Standard & Poor’s Ratings Services said on Wednesday it revised downward to Group 9 from Group 8 its Banking Industry Country Risk Assessment (BICRA) on the Republic of Kazakhstan (foreign currency rating BBB-/Stable/A-3, local currency rating BBB/Stable/A-3).
The Almaty Appeals Court has upheld guilty verdicts passed against three Kazakh opposition leaders, RFE/RL's Kazakh Service reports.
By Nariman Gizitdinov
BTA Bank, Kazakhstan’s largest lender, said it may take years to recover some of its assets after previous management fled.
Uncertainty around the bank’s financial situation and the lack of progress in negotiating a restructuring agreement.
By Jason Lewis and Will Stewart
The controversial president of Kazakhstan paid £3million above the market value for Prince Andrew’s Royal residence to persuade him to lobby on his behalf, according to a book by the leader’s former son-in-law.
By Sasha Meyer
Iran keeps making headlines, and some experts say the crackdown there could fuel repression in Central Asia. Stateside, there's a public debate on what to do.