Situated at the heart of the Asian continent and the crossroads between Asia and Europe, Kazakhstan is the second-largest republic of the former Soviet Union, after Russia, and the ninth-largest country in the world in the territory.
It stretches from the Caspian Sea in the west to the Altai Mountains in the east, bordering China and Russia.
The country has an abundance of natural resources - including oil, gas, coal, ferrous metals, copper, aluminum, zinc, uranium, and has exploited these resources to build Central Asia’s leading economy. It is also emerging as a major transport and logistics hub in the region, linking the large and fast-growing markets of China and South Asia to those of Russia and Western Europe by road, rail, and ports on the Caspian Sea. Kazakhstan presents a trade gateway to a market of about 100 million consumers in Caspian Sea countries, 76 million in Central Asia and 350 million in Western China.
Since the 2000s, the country has seen impressive economic growth driven by the first generation of market-oriented reforms, abundant mineral resources extraction, and strong foreign direct investments (FDI). Sustained economic growth has transformed the country into an upper middle-income economy, commensurately raising living standards and reducing poverty.
With a growing middle class, Kazakhstan provides trade and investment prospects for firms seeking new opportunities in this growing, emerging market.
This progress, however, masks vulnerabilities and unevenness in the country’s development model, still excessively dependent on price fluctuations of oil and other raw materials, and on trade with Russia and China. Thus, besides the strong political commitment to building a solid reputation as the strongest, most stable, and reform-oriented economy in Central Eurasia, Kazakhstan still faces slow productivity growth, wealth inequality, rising living costs, limited job opportunities, and weak institutions....READ MORE
Situated at the heart of the Asian continent and the crossroads between Asia and Europe, Kazakhstan is the second-largest republic of the former Soviet Union, after Russi...
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