ASTANA, Kazakhstan, April 19. The Ministry of Finance of the Republic of Kazakhstan has cooked up a draft law to tweak the existing regulations on appraisal activities. The goal is to pave the way for a unified market for property appraisal services within the EAEU, which is set to hit the ground running by the end of 2025, Trend reports.
The draft amendments will soon be submitted for review to the Parliament of the Republic of Kazakhstan. The proposed changes were discussed at a roundtable with the participation of deputies, representatives from the Ministry of Finance of Kazakhstan, appraisal chambers, the Association of Financial Experts of Kazakhstan, and the National Chamber of Entrepreneurs "Atameken" at the Senate of the RK Parliament.
“During the meeting, the norms for establishing a unified market for property appraisal services within the Eurasian Economic Council framework were discussed, as well as other amendments to detail and optimize regulations, ensuring alignment with law enforcement practices aimed at improving the legislation,” said the ministry's press service.
Experts are convinced that putting all our eggs in one basket by creating a unified market for appraisal services within the EAEU will do wonders for the investment attractiveness of assets in the member states of the union.
The Eurasian Economic Union (EAEU) constitutes a geopolitical consortium of member states within the Eurasian expanse, strategically designed to facilitate the liberalization of trade dynamics and the seamless transference of commodities, services, financial assets, and human resources across its borders. It bears resemblance to the European Union, yet it specifically targets the geopolitical landscape of Eastern Europe and Central Asia.
