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The Government of Kazakhstan considered the progress of privatization

by April 10, 2017 Legal

According to the Ministry, 280 organizations will be put up for sale in 2017, 84 in 2018. In 2019-2020, it is planned to withdraw to IPO / SPO 8 largest assets of our country such as Air Astana JSC, NAC Kazatomprom JSC, Kazakhtelecom JSC, NC KazMunayGas JSC, Kazpost JSC, Samruk-Energo JSC, NC Kazakhstan Temir Zholy JSC, Tau-Ken Samruk JSC.

According to the speaker, decisions on selling methods of 22 assets from TOP-65, including 8 companies of republican ownership and 14 companies of Samruk-Kazyna JSC, as well as 157 Fund Assets out of 215 to be transferred in a competitive environment, were adopted at the meeting of the State Commission on issues of economic modernization.

Based on the results of the inventory of subordinate organizations carried out at the end of 2016, 105 organizations were included in the Comprehensive Privatization Plan. 32 organizations whose activities do not comply with the Government’s decree defining the activities that JSC and LLPs can perform with state participation and affiliated persons.

“When creating the lists of objects, we took the results of the inventory, where 6003 organizations were proposed to be kept in state ownership. More than 88% are social organizations and 447 companies in the quasi-public sector, and 243 are liquidated,” T. Suleimenov said.

The speaker emphasized that KAZNEX INVEST JSC created an additional Internet resource – in order to ensure transparency and effectiveness of privatization, attract the maximum number of potential investors. It provides information on privatization objects and highlights the implementation of Comprehensive Privatization Plan.

It should be reminded that the task of completing the privatization of organizations, included in the Comprehensive Plan by the end of 2018, was entrusted to the Government of the Republic of Kazakhstan in the Message to the People of Kazakhstan “The Third Modernization of Kazakhstan: Global Competitiveness.”

Source: The Prime Minister of Kazakhstan