Kazakhstan Strengthens Antimonopoly Investigations, Price Control In Monopolistic Markets
(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, January 8. Kazakhstan is
enhancing the effectiveness of antimonopoly investigations and
strengthening price control on monopolistic markets, Trend
reports.
This was stressed at a meeting held between the President of
Kazakhstan, Kassym-Jomart Tokayev, and the Chairman of the Agency
for Protection and Development of Competition of Kazakhstan, Marat
Omarov. During the meeting, President Tokayev was briefed on the
agency's fulfillment of its oversight functions, including the
results of antimonopoly measures taken in 2024.
Kassym-Jomart Tokayev was informed about the reduction in
concentration levels in key commodity markets and the progress of
privatization under the President's decree on measures to
liberalize the economy. The agency has completed 97 antimonopoly
investigations.
Marat Omarov outlined plans for the development of competition
in 2025. To strengthen price control on monopolistic markets and
improve the effectiveness of investigations and market analysis, a
package of corresponding legislative changes has been
developed.
Plans include the creation and development of a digital
ecosystem, which will include an information-analytical system, a
digital portal, and analytical tools based on artificial
intelligence technologies.
As president of the Kazakhstan Football Federation, Marat Omarov
also updated Tokayev on plans to enhance the potential of domestic
football and support youth sports.
Following the meeting, the President issued several instructions
aimed at further developing competition.
To note, the Agency for Protection and Development of
Competition of the Republic of Kazakhstan is a central executive
body, independent of the government, responsible for overseeing
natural monopolies and regulated markets.
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