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Five joint-stock companies recognized as unprofitable in 2017

Summarizing the results of 2017, at least 5 out of 29 joint-stock companies with state-owned shares did not make a profit. Chairman of the State Property Management Fund, Renat Tuleberdiev, said at a meeting of the parliamentary faction Respublika — Ata Jurt today.

According to him, there are 1,130 state enterprises. Only 98 of them operate, and 780 are registered, but do not exist de facto.

«A bill on trust management of state property has been developed. We are also introducing a new code on corporate governance. Work to revalue state property is underway,» the Chairman of the Fund said.

The faction considers the effectiveness of management of state enterprises, joint-stock companies with state participation and nationalized facilities.