Kazakhstan's Dynamic Economy: A Business and Investment Review (Business & Investment Review)

Annotation The Republic of Kazakhstan continued to assert itself as a dynamic transitional economy and attractive emerging market during 2005. With economic growth of 9.4% in 2004, the country's economic expansion continued as a result of increased oil and gas production spurred by rising global demands for energy. While Kazakhstan is attractive to international energy companies, the energy sector is not the only source of investor interest, with over $1.5 billion of investment projects currently underway. President Nazarbayev's re-election in December 2005, while not indicative of a fully-fledged democracy, continues to create a strong semblance of political stability in Kazakhstan, which is vital for attracting investment and facilitating growth Book Cover......Page 1 Title......Page 2 Copyright......Page 3 Contents......Page 4 About the Authors......Page 6 Preface......Page 8 Guest author’s introduction: Kazakhstan’s political economy......Page 10 Kazakhstan’s foreign investment climate......Page 16 Key trends in Kazakhstan’s energy sector......Page 26 Energy sector legal analysis – the limits of stabilization rights under subsoil use contracts and the effect of destabilizing clauses with respect to mandatory payments......Page 32 Recent legal developments in Kazakhstan’s business legislation – an overview of changes in the legal framework since 2003......Page 38 Changes in aspects of Kazakhstan legislation affecting international transaction financing......Page 50 Amendments to the Law On Labour in the Republic of Kazakhstan......Page 54 Also from GMB Publishing......Page 56