IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 26 Apr 2015 | Removal date: 25 Jul 2018
Still in force

State loan

On 23 April 2015 the government of the Republic of Kazakhstan approved with Resolution No. 271 the terms of the financing of "RG Brands Kazakhstan" ("the company"). The state financing is allocated through 'Development Bank of Kazakhstan".
It is in the form of a credit line at the amount of 3 billion tenge (16.8 million USD as per the April 2015 exchange rate) for a period of 39 months. The transaction is financed in order to support Kazakh exports as part of the the New Economic Policy "Nurly Zhol". 
Specifically, the funds allocated through "Development Bank of Kazakhstan" are to cover the working capital needs of the company, related to its production cycle, including the purchase of raw materials, packaging, production and promotion of products in export markets.
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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

244 Soft drinks; bottled mineral waters
2201 Waters, including natural or artificial mineral waters and aerated waters, not containing added sugar or other sweetening matter nor flavoured; ice and snow.
220110 Mineral waters and aerated waters
220190 Other
2202 Waters, including mineral waters and aerated waters, containing added sugar or other sweetening matter or flavoured, and other nonalcoholic beverages, not including fruit or vegetable juices of heading 20.09.
220210 Waters, including mineral waters and aerated waters, containing added sugar or other sweetening matter or flavoured
220290 Other

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