Since its independence in 1991, the Republic of Kazakhstan has had a number of remarkable economic reforms. It is widely credited with having the most open and dynamic market economy of all the CIS nations. Every year it moves higher in key global rankings. In 2006 President Nursultan Nazarbayev set the ambitious goal of making Kazakhstan one of the 50 most competitive countries in the world in 10 years. That goal was achieved 2 years early, in 2014. The President then set the new goal of making Kazakhstan one of the 30 most developed countries in the world by 2050. Many independent observers expect that the country will also reach this goal early. For these and other reasons, Kazakhstan is considered a safe and attractive destination for foreign direct investment from all parts of the world.
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