Development of free economic areas in Atyrau and Taraz vital to Kazakhstan, view

ASTANA. KAZINFORM "Development of free economic areas in Atyrau, Pavlodar and Taraz is vital to Kazakhstan," CEO at Chemieanlagenbau Chemnitz GmbH Joachim Engelman said.

"The President's Address is based on reasonable estimates of the international situation. And the President's approach for further development of Kazakhstan is far-sighted," he added. "Development of free economic areas in Atyrau, Pavlodar and Taraz is essential for Kazakhstan. There are no investors for small companies. Therefore it is crucial to grant SMEs credits on easy terms. Medium-sized business that is an essential backbone in Germany has not been yet developed in Kazakhstan. The problem is specified. It is time to solve it. Development of medium business will also serve a guarantee for the country's economy even in the times of crisis," he added.