The share of small and medium businesses in the country’s GDP in January-June 2019 was 28.5%, the Ministry of National Economy informs.
Our objective is to raise this indicator to 30% by 2025 and to 50% by 2050," Vice Minister Zhassulan Madiyev said at a press conference in the Government.
He reminded that Kazakhstan had climbed 3 positions up in Doing Business rating and had been ranked among the world's Top-25 countries for doing business.
This clearly proves the effectiveness of the governmental measures aimed at creation of favorable conditions for the development of business," the Vice Minister noted.
The speaker also pointed out the increasing volume of the products manufactured by SMEs.
In January-June 2019, the volume of products manufactured by the SMEs amounted to 12.7trn tenge and increased by 10.8% compared to the same period in 2018," Zhassulan Madiyev said.
Source: Kazinform News Agency
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
When citing our content a hyperlink to this Kazakhstan Today website is obligatory.