Posted on Jan 6, 2023
McDonald's Plans to Exit Kazakhstan due to Supply Chain Disruptions Caused by Russia-Ukraine War
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"According to a recent report by Bloomberg, although Kazakhstan does not fall under restrictive measures against Moscow, the fast-food giant banned its local franchisees from procuring cutlets from Russian suppliers, leaving the nation without a substitute for meat supplies."
McDonald's Plans to Exit Kazakhstan due to Supply Chain Disruptions Caused by Russia-Ukraine War
Posted from caspiannews.com
Supply Chain Management
Kazakhstan
Posted >1 y ago
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LTC Eugene Chu
..."Doing business in Kazakhstan has become easier, according to the World Bank’s 2020 Doing Business Index, which ranked the country 25th, ahead of countries like Russia (#28) and China (#31), and some of the world’s developed economies, such as Italy (#58) and Brazil (#124).
Kazakhstan has focused its efforts on recovery and growth after the pandemic, aiming to significantly increase the volume of foreign direct investments. One of Kazakhstan’s bold initiatives to attract investors and improve the investment climate is the introduction of a new instrument, called the strategic investment agreement, which gives the opportunity to directly sign investment contracts with the Kazakh government.
For foreign partners, Kazakhstan remains one of Central Asia's biggest investment partners. In 2021, Kazakhstan’s economy absorbed about $24 billion of foreign investments, which is 38 percent more than a year earlier. Over 60 percent of foreign investment is already in the non-resource sector of the economy."
..."Doing business in Kazakhstan has become easier, according to the World Bank’s 2020 Doing Business Index, which ranked the country 25th, ahead of countries like Russia (#28) and China (#31), and some of the world’s developed economies, such as Italy (#58) and Brazil (#124).
Kazakhstan has focused its efforts on recovery and growth after the pandemic, aiming to significantly increase the volume of foreign direct investments. One of Kazakhstan’s bold initiatives to attract investors and improve the investment climate is the introduction of a new instrument, called the strategic investment agreement, which gives the opportunity to directly sign investment contracts with the Kazakh government.
For foreign partners, Kazakhstan remains one of Central Asia's biggest investment partners. In 2021, Kazakhstan’s economy absorbed about $24 billion of foreign investments, which is 38 percent more than a year earlier. Over 60 percent of foreign investment is already in the non-resource sector of the economy."
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