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Kazkommerts Securities

KAZAKHSTAN SECTOR RESEARCH

Kazakhstan Political System Review

Conclusion

May 1998

Table of Contents

Latest Kazakhstan Weekly News

 

Political system reforms

We have seen improvements in the government’s structure, including greater balance between the different branches of power and the development of the civil service. Recent laws, such as that concerning the principles of civil service, create a legal framework for further reforms within the executive branch of power.

Investment objectives of the current publication

Throughout this report, we have tried to highlight the major components of the modern political system in Kazakhstan which might influence the investment process. We have intentionally left unattended such issues as a review of the legal framework and the organisation of all the ministries. Rather, we tried to focus your attention on some background information concerning the political aspects of investing in Kazakhstan as well as on practical things such as the structure of key ministries. We shall cover the functions and policies of the National Bank and the National Securities Commission in a special report on Financial Markets in Kazakhstan.

Other publications

For those interested in more detailed information on Kazakhstan, we would like to refer you to a series of publications put out by the Research Department of Kazkommerts Securities. The publications include a General Economic Guide, a Survey of Financial Markets, an overview of the Oil and Gas Industry, a guide to the Textile Sector, as well as research on selected companies. We also offer customer-tailored analyses of companies and/or industries.


© Kazkommerts Securities 1998. Please cite source when quoting.

This report has been prepared by Kazkommerts Securities and provided solely for information purposes to recipients only. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. This information does not constitute an offer to buy or sell securities. Kazkommerts Securities or its affiliated persons may be buying, selling or holding long or short positions, acting as investment bankers, be represented on the Board of the issuers in securities mentioned herein. This report is not intended for the use of private investors. Investment in Kazakhstan markets is an extremely risky activity and many persons, physical and legal, may be completely or partially restricted from dealing in the Kazakhstan securities markets.


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