More SMEs means more jobs, says President Nazarbayev
15:29, 11 October 2013
ASTANA. October 11. KAZINFORM President of Kazakhstan Nursultan Nazarbayev has explained today why the state creates the opportunities for the development of small and medium business.
"The goal behind the development of small and medium business is to create more jobs. The mineral resources create 4-7% of workplaces, whereas innovative technologies in the U.S. account for 1% of jobs. As for the SMEs, they create 50-90% of workplaces," the Head of State stressed.
"The state creates favorable environment for the development of small and medium enterprises in Kazakhstan. But local controlling authorities quash the SMEs, hinder their development," President added, addressing the controlling authorities.