The Prime Minister of the Republic of Kazakhstan Askar Mamin Has Held a Meeting of the Board of Directors of “Baiterek” NMH JSC

The annual budget for 2020 and amendments to the Development Plan for 2019-2021 have been approved at the meeting of the Board of Directors of “Baiterek” National Managing Holding JSC chaired by the Prime Minister of the Republic of Kazakhstan Askar Mamin, as well as other issues have been reviewed, according to the RoK Prime Minister’s official information resource.

In 2016-2019, “Baiterek” NMH JSC allocated 824 billion tenge from the national budget and the National Fund of the Republic of Kazakhstan directed to financing of rental housing construction, equity deposits guaranteeing, the support for domestic exporters, Kazakhstani producers of non-resource-based goods and service providers in foreign markets, delivering broadband Internet access to rural settlements, the implementation of SPIID for 2015-2019 and “Business Roadmap 2020” State Business Support and Development Program, “Sary-Arka” Main Gas Pipeline”, lending for large, single-parent and low-income families and other projects.

In the course of the meeting, the adjusted Development Plan for 2017-2021 (in terms of the period of 2019-2021) and the Annual Budget of Baiterek Holding for 2019, the Risk Report, the Holding’s Internal Audit Service Report for the third quarter of 2019, the Annual Budget and Action Plan of Baiterek Holding’s Board of Directors for 2020 have been approved.

The Development Plan of “Baiterek” NMH JSC has been adjusted for the implementation of the HCSBK’s “Own Accommodation” Program, projects in the motor-vehicle industry and construction sector, modernization of transport and industrial infrastructure, financing of the manufacturing industry, etc.