The Astana Times provides news and information from Kazakhstan and around the world.
The Nur-Sultan Department for Investment and Enterprise Development has devised a programme allowing large retailers to obtain soft loans in exchange for maintaining prices on certain products, reported inbusiness.kz Nov. 14. Because the mechanism is aimed at stabilising prices, interest will be 0.01 percent. Retailers using the loans would be required to preserve prices on 19 socially significant products such as milk, bread, eggs, potatoes and beef. Soft loans have been in practice since 2017, providing approximately 300 million tenge (US$776,000) in the past two years and providing …read more
Source:: The Astana Times
