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ASTANA (TCA) — Kazakhstan’s national wealth fund Samruk-Kazyna said it presented the investment opportunities in Kazakhstan and the investment case of the Fund’s portfolio companies at Kazakhstan Investor Day in Hong Kong on October 16. The event participants included Timur Suleimenov, Minister of National Economy of Kazakhstan; Shakhrat Nuryshev, Ambassador of Kazakhstan to China; and Nurlan Kussainov, CEO of Astana International Financial Centre. Continue reading
ASTANA (TCA) — The meeting of Kazakhstan’s Government on July 4, chaired by Prime Minister Bakytzhan Sagintayev, reviewed the course of implementation of the country’s Comprehensive Privatization Plan for 2016-2020, the official website of the Prime Minister of Kazakhstan reported. Continue reading
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
