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East Kazakhstan region is the leader in subsidized business projects in the country

At the session of the regional maslikhat, Akim of East Kazakhstan region Danial Akhmetov spoke about the effective use of state support mechanisms for small and medium-sized businesses.

This year, the number of operating commercial enterprises increased by 110%. Thus, 6.400 new jobs were created, and the volume of products increased by 126%.

The head of the region emphasized that East Kazakhstan ranks first in the country in terms of the number of subsidized business projects, and third in the number of guaranteed.

Since 2016, KZT17.4 billion has been allocated for the implementation of the Business Roadmap 2020 Project.

In addition, AkNiyet Soft Loan Program under 8.5% of annual interest for 7 years with funding KZT4 billion is being implemented jointly with the Damu Fund. To date, 65 projects have been funded for KZT3.3 billion.

There is also a Regional Project Office “Economy of Simple Things” that studied 101 applications for soft loans. However, only 8 projects were approved in total, including 2 have already been funded, 14 projects are under consideration.

In addition, Danial Akhmetov emphasized that there is a problem of unfulfilled obligations of businessmen to the state.

- All requires support from the authorities, but do not pay taxes. This problem must be resolved as soon as possible. We need business returns. For the second half of the year, we must introduce 4 projects of the Entrepreneurship Support Card, take special control over the provision of concessional lending and the implementation of the Economy of Simple Things Project, and by August, 1 open the Investment Center, which will provide conditions for each investor to provide targeted support for investment projects, - concluded Danial Akhmetov.