20.02.2013 - Kazakhstan's Samruk-Kazyna cutting expenses
Samruk-Kazyna National Welfare Fund will start cost saving, Tengrinews.kz reports citing the Fund's press-service. 11 Kazakhstan companies have already implemented the cost saving program. "The group is expected to save around 70 billion tenge ($467 million) in three years. The fund's cost saving program was developed with the help of international consultants. All business processes, self-costs and other expenses of the companies were analyzed. The program is expected to improve the competitiveness and optimize the group's activities. The three-year program is being implemented by KazMunaiGas, Kazakhstan Temir Zholy, KazAtomProm, Kazakhstan Engineering, Samruk-Energy, KEGOC, KazpPochta, Kazakhstan Development Bank, SK-Farmatsiya, Damu and Samruk-Kazyna Fund," the press-service said.........................................Full Article: Source
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