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ALMATY (TCA) — Following the so-called People’s IPO campaign, which is now widely considered to have been disappointing, a new “privatisation” scheme has been announced by the Kazakh government earlier this year. But as time goes by and timing remains uncertain, many insiders and sideliners start casting doubts on whether either domestic or foreign investors see any point of purchasing stock in companies due to remain out of their control. In other words: rather than contributing to structural economic reform this is considered just one more attempt to fill the dwindling reserves in the state coffers without giving much in return. Continue reading
BISHKEK (TCA) — The State Property Management Fund under the Government of the Kyrgyz Republic (SPMF) intends to reduce part of the non-operating enterprises with the state share by uniting them into a National Holding open joint-stock company. Continue reading
ASTANA (TCA) — Kazakhstan’s national wealth fund Samruk-Kazyna JSC last week organized an Investor Day in Almaty, in which the Fund's top managers updated potential partners and investors on the current status of the privatization program and presented some of the Fund's companies, the Fund said. Continue reading
BISHKEK (TCA) — According to official data, 1,130 state-owned enterprises are registered in Kyrgyzstan and 900 of them are idle, 166 regularly receive subsidies from the state, and only 33 enterprises are operating efficiently. Continue reading
ASTANA (TCA) — Minister of National Economy Timur Suleimenov reported on the progress of privatization in the country at the meeting of the Government of Kazakhstan on April 10, the official website of the Prime Minister of Kazakhstan reported. Continue reading
BISHKEK (TCA) — Many state-owned enterprises in Kyrgyzstan are loss-making, get annual subsidies from the state budget, and continue to be used as an instrument for organization of corruption schemes, Kyrgyzstan’s Prime Minister Sooronbai Jeenbekov said at a Government meeting on March 14, the governmental press service reported. Continue reading
