Economy

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Drift and dissent. So much for Nursultan Nazarbayev’s “Kazakh dream”

nazdrimNot long ago it all looked so much better: oil prices were high, the middle classes were growing and the autocrat-father of the state, Nursultan Nazarbayev, presided over 17m grateful subjects. Yet today the situation in Kazakhstan looks more troubling than at any time since the country broke free of the Soviet Union to become, against the odds, Central Asia’s most prosperous state. To many, Mr Nazarbayev’s promise of a “Kazakh dream” now seems like a sick joke.

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U.S. Policy Toward Central Asia 3.0

CentralAsiaMapMajor geopolitical shifts and internal dynamics are setting the stage for possible increased great-power competition in Central Asia between Russia and China at a time when the region is becoming less hospitable to the projection of U.S. power and to the promotion of democracy. U.S. policy will need to adapt to these changes in order to bring Washington’s ambitions in Central Asia into better alignment with limited U.S. interests and means.

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Kazakhstan’s Ever Shrinking Space for Dissent

nazdipTwo activists were recently jailed for “inciting national discord.”

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In Central Asia, Chinese inroads in Russia’s back yard

chkazakhThis is part of an occasional series examining China’s efforts to win friends and clients in Asia and to assert a more dominant role across the continent.

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Kazakhstan Looks to Private Equity for Help With Its $93 Billion Cash Pile

astanapoliceKKR & Co. founder Henry Kravis, Blackstone Group LP Chairman Stephen Schwarzman and Carlyle Group co-founder David Rubenstein were among the guests when Kazakhstan President Nursultan Nazarbayev hosted a dinner in New York.

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China and Kazakhstan: Roads, Belts, Paths, and Steps

chinkazakhKazakh Prime Minister Karim Massimov made the most of his trip to China this week. While in China Massimov attended the Kazakh-Chinese Business Council (KCBC) in Beijing, where a handful of commercial deals were made. He also met with his Chinese counterpart, Li Keqiang, to settle a variety of bilateral deals.

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Kazakhstan, struggling with low oil price, revamps monetary policy

astanavKazakhstan said on Tuesday it would tear up its monetary policy mechanism and come up with a new approach, scrambling to find a coherent response to the sliding world oil prices that have pushed down its national currency.

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Kazakhstan Wants to Build You an Armored Vehicle. It’s not clear whether there are any takers yet.

themaverickIn December Kazakhstan Paramount Engineering (KPE), a joint venture between South Africa’s Paramount Group and Kazakhstan Engineering, began production at a facility to build armored vehicles in Kazakhstan.

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Kazakhstan Passes New Labor Law Without Consulting Workers

laborlawHard times need hard labor laws. At least that is what Kazakhstan has decided. This week, President Nursultan Nazarbayev signed off on legislation that stacks the cards more strongly in favor of employers.

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An Overview of Central Asian Markets on the Silk Road Economic Belt

centaziaCentral Asian countries (CACs), consisting of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan, are not yet key export markets or investment destinations for Hong Kong companies, but they are playing an increasingly pivotal role in the China-Central Asia-West Asia Economic Corridor.

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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