PARLIAMENT ADOPTED LAW ON ISSUES DEVELOPMENT OF COMPETITION

On December 29, 2021, deputies of the Mazhilis of the Parliament considered amendments to the draft law on the development of competition, introduced by the Senate of the Parliament.

Following the consideration, the Mazhilis supported the Senate amendment to exclude the requirement to obtain the consent of the National Chamber of Entrepreneurs when creating subjects of the quasi-public sector and expanding their activities.

Thus, the Law "On Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan on the Development of Competition" is considered adopted and will soon be submitted for signature to the Head of State.

The law is aimed at creating a level playing field for market players, expanding access to key capacity and removing barriers to fair competition.