Kazakhstan Chamber of Commerce in the USA

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Kazakhstan approves list of state companies offered for privatisation 0

Posted on January 14, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

The government of Kazakhstan has approved a list of state companies to be offered for privatisation as part of its long-term privatisation plan for 2016-2020.

The plan approves a list of large state-owned companies and organisations that will be privatised, and includes the pharmaceutical company SK-Pharmacy, national space company Kazakhstan Garysh Sapary, state road enterprise Kazakhavtodor, Khorgos international centre of cross-border cooperation, the airport of Astana, the Almaty sanatorium, the Kazakh national film studio, the airports of Kostanai and Petropavlovsk, the Korkyt Ata airport in Kyzylorda, and the Duman entertainment centre in Astana.

The list for priority privatisation also includes the national railway company Kazakhstan Temir Zholy (through IPO), national oil and gas company KazMunayGas (IPO), national atomic company Kazatomprom (IPO), national post service Kazpost (IPO), airlines Air Astana (IPO) and Qazaq Air, national telecommunications operator Kazakhtelecom, the airports of Aktobe, Atyrau and Pavlodar, the Aktau international seaport, and the national agricultural holding KazAgro.

Samruk-Kazyna announces six agreements totalling $4 billion 0

Posted on January 05, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

Samruk-Kazyna, the sovereign wealth fund of the Republic of Kazakhstan, has announced memorandums of understanding and agreements for five projects totalling $4 billion at the meeting of the Kazakhstan-China Business Council (KCBC).

The event was attended by more than 350 representatives from governments and businesses from both countries and included keynote remarks from Kazakhstan’s Prime Minister Karim Massimov and Samruk-Kazyna’s CEO Umirzak Shukeyev.

Key announcements at the KCBC meeting included:

  • Agreement between KazMunayGas and Sinopec in oil exploration and production, petrochemicals, engineering and renewable energy.
  • Agreement between Kazakhstan’s national atomic company, Kazatomprom, and China General Nuclear Power for the design and construction of a plant for the production of fuel assemblies in Kazakhstan and the joint development of uranium deposits in Kazakhstan.
  • Agreement between Kazakhstelecom and China Telecom to roll out fibre optic communications lines in rural Kazakhstan.

Kazakhstan plans IPOs for 43 large state firms in 2016-17 0

Posted on December 10, 2015 by KazCham

Reuters

Nov 18 Kazakhstan plans to sell stakes of at least 25 percent in 43 large state-owned companies via initial public offerings (IPOs) in 2016-17, the Samruk-Kazyna sovereign wealth fund said on Wednesday.

The government faces a plunge in revenues from oil, Kazakhstan’s main export. President Nursultan Nazarbayev told a government meeting on Wednesday he wanted Kazakh businessmen and companies to take part in the privatisations.

The stakes will be sold on the floor of the oil-rich nation’s financial centre being built in the capital Astana, the fund said.

The businesses to go public include oil and gas company KazMunaiGas, uranium company Kazatomprom, railway company Kazakhstan Temir Zholy and mining firm Tau-ken Samruk, it said.

Tau-ken Samruk has a 30 percent stake in Glencore-controlled zinc producer Kazzinc.

Offered for sale will also be stakes in electricity firms united in the fund’s division Samruk-Energo.

Samruk-Kazyna manages state-owned stakes in companies representing all major branches of Central Asia’s largest economy.

Two sources close to the government told Reuters this month the companies in which the state would sell stakes included miner Eurasian Resources Group (ERG), flagship carrier Air Astana and Kazakhtelecom.

The fund said that besides holding IPOs in the 43 large companies, it would privatise 182 “non-core assets” through auctions in the same period.

The total value of the capital of all the companies slated for sell-off is around 2.5 trillion tenge ($8.1 billion), the fund said.

Richard Branson’s Virgin Group is going to enter the telecommunications market of Kazakhstan 0

Posted on July 21, 2013 by KazCham

Business Intelligence from Colibri Law Firm: Issue #65

The head of Kazakhtelecom, Kuanyshbek Yessekeyev, and board member of Virgin Managеment, Peter Norris, signed license agreement. Guests with the Kazakhs are going to reach targets prescribed in the program document – “the use of telecommunication networks and existing infrastructure of Kazakhtelecom and innovative solutions of Virgin Group”. During the implementation of the agreements, the parties intend to explore the possibility of launching commercial services under the brand name Virgin in Kazakhstan, using the networking capabilities and infrastructure of JSC Kazakhtelecom.

