GEM National Report Kazakhstan 2015/2016 reveals entrepreneurial profile

2017-02-24 15:18:15

Global Entrepreneurship Monitor: National Report of Kazakhstan 2015/2016 suggests that almost half of Kazakhstan’s population have intentions to start business, while 76% of people think that entrepreneurship is a good career choice. The young people aged 25-34 are the most active and represent the largest proportion of potential entrepreneurs. 68,9% respondents in Kazakhstan regards entrepreneurship as new opportunity, and 52,1% believe they have necessary knowledge and skills to start business. However, at the same time 75.4% of Kazakhstan’s respondents report fear of failure. According to the survey, the most cited reason for closing business (36.5%) is it unprofitability. Experts recommend to further improve government policies to make them more favorable toward entrepreneurship. To read more about entrepreneurial activity in Kazakhstan, please follow the link.