ASTANA. 12.03.2010. KAZINFORM /Rizvana Sadykova/ At the beginning of the working week after holiday on the International Women's Day Kazakh Prime Minister Karim Massimov held a telephone conference of the Government during which he charged regional governors to continue work on simplification of the procedures for doing business. "Much work was done on the central level, it is necessary to continue this work on the local level in order to reduce the pressure that exists in the regions", K.Massimov noted. The Head of the Government stressed that if last year the emphasis was laid on the work with banks, share holders and construction field, this year the attention should be paid to industrial programs, breakthrough projects and promotion of development of entrepreneurship. Next day the Lower House of the Kazakhstan Parliament considered the bill On amendments to the Law of the Republic of Kazakhstan "On national budget for 2010-2012". Minister of Economy and Budget Planning Bakhyt Sultanov, Vice Chairman of the National Bank Bisengali Tajiyakov and member of the Majilis Committee on Finances and Budget Nurtay Sabilyanov made reports. According to Kazakh PM, GDP growth in January-February 2010 was up to 6-7%, first two months of the year look promising. The industry grows by over 10%. The effective interest rate for troubled companies will be up to 7%. He added that a range of enterprises was unable to serve debts in banks nowadays. "Banks face the situation when they have to bankrupt these enterprises and take the security interest into its management. In practice, it will lead to bankruptcy of a great number of enterprises" he said. In this regard, the banking community, private sector and regional governors defined a range of projects important for the economy of every particular region. For these enterprises banks reduce the loan burden by 12%. "5% out of these 12 percent will be spent for easing the credit, i.e. the effective interest rate will be up to 7% for these enterprises", the Head of the Government explained The Kazakh Majilis has also approved draft Law "On guaranteed transfer from the National Fund of the Republic of Kazakhstan for 2010-2012" ."The bill foresees approval of a size of the guaranteed transfer from the National Fund of the Republic of Kazakhstan for 2010-2012. In accordance with the President's instruction guaranteed transfer to the national budget will be established at the level of USD 8 bln", Minister of Economy and Budget Planning Bakhyt Sultanov noted introducing the bill. According to Minister Sultanov, adoption of the bill will allow ensuring implementation of budgetary investment projects for medium-term period and financing other expenses of the national budget and will not cause negative socio-economic and legal consequences. Chairman of the Accounts Committee Omarkhan Oxikbayev presenting the draft bills "On Accounts Committee for Control over Execution of the Republican Budget and On amendments to some legislative acts regarding the Accounts Committee for Control over Execution of the Republican Budget" at the session of the Majilis said: "Delivering a speech at the Parliament's session in September 2007 President Nursultan Nazarbayev pointed out necessity of strengthening the system of state financial control including the Accounts Committee's activity". Coming to details Chairman of the Accounts Committee told that, first of all, the document envisages realization of constitutional provisions on collegial status of the Accounts Committee. Secondly, the law consolidates on legislative level qualification requirements to the members of the Accounts Committee which will help strengthen budgetary discipline and institutional development of state financial control. Thirdly, this is legal regimentation of the procedures of planning, passing and adopting a decision by the results of the audit. Fourthly, the draft law provides for creation of a legal framework for analytical activity of the Accounts Committee. The Accounts Committee is authorized to conduct analysis of execution of the national budget, the results of control over fullness and timeliness of tax returns and other obligatory payments in budget, proper and efficient use of budgetary funds and state assets. And the last point is that the law reflects the forms of accounting, the volume and character of the information provided by the Accounts Committee. The Chairman of the Accounts Committee also noted that the bills contain provisions on performance of audit regarding the Accounts Committee itself only under the President's instruction. This fully meets the principles of the Lima Declaration of Guidelines on Auditing Precepts adopted at the IX Congress of the International Organization of Supreme Audit Institutions in Lima (Peru) in 1977. Issues of further modernization of the Kazakh legislation in the field of intellectual property were discussed at the meeting of members of the Committee on legislation and legal reform of the Majilis of the Kazakh Parliament with a delegation of the World Intellectual Property Organization. The Organization was represented by Director of the Department for certain countries in Europe and Asia Michael Svantner (Slovakia) and independent European expert on intellectual property Ron Marchant (Great Britain). Deputy of the Majilis Svetlana Bychkova, members of the Majilis Committee Zhakip Assanov, Nikolai Turetskiy, Irak Yelekeyev and Serik Temirbulatov took part in the meeting. As it is known, Kazakhstan joined the WIPO Copyright Treaty signed in Geneva on December 20, 1996 in April, 2004. This week Kazakh government's officials were also busy with business trips abroad. One of main events was the 2nd sitting of the Kazakh-Hungarian Intergovernmental Commission for Economic Cooperation, which took place in Budapest on March 9. Minister of Economy and Budget Planning Bakhyt Sultanov headed the Kazakh delegation. He held a meeting with Hungarian National Development and Economy Minister Istvan Varga. The sides held effective consultations on the issues of bilateral relations. They discussed a wide array of topics regarding Kazakh-Hungarian cooperation as the improvement of legal regulatory framework; industrial and innovative and scientific cooperation; collaboration in healthcare industry; interaction in the field of agriculture, transport, education, tourism and sport; development of small and medium business; preparation for the 1st sitting of the Kazakh-Hungarian Business Council. A final protocol was signed upon the results of the meeting. Today Head of the State Nursultan Nazarbayev has chaired a session on forced industrial-innovative development of the country with the Cabinet and regional governors. According to the Head of the State, 141 projects out of 144 projects that will be put into service this year were proposed by governors. He stressed that the responsibility is rested on the governors more than ever. "The Government in its turn will do its best for it. The matter is to organize, control over and use the allocated funds rationally", the President said. He has charged to establish small and medium enterprises around every facility built within the Forced Industrial-Innovative Development Program. According to the Head of the State, small and medium business must be developed around every project outlined in the Program, and regional Governors must work over it. As Akim of the region Bakytzhan Sagintayev informed 24 industrial facilities to the total amount of KZT 153 billion will be finished in Pavlodar region this year. Their implementation will enable to attract KZT 800-900 billion to the region's economy and create 12,000 jobs for the period of construction. Kazakh President N. Nazarbayev informed also of important changes in Government bodies, particularly restructuring old ministries and establishments of new ones. There was established a new Ministry of Oil and Gas with Mr. Sauat Mynbayev as the Head. The Ministry of Economy and Budget Planning has been reorganized into the Ministry of Economic Development and Trade, which will have the functions in the spheres of budget planning, strategic planning, regional development and trade with Zhanar Aitzhanova as the Head. Mr. Asset Issekeshev was appointed Deputy Prime Minister - Minister of Industry and New Technologies. The Ministry of Culture and Information will be reorganized into two new ministries: the Ministry of Culture headed by Mr. Mukhtar Kul-Mukhammed and the Ministry of Communication and Information headed by Mr. Askar Zhumagaliyev.