Kazakhstan is the world’s largest landlocked country and places as 6th in world for natural resources reserves. It is the largest and strongest performing economy in Central Asia. Before suffering a strong slowdown since 2014, the GDP grew by about 8% per year.
The unique geographic location of Kazakhstan at the crossing of Europe and Asia guarantees huge traffic through the country due to the significant markets in Europe and Asia. Since ancient times, the Silk Road has been used for the exchange of goods, products, culture and knowledge between the continents- all through Kazakhstan.
Nowadays Kazakhstan tries to position itself as a logistics hub between the producing markets in Asia, such as China and India, with the west as the primary consuming business partner. As a result of a political strategy to provide equal rights and equal opportunities regardless of nationality, Kazakhstan has managed to provide political stability in order to create clear and transparent conditions for foreign investment attraction, which broadly preceded the economic success of the country. Kazakhstan attained the rank of 35 in the “ease of doing business report” of the World Bank for 2017, after being ranked 51st in 2016.
Latest news about Kazakhstan
The webinar held on April 13th, 2017, took a detailed look at the Market Entry FAST TRACK approach and each of its elements, showing its flexibility via two real case studies.
On 10 April 2017 SCHNEIDER GROUP organized a Tea Time in our Almaty office. The event was dedicated to the concept of the new Tax Code of Kazakhstan which is expected to enter into force on 1 January 2018.