Kazakhstani Government will adopt investment subsidizing rules for business until May 1

Date: 09:24, 22-04-2014.

Astana. April 22. KazTAG - Kazakhstani Government will adopt the rules of investments subsidizing for businessmen until May 1 2014, said Asylzhan Mamytbekov, Minister of Agriculture.

"As for investment subsidizing the Government plans to adopt the subsidizing rules until May 1," he said.

"It is a new mechanism which has not been applied before. It will compensate expenses of businessmen they had while developing investment projects, a part of investments attracted from loans and own resources will be paid off from the budget," he said.

In his words, it will reduce cost price, increase competitiveness of products, reduce repayment terms and increase profitability of agricultural industry.

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