Kazakh President Nursultan Bazarbayev announced tax incentives for foreign investment in projects other than oil-drilling. Incentives include a 10-year corporate tax exemption and ease of regulations concerning the use of foreign employees in the first year of the project. This news coincides with the Foreign Ministry's suspension of visa requirements for citizens of 10 countries, including the US, UK, several European countries, and several East Asian countries. The World Bank expects Kazakh GDP to increase 5.1% in 2014, 5.9% in 2015, and 6.0% in 2016.
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