Kazakhstan is among the top three attractive markets in the CIS: John Ferraro, COO of Ernst & Young

According to John Ferraro, COO of Ernst & Young, one of the Big Four auditors, Kazakhstan is among the top three attractive markets in the CIS (post-soviet territory), Tengrinews.kz reports, citing Kazakhstan’s Prime Minister Karim Massimov’s Twitter account. John Ferraro pointed to the favorable location of Kazakhstan. According to him, it is “just ideal”. His exclusive interview could be viewed here. May 17 PM Massimov met John Ferraro, COO of Ernst & Young. Late April Ernst & Young, one of the Big Four auditors, published a survey of investors’ opinions on Kazakhstan. According to Ernst & Young, 81% of the investors believe their investments to Kazakhstan were a right decision. 76% of them consider the investments to be successful. The number of investors believing that the investment climate in Kazakhstan has enhanced for the past 3 years is twice higher than the number of investors that find the investment climate deteriorating. Among the barriers to business, the respondents named lack of infrastructure (19%), complicated administrative procedures (16%), political factors (8%) and corruption (7%). Full Ernst & Young’s report (in Russian) can be found at Ernst & Young website.