ASTANA. February 3.KAZINFORM /Serik Sabekov/ The state will stimulate development of small and medium businesses, including by the budgetary resources.

Prime Minister Karim Massimov has announced it at the enlarged session of the Board of the Ministry of Labor and Social Protection today.

According to him, the state will guarantee loans, subsidize credit rates for small and medium businesses support.

"It will be a whole program, and we should hold goal-oriented work for reduction of administrative barriers, business expenditures and fighting corruption", the premier said.

As K.Massimov emphasized, there is a lot to do in this direction, and it is necessary to create all conditions so manufacturers could sell their goods easily in supermarkets and bazaar.

"I consider that this is a basis, it is a power of our progress forward - development of competitiveness, small and medium businesses", the Premier resumed.