ANNOUNCEMENT 04 Dec 2015

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

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising

SOURCE




.. 4 2015 1163. 1 2016 12967
http://adilet.zan.kz/rus/origins/V1500012967
29 2015


Inception date: No inception date

State loan

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:
 

  1. Progressive* technology for searching, production, transportation and processing of mineral and hydrocarbon raw materials.
  2. Progressive technologies in the mountain-metallurgical complex.
  3. Progressive technologies in agriculture, the food industry and agricultural chemistry.
  4. Progressive technologies in the pharmaceutical industry, the medical industry, biotechnology, bioengineering, andgenetic engineering.
  5. Progressive technology chemicals and petrochemicals.
  6. Progressive engineering technology, including the use of new materials.
  7. Alternative energy, renewable energy sources.
  8. Technologies of energy efficiency.
  9. Information and communication technologies.
  10. Progressive technologies in the light industry.
  11. Advanced technologies in woodworking and furniture industry.
  12. Progressive technologies in construction, including the use of new materials.
  13. Progressive technology in the packaging industry.
  14. Robotics.
  15. Nano and space technology.
  16. Energy sector.

 * 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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A