Kazakhstan has low business closing index
The Total Entrepreneurial Activity level is 13.7 percent of the country’s total population in Kazakhstan, according to the Global Entrepreneurship Monitor-2014 (GEM), Trend reports with the reference to the Kazakh National Economy Ministry.
The business closing index was one of the lowest in Kazakhstan. Only 2.9 percent of entrepreneurs were forced to cease their business, the report says.
"A positive image of the entrepreneur was stressed in Kazakhstan,” the report said. “Nearly 70 percent of the population sees entrepreneurship as a good choice for building a career and achieving a high status in the society."
On the structure of the economy, Kazakhstan refers to the economy focused on efficiency, being in a group of such countries as Brazil, Argentina, Mexico, Malaysia, Turkey and others.
The results of the GEM first national report will be announced at a special session as part of the eighth Astana Economic Forum on May 21-22.
The research is conducted by a national team as part of the GEM project. It includes the scholars of the Graduate School of Business of the Nazarbayev University and "Economic Research Institute" at the National Economy Ministry.
GlobalEntrepreneurshipMonitor-2014 was presented in Monterrey (Mexico) on February 3.
Global Entrepreneurship Monitor is an annual assessment of entrepreneurial activity in the participating countries. This year Kazakhstan has taken part in this research for the first time.
Kazakhstan is the sole representative of the Central Asian region.
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