AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
The Programme 'National Champions' was developed as part of the framework of an initiative of the President of the Republic of Kazakhstan, Mr. Nazarbayev. It was outlined at a meeting of the Government of the Republic of Kazakhstan of 5 May 2015.
Participants of the Program will be provided with financial support, in particular, bank lending, financing of leasing transactions, subsidised interest rates, export insurance, grants for innovations, and elimination of administrative burdens.
On 18 May 2015, the list of 32 (until the moment) beneficiaries companies was approved by the Management Committee of the programme. They belong to the agricultural, machinery construction and construction materials industries.
The National Fund of Kazakhstan will provide a total of 140 billion tenge (ca. 462 million USD).
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
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