ENRC likely to participate in people's IPO program

ASTANA. March 5. KAZINFORM /Maria Peshkova/ Eurasian Natural Resources Corporation is ready to participate in the program of initial public offering, Zaure Zaurbekova, ENRC Chief Financial Officer, said at the 1st Congress of Women of Kazakhstan, which took place at the Palace of Independence in Astana on Saturday.

Mrs. Zaurbekova noted that with average GDP growth rate around 8.5 % since 2000 Kazakhstan has been ranking among the fastest growing economies of the world. "Gross inflow of foreign investment to Kazakhstan has made USD 122 billion over 10 years. Foreign experts praise the Kazakh Government's anti-recessionary measures aimed at preserving jobs. Despite the reduction of investment activity due to the world economic crisis, Kazakhstan continues investing in industrial development within the framework of the State Program of Accelerated Industrial Innovative Development," she said.

According to Z. Zaurbekova, another important factor of successful economic development is the Kazakh program of competitive personnel training covering about 20 thousand people annually.

Zaure Zaurbekova ended her speech saying that ENRC was considering an opportunity to take part in the Kazakhstan's program of national companies' shares offering to the public.