School pupils in Kazakhstan to get tablet computers 0

Posted on November 13, 2011 by Alex

Caspionet, Nov 4, 2011

All school pupils in Kazakhstan are to get tablet computers as part of electronic learning programme that is being introduced in the country. This year, several schools of the republic will take advantage of this programme. Prospects of this approach topped a discussion at the fifth international forum of educational information in Astana. Already in November, the beta version of the e-learning system will be in operation in 44 schools of Astana, Almaty and Karaganda. These schools will be provided with high quality internet access in the near future.

Askar Zhumagaliyev, Kazakh Minister of Communication and Information:

“We have speedy internet in four areas this year and next year we will increase the speed and cover virtually all areas in the countryside. We have now come to the beginning of the 4G project. The corresponding frequencies we have already agreed on, and soon we will give them to Kazakhtelecom.”

By 2020, the state will purchase 83 000 tablets for schools but these devices will not fully replace textbooks the way they did it in the USA and Japan. Learning processes will be conducted simultaneously because the main objective of the reform is to improve the quality of education to solve the issue of professional personnel in the villages. The focus is also upon making education accessible for children with disabilities.

Bakhytzhan Zhumagulov, Kazakh Minister of Education and Science:

“To date, 9300 children with disabilities are unable to attend school for health reasons. From this year on, the state is to be providing 3,000 such children with computers, the Internet and software for distance learning annually. Over these years, we will have completely solved this issue with 5.6 billion tenge reserved for these purposes.”

Some primary school classes in Karaganda schools switched to e-learning system last year. Teachers say the experiment is success.

Olga Surnacheva, Coordinator, “Education for the Future” Programme:

“We started watching these children and noticed that their interest in studying increased. They become more research-oriented, self-dependent, which is very important now.”

Dozens of the world’s leading IT-companies displayed their inventions in this field at the exhibition of information and educational achievements. Electronic textbooks, teaching computers and programmes that may be interesting for local teachers were at the exposition as well.

SOURCE: http://www.kazakhembus.com/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=793&cntnt01origid=15&cntnt01returnid=201

Competition grows in Kazakhstan’s mobile market 0

Posted on September 13, 2011 by Alex

Caspionet, Sept 7, 2011

Kazakhstan’s mobile market used to have a low level of competition. Until May 2011, the country had two main participants: «Kazakhtelecom» state company and «Beeline». However, the situation has changed with Tele2, the Swedish mobile operator, stepping into the market. Oligopoly started falling apart and large companies announced a rate reduction one after another.

Over a few months of a new big mobile operator’s activity in Kazakhstan, the major participants of this market have announced tariff cuts by at least 20%. Until recently, mobile phone services in Kazakhstan were among the most expensive in the CIS. Mobile network operators offer mainly price plans with step-charging, specifying in their ads a low cost of following minutes after the second and third while the cost of the very first minute was considerably higher, because the average length of a mobile phone conversation in Kazakhstan equals 40 seconds and people usually did not resort to this attractive option. However, increased competition is forcing operators to give up high profits.

Kaspars Kukelis, Marketing Director, GSM Kazakhstan/Kcell:

“The introduction of any tariff is a reaction to market competition. The operator can follow different promotion strategies and consider someone their competition or not and say whatever they want, but the reality is that we’re all in the same market.”

People in Kazakhstan spend an average from 10 to 15 US dollars per month on mobile services. Moreover, even new lower rates do not affect these figures.

Kaspars Kukelis, Marketing Director, GSM Kazakhstan/Kcell:

“We are talking about 5 minutes of conversation per day. This is the length of people’s conversation, when every minute is charged. Once a person subscribes to discounts, consumption increases about 8-10 times. Mobile subscribers are willing to consume more.”

A reduction in roaming charges is yet another trend of the market. Mobile network operators of the CIS are in talks on this issue.

SOURCE: http://www.kazakhembus.com/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=776&cntnt01origid=15&cntnt01returnid=201

 

Kazakhstan Daily News Roundup – September 6, 2011 0

Posted on September 06, 2011 by Alex



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