Within the structure of the second tranche of the National Fund, the Development Bank of Kazakhstan (DBK) designated 50 billion tenge (US$ 269.3 million) to the second-tier banks for processing enterprises financing, the bank recently specified. According to the DBK, long-term loan resources have been dispersed among twelve second-tier banks that have loan contracts with the DBK. As a result, soft financing will be appliedput on the chemical and metallurgic industries and food production, drinks, clothing, furniture, oil products and main pharmaceutical items enterprises. In accordance with approved conditions, no greater than HALF of the second tranche ought to finance new jobs and 25 percent will be sent to refinance previous loans. The nominal rate of return will not go beyond 6 percent per annum and the loaning term for new tasks will certainly reach One Decade. The loan will be provided in national currency and the soft period of major debt will be no more than 24 months. According to interbank lending, the regards to utilizing loan resources issued for financial investment purposes is 12 month and refinancing of previous loans of the second-tier banks is six months. In December 2014, the DBK received the very first tranche of national funds worth 50 billion tenge (US$ 269.3 million) from Baiterek National Holding for long-term lending projects in the processing market. Due to the first tranche, 9 commercial jobs worth 20.3 billion tenge (US$ 109.3 million) were authorized since March 26. Financing of 8 projects worth 4.4 billion tenge (US$ 23.7 million) has actually already been introduced.
In March, the reduction in costs for specific food items, along with the reprocessing industry and oil items, was observed, said the Kazakh Committee of Statistics. Beech wheat costs fell 5.6 percent, rye flower -4.9 percent, meat – 2.5 percent, vegetable oil -2 percent, milk items and sugar – 0.7 percent and fish – 0.6 percent. According to the committee, there was a 0.5 percent decline in the processing market. In addition, the rates for oil reduced by 1.6 percent, fuel by 0.5 percent.
Four thousand jobs will certainly be developed within the government programmes in Astana, Kazakh Deputy Prime Minister Berdibek Saparbayev said at the March 31 conference, Astana’s Brand name: Local Well-being. “According to our projection, due to the implementation of the government programmes, over 400,000 jobs including 4,000 jobs in Astana will certainly be developed,” he said. He also noted that there is a scarcity of medical workers in the field. More than 4,000 medical professionals graduate yearly from seven medical organizations. According to Saparbayev, in order to eliminate the resulting scarcity of workers, a long-lasting planning system is needed. In addition, the deputy head of state instructed to establish accounting policies and work and accommodation for visitors to the capital in conjunction with the Kazakh Ministry of Internal Affairs and Ministry of Health and Social Development.
Development in the Kazakh trade sector has reached 13-15 percent annually, Mazhilis (lower chamber of the Kazakh Parliament) member Yelena Tarasenko stated at a March 30 Central Communication Solutions (CCS) instruction. “The trade sector is considerable in the economy of the country; its volume reached 5.3 trillion tenge (US$ 28.5 billion). Throughout the last five years, trade enhanced by 13-15 percent every year,” said Tarasenko. According to the parliament member, the volume of retail sales increased by 40 times for the period of 1995-2014. Retail sales in Kazakhstan are characterised by the high relevance of markets and low share of modern-day trade formats, she said. Tarasenko likewise discussed that trade objects were provided forclassification depending on the location in developing the draft law “on changes and additions in particular legislative acts of Kazakhstan on trade activities to resolve the concerns of trade recording.