Market profile
Doing business
Some important changes to improve the business climate have taken place in recent years, including improving credit facilities, development of the banking system and opening private credit bureaux.
More information on doing business in Kazakhstan
Country Profile
Content supplied by Department of Foreign Affairs and Trade
- ECONOMIC CLIMATE
Kazakhstan’s economy has performed strongly over the last decade, powered by booming energy and mineral exports, and facilitated by some economic reform, foreign investment and (mostly) good harvests.
» read more at DFAT
- TRADE RELATIONS
Kazakhstan is Australia’s leading trading partner in Central Asia, however, the level of trade between Australia and Kazakhstan remains modest.
» read more at DFAT
- POLITICAL CLIMATE
Kazakhstan is a presidential republic where power rests almost entirely with the President. Kazakhstan has had two constitutions since independence.
» read more at DFAT
Top Business Risks
OECD Guidelines for Multinational Enterprises
Multinational Enterprises should be aware of the OECD Guidelines for Multinational Enterprises that provide voluntary principles and standards for responsible business behaviour in a variety of areas, consistent with applicable domestic laws. These Guidelines are endorsed and promoted by the Australian Government. For more information, go to the AusNCP website.
Extractive Industries Transparency Initiative
The Extractive Industries Transparency Initiative (EITI) is a voluntary mechanism which promotes and supports improved governance in resource-rich countries through the full publication and verification of company payments and government revenues from oil, gas, and mining.
The EITI is supported by governments, industry, and non-government organisations around the world. The Australian Government supports the EITI and encourages Australian companies operating internationally to comply with its recommendations.