A meeting of the operational headquarters was held at Samruk-Kazyna JSC. The top management of the Fund and the leaders of portfolio companies discussed a mechanism for responding to realized and potential risks, given the difficult international situation.
Akhmetzhan Yessimov, the CEO of Samruk-Kazyna JSC noted that the current situation requires maximum mobilization and gave a number of instructions to portfolio companies.
The head of the Fund said that the current situation in the commodity market has created pressure on the stability of the national currency to world reserve currencies. In addition, the world continues to spread the coronavirus, which also affects some areas of the economy.
A. Yessimov noted the influence of coronavirus on the implementation of the plans of NC “ KTZh” JSC for the transit of goods. There is a decrease in passenger traffic. So, from February 1, 2020 railway communication with the PRC was suspended (Almaty-Urumqi, Nur-Sultan-Urumqi).
Air Astana flights to Beijing, Urumqi, Hong Kong were canceled in air transportation, flights to South Korea, Baku were reduced from March 1.
In Kazpost JSC, the Business Plan for 2020-2024 was adjusted taking into account the 3-month influence of the coronavirus, mail exchange with China was suspended and the Khorgos FEZ was closed on January 24.
All portfolio companies were entrusted with a detailed review of the organizational structures of companies. First of all, this should concern the administrative and managerial personnel, but not the production staff.
It was entrusted to make proposals on clarifying the perimeter of the Comprehensive Plan for Privatization, Diversions, exit from non-strategic assets, as well as to continue the implementation of ongoing investment projects.
It was also entrusted to create operational headquarters for operational response in each portfolio company with the provision of weekly reports to the central headquarters under the Fund.