ID :
46220
Wed, 02/18/2009 - 13:35
Auther :
Shortlink :
https://www.oananews.org//node/46220
The shortlink copeid
Inspection moratorium of business is extended
Astana, 18 February 2009, (Khabar) - An inspection moratorium has been extended until the 1st of July to ease the work of small and medium-sized businesses operating in the Republic as a corresponding decree has been announced today by the government. The imposed restrictions will enable a cut in administrative barriers and the provision of additional support for the Republic’s business activity all of which will secure jobs and provide a boost to the establishment of new enterprises. In order to avoid abuse of the moratorium, the Prime Minister asked the chairman of the Atameken Union Azat Peruashev and the chairman of the entrepreneurs’ forum, Raimbek Batalov, to keep an eye on the situation.
Karim Massimov, Prime Minister of Kazakhstan:
- The head of state said the decision was his decision. He redirected this instruction to the government. However, entrepreneurs should continue to pay taxes properly.
Starting from the first of March, students who pay for they studies will receive additional grants. Long-term loans are stipulated for good and excellent students from socially vulnerable groups studying in technical and medical universities. This means that students from large and low income families, orphans and those whose parents are disabled or pensioners will receive financial support.
The government has also issued a decree refinancing mortgage loans. Now, state employees can obtain a new loan with an annual interest rate of 9% while other people can receive an 11% loan. The main condition is that the flat they are going to buy should be their only housing and within 120 square metres.
Karim Massimov, prime Minister of Kazakhstan:
- I am going to sign the money allocation decree today. By the end of this week the money should be in the banks. Starting from the 1st of March, banks should refinance all loans which match those stipulated by the programme. There are too many issues around this matter.
Some additional measures are also to be taken in order to support the housing sector. Two more measures were introduced at the meeting. The first one stipulates the creation of a rental housing fund as a subsidiary of the Samruk-Kazyna fund will be buying unsold mortgage housing through auctions. The second mechanism includes the purchase of real estate items through preliminary mortgage loans which will be issued by the Samruk-Kazyna Fund for 10 years.
Nurbibi Nauryzbayeva, chairman of board, Home construction savings bank:
- During the first ten years, we are going to give out 8.5% loans. Then, the borrower can refinance it with another 20 year loan with an annual interest rate of 5%. In such cases, we will join the funding scheme as well.
The system of housing construction savings requires no preliminary security. While saving money up in the bank, depositors also receive extra bonuses from both the bank and the government.
Karim Massimov, Prime Minister of Kazakhstan:
- The head of state said the decision was his decision. He redirected this instruction to the government. However, entrepreneurs should continue to pay taxes properly.
Starting from the first of March, students who pay for they studies will receive additional grants. Long-term loans are stipulated for good and excellent students from socially vulnerable groups studying in technical and medical universities. This means that students from large and low income families, orphans and those whose parents are disabled or pensioners will receive financial support.
The government has also issued a decree refinancing mortgage loans. Now, state employees can obtain a new loan with an annual interest rate of 9% while other people can receive an 11% loan. The main condition is that the flat they are going to buy should be their only housing and within 120 square metres.
Karim Massimov, prime Minister of Kazakhstan:
- I am going to sign the money allocation decree today. By the end of this week the money should be in the banks. Starting from the 1st of March, banks should refinance all loans which match those stipulated by the programme. There are too many issues around this matter.
Some additional measures are also to be taken in order to support the housing sector. Two more measures were introduced at the meeting. The first one stipulates the creation of a rental housing fund as a subsidiary of the Samruk-Kazyna fund will be buying unsold mortgage housing through auctions. The second mechanism includes the purchase of real estate items through preliminary mortgage loans which will be issued by the Samruk-Kazyna Fund for 10 years.
Nurbibi Nauryzbayeva, chairman of board, Home construction savings bank:
- During the first ten years, we are going to give out 8.5% loans. Then, the borrower can refinance it with another 20 year loan with an annual interest rate of 5%. In such cases, we will join the funding scheme as well.
The system of housing construction savings requires no preliminary security. While saving money up in the bank, depositors also receive extra bonuses from both the bank and the government.
