Total amount of state support to small and medium business to exceed 274 billion KZT
Astana. December 10. Kazakhstan Today - The Prime Minister of Kazakhstan, Karim Masimov, said today at the conference Ways of improvement of the rating of Kazakhstan in World Bank Doing Business rating that in 2008-2009 total amount of the state support to small and medium business will exceed 274 billion KZT, the agency reports. "In conditions of negative influence of the world crisis and toughening of conditions of bank crediting, the state provides large financial assistance to small and medium business. He emphasized that, "Improvement of the investment climate of the business environment, creation of the qualitatively new format of mutually advantageous and partner relations between the state and the private sector are the main components of the work of the government." K. Masimov reminded that, "The project of the new Tax Code has been developed this year, which significantly reduces tax load on non-raw sector and considerably simplifies procedures of tax administration."
Resourse: Kazakhstan Today