ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of April 28, 2023 No. 342

About modification and amendments in the orders of the Government of the Republic of Kazakhstan of December 11, 2018 No. 820 "About some questions of ensuring long-term tengovy liquidity for the solution of task of available crediting" and of December 31, 2019 No. 1060 "About some measures of the state support of private entrepreneurship"

The government of the Republic of Kazakhstan DECIDES:

1. Bring the following changes and amendments in some decisions of the Government of the Republic of Kazakhstan:

1) in the order of the Government of the Republic of Kazakhstan of December 11, 2018 No. 820 "About some questions of ensuring long-term tengovy liquidity for the solution of task of available crediting":

in the mechanism of crediting and financial leasing of priority projects approved by the specified resolution:

in Item 7:

to state paragraph two of part one in the following edition:

"target group of SChP are the effective entrepreneurs / subjects of industrial and innovative activities determined in Rules of subsidizing of part of rate of remuneration within the national project on development of entrepreneurship for 2021 - 2025 and realizing projects according to the list of industries of economy on conversion and production in agro-industrial complex and processing industry according to appendix 2 to this mechanism, and the list of industries of economy on the mining industry and services according to appendix 3 to this mechanism.";

add with part seven of the following content:

"The maximum amount of the credit / financial leasing on construction and (or) reconstruction and equipping by the equipment of the new hotels of category "3", "4" and "5" of the stars realized in the regional centers and using franchizes in the field of hotel business of the international hotel networks having at least 1000 (one thousand) hotel objects in ten and more countries of the world within OKED 5510 (provision of services by hotels and similar places for accommodation) constitutes no more than 5 (five) billion tenges with term no more than 7 (seven) years without the right of prolongation of term of subsidizing. This condition does not extend to the projects provided by OKED 5510 (provision of services by hotels and similar places for accommodation), 5520 (provision of housing for the weekend and the other periods of short-term accommodation), 5530 (provision of services by campings, parking for motor vans and trailers for housing) the list of industries of economy on the mining industry and services, according to appendix 3 to this mechanism.";

state Item 9 in the following edition:

"9. Conditions of subsidizing of the SChP projects on conversion in agro-industrial complex, in processing industry and services:

Subsidizing is performed at the expense of the funds allocated for implementation of actions of the national project on development of the entrepreneurship for 2021 - 2025 approved by the order of the Government of the Republic of Kazakhstan of October 12, 2021 No. 728, and this mechanism.

Financing of subsidizing of rate of remuneration on the issued BVU, by LX and AKK to the credits / financial lysinedin of SChP is performed from means of the republican budget.

Subsidizing of the projects realized within the list of industries of economy on conversion and production in agro-industrial complex and processing industry according to appendix 2 to this mechanism is performed on the credits / to leasing transactions with the nominal rate of remuneration which is not exceeding the base rate established by National Bank of the Republic of Kazakhstan and the difference increased by 4,5 (four and a half) percent points from which 13,25 of % is subsidized with the state and is paid by SChP. The projects approved before approval of the above-stated rate of remuneration act on earlier approved conditions with authorized body of the financial agency before complete execution by entrepreneurs of the obligations on them.

Subsidizing of the projects realized within the list of industries of economy on the mining industry and services according to appendix 3 to this mechanism is performed on the credits / to leasing transactions with the nominal rate of remuneration which is not exceeding the base rate established by National Bank of the Republic of Kazakhstan and the difference increased by 4,5 (four and a half) percent points from which 11,25 of % is subsidized with the state and is paid by SChP. The projects approved before approval of the above-stated rate of remuneration act on earlier approved conditions with authorized body of the financial agency before complete execution by entrepreneurs of the obligations on them.

Subsidizing of projects in processing industry on OKED 1101 (distillation, rectification and mixing of alcoholic drinks) is performed on the credits / to leasing transactions with the nominal rate of remuneration which is not exceeding the base rate established by National Bank of the Republic of Kazakhstan and the difference increased by 4,5 (four and a half) percent points from which 13,25 of % is subsidized with the state and is paid by SChP. The projects approved before approval of the above-stated rate of remuneration act on earlier approved conditions with authorized body of the financial agency before complete execution by entrepreneurs of the obligations on them.

In case of reduction of the base rate established by National Bank of the Republic of Kazakhstan for December 6, 2022, the part of rate of remuneration subsidized by the state decreases on equivalent change to the reduced value of base rate of National Bank of the Republic of Kazakhstan.

The term of subsidizing of the credits / financial leasing directed to investments constitutes no more than 5 (five) years without the prolongation right.

The term of subsidizing of the credits and financial leasing allocated for replenishment of current assets constitutes no more than 3 (three) years without the prolongation right.

The term of subsidizing of the credits / financial leasing according to the list of the key (priority) sectors of economy directed to investments according to appendix 4 to this mechanism constitutes no more than 7 (seven) years, except for the projects provided by paragraphs the eighth and ninth this Item.

At the same time the list of key (priority) sectors of economy is created based on offers of the authorized bodies supervising the corresponding industries of economy with analysis results on financial stability, average profitability, capital intensity of projects and risks of non-return of the credits on OKED offered to inclusion in the list of key (priority) sectors of economy.

Subsidizing of projects according to the list of key (priority) sectors of economy according to appendix 4 to this mechanism is performed on the credits / to leasing transactions with the nominal rate of remuneration which is not exceeding the base rate established by National Bank of the Republic of Kazakhstan and the difference increased by 4,5 (four and a half) percent points from which 13,25 of % is subsidized with the state and is paid by SChP.

In case of reduction of the base rate established by National Bank of the Republic of Kazakhstan for December 6, 2022, the part of rate of remuneration subsidized by the state decreases on equivalent change to the reduced value of base rate of National Bank of the Republic of Kazakhstan.

Financing of projects on construction and (or) reconstruction and equipping is performed by the equipment of the new hotels of category "3", "4" and "5" of the stars realized in the regional centers and using franchizes in the field of hotel business of the international hotel networks having at least 1000 (one thousand) hotel objects in ten and more countries of the world within OKED 5510 (provision of services by hotels and similar places for accommodation) only at the expense of own means of BVU/LK. This condition does not extend to the projects provided by OKED 5510 (provision of services by hotels and similar places for accommodation), 5520 (provision of housing for the weekend and the other periods of short-term accommodation), 5530 (provision of services by campings, parking for motor vans and trailers for housing) the list of industries of economy on the mining industry and services according to appendix 3 to this mechanism.

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