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2018-11-01

Kazakhstan shows improvement in World Bank's ranking of business reforms

Caravanserai

WASHINGTON, DC -- Kazakhstan was ranked 28th out of 190 economies in the World Bank's assessment of global ease of doing business, AKIpress reported Thursday (November 1).

Kazakhstan climbed in six out of 10 indicators for business reforms, moving up from 36th the previous year, according to the World Bank's Doing Business 2019 report published Wednesday (October 31).

Such indicators include the ease of starting a business, getting construction permits, enforcing contracts, resolving insolvency, getting credit and trading across borders, among others.

Kazakhstan was ranked first place in the indicator for protecting minority investors.

The same study put Kyrgyzstan at 70th place, Uzbekistan at 76th place and Tajikistan at 126th. New Zealand ranked first and Somalia last.

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