Bektenov: New Constitution, Court Ruling Boost Kazakhstan's Investment Appeal

Kazakhstan is embarking on a new era of development, underscored by the recent adoption of a new Constitution and a clarified legal framework, Prime Minister Olzhas Bektenov announced. Speaking at a meeting focused on international business cooperation, digitalization, and artificial intelligence, Bektenov emphasized that the new basic law, approved by a nationwide referendum, forms the bedrock for extensive reforms aimed at creating a "Just and Progressive Kazakhstan."

“

Our meeting is taking place at a historic moment for our country. Under the leadership of President Kassym-Jomart Tokayev, Kazakhstan has entered a completely new stage of its development.

The nation is actively reshaping its political and legal systems. Elections for a new legislative body, the Kurultai, are planned, and a new supreme advisory body, the Qazaqstan Halyq Kenesi, has established its secretariat. A key development highlighted by Bektenov was the Constitutional Court's definitive interpretation of the single-term limit for senior officials, including the President and top judicial figures. The court ruled that this limit applies only to those appointed or elected after the new Constitution took effect on July 1.

“

The Constitutional Court, by its decision, gave a clear and unambiguous interpretation that the single-term rule applies only to persons appointed or elected to the relevant positions after the new Constitution came into force, that is, after July 1 of this year.

"Providing legal certainty removes a number of issues from the agenda for both domestic and external audiences," Bektenov stated. He believes this clarification offers a positive signal to investors, who prioritize political and legal stability. The Prime Minister also pointed to strong public backing for President Kassym-Jomart Tokayev's reforms, citing sociological surveys indicating over 87 percent of citizens are confident in Kazakhstan's development trajectory. This public support, he asserted, is crucial for the successful implementation of reforms, the modernization of the economy, and the enhancement of Kazakhstan's investment appeal.

“

Providing legal certainty removes a number of issues from the agenda for both domestic and external audiences. I believe this is also a positive signal for investors, for whom the stability and predictability of the political and legal system are important.