Small and medium business support program keeps functioning in Almaty: 2009 results

15:30, 21 January 2010

ALMATY. January 21. KAZINFORM /Yekaterina Ionova/ Over one thousand projects were financed to the amount of KZT 83.5 bln in three tranches of small and medium business support program in Almaty. It was stated at the session on the results of the socio-economic development of 2009 held in Almaty akimat.

Stabilization program was realized in order to support small and medium business of Almaty through "Damu" entrepreneurship development fund and second tier banks. Totally over one thousand projects were financed in Almaty in three trenches of the program to the amount of KZT 83.5 bln. The Almaty rate was up to 40%, the work on reduction of administrative barriers is underway.

12 enterprises resumed work in Almaty in summer 2009, electricity, gas and water production rates increased. Chemical and food industries' production capacities were increased as well.

The execution of the republican budget in 2009 was up to 101.2% (KZT 479.9 bln), the performance above the target was up to KZT 5.4 bln.

"We need to amend and work out development program by February 1. We have executed all tasks set by the Head of the State and the Government and executed the budget. Efficient and targeted use of budgetary funds remains the main purpose of our further work", Almaty Mayor Akhmetzhan Yesimov said.

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