Kyrgyzstan to establish state-owned financial holdingA state-owned financial holding company with an authorized capital of 5 billion som ($57.1 million) will be set up in Kyrgyzstan.Kyrgyz Prime Minister Adylbek Kasymaliyev signed the corresponding decree."The State Financial Holding, an open joint-stock company, will be established on the basis of the Finance Ministry's Finance and Credit Fund," the government said in a statement.A joint-stock company is being established to effectively manage state financial assets and mobilize internal resources for investing in the home economy, drawing direct investment for national and public-private projects, and enhancing the efficiency of economic entities with state participation.Under the decree, the State Financial Holding's authorized capital is determined at 5 billion som by issuing and paying for 5 million ordinary registered shares with a par value of 1,000 som each.The Finance Ministry has been instructed to allocate funds totaling 5 billion som by November 1 to form the holding's authorized capital and transfer a land plot in Bishkek as a contribution to the authorized capital. (ICE ALMATY)

Fonte notizia: INTERFAX