ANNOUNCEMENT 22 Dec 2015

In December 2015, the government of Kazakhstan announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 22 Dec 2015 | Removal date: open ended
Still in force

State loan

According to a press release of the official website of the Prime Minister of Republic of Kazakhstan dated 22 December 2015, 7.2 billion tenge (ca. 20.88 million USD) were allocated to small-and-medium-sized businesses (SME) in Zhambyl region. They were allocated under the state 'Business Roadmap-2020' programme.

More than 80% of the companies operating in this region's light industry are SME. Their main products are wool, leather and footwear products. The other main sector in which SMEs from the region operate is the food industry. Sugar, flour, onions, vegetables, salt, dairy products, confectionery, beverages, juices, butter and vegetable oils are the main products they manufacture.

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.