Kazakh Senate considers law to ease administrative burden on businesses

Kazakh Senate considers law to ease administrative burden on businesses

The legislation regarding business matters should consider the interests of both society and the state. To this end, members of the Senate, an upper house of the Kazakh Parliament, discussed a law aimed at reducing administrative burdens on entrepreneurs. The MPs approved the document in its first reading. The amendments involve bringing forms of state control and supervision in line with the fundamental principles and approaches of the new regulatory policy. Anticipated effects include the introduction of new mechanisms to regulate and protect entrepreneurial activities, fostering a balanced alignment of interests among consumers, business entities, and the state.

“The third set of amendments is aimed at implementing specific instructions given by the Head of State regarding the provision of domestic raw materials to processing industry enterprises in sufficient volumes and at reasonable prices, the phased removal of price regulations on socially significant food products, while ensuring effective targeted support for socially vulnerable segments of the population, among other measures,” said Senate member Lyazzat Rysbekova.