Economy

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Watching and waiting in Kazakhstan's crisis-hit banking sector.

As Kazakhstan enters its third year of crisis, the long-awaited clarity about BTA Bank and Alliance Bank's restructuring is imminent. Kazakhstan's two other "Big 4" lenders - Kazkommertsbank and Halyk Bank - appear to be stable, but for the sector as a whole the growing burden of problem loans means that things could still get worse before they get better.

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Turkmenistan signs landmark gas exploration deal.

Turkmenistan has signed a landmark deal granting Caspian Sea gas exploration and extraction rights to a member of the Nabucco pipeline consortium, state media reported.

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Kazakhstan central bank grapples with CDS headache

Astana, the capital of Kazakhstan, lies thousands of miles from London’s trading rooms – let alone the political lobbyists in Washington. This summer, however, Grigori Marchenko, the Kazakh central bank governor, has reason to follow the US and UK debate about the future of credit derivatives with particular interest.

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FW: ATF Kazakhstan CEO Says Bankers Dismissed Devaluation 'Panic'

ATF Bank, a unit of UniCredit SpA, dismissed accusations from the central bank that managers may have contributed to speculation of a devaluation in the tenge by advising clients to buy dollars.
Experts of the Committee against Torture Commend Kazakhstan for Enhanced Legislation

Experts of the Committee against Torture Commend Kazakhstan for Enhanced Legislation

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Kazakh official: Not the time to resolve differences through war

Kazakh official: Not the time to resolve differences through war

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Oil majors sued by Kazakh government over billions in revenue

Oil majors sued by Kazakh government over billions in revenue

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