Government approves first stage of action plan on industrial support of business

ASTANA. KAZINFORM - The Government of Kazakhstan approved the first stage of the action plan on industrial support of enterprises, Minister of Investment and Development Asset Issekeshev told at the first session of the managerial committee of "Baiterek" Holding.

"We have adapted the first stage of the plan on industrial support of enterprises and the Cabinet presently discusses other measures on support of our industrial enterprises, small and medium-sized business in order to help them preserve jobs and production level," A.Issekeshev informed. The minister also noted that implementation of the new economic policy "Nurly Zhol" and second five-year stage of the industrialization program was launched this year. "A new support mechanism for medium-sized entities will be introduced within the industrialization program. It aims to essentially increase business productivity. The mechanism will be tested within the framework of the industrialization program. It will embrace three sectors, which is about 30-40 companies. "Baiterek" Holding will coordinate the implementation process," A.Issekeshev added. According to the minister, the Cabinet also works on a new export strategy of the country and some support mechanism have already been included into it. "We presently work on a new export strategy and a range of support mechanisms. I believe local companies can already use these mechanisms," A.Issekeshev resumed.

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