SME and Entrepreneurship Policy in Kazakhstan 2018
The government of Kazakhstan has set an objective to substantially increase the contribution
of SMEs and entrepreneurs to employment and value added in the economy. Although there
are large numbers of SMEs and entrepreneurs in the country, achieving this growth
will require a step change in the productivity of existing SMEs and the emergence
of many more medium-sized and growth-oriented firms.
This report shows the important achievements of the government in creating a clear
vision and structures for SME and entrepreneurship policy, including major improvements
in business regulations and through the introduction of the Business Road Map 2020
programme offering direct supports to SMEs and entrepreneurs in areas such as financing
and infrastructure. It also highlights the current challenge of doing more to strengthen
management capabilities, skills, and innovation in SMEs and new enterprises, and makes
a range of specific recommendations for policy actions including further building
the incubator and Entrepreneurship Support Centre infrastructure, introducing dedicated
support for high-growth potential enterprises, and stimulating supply chain linkages
around foreign director investors.