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SMALL AND MEDIUM BUSINESS NOT SHOWING ENOUGH ACTIVITY IN KAZAKHSTAN - NAZARBAYEV
Astana. June 22. Interfax-Kazakhstan - The small and medium business in Kazakhstan is not active enough, the country's President Nursultan Nazarbayev said.
"The share of small and medium business in the GDP grew last year from 17% to 21%. Why is it so small? On the one hand, production volumes in the extractive industries are growing and smaller business cannot keep up.
On the other hand, there is no activity on the part of the small and medium business. This is despite we go to great lengths to create all sorts of conditions for it," Nazarbayev said at a meeting devoted to entrepreneurship development in Astana on Friday.
According to Nazarbayev, last year the number of small and medium enterprises increased by 24% to 840,000. The enterprises employ 2.7 million people or 30% of the economically active population, the president said.
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