Kazakhstan launches a new program to support small businesses
This year the initiative will be focused on three major areas, notably agribusiness, machinery building and production of construction materials, and is to be further extended to other industries.
China to help Kazakhstan develop infrastructure: Li Keqiang
During his official visit to Astana, the Premier of the State Council of China Li Keqiang suggested to help Kazakhstan with development of its infrastructure.
ADB provides a loan of $122 million to support S&MBs in Kazakhstan
The loan is part of the second tranche of the $500 million program to support S&MBs approved by the ADB in 2012.
Share of SMEs in Kazakhstan's GDP stagnant for 7 years
The share of small and medium-sized enterprises (SMEs) in Kazakhstan’s GPD has not exceeded the threshold of 20% over the past seven years.
If you can’t buy a loaf of bread, take it for free
A Taldykorgan bakery gives away bread for free to those who cannot pay for it.
President Nazarbayev suggests decreasing headcount of public bodies inspecting small businesses
According to him, there is a moratorium on inspecting small businesses and the officers have no job to do.
Focus on small and medium-sized business: Nazarbayev
President Nursultan Nazarbayev has spoken about the strategic importance of small and medium-sized business in Kazakhstan at the Foreign Investors Council (FIC) meeting.
Kazakhstan National Fund allocates $5.4 billion to support economy
After the devaluation of tenge by 19% earlier this week, the National Fund of Kazakhstan decided to allocate $5.4 billion to support local business.
Kazakhstan’s National Oil Fund assets might be used to finance S&MBs
With the assets of the National Oil Fund used to finance S&MBs, the APR could stand at 6-7%.
Kazakhstan will ban checks of small business by end of 2012
Kazakhstan will adopt a law forbidding audits and inspections of small business by the end of 2012.
Atameken major business lobbying group suggests National Oil Fund assets be used to finance SMBs
In his latest State of the Nation Address [January 27], President Nazarbayev suggested the National Oil Fund money be used in the form of loans to the national economy rather than kept with foreign banks.
Kazakhstan’s 2010 GDP exceeded combined GDP of 4 Central Asia states twofold
In 2010 the national GDP figure exceeded $148 billion.
President Nazarbayev urges to exempt newly established small and middle-sized businesses from checks and audits
Tengrinews.kz reported earlier that in the H1 2011 the number of S&MBs; grew by 8%, exceeding 600 000.
Small and middle-sized businesses grew 8% in H1 2011: PM Massimov
According to the PM, 2.5 million are employed in the sector, over 1/3 of the economically active population.
Kazakhstan businessmen suggesting to create SMB-controlling state authority
Kazakhstan businessmen are suggesting to create a state authority that would regulate activities of small and middle-sized businesses.
Share of franchisees in small and middle-sized businesses standing at 3.5%
The share of franchisees in developed countries stands at about 50% in the small and middle-sized business sector.