of February 2008 intake of Bolashak students in the US reached about a 1000 young Kazakhstanis.to cut bureaucracy the Government is widely introducing the e-government in all major sectors. This measure coupled with other result-oriented administrative reform steps is viewed, among other things, as an important tool in the fight against red-tape and corruption.order to further improve the country s competitive edge and regional role through enforcing the principles of efficient corporate governance and management, greater transparency and accountability as well by boosting its financial markets the Government has taken major steps in early 2006, namely it established the Samruk State holding company, Kazyna Fund for sustainable development and initiated the establishment of the Regional Financial Centre in Almaty (RFCA) (for more details, please see pp. 88, 92, 98 respectively). the last three years (2005-2008) 21 Kazakhstan companies have been listed at the London Stock Exchange (10 on the main market, and 11 on AIM, market for growth companies). This has proved de-facto Kazakhstan s leadership in the former Soviet Union in implementing Western instruments, managerial skills and business standards in the country s economy.from 2005 Kazakhstan has been practically implementing the UK s Extractive Industries Transparency Initiative with the aim to deliver a clear signal to international investors community and financial institutions that the Government of Kazakhstan commits itself to greater transparency to further improve investment climate, strengthen accountability and good governance, as well as promote greater economic and political stability throughout the country which will be based on the principles of decentralization, industry specialization, free market competition and transparency.has officially announced its aspiration to become a trilingual nation to help meeting its ambitious goals. These will be Kazakh as the state language, Russian as the language of interethnic communication, and English as the language of successful integration into the global economy and community.and political stability, along with tremendous natural resources, make Kazakhstan one of the most attractive destinations for capital investments among the republics of the former Soviet Union
growth and development.
2003 20042005200620072008EGDP growth rate (% change oya) 9.3 9.69.710.78.93.2Per capita GDP (US $) 2,070 2,8703,7705,2906,7728,350 Current account (% GDP) (0.9) 0.8 (1.8) (2.4) (6.9) 6.7Trade balance (% GDP) 11.9 15...
