New employment and labor policy – Kazakhstan – Society of Universal Labor

Kostanay rgn: Over 1 bln tenge allocated for Business Roadmap 2020 program in 2015

Implementation of the “Business Roadmap 2020” Program considered in the Governor’s Office of Kostanay region.
Kostanay26 January , 19:04

As the regional administration reports, 7 898.8 million tenge was allocated for the realization of the Program. The targeted transfers for private business support were 4 139.4 million tenge, 3 759.3 million tenge budgeted for the industrial  infrastructure development.

Regional Coordinating Council for forced industrial development of Kostanay region approved 399 projects in terms of subsidies and guarantee in the amount of loans 63 300. 3 million tenge.

Within the first direction "Support of new business initiatives" and the third "Reduction of currency risks of entrepreneurs" subsidies totaling  1.6 billion tenge paid in 2014.

In 2014, the national budget has allocated 2 billion 738.8 million tenge for the implementation of program activities. 152 projects approved in 2014. The  loan portfolio amounted to  8 801.0 million tenge.

Since 2010 the investments amounted to  3 755.6 million tenge including four projects worth 878.5 million tenge in 2014.

In 2014, 12 projects worth 18.0 million tenge were approved for the creation of new industries over the period of the Program in terms of grant funding. As a result more than 10 thousand  of existing jobs have been saved and about 2 million new jobs created.

Besides, within the the fourth direction of the program  about  2.5 thousand  businessmen  covered  by the non-financial  support.

In 2015, 1 557. 1 million tenge  allocated from the  republican budget  for the Program’s realization.