Kazakhstan to spend 200B tenge on SMEs in 2015-2016

    Kazakhstan has earmarked 200 billion tenge for the development of small and medium-sized business in 2015-2016, member of the Majilis, Aigul Solovyeva announced Tuesday.
    "I would like to focus on the development of small and medium-sized enterprises as they make the lion's share of anti-crisis measures initiated by President Nursultan Nazarbayev. The head of state has suggested continuing the program on support and development of SME, positively estimated the Business Roadmap Program and tasked to support SME development in the country. This is the key instrument of the anti-crisis program," Ms Solovyeva told a press briefing at the Central Communications Service.
    She reminded that the Government of Kazakhstan had allotted 200 billion tenge for business development in 2015-2016 as part of anti-crisis measures.
    "200 billion tenge have been divided equally between 2015 and 2016. The government will also channel 500 billion tenge into the development of the domestic agriculture industry,” she added, according to Kazinform.