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B. Sholpankulov: Interest towards Kazakhstan’s ongoing privatization has significantly grown

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by January 18, 2018 Health

During today’s press conference at the Government press center, Deputy Minister of Finance Berik Sholpankulov elaborated on the progress of privatization within the framework of the eighth direction of the Presidential Address Effective Public Administration.

According to Berik Sholpankulov, currently the Comprehensive Privatization Plan for 2016-2020 includes 904 facilities. During the last two years of privatization, 476 facilities within the Comprehensive Plan were put up for sale, 367 facilities were sold for the amount of 164 billion tenge. In addition, 255 facilities are in the process of reorganization and liquidation.

All in all, taking into account the reorganized and liquidated facilities, the implementation of the Comprehensive Privatization Plan is 71% complete. 463 facilities were planned to be sold in 2017. The plan was 97% completed, � Berik Sholpankulov said.

As the Deputy Minister of Finance noted, in 2017 work began on the top facilities subject to sale according to a special procedure. 23 top-end facilities were planned to be sold, including 20 facilities of national holdings and 3 Republic-owned facilities. Of these, to date, 11 were sold, 12 are in the process of sale and negotiation with potential buyers.

The total selling price of top facilities amounted to 61 billion tenge, which is 20% more than their book value and 8% more than their estimated value.

According to the financial department, interest towards the ongoing privatization has increased significantly. The number of active visitors to the trading platform increased 12%. In addition, the auction competition has increased � the average number of participants in one trade is about 4-5, whereas previously there were no more than 3.

Recall, the January Address of the Head of the State New Development Opportunities in the conditions of the Fourth Industrial Revolution has outlined ten areas of work. The eighth direction – effective public administration – contains tasks related to the acceleration of the implementation of the privatization plan.

Source: Government of the Republic of Kazakhstan

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B. Sholpankulov: Interest towards Kazakhstan’s ongoing privatization has significantly grown

Closed
by January 18, 2018 Health

During today’s press conference at the Government press center, Deputy Minister of Finance Berik Sholpankulov elaborated on the progress of privatization within the framework of the eighth direction of the Presidential Address Effective Public Administration.

According to Berik Sholpankulov, currently the Comprehensive Privatization Plan for 2016-2020 includes 904 facilities. During the last two years of privatization, 476 facilities within the Comprehensive Plan were put up for sale, 367 facilities were sold for the amount of 164 billion tenge. In addition, 255 facilities are in the process of reorganization and liquidation.

All in all, taking into account the reorganized and liquidated facilities, the implementation of the Comprehensive Privatization Plan is 71% complete. 463 facilities were planned to be sold in 2017. The plan was 97% completed, � Berik Sholpankulov said.

As the Deputy Minister of Finance noted, in 2017 work began on the top facilities subject to sale according to a special procedure. 23 top-end facilities were planned to be sold, including 20 facilities of national holdings and 3 Republic-owned facilities. Of these, to date, 11 were sold, 12 are in the process of sale and negotiation with potential buyers.

The total selling price of top facilities amounted to 61 billion tenge, which is 20% more than their book value and 8% more than their estimated value.

According to the financial department, interest towards the ongoing privatization has increased significantly. The number of active visitors to the trading platform increased 12%. In addition, the auction competition has increased � the average number of participants in one trade is about 4-5, whereas previously there were no more than 3.

Recall, the January Address of the Head of the State New Development Opportunities in the conditions of the Fourth Industrial Revolution has outlined ten areas of work. The eighth direction – effective public administration – contains tasks related to the acceleration of the implementation of the privatization plan.

Source: Government of the Republic of Kazakhstan

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