ANNOUNCEMENT 04 Dec 2015In December 2015, the government of Kazakhstan announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
.. 4 2015 1163. 1 2016 12967
On 4 December 2015 the Ministry for Investments and Development of the Republic of Kazakhstan approved Order No. 1163.
It introduces 16 priority directions for allocation of innovation grants in line with article 100 of the 2016 Entrepreneurship Law of Kazakhstan (a specific measure the Kazakh government introduced byLaw No. 135 of 25 March 2006, see the provided related GTA report No. 10947 for more details) as follows:
* The use of the term "progressive" connotes innovation.
Since Order No. 1163 does not allocate concrete state financing, the GTA has classified this measure as amber, not implemented.
Order No. 1163 was officially published on 8 February 2016. It enters into force 10 calendar days after its official publication and affects legal relationships that have emerged after 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.