PRESIDENT’S WEEK 1

11 January 2017

The Head of State signs a Decree on the Working Group for reauthorization of governmental departments

30.12.15. Naz

The Working Group will be headed by Head of the Presidential Administration of Kazakhstan. It is composed of representatives of the Parliament, the Government, the Supreme Court of Kazakhstan and other state bodies as well as representatives of the legal community and the scientific and expert community.

11 January 2017

Meeting with “Baiterek” National Holding Board Chairman Yerbolat Dosayev

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During the meeting the Head of State was presented a report on the activity results of the holding company for 2016 and a vision of its future development.

In his report E.Dosayev noted that the preliminary figures indicate the excess of the company’s assets by 4 trillion 100 billion tenge, and the net profit amounts to 30 billion tenge.

Also the “Baiterek” National Holding Board Chairman informed the President on the work of “Development Bank of Kazakhstan “JSC and the plans for changes in the holding company’s development strategy, taking into account the economic situation in the country and the National Bank’s new monetary policy.

Nursultan Nazarbayev emphasized the company’s part in implementation of important projects for the country’s economy.

– The original task of the holding had been financing of large-scale projects. But during the downfall in the economy “Baiterek” had been given a wide variety of additional orders. In that connection currently it is necessary to define the strategic outlook of its further activity, the President of Kazakhstan said.

Following the meeting the Head of State has given a number of specific instructions.

11 January 2017

Meeting with “Samruk-Kazyna” Board Chairman Umirzak Shukeyev

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During the meeting the Head of State was informed about the Fund’s development indicators according to the results of 2016.

Also U. Shukeyev reported to the Kazakh President on the progress of the assets privatization and operations of power plants owned by “Samruk-Kazyna”. To date, from 217 Fund’s facilities for sale 120 have already been siphoned off.

– 70% of the facilities from the second list have been realized, and there are negotiations with foreign investors on 11 major sites from the first list, said the Chairman of “Samruk-Kazyna” Board.

The Head of State noted that the original task had been creation of a holding company in Kazakhstan, according to Singapore “Temasek” Fund model, stressing in that respect the importance of appropriate qualitative transformation of “Samruk-Kazyna”.

Specific instructions have been given after the meeting.