Nursultan Nazarbayev said Wednesday that his country should rank among the world's top 50 most competitive nations in a decade's time

Tuesday, December 1, 2020

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Kazakh President Nursultan Nazarbayev said Wednesday that his country should rank among the world's top 50 most competitive nations in a decade's time. According to Nazarbayev, the government has set several strategic goals to meet that would help modernize Kazakhstan's economy. He also called tax reform a key priority, noting that increased tax collection and simpler tax laws would give a much-needed boost to business and international trade. Other steps to be taken include the implementation of a flexible monetary policy to cushion the economy against inflation and the raising of the fuel sector's efficiency, Nazarbayev said. "Every deposit should be viewed as a potential base for the development of private enterprise. Along with producing oil and natural gas, we must [work] to transform the country into an oil services cluster, using Norway as an example," he said.

Bookmark Nursultan Nazarbayev said Wednesday that his country should rank among the world's top 50 most competitive nations in a decade's time