The 2017 World Bank Doing Business report, released Oct. 25, noted Kazakhstan is among the 10 most-improved economies, climbing 16 positions since 2015. The country is ranked 35th among 190 nations in the category “ease of doing business.”
Joining Kazakhstan on the top improvers list, the result of implementing at least three reforms in the past year, are Brunei, Kenya, Belarus, Indonesia, Serbia, Georgia, Pakistan, the United Arab Emirates (UAE) and Bahrain.
“This significant improvement has been ensured by four of 10 indicators; namely, by facilitating the procedures for obtaining permits for construction, ease of registering property, improving the protection of the rights of minority investors and contract enforcement. It is a good achievement for Kazakhstan,” Centre for Strategic Initiatives senior partner Olzhas Khudaibergenov told The Astana Times.
Improved performance in the Doing Business ranking typically indicates a lower level of income inequality and reduced poverty.
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