ANNOUNCED AS TEMPORARYNo
On 29 December 2015 the Government of the Republic of Kazakhstan approved Decree No. 1122. It authorises the allocation of an investment subsidy to the limited liability partnership "Kaz Kioti", a strategic tractor and agro machinery manufacturer.
The state support is allocated in the priority investment project for building of a tractor plant for the production of machinery under the trade mark "Daedong". The project's value is 40 million USD (page 2 of the provided 2nd source). The state support is to cover the reimbursement of up to 30 percent of the actual construction works and equipment acquisition costs without value added tax and excises.
Decree No. 1122 enters into force on 1 January 2016.
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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