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Kazakhstan mulling new labor regulation for investors

27 may 2011, 13:20
0
Gulshara Abdykalikova. Photo by Yaroslav Radlovsky©
Gulshara Abdykalikova. Photo by Yaroslav Radlovsky©
During discussion of investments into Kazakhstan Minister of Labor and Social Protection Gulshara Abdykalikova said that new labor regulation for investors will come in effect on July 1 in Kazakhstan, Tengrinews.kz reports from the Friendship House in Almaty.

“As per the new regulation, the first category personnel in investment companies has to have 90 percent of Kazakhstan citizens. Local content for the second category personnel should be 70 percent,” Gulshara Abdykalikova said.

A strict employment policy is being implemented for investors, the Minister said. She reminded that there will be a quota set on foreign labor. The quota the came into effect several years ago limited the number of foreigners in western companies operating in Kazakhstan to 1.25%, but “the new quota on foreigners will be set at 0.75 percent,” she said.

The information that the Minister provided is expected to relieve the community of their concerns over “Chinese expansion.”

Opposition and community representatives are planning to have a public rally on May 28 in Almaty. They are concerned about Kazakhstan taking loans from China and about the presence of Chinese companies and investors in Kazakhstan. The protesters view all this as an expansion of China's influence into Kazakhstan or even as a seizure.

A roundtable meeting of the Ministers, deputies and opposition representatives was organized to dissuade the community of the presence of any threats to the country's security.

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