www.transparencykazakhstan.org - An Overview
www.transparencykazakhstan.org - An Overview
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Get-togethers to professional contracts, like foreign investors, can seek dispute settlement in Kazakhstan’s courts or international arbitration, and courts nominally implement arbitration clauses in contracts. On the other hand, Submit is mindful of no less than one situation when The federal government is alleged to possess refused to honor a completely litigated Intercontinental arbitral conclusion.
A legislation on Currency Regulation and Currency Control expands the statistical checking of transactions in foreign currency and facilitated the entire process of de-dollarization.
Authorities businesses should preserve a specific volume of “in-country benefit” when signing procurement contracts for building products, home furniture, textile, chemical products and solutions, prescribed drugs, and tools. In March 2024, the Ministry of Vitality introduced improvements to incorporate minimum amount specifications for in-region worth in its on the internet procurements, and also within the procurement clauses of latest contracts for subsoil consumers. The alterations also empowered the Ministry to barter in-state worth minimum needs to present subsoil person contracts.
Kazakhstan’s 2021 Environmental Code features a chapter on adaptation to local climate adjust that concentrates on the precedence parts of agriculture, water management, forestry, and civil defense. The Kazakhstan 2050 Tactic encourages an accelerated transition to a low-carbon economic climate, sets a concentrate on for your share of renewable Electricity within the region’s overall energy blend to achieve fifty per cent by 2050, and promotes h2o-conserving systems. “The Thought for Advancement with the Gasoline and Power Sector right until 2030” aims to establish regulations and incentives to market sustainable and renewable Electrical power, adapt to climate transform and handle the worries connected to lowering carbon dependency.
The Labor Code describes an escalatory mechanism for resolving unique labor disputes, involving immediate negotiations using an employer, followed by a conciliation commission, and ultimately the courts, when required. Collective labor disputes equally can be fixed via direct negotiations by having an employer, followed by mediation commission, labor arbitration, as well as the courts. The February 2023 amendments on the Labor Code eased some limitations to staff’ ability to strike by introducing a just one-time hour-prolonged strike in the course of arbitration and lowering the quorum demands for the choice to strike.
Foreign organizations think about this being coercion to localize output and differential cure of overseas and domestically created equipment. In 2024, The federal government declared additional reductions in financial investment subsidies for imported agricultural machines. Overseas producers seen this selection as outside of compliance Along with the WTO basic theory of non-discriminatory treatment method.
Russia’s war from Ukraine and the following sanctions versus Russia impacted Kazakhstan’s expense local climate. Kazakhstan shares a long border and comprehensive financial ties with Russia. The GOK carries on to precise its determination to adjust to Western sanctions versus Russia. For a lot more than two years since Russia’s even more invasion of Ukraine, Kazakhstan’s overall economy has demonstrated resilient, typically on account of favorable costs for its commodity exports.
AIFC inhabitants have usage of simplified processes for obtaining investor visas. Overseas buyers frequently complain about problems with finalizing contracts and licensing.
One hydrocarbons enterprise statements expropriation. The case went to international arbitration plus the legal procedure proceeds with no resolution. In December 2023, the government repurchased and resold to a different investor the belongings of a overseas-owned metals and mining firm following an Oct accident in one of its services that killed forty six men and women.
Там, где нарушаются принципы справедливости, — как в авторитарных, так и демократических странах, — коррупция все чаще остается безнаказанной, а в некоторых случаях даже поощряется, устраняя последствия для правонарушителей.
The CPI is an mixture indicator that ranks nations around the world determined by the diploma to which corruption is perceived to exist in the public sector. It depends on 13 surveys[two] from organisations which are impartial of Transparency Intercontinental, including the Globe Financial institution and Liberty Residence.
International investors may be involved in authorities and quasi-governing administration procurement tenders if they've recognized manufacturing services in Kazakhstan and are regarded as being a pre-capable bidder.
Due to the fact Every single from the assessments uses a unique scoring scale, the CPI standardises these scores using a mathematical calculation to ensure that effects could be as more info opposed and aggregated.
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