Iran has the fourth largest oil and second largest natural gas reserves. However, despite the rich hydrocarbon resources, lately, the country has shown a great interest in developing the renewable energy sector.
Businesses are regarded as one of the main parts of an economy that provide not only goods and services but also jobs for the population. Therefore, all countries try to simplify the process of starting new business and the process of running business.
In October the National Agency on Exports and Investments “KAZNEX INVEST” together with the Chamber of Commerce of the Republic of Tajikistan organized a business forum in Dushanbe with participation of 75 companies of Tajikistan and Kazakhstan.
China leans towards the idea of establishing a free trade zone with the Eurasian Economic Union (EEU). The first round of negotiations on this issue was scheduled to be held in mid-October of 2016 in Moscow. However, later it was postponed due to unreadiness of the two sides.
Kazakhstan is resource rich country, and its economy highly depends on the oil export. Oil prices that have been low since the middle of 2014 had a significant effect on the country’s balance of payments and exchange rate.