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