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17 Сентября, 2019 10:47

Kazakhstan ranks 28th on ease of doing business

The Government session chaired by the Kazakh Prime Minister examined the measures to climb Kazakhstan’s positions in international rankings, including the World Bank’s Doing Business rankings, Strategy2050.kz reports.

Kazakhstan ranks 28th on ease of doing business  | Strategy2050.kz

National Economy Minister Ruslan Dalenov told the session Kazakhstan ranks 28th when it comes to the ease of doing business.

“Our vision is to join the top 20 economies of the world for the ease of doing business by 2025,” the minister says.

The Logistics Performance Index (LPI) scores countries’ trade and logistics performance, which ranked Kazakhstan 71st in 2018. The country aims to enter top-40 by 2025.

The Global Competitiveness Report (GCR) is a yearly report published by the World Economic Forum. The report "assesses the ability of countries to provide high levels of prosperity to their citizens". This in turn depends on how productively a country uses available resources. Kazakhstan was at 59 on the Global Competitiveness Report, the next goal is to join the top 40 most competitive economies by 2025.

chronicle 2050

SMEs will make up at least 50% of the GDP

abour productivity will reach up to $126 000 and 3 to 6 y.o. kids will have 100% access to pre-school education in Kazakhstan.

Kazakhstan will fully satisfy its own market of POL in compliance with the new environmental standards

The share of non-primary exports in total exports will double and triple by 2040

Transition to Latin graphics will commence

95% of the population will speak Kazakh

15% of the area under cultivation will make use of water-saving technologies.

The issue of providing water for irrigation will be resolve

GDP per capita will stand at $60 000

The urban population will represent 70% of the total population in Kazakhstan