Press release

Aidar Arifkhanov, Chairman of the Board of Baiterek NMH JSC, held a live broadcast, which was available in official accounts on Facebook, YouTube and Instagram.

Aidar Arifkhanov, Chairman of the Board of Baiterek NMH JSC, held a live broadcast, which was available in official accounts on Facebook, YouTube and Instagram.

 

One of the subjects covered during the broadcast is an increase of export capacity. Aidar Arifkhanov noted that a specialized institute, the Export Insurance Company KazakhExport, operates in the direction under the Holding, which has 14 instruments to support domestic exporters.

 “Throughout the period of work as a part of Baiterek Holding, KazakhExport has turned from a small company into a full-fledged national company. Due to capitalization of KZT 90.9 billion, KazakhExport increased insurance capacity. In addition, in December 2019, the Government provided a state guarantee in the amount of KZT 102 billion for 10 years for KazakhExport obligations”, the speaker noted.

Since the beginning of this year, KazakhExport has supported 46 Kazakhstani exporters, more than 20 companies of which received support for more than KZT 7 billion during the emergency regime period. The volume of obligations assumed by the Company since the beginning of the year amounted to KZT 23 billion, the value of supported contracts for the 1st quarter of 2020 exceeded KZT 90.5 billion. 

This year, for the first time, such companies as Fidelis Global LLP, specializing in the production and sale of pipes and fittings, and Novus Polymer LLP, the largest company in plastic extrusion and foundry, applied the support tools of KazakhExport. They were provided with insurance coverage for the financing bank as part of the Loan Insurance Tool. 

Among the supported projects there are food manufacturers. For the first time, CG FOOD Central Asia LLP used the tools of our subsidiary. It is part of the large international corporation CG Corp Global LLP, consisting of 122 companies with 76 representative offices in different countries.

The total number of supported exporters, starting from 2017, that is, since the reorganization, is 113 domestic companies.

 

Aidar Arifkhanov also answered questions that were sent to iconference@baiterek.gov.kz  and the social networks during the past week, as well as questions from the audience during the “live broadcast”. In total, 15 questions were received to these contacts.

WATCH A FULL VERSION OF “LIVE BROADCAST” AT THE FOLLOWING LINK>>

 

https://www.youtube.com/watch?v=wL9eQZZKIgc