Kazakhstan has recently announced a moratorium on the creation of new entities in the quasi-state sector until December 31, 2026. This decision, made in accordance with President Kassym-Jomart Tokayev’s economic liberalization directive, aims to promote private entrepreneurship and establish regulatory conditions to prevent the dominance of state enterprises in competitive sectors.
The decree allows for exceptions, such as cases related to the return of illegally acquired assets and special cases directed by the president. It was developed by the Ministry of National Economy and adopted by the Government of Kazakhstan.
This strategic move is set to create economic space for the full realization of private entrepreneurship potential in Kazakhstan. By limiting the growth of state-controlled entities, the government hopes to foster a more competitive market environment and facilitate economic growth in the country.