To embed, copy and paste the code into your website or blog:
The Kazakhstan government has approved a complex privatization plan for 2021-2025 (Resolution of the Government No. 908 dated December 29, 2020; this became effective on January 1 this year).
According to the plan, quasi-state entities with a balance sheet exceeding 2.5 million monthly calculation indices (around KZT7.3 billion or US$17.3 million) will be transferred into a competitive environment on a priority basis.
New entities, namely two large hydroelectric power plants in Ust-Kamenogorsk and Shulbinsk, have recently been included into the list of major state organizations subject to privatization.
According to the Kazakhstan Ministry of Finance, the previous privatization plan for 2016-2020 was fulfilled by more than 90%. At the same time, we note that the previous plan remained substantially outstanding as far as the Sovereign Wealth Fund “Samruk-Kazyna” JSC is concerned; its assets were meant to be transfe