Kazakh senator calls for drastic actions against companies disregarding President's instructions

ASTANA. November 7. KAZINFORM The Government should take drastic actions against the national companies that do not execute the President's instructions, Kazakh senator Vladimir Bobrov told a Thursday press briefing of the Central Communications Service under the President of Kazakhstan.

Mr. Bobrov cited the example of affiliated companies of JSC "KEGOC" responsible for production of cables.

The senator reminded that previously the boards of directors of national companies included members of the Government and it was possible to monitor where these companies invest their money into. Today, "Samruk Kazyna" National Welfare Fund and national companies are trusted with large sums of money, however, the management of these national companies fails to execute the President's orders.

At the extended session of the Government on October 11 President Nazarbayev harshly criticized the increase in number of state-owned companies that 'eat up' nearly KZT 1.5 trillion of the state budget annually.