A number of changes have been made to the SME compensation mechanism

At a meeting of the Regional Commission for the determination of property damage to SMEs dated February 20, 2022, 119 applications from entrepreneurs were approved for a total of 427 million tenge. Of these, 64 applications for the amount of 295.7 million tenge were financed from the budget, 55 applications for 131.3 million tenge from the “Zhana Alatau“ Charitable Foundation.

 

In total, since the beginning of the work of the commission for Almaty, 720 applications have been approved in the amount of 1,545.7 million tenge, including 345 applications in the amount of 793.8 million tenge from the budget, 375 applications in the amount of 751.9 million tenge from the fund's resources,“Zhana Alatau.”

 

At the same time, at the initiative of the Regional Commission of Almaty, a number of changes have been made to the SME Compensation Mechanism to achieve a more effective result on payments. So, now, according to the simplified method, compensation is paid for damage caused to real estate and transport in the amount of up to 10 million tenge (previously up to 5 million tenge); for damaged equipment without limits on the amount (previously up to 5 million tenge). Changes have also been made to compensate the expenses of affected entrepreneurs for the services of private lawyers for conducting a forensic examination (previously the service was paid for by the applicants). 

 

At the same time, the preliminary amount of damage should already be prescribed by law enforcement agencies, in the Resolution on recognition as victims as a result of mass riots in January 2022 (previously, the procedure was advisory in nature).