BTA announced its plans of the second debt restructuring in December 2011. Its main shareholder – Samruk-Kazyna Sovereign Wealth Fund – voiced its support to the proposed debt restructuring.
Kazakhstan Prime-Minister Karim Massimov refuted the gossips about transferring of KazMunaiGas and Kazakhstan Temir Zholy to respective ministries. Commented People's IPO plans and Kashagan budget.
The Fund’s outgoing head Timur Kulibayev had voluntarily submitted his resignation letter in the wake of the public unrest in the oil producing city of Zhanaozen.
My instructions to settle the labor disputes [following the industrial action in the Western oil-producing regions which started in May and partly suspended oil production] were not followed: President Nazarbayev.
Western and Kazakh top managers exchanged opinions on privatization, attractive business-climate, prospects of People's IPO and industrial-innovative development of Kazakhstan.
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.