Aquaculture reserves in Kazakhstan have increased 3.4 times over several years

Published 2024년 1월 11일

Tridge summary

State support has led to a significant increase in business interest in fish farming in Kazakhstan, resulting in a more than threefold increase in aquaculture stocks from 2018 to 2022. The government has implemented several incentives for fish farms, including reduced tax burdens, investment compensation, and subsidies for feed and purchasing fry, medicines, or broodstock. This has led to a substantial increase in financial investments in the fish farming sector, resulting in increased production volumes and financial indicators in the country.

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Original content

Fish farming as a startup: thanks to state support, business interest in fish farming has sharply increased in the country In Kazakhstan, there is an active growth in production indicators in fish farming. According to the Bureau of National Statistics ASPiR RK, during the period from 2018 to 2022, aquaculture stocks in Kazakhstan increased more than three times: from 5.7 thousand to 19.2 thousand tons. The Agrosektor.kz portal reports this with reference to Eneryprom.kz. This growth is partly due to increased business interest in the sector, especially given government support for the industry. Fish farms in Kazakhstan now have the opportunity to reduce tax burdens by 70%, as well as receive compensation in the amount of 25% of investments made. Additionally, they can count on subsidies covering 30% of the cost of feed and 50% of the cost of purchasing fry, medicines or broodstock of valuable fish species. This information was provided by the Fisheries Committee of the Ministry ...

Source: Agrosektor