BAKU, Azerbaijan, Nov.8
By Nargiz Sadikhova – Trend:
Russian Bank for Small and Medium Enterprises Support (SME Bank) and Kazakhstan’s DAMU Entrepreneurship Development Fund have agreed on joint development of small and medium business, Trend reports with reference to the press office of the bank.
The signing of a corresponding agreement took place during the 16th Russia — Kazakhstan Interregional Cooperation Forum focusing on topical issues related to the development of cross-border cooperation, which was held in Russia’s Omsk city on November 6-7, 2019, in presence of Russian President Vladimir Putin and Kazakhstan’s President Kassym Jomart Tokayev. The agreement was signed by member of Board of Directors of DAMU Gaukhar Buribayeva and Chairman of the SME Bank Board Dmitry Golovanov.
“Together with Kazakh colleagues we are planning to develop small and medium entrepreneurship in Russia and Kazakhstan, giving special attention to development of joint projects and cooperation spheres such as trade-industrial and scientific-technical cooperation and cross-border trade between Kazakh and Russian entities of small and medium business,” the report said.
DAMU Fund is a financial agent implementing and monitoring financial support (subsidies for interest rates on loans to businesses, providing guarantees to banks on entrepreneurs’ loans) as part of Business Road Map 2020 Unified business support and development program of Kazakhstan.
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