Riot-affected entrepreneurs in Zhanaozen to receive loans on favorable terms
Kazakhstan, Astana, Jan.10 / Trend, L. Podolyak /
The owners of commercial facilities destroyed during the riots in Zhanaozen will be issued soft loans up to 5 million tenge ($33,000), Samruk-Kazyna National Welfare Fund Chairman of Board Umirzak Shukeev said at a government meeting.
"Today's decision to approve a special plan for entrepreneurship development in Zhanaozen for 2012-2014 will start this work. As it was previously discussed, procedure for granting loans is simplified at most, and loans up to 5 million tenge will be issued on very preferential terms," Shukeev said.
Earlier, Shukeyev during his working trip to Zhanaozen met with entrepreneurs, whose facilities were affected by the riots. Consideration of applications and issuing loans were explained to owners of the affected facilities.
Mass riots hit the Kazakh oil town of Zhanaozen in the Mangistau region on Dec.16 killing 16 and injuring more than 100 people. Kazakh President Nursultan Nazarbayev declared a state of emergency in Zhanaozen until Jan.31.