ASTANA, January 18 (RIA Novosti) - Kazakh President Nursultan Nazarbayev said Wednesday that his country should rank among the world's top 50 most competitive nations in a decade's time.
According to Nazarbayev, the government has set several strategic goals to meet that would help modernize Kazakhstan's economy. He also called tax reform a key priority, noting that increased tax collection and simpler tax laws would give a much-needed boost to business and international trade.
Other steps to be taken include the implementation of a flexible monetary policy to cushion the economy against inflation and the raising of the fuel sector's efficiency, Nazarbayev said.
"Every deposit should be viewed as a potential base for the development of private enterprise. Along with producing oil and natural gas, we must [work] to transform the country into an oil services cluster, using Norway as an example," he said.
