Kazakhstan models strategy of “systemic eradication” of monopolies

On April 18, President of Kazakhstan Kassym-Zhomart Tokayev held a working meeting with Chairman of the Agency for Protection and Development of Competition Serik Zhumangarin, who reported on the progress on demonopolisation of the national economy, the press office of the President reported.

Zhumangarin reported on the results of inspections of the liquefied petroleum gas wholesale suppliers carried out jointly with the supervisory authority which revealed violations in the amount of 5.5 billion tenge. 193 automobile gas retail outlets were fined. 103 million tenge were confiscated.

The official reported on the ongoing investigations of Eurotransit Nur Zholy LLP, Kazphosphate LLP, Kazakhmys Corporation and Kaskor-Transservice JSC. Potential violations of the antimonopoly code by the enterprises under NC KTZ JSC, Kazakhtelecom JSC, KTG Aimak JSC and Transtelecom JSC, as well as information about violations in leasing services by trade markets are being investigated.

The Chairman of the Agency presented the proposals on demonopolization of the main markets to the President for review and reported on the progress on drafting the Concept for Competition Development for 2022-2026 aimed at creating a healthy competitive environment.

The President tasked the Agency to continue working towards combating monopolies and strictly control the effective implementation of this work.

20 апр 2022, 11:50

Kassym-Zhomart Tokayev

Photo source: akorda.kz

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