Expert opinions on State-of-the-nation address
Development of finance and stock markets are highlighted in the state-of-the-nation address of President of Kazakhstan, Nursultan Nazarbayev. The President is also focusing on the activities of the Astana International Financial Center. By using the international experience, English law and technology the center can become a regional hub and contribute to improving the republic’s investment climate. According to international experts, the address gives not only a bold, but a detailed plan for Kazakhstan’s further development.
VLADIMIR MIKLASHEVSKY, SENIOR ECONOMIST AND STRATEGIST, DANSKE BANK:
- Nazarbayev has been making attempts to diversify Kazakhstan’s economy, specifically, detachment from dependence on energy prices. For this purpose, it is necessary to develop the financial and the banking sector as well as to make these sectors more transparent. Taking into account the recent trends in other CIS countries this is a good step in this direction.
Italian expert Dario Citati claims that one of the main conditions for attracting foreign capital to the republic is to increase the transparency of both the financial sector and state institutions. The rule of law, indicated in the 9th paragraph in the President's address, will certainly attract new international investors to the country, the analyst says.
DARIO CITATI, EXPERT, ITALIAN INSTITUTE OF GEOPOLITICAL STUDIES:
- Of course, in order to attract investors it is very important to show that a principle, the rule of law exists in Kazakhstan. Then the investors can be confident that, despite all the difficulties, there is always a law that dominates at all levels of society, and it is possible to work with all guarantees. I think this is very important for the country’s development.