Kazakhstan’s Samruk Kazyna expands co-op with small, medium business

Business Materials 28 February 2018 16:01 (UTC +04:00)

Baku, Azerbaijan, Feb. 28

By Ali Mustafayev – Trend:

Kazakhstan’s Samruk Kazyna Fund will increase purchasing operations with small and medium business by 300 billion tenge, said the managing director for the operating service of Samruk-Kazyna JSC Alisher Pirmetov at a press conference, Kazakh media outlets reported.

He added that purchases within the group of companies will be optimized, a marketing system will be introduced, and the pre-selection procedure for the representatives of small and medium business will be facilitated.

"Presently big companies are able to purchase any goods and services from each other without complicated procedures, which creates fewer opportunities for the representatives of small and medium business to participate in such operations participation. We plan to eliminate this problem and provide small and medium business with purchasing orders worth 300 billion tenge," Pirmetov said.

He also added that the pre-qualification procedure for representatives of small and medium-sized business will be facilitated.

(Currency rate for 28.02.2018 - $1 - 318 tenge)