According to President Nazarbayev, the IPO for the general public will enable citizens to purchase shares of the largest Kazakh companies, giving them a new tool for investments and savings.
The figure has been augmenting despite the fact that during the financial crisis of 2008-2009 $8.1 billion out of the National Oil Fund was injected into the country’s economy as a measure of support.
Kazakh President Nursultan Nazarbayev has ordered an investigation into the violence in the western town of Zhanapzen that left 11 people dead and 86 injured.
Roland Dumas arrived in Kazakhstan as part of a European delegation of experts to attend a conference on the Path to Europe Program of Diplomatic Efforts.