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site.news_by_theme Small and middle-sized business

Photo courtesy of rightmarketing.com
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.

Kazakhstan launches a new program to support small businesses
Li Keqiang met with President Nazarbayev in Astana. Photo © akorda.kz
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.

China to help Kazakhstan develop infrastructure: Li Keqiang
ADB. ©Reuters
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.

ADB provides a loan of $122 million to support S&MBs in Kazakhstan
©Turar Kazangapov
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.

Share of SMEs in Kazakhstan's GDP stagnant for 7 years
Photo © Tengrinews.kz
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.

If you can’t buy a loaf of bread, take it for free
© RIA Novosti
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.

President Nazarbayev suggests decreasing headcount of public bodies inspecting small businesses
Focus on small and medium-sized business: Nazarbayev
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.

Focus on small and medium-sized business: Nazarbayev
Illustration a courtesy of Tengrinews
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 National Fund allocates $5.4 billion to support economy
Photo courtesy of newskaz.ru
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’s National Oil Fund assets might be used to finance S&MBs
Photo courtesy of nnm.ru
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.

Kazakhstan will ban checks of small business by end of 2012
©REUTERS/Bobby Yip
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.

Atameken major business lobbying group suggests National Oil Fund assets be used to finance SMBs
Kazakhstan’s Prime Minister Karim Massimov. Photo courtesy of government.kz
Kazakhstan’s 2010 GDP exceeded combined GDP of 4 Central Asia states twofold

In 2010 the national GDP figure exceeded $148 billion.

Kazakhstan’s 2010 GDP exceeded combined GDP of 4 Central Asia states twofold
Kazakhstan President Nursultan Nazarbayev. ©REUTERS
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.

President Nazarbayev urges to exempt newly established small and middle-sized businesses from checks and audits
Karim Massimov. Photo cortesy of government.kz
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.

Small and middle-sized businesses grew 8% in H1 2011: PM Massimov
Timur Nazhanov – Vice-President of Kazakhstan Independent Businessmen Association. ©Yaroslav Radlovskiy
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.

Kazakhstan businessmen suggesting to create SMB-controlling state authority
Share of franchisees in small and middle-sized businesses standing at 3.5%
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.

Share of franchisees in small and middle-sized businesses standing at 3.5%

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