Question

what is the business proposition in Kazakhstan?  

Answer 1

Solution: Kazakhstan is one of the prominent nations in central Asia which is especially known for the huge amount of oil and gas reserves. According to the reports, the country is capable to produce more than 80 million ton of oil on annual basis. From a business perspective, Kazakhstan is one of the strongest, prosperous and strong growing economy in central Asia. Some of the key aspects which must be taken into consideration while thinking to have a business set up in Kazakhstan.

(1) Market: The market of Kazakhstan is growing at a healthy rate and it is considered as one of the most dynamic and emerging market from business prospects. Therefore, it is a healthy sign.

(2) Income level: Good margins simply depends on the income level or purchasing power level of the people in the region or nation. As per authentic reports, it is found that majority of the people belong to growing middle class which shows huge potential in the market.

(3) FDI acceptability: Kazakhstan government is positioning them as a country which offers objectivity, transparency and cooperative business culture to attract international business.

(4) Infrastructure: Kazakhstan has earned good name when it comes to ease of doing business( 36 rank in 2018) and availability of infrastructure i.e. raw material, power, transportation and other facilities etc.

(5) Rivals: The key competitors in the market are Russia and China which can give good challenges in the same market.

(6) Problems: The interference of local laws and crime rate are the biggest hurdle for the business progress in Kazakhstan.