a new rating in accordance with the instructions of the head of state. It will be the Ease of Doing Business rating in the regions. This is not a new activity for us, as we have provided such a ranking for the Atameken National Chamber of Entrepreneurs in the past two-three years. It meets the tasks of the chamber. They also monitor, make their conclusions based on this rating and search for problems and imbalances. Now, the Ministry of National Economy on behalf of the government has set us the task to develop the annual rating in the regions on the principle of the ease of doing business index,” he said.

58c276c0f3afd1489139392The National Chamber of Entrepreneurs work experience with the World Bank will be applied in developing the ranking. Madiyev stressed such an approach will allow seeing a real picture of what is happening in the regions and also help develop competition among them. Now, akims (governors) should provide support for every entrepreneur.

In addition, a special award will be granted in the form of public incentives for those regions and cities that pay the most attention to business support and enterprise development.

The experts plan to finalise the methodology and publicly discuss and approve it, then send it to the regions this year in cooperation with the National Chamber of Entrepreneurs.

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