Kazakhstan loses over $40 billion due to SME slowdown
As of November 1, 2019, the number of operating SMEs amounted to 1.3 million. In total, enterprises produced products worth 26.5 trillion tenge. As a result, the share of SMEs in GDP reached 28.5%. By 2025, it is planned to bring the indicator to 30-35%, which will strengthen the influence of the private sector on the country’s economy. However, the state needs new mechanisms to stimulate entrepreneurship, as the dynamics of SME development in recent years has slowed significantly, an analysis made by Finreview.info information and analytical site.
29 November, 2019 11:08