Kazakhstan: Aidarbek Kozhanazarov says investment must deliver long-term results

Kazakhstan's Head of State proposed discussing a new three-year moratorium on inspections of micro and small businesses in his Address and instructed that specific amendments to the Tax Code be drafted. He also stressed the need to expand investment lending to enterprises.

Kurultai deputy Aidarbek Kozhanazarov, in an opinion piece for Egemen Qazaqstan, wrote that not hindering business is enough in principle, but the state should not fully abandon control. He argued the proposed moratorium should help turn regulation into a system that is open, predictable and based on modern digital tools. Entrepreneurs who follow the law, he added, should not lose time and resources on excessive inspections.

Kozhanazarov said investment must produce long-term economic results, not just capital and reports on its volume. This requires infrastructure, access to energy resources, skilled workers and stable business rules. He noted that a new law has laid the groundwork for redirecting banks from consumer lending to the real economy, and stressed the importance of developing medium-sized businesses.