Not known Facts About www.transparencykazakhstan.org
Not known Facts About www.transparencykazakhstan.org
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There are no limitations or restrictions placed on international buyers in converting, transferring, or repatriating money related to an financial commitment.
Фонд по противодействию коррупции «Транспаренси Интернэшнл - Казахстан» призывает к продолжению антикоррупционных инициатив, с упором на всеобъемлющую, прозрачную и независимую борьбу с коррупционными практиками.
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The regulation eases bureaucratic needs for bankruptcy filings, provides creditors a increased say in continuing functions, introduces a deadline for adopting rehabilitation or reorganization strategies, and provides court supervision needs.
The Labor Code describes an escalatory system for resolving specific labor disputes, involving direct negotiations with an employer, accompanied by a conciliation Fee, and eventually the courts, when wanted. Collective labor disputes in the same way can be fixed through direct negotiations having an employer, accompanied by mediation Fee, labor arbitration, plus the courts. The February 2023 amendments into the Labor Code eased some constraints to staff’ ability to strike by introducing a one particular-time hour-very long strike through arbitration and cutting down the quorum needs for the choice to strike.
International companies look at this being coercion to localize creation and differential remedy of international and domestically produced tools. In 2024, The federal government declared more reductions in investment subsidies for imported agricultural machines. International producers considered this conclusion as away from compliance While using the WTO basic basic principle of non-discriminatory remedy.
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The Entrepreneurial Code outlines fundamental rules of undertaking business, The federal government’s relations with business owners, and codifies non-discrimination for international buyers. The code contains incentives and Choices for government-identified precedence sectors.
One hydrocarbons business claims expropriation. The case went to international arbitration along with the lawful approach carries on without resolution. In December 2023, the government repurchased and resold to a new investor the assets of a foreign-owned metals and mining enterprise next an October accident in one of its services that killed forty six persons.
Overseas traders may possibly be involved in privatization tasks. On the other hand, the procedure to do so is prolonged and should existing challenges for overseas businesses. Sometimes, The federal government authorized product sales of inventory of SOEs, such as via IPOs and SPOs, which can be equally open to overseas and domestic traders.
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The government signed on towards the Extractive Industries Transparency Initiative (EITI) in 2007. Kazakhstan creates EITI reports that disclose revenues in the extraction of its all-natural methods. Firms disclose what they have compensated in taxes and also other payments, and the government discloses what it has received; both of these sets of figures are then when compared and reconciled.
Yet another major SOE would be the countrywide holding company Baiterek, which manages growth establishments and financial corporations to guidance entrepreneurship, very affordable housing, and food stuff stability. More information is available on its Site: .
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