At a cabinet meeting on 1 February, Kazakh President Nursultan Nazarbaev criticized state-owned companies, banks and large holding companies for holding too many noncore assets
Published:
3 February 2005 y., Thursday
At a cabinet meeting on 1 February, Kazakh President Nursultan Nazarbaev criticized state-owned companies, banks and large holding companies for holding too many noncore assets. Nazarbaev said overly large companies need to slim down, adding that bloat hinders competition and stifles small business.
"They should rid themselves of their noncore assets in line with the market by selling them into a competitive environment," Nazarbayev said, according to "Kazakhstan Today." Nazarbaev cited Kazakhstan Temir Zholy, the national railroad company, as an example of a structure with too many noncore assets. Setting out economic priorities, he said Kazakhstan needs to attract 30 transnational companies to work in the country's processing industry. Nazarbaev asked the government to complete a program for housing development in the first quarter of 2005 and to present a program for developing a micro-credit system in the next two weeks.
Šaltinis:
Interfax-Kazakhstan
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission has approved an application from Spain for assistance under the European Globalisation adjustment Fund (EGF).
more »
Green issues continue to dominate the headlines, as MEPs from the Transport Committee vote Wednesday on possible new charges for lorries, based not only on CO2 emissions but other factors such as noise and air pollution and congestion.
more »
High level representatives from business, higher education and politics are meeting in Brussels on 5-6 February for the 2009 European University-Business Forum.
more »
Bailoutbooth.com is doling out $50 and $100 bills to anyone over 18 who can explain why they need it.
more »
China's big three airlines are predicting a bumpy ride for 2009. With the global economic slowdown, failing passenger demand and cost pressures, all three carriers are feeling the credit crunch's bite.
more »
The Czech EU Presidency aims to give a new impetus to European car industry, a key sector that has been seriously hit by the global economic crisis.
more »
Opening a new front in the fight against climate change, cities across Europe vow deeper emission cuts.
more »
Taking into account changes on international and domestic money markets AB DnB NORD Bankas, a member of international financial group, has changed individual and corporate customers time deposit rates.
more »
A European Commission report shows that structured dialogue between workers' and employers' representatives can help the EU face the economic crisis.
more »
Dennis Kozlowski, the ex-Tyco CEO who spent 6 thousand dollars in company money on a shower curtain, has plenty of company today in the corporate shame game.
more »