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The 5th Business Forum of Conference on Interaction and Confidence Building Measures in Asia (CICA), 10-11 of November 2016, Astana, Kazakhstan

Mangystau branch of the “Damu” fund approved 44 projects at the cost of 1.3 billion tenge in 2015

January 22, 2016 6:30 pm

Mangystau branch of the “Damu” fund has announced results for 2015. Officials of the branch have pointed out that the volume of financial support under the government program “Business Road Map 2020” significantly increased in 2015 in comparison with previous years. For the subsidizing instrument in 2015 the Regional Coordinative Board approved 72 new projects in the amount of 5.11 billion tenge, 54 of them signed subsidizing agreements.

The regional branch approved 44 projects with overall value of 1.3 billion tenge, 34 of them were guarantee agreements. It is 161% growth in comparison with 2014. Total amount of projects achieved 973.5 million tenge.

In the Mangystau region 43 manufacturing industry projects were supported from resources of National Fund, overall amount of the financing reached 7.8 billion tenge.

As it was noted by the branch officers, entrepreneurs of the region are getting actively involved in the competence improving programs. 17 businessmen participated in the project “SME Top-Management Trainings”; 29 entrepreneurs passed the first stage of the “Business Communication” program, later two of them had trainings at German factories. Three entrepreneurs will have foreign internship in 2016.

Two companies of the region received assistance from Dutch experts within the “Senior Experts” program. There were taught 22 young businessmen in the age from 18 to 29 y.o. as a part of CES’s “Young Entrepreneurs’ Start-Ups Support Program”.

In 2015 the Center of Entrepreneurship Support of the region provided 5,158 consultations, helped to write 28 business-plans and supervised projects of 13 entrepreneurs. During the year the center conducted 56 meetings with clients where different kinds of the government support were explained; 26 workshops and trainings were provided on the topic of doing business.

The CES’s mobile centers conducted 46 visits. During these visits the mobile centers served 592 people and gave 1,100 consultations.

23 businessmen with disabilities received grants of the “Damu-Komek” program. Sponsor help was provided by entrepreneurs that participated in the government support programs.