Azernews.Az

By Aynur Jafarova

Kazakhstan plans to implement over 100 sale projects under a privatization program in December 2014, Chairman of the State Property Committee of Kazakh Finance Ministry Eduard Utepov said at a briefing in the central communications service on the topic "About the course of the privatization and legalization."

“There are 156 out of 311 objects left to be sold by the end of 2014,” Utepov said. “There are seven objects of the republican property, 47 of the municipal property, 45 socio-entrepreneurial corporations and 57 holdings among them. The highest peak of sales - 103 objects sale - is scheduled for December 2014.”

In November, Kazakhstan put for sale four pieces of national property, 28 pieces of communal property, including six for the study of language, six media objects, five sports clubs, and five engaged in landscaping.

Utepov also noted the huge number of sold objects represents the scope of providing public services, media, objects of agriculture and industry.

“Some 45 individuals, 35 legal entities, including 1 non-resident and 2 individual entrepreneurs were the main buyers of the pieces ,” he added.

In early 2014, some 295 objects were planned to be sold. Furthermore, governorates (local executive authorities), socio-entrepreneurial corporations and holdings offered additionally for sale another 16 objects. Out of these 311 objects, there were 20 objects of national property, 132 of the municipal property, 80 socio-entrepreneurial corporations and 79 holdings.

This is the second stage of the privatization program in Kazakhstan. Holding the second stage of privatization is aimed at reducing the state's presence in the entrepreneurship.

The second wave of privatization program planned for 2014-2016 will involve 853 state companies.