05 September 2014 | 16:17

Share of SMEs in Kazakhstan's GDP stagnant for 7 years

viewings icon comments icon

ПОДЕЛИТЬСЯ

whatsapp button telegram button facebook button
©Turar Kazangapov ©Turar Kazangapov

The share of small and medium-sized enterprises (SMEs) in Kazakhstan’s GPD has not been growing lately, Tengrinews reports citing the press-service of Kazakhstan’s National Chamber of Entrepreneurs.

whatsapp button telegram button facebook button copyLink button
Иконка комментария блок соц сети

The share of small and medium-sized enterprises (SMEs) in Kazakhstan’s GPD has not been growing lately, Tengrinews reports citing the press-service of Kazakhstan’s National Chamber of Entrepreneurs.

"The share of small and medium-sized enterprises (SMEs) in Kazakhstan’s GPD has not grown past the 20% threshold over the past seven years," Deputy Chair of Kazakhstan’s National Chamber of Entrepreneurs Gulnar Kurbanbayeva said.

“We have repeatedly discussed this with the Government. Even in the last 4 years when active implementation of state-run programs like Business Road Map-2020, Program of Accelerated Industrial-Innovative Development, Productivity-2020 and many other similar projects has been taking place and huge amounts of funding has been allocated - our entrepreneurs have been studying abroad for free (at the state’s expence) and getting advice from leader marketing and management experts - the share of SMEs in the GDP still have not grown over the past 7 years. We are still at the same level of 18-20%,” she continued.

The Chairwoman called to review the distribution of state subsidies. "The money and resources that are allocated is not the key point here, it is the efficiency of their distribution that matters. It is not enough for our development institutions to just take the money and distribute it somehow. They should identify the businesses and the sectors where the money can go" and produce the most effect, she elaborated, adding the her chamber were monitoring all the existing state-run development projects and analysing their efficiency.

In his State-of-the-Nation Address President of Kazakhstan Nursultan Nazarbayev said that by 2050, the SMEs had to constitute at least 50% of Kazakhstan’s GDP against of the current 20%. For instance, in Germany, their share makes 57%, in the UK – 52%, in the USA – 52%.

As of January 1, 2014, there were over 870 thousand SMEs registered in Kazakhstan. They employed a total of more than 2.6 million people.

Writing by Assel Satubaldina, editing by Tatyana Kuzmina

Читайте также
Join Telegram Последние новости
The Moon is calling: New lunar mission
Wolf attacked man in Atyrau region
Euronews office opened in Astana
Earthquake recorded in Zhambyl region
Tokayev sent telegram to Qatar’s Emir
A New Year gift guide for her
Tokayev expressed condolences to Macron
Bitcoin exchange rate hit a new record
EU expanded sanctions against Belarus
Kazhydromet warned residents of Almaty
Лого TengriNews мобильная Лого TengriSport мобильная Лого TengriLife мобильная Лого TengriAuto мобильная Иконка меню мобильная
Иконка закрытия мобильного меню
Открыть TengriNews Открыть TengriLife Открыть TengriSport Открыть TengriTravel Открыть TengriGuide Открыть TengriEdu Открыть TengriAuto

Exchange Rates

 523.95  course up  543.16  course up  5.1  course up

 

Weather

 

Редакция Advertising
Социальные сети
Иконка Instagram footer Иконка Telegram footer Иконка Vkontakte footer Иконка Facebook footer Иконка Twitter footer Иконка Youtube footer Иконка TikTok footer Иконка WhatsApp footer