More than 100 sales are scheduled to be implemented under the privatization program in Kazakhstan in December 2014, the Chairman of the State Property Committee of the Ministry of Finance Eduard Utepov said.
“There are 156 objects left to sell of 311 objects by the end of 2014,” Utepov said at a briefing in the central communications service on “About the course of the privatization and legalization.”
“Out of them, seven objects of the republican property, 47 of the municipal property, 45 socio-entrepreneurial corporations and 57 holdings. The highest peak of sales, 103 objects sale, is scheduled for December 2014.”
In November, four pieces of national property (the largest being the Kazaeroproject Scientific Institute, which deals with design activity) have been already put for sale, 28 pieces of communal property, including six for the study of language, six media objects, five sports clubs, and five engaged in landscaping.
He said that out of 24 objects sold in October, electronic auctions were conducted on 14 of them, where the most expensive object was Mak-Ekibastus LLP worth 1.21 billion KZT (180.87 KZT = $1). Most brisk auction was conducted on the Kazygurt-Yug object, with five participants involved, and the price increased in 50 steps. The objects were previously owned by Kazakhstan Temir Joly JSC.
“The largest number of objects sold represent the scope of providing public services, media, objects of agriculture and industry,” said the chairman of the committee. “Some 45 individuals, 35 legal entities, including 1 non-resident and 2 individual entrepreneurs became the buyers.”
In general, some 82 objects were sold today. With a starting price of 3 billion KZT, the sale price amounted to 4.6 billion KZT, he said. Funds from the sale were distributed as follows: the republican budget will receive 326 million KZT, provincial budget will receive 380 million KZT, the holdings will receive 3.6 billion KZT and socio-entrepreneurial corporations 277 million KZT.
Earlier in 2014, it was planned to sell 295 objects. Furthermore, governorates (local executive authorities), socio-entrepreneurial corporations and holdings offered additionally for sale another 16 objects. Out of these 311 objects, 20 objects of national property, 132 of the municipal property, 80 socio-entrepreneurial corporations and 79 holdings.
