UNISTREAM to come to the Kazakhstan market

16.10.2006

The leadership of the international money  transfers system UNISTREAM has officially announced that the company is  planning to enter Kazakhstan  market in the end of 2006 – beginning 2007.
“We consider Kazakh market as one of the  most promising market in the CIS. The Kazakh government has managed to reach  significant results realization of large oil-gas projects, reforming of the  state and banking sectors. The republic features permanent and stable GDP  growth and we believe it is the right moment to enter the Kazakh market,” CEO  for the UNISTREAM, Souren Hayriyan said.
He also added that currently the experts of  UNISTREAM estimate the Kazakh market potential at $3 billion and UNISTREAM  plans to reach a 25 percent market share in Kazakhstan.
“At the moment we have completed the first  stage of the program targeted at out our Kazakh campaign. The first stage  included marketing research and developing the strategies with the accent of  the local features. We aim to hold talks with the leading Kazakh banking  institutions soon and expect the first money transfers will start at the end  2006 – beginning 2007.
The UNISTREAM system demonstrated a $750  million amount of transactions in 2005 and aims to reach a $2 billion turnover in  2006. The system has over 200 partnership agreements signed globally.



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