Kazakh Government still plans to exit capital of companies in all sectors apart from extraction

ПОДЕЛИТЬСЯ

Kazakh Government still plans to exit capital of companies in all sectors apart from extraction Samruk-Kazyna office. Photo by Vladimir Dmitriyev©

The Government still plans to exit the capital of companies working in various realms, including from financial institutions [bailed out following the financial crunch of 2007-2008] as the private sector recovers, Newskaz.ru reports, citing the country’s PM Karim Massimov as saying at a government sitting August 28. “I want to reiterate that the Government doesn’t abandon the principles of the market economy. The Government doesn’t reject the principles of private ownership (…) when the private sector companies, including those working in the financial sector, recover from what they suffered in the crisis period, the priority will be given to the private sector ownership schemes”, the PM said. “Samruk-Kazyna Sovereign Wealth Fund and the Government in general have only occupied the niches where private sector isn’t able to take the role so far (…) We don’t rule out possibilities of attracting foreign investments; if there is an opportunity to attract foreign investments into certain sectors for further effective operations in these particular sectors, the Government will exit the capital of respective companies”, Mr. Massimov said. At the same time he added “extraction sectors are another matter. In all the other sectors the Government gives priority to private enterprises and market economy principles (…) This stance is a major line of the country’s further development”, he summed up.

ПОДЕЛИТЬСЯ
The Government still plans to exit the capital of companies working in various realms, including from financial institutions [bailed out following the financial crunch of 2007-2008] as the private sector recovers, Newskaz.ru reports, citing the country’s PM Karim Massimov as saying at a government sitting August 28. “I want to reiterate that the Government doesn’t abandon the principles of the market economy. The Government doesn’t reject the principles of private ownership (…) when the private sector companies, including those working in the financial sector, recover from what they suffered in the crisis period, the priority will be given to the private sector ownership schemes”, the PM said. “Samruk-Kazyna Sovereign Wealth Fund and the Government in general have only occupied the niches where private sector isn’t able to take the role so far (…) We don’t rule out possibilities of attracting foreign investments; if there is an opportunity to attract foreign investments into certain sectors for further effective operations in these particular sectors, the Government will exit the capital of respective companies”, Mr. Massimov said. At the same time he added “extraction sectors are another matter. In all the other sectors the Government gives priority to private enterprises and market economy principles (…) This stance is a major line of the country’s further development”, he summed up.
Tengrinews
Читайте также
Join Telegram
Kazakhstan to be hit by snowfall
Flights delayed at Aktobe airport
US dollar drops sharply in Kazakhstan
Kazakhstan to raise living wage in 2026
Tenge continues to strengthen steadily
CSTO meeting has begun in Bishkek

Exchange Rates

 504.61  course up  587.93  course up  6.63  course up

 

Weather

location-current
Алматы

 

Редакция Advertising
Социальные сети