Positive trends in the entrepreneurship development are seen in Kazakhstan
Positive trends in the entrepreneurship development are seen in Kazakhstan. The results of the national report on entrepreneurship development for 2015-2016 have been presented in Astana. The study was conducted by the Nazarbayev University’s Graduate School of Business jointly with the Institute of Economic Research. The survey showed that people’s attitude towards business has changed remarkably in Kazakhstan. Almost 69% of respondents consider entrepreneurship as the source of new opportunities. More than 52% of Kazakh citizens consider they have sufficient skills to start own business. Among the potential entrepreneurs there are mostly young people, and the most active ones are aged 25-34 years. The largest share of beginner entrepreneurs in Kazakhstan is involved in the wholesale and retail sectors with a share of 46%.
DINARA AKYNBEKOVA, DEPUTY DIRECTOR, INSTITUTE OF ECONOMIC RESEARCHES:
At the end of 2015, the level of Kazakhstan’s entrepreneurial activity ranked 29th out of 60. This is a rather high indicator. About 11% of the working population in Kazakhstan in the near future intends to run their own businesses. And in countries such as Britain, Spain, the Netherlands, Malaysia, this figure does not exceed 7%. Sometimes it is only 4%.
According to experts, Kazakhstan provides every effort to support entrepreneurs. The procedures required to start a new business have been simplified in the country, the tax burden has been reduced, and in addition, the state provides financial and non-financial support to small and medium-sized businesses.
ASSEL UVALIEVA, EXECUTIVE DIRECTOR, GRADUATE SCHOOL OF BUSINESS, NAZARBAYEV UNIVERSITY:
The World Bank positions Kazakhstan in the top 10 according to those reforms, which are aimed at the entrepreneurship development. Kazakhstan ranks the second on this list. I think it is a high indicator. We have to strive for better results.
As a result of monitoring, the experts gave a number of recommendations. In particular, according to analysts, it is necessary to facilitate the transfer of advanced technologies from universities to small and medium businesses, as well as to expand the sources of funding for SMEs.