Entrepreneurial activity growing in Astana

Astana has become a leader in economic development indicators. The Kazakh capital has experienced a boost in entrepreneurial activity, with the number of small and medium-sized enterprises (SMEs) growing by 6.5 percent over the past six months. More than 234,000 people are employed in the sector. SMEs are active across nearly all areas of the economy. Positive dynamics are primarily observed in trade, with over 80,000 entities operating in the sector. The industry and logistics sectors also show good results. The share of small and medium-sized businesses in the capital’s tax revenues to the local budget accounts for half. Besides, the sector ranks high in terms of creating new jobs.

«In the first quarter of 2024, SMEs produced goods and provided services worth 3.3 trillion tenge. For the previous year, this amount reached 14.7 trillion tenge, which are very good results. I would also like to note that annual tax payments to the budget by SMEs are increasing. In the first half of this year, the figure amounted to 1.235 trillion tenge,» said Kuanysh Kadyr, Head of the Investment and Entrepreneurship Development Department at the Astana Mayor’s Office.