Kazakhstan enhances support for small and medium-sized enterprises

Kazakhstan is enhancing support for small and medium-sized enterprises (SMEs). The government has adopted a Comprehensive Program that aims to provide support for effective projects. Thus, state subsidies are now available for companies in the manufacturing sector, covering up to half of all projects. Additionally, the amounts of loan guarantees have been increased, and syndicated loans from multiple banks have been introduced for large production facilities. New support mechanisms are also planned for the near future. For example, reduced-interest loans with longer terms will be available for manufacturers of high-tech finished products. In total, over the past six months, state support measures in the form of subsidies and guarantees have covered approximately 14,000 business projects, amounting to more than 700 billion tenge.

Web-editor: Aizhan new