Over 30 thousand businessmen participate in Business Road Map - 2020
Almaty. September 10. Kazakhstan Today - Over 30 thousand businessmen currently participate in the Business Road Map - 2020 Program. Due to state support, 132 thousand jobs were preserved and 19 thousand new jobs were created, Kazakhstan Today reports.
According to the Prime Minister's official website, the Business Road Map - 2020 Program became a very efficient instrument of support of the regional entrepreneurs. This Program is an important instrument of implementation of the country's policy on entrepreneurship development and its innovative component.
Presently, 1904 applications with the total cost of 555.4 billion tenge were approved under three directions of the Program. Regional coordination councils approved 71 of them for provision of guarantees for credits with the cost of credits totaling 13.597 billion tenge. Totally, guarantee agreements worth 11.688 billion tenge were signed on 50 projects.
Construction and reconstruction of production infrastructure of 310 enterprises amounting to 52 billion tenge are also conducted within the Program. It is worth noting that necessary infrastructure is built individually for some of the projects and within establishment of industrial zones.
Such components as two-day courses on business fundamentals, service support, training of top-managers of small and medium business on the basis of Nazarbayev University, "Business Contacts" project are implemented within the fourth direction of the Program aimed at strengthening of the entrepreneurship potential.
In 2011, over 15 thousand people underwent two-day courses on business fundamentals. Over 1200 emergent entrepreneurs undergo courses this year. 10 thousand entrepreneurs received over 20 thousand services in 2011. This year, businessmen were already rendered more than 6 thousand services.
210 top managers and managers of small and medium business were trained within the project on training of SME top managers in 2011. Another 210 businessmen were trained this year.
Business training in Kazakhstan and foreign internships for businessmen were organized within "Business Contacts" project. This project is implemented jointly with Germany (GIZ) and the USA (USAID). 421 businessmen undertook internship in 2012. Contracts worth 1 092 900 120 tenge were signed with foreign companies within this project.
As earlier reported, the Business Road Map - 2020 Program is implemented on the instruction of the President since the second half of 2010. The main purpose of the Program is to ensure balanced and sustainable growth of regional business in non-primary economic sectors.
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The Head of State has identified deep processing of hydrocarbons as one of the key areas of development of the oil and gas sector. The priority for our economy is high conversion production producing products with a rapid increase in added value in the technological chain with an export orientation. The added value between the initial feedstock ethane and the third conversion product polyethylene increases 20 times, from $80-90 to $1600-1800 per tonne. The Polyethylene project will certainly give a serious impetus to the development of both the manufacturing industry and the country's economy as a whole. According to experts' calculations, the contribution to the country's GDP by 2030 from the implementation of the project is estimated at approximately 1.2%," Olzhas Bektenov said.
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National Bank of Kazakhstan maintains base rate at 14.75%
Annual inflation in February and March continued to decrease, albeit at a slower pace. Inflation expectations have slightly decreased but remain at a relatively high level. The external inflation background continues to be neutral with the ongoing trend of declining grain prices in global markets. Within the domestic economy, inflationary pressure persists due to robust internal demand and unanchored inflation expectations," reads the bank’s official statement.
In the current circumstances, there is still limited room for easing monetary policy. This space will begin to form with the stable reduction of the stable part of inflation," it said.
Monthly inflation slowed down in March to 0.7% after a spike in the previous month (1.1%), forming above the average historical values (0.6%). A similar dynamic is observed for the indicators of core and seasonally adjusted inflation - a significant reduction in March after a sharp acceleration in February," said the bank.
The external inflation background is neutral. The cost of food in global markets in March shows a slight increase, mainly due to rising prices for vegetable oils. Grain prices continue to decline against the background of the realization of the harvested crop in exporting countries and the uninterrupted operation of maritime trade routes," said the bank.
In the European Union, the trend towards slowing inflation continues against the backdrop of the European Central Bank's restrictive policy. Despite expectations of weaker economic growth indicators this year, the ECB remains committed to returning inflation to its target value and intends to maintain restrictive monetary and credit conditions for this purpose," said National Bank Governor Timur Suleimenov in an April 12 statement.
The Federal Reserve notes that inflation in the United States still remains high. In March, the annual inflation rate increased to 3.5%, accelerating for the second consecutive month. According to the Fed's rhetoric, the current monetary and credit conditions will continue going forward. In Russia - a key trading partner of Kazakhstan, inflation in March remained at 7.7%. According to the statement from the Russian regulator, achieving the inflation target involves a prolonged period of maintaining tight monetary and credit conditions," said Suleimenov.
Pro-inflationary risks are conditioned by the continuation of reforms in the area of regulated prices, the consequences of abnormal floods in Kazakhstan, and the uncertainty associated with the volumes of budget expenditures needed for their elimination," the bank said.
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