Nursultan Nazarbayev inked law on entrepreneurial activity publicly
Speaking at the signing ceremony, the Head of State noted that strong institutional foundations of the market economy have been created in Kazakhstan over the years of independence.
"Private initiative and free entrepreneurship have become key factors in economic development and growth of country's welfare. Astana, the 20th anniversary of which is celebrated by Kazakhstan, is a bright symbol of the success and effectiveness of our reforms", the President of Kazakhstan said.
Nursultan Nazarbayev emphasized the special importance of the Law "On amendments and additions to some legislative acts of the Republic of Kazakhstan on improving the regulation of business activities", signed today.
"The main purpose of the amendments is the liberalization of legislation in the field of business regulation. The law provides for the reduction of state control functions by almost 30 percent. An important role is assigned to the institution of preventive control, which 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, the Law introduces about 1000 amendments to 14 codes and 109 laws. The logic of all these changes fully corresponds to the main strategic course of the state - to create the most favorable conditions for business development. Today it is extremely important to open all possible "locks" to strengthen business activity and involve a wide range of people in entrepreneurship", Nursultan Nazarbayev emphasized.
At the end of the speech, the Head of State noted that the "Five Social Initiatives" implemented today open wide opportunities for small and medium-sized businesses, and expressed confidence that the adoption of this Law will be a new serious stimulus for strengthening business activities in the country for the prosperity of people.
Photo: the press service of Akorda
