Concept of state regulation of business activity until 2020 ratified in Kazakhstan

Date: 05:33, 21-05-2014.

Astana. May 21. KazTAG - A state regulation concept of business activity until 2020 has been ratified in Kazakhstan. An appropriate decree of the Government has been published in the official press.

"In order to create effective system of state regulation of business activity and form regulating policy for a long term period the Government of Kazakhstan ordered to ratify the concept of state regulation of business activity until 2020," reads the message.

The concept defines vision, main approaches to state regulation of business activity and is supposed to provide further development in this direction until 2020.

Until 2020 the concept provides creation of centralized system of public analysis of regulatory impact of acting and new laws and tools of economy regulation and introduce coordination of normative legal acts by the unions of private business subjects. The concept stipulates transfer of certain state functions of business activity regulation to business environment with simultaneous increase of responsibility of entrepreneurs for violations which result in consumer harm.

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