Bakhyt Sultanov held a meeting on trade development and price stabilization in Almaty

Source https://primeminister.kz/ru/news/bahyt-sultanov-provel-v-almaty-soveshchanie-po-stabilizacii-cen-1713437

 

On February 16, 2022, Deputy Prime Minister - Minister of Trade and Integration of the Republic of Kazakhstan Bakhyt Sultanov held a meeting in the Akimat of Almaty on trade, price stabilization for socially important food products and compensation for losses to business entities incurred during the riots. Currently, Almaty is the largest trade and cultural center of Kazakhstan. About one third of the enterprises registered in the Republic of Kazakhstan are located in this city.

"Trade is the main branch of the economy of Almaty. In 2021, retail trade growth amounted to 13.5%, volume – 4 trillion. 212 billion tenge. The share of Almaty's retail trade in the volume of retail trade in Kazakhstan is 31.5%," Bakhyt Sultanov noted.

 

According to Deputy Prime Minister - Minister of Trade and Integration of the Republic of Kazakhstan Bakhyt Sultanov, the January events had a negative impact on the work of individual business entities, especially in the trade sector.

 

As of today, the government commission has approved a mechanism for compensation of damage to affected entrepreneurs, which is proposed to make a number of changes. The Regional Commission of Almaty proposed to make changes to the current mechanism. According to Mayor of Almaty Yerbolat Dosayev, it was proposed to carry out compensation for damages according to a simplified calculation with the amount of payments up to 10 million tenge for all categories of damage, as well as apply a simplified mechanism for the category "equipment" and compensate for the payment of lawyers. "This will reduce the time for consideration of applications from 1 month to 2 weeks and significantly speed up the procedure for compensation of damage to business," Mayor of Almaty Yerbolat Dosayev said. The issue of price stabilization for socially important food products was also discussed. 11 billion tenge was allocated from the local budget to fix prices for vegetables, meat products, eggs and groceries in order to stabilize prices for NWPT within the framework of "revolving" loans. The allocation of loans to large producers of social bread, dairy products and sunflower oil is also being worked out.