"The positive investor image of the country, which the leadership of the republic and the investor community has been building for so many years, turned out to be spoiled in a matter of days, and it will take a lot of time and colossal efforts to restore it, and the effect of this will not be obvious," TASS quotes Shostak.
Shares of the Kazakh company Kaspi fell by about 30% amid the unrest, the company Halyk Bank - by 20%, he said.
According to Shostak, videos of mass protests in the cities of Kazakhstan will become for foreign investors "a clear confirmation of how fragile Kazakh economic well-being turned out to be and how, in just one night, the country's entire image can be radically revised."
Earlier it became known that the damage to the business of Kazakhstan due to the riots amounted to about $ 180 million.