Kazakhstan is the world’s largest landlocked country is among the world leaders in total natural resource reserves. It is the largest and strongest performing economy in Central Asia. GDP growth slowed in the wake of the 2014 financial crisis, but has stabilized at 4% since 2017.
The unique geographic location of Kazakhstan, at the crossroads of Europe and Asia, guarantees huge traffic through the country from the significant European and Asian markets. Since ancient times, the Silk Road running through Kazakhstan fostered the exchange of goods, products, culture, and knowledge between the continents.
Echoing the past, Kazakhstan is currently positioning itself as a logistics hub between the producing markets in Asia and the primary consuming markets in Europe. As a result of a political strategy to provide equal rights and equal opportunities regardless of nationality, Kazakhstan has managed to provide political stability and create clear and transparent conditions for foreign investment. The improved political and economic climate is a big reason why Kazakhstan ranks 28th in the 2019 World Bank “Ease of Doing Business Report”, after being ranked 51st in 2016. This is higher than a number of European countries, such as France (32nd), The Netherlands (36th), and Switzerland (38th).