/KASE, May 27, 2021/ – Development Bank of Kazakhstan (Nur-Sultan), whose bonds
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press release dated May 27, 2021:
quote
100 billion tenge of long-term loans were allocated by the Development Bank of
Kazakhstan for 11 second-tier banks in 2014 and 2015, intended for the
development of the manufacturing sector of the economy of Kazakhstan. To
know where exactly the funds were directed and how the enterprises that have
received support live today read the material by Inbusiness.kz
In the manufacturing sector, costs into production processes are a key factor
affecting the ability of enterprises to compete in the open market. Each
production step or operation needs constant improvement and increase in
efficiency, which makes companies spin in a constant whirlpool to find cheaper
raw products, materials, engineering contractors. This lack of access to a
flexible production system in the textile group of company "Azala" was
established by themselves - today it’s the only vertical cluster operating in
the country from the production of elite cotton seeds to the production of
finished garments.
unquote
The full press release is available on –
https://kase.kz/files/emitters/BRKZ/brkz_reliz_270521_1.pdf
[2021-05-27]