Kazakhstan's parliament is mulling legislative changes that would bestow vast, new powers on the incumbent president, Nursultan Nazarbayev. In addition to granting Nazarbayev the title of "leader of the nation," he would gain the right to intervene in politics after he officially retired from the presidency and would enjoy enhanced immunity from prosecution.
Moody's Investors Service has concluded its review for possible downgrade of six Kazakh financial institutions with the downgrade of the ratings of five financial institutions.
The proposal protects Nazarbaev from any prosecution for criminal wrongdoing
Kyrgyzstan's interim government said Tuesday it had launched a criminal inquiry into firms supplying fuel to the U.S. air base in the Central Asian nation, which prosecutors say belong to the family of its ousted leader.
Bakiyev said Russia is anger over his decision to keep open U.S. air base
Nazarbayev has not identified any potential successors and this issue is the biggest long-term risk
When President Nursultan Nazarbayev proposed drawing up a doctrine to promote national unity, he probably did not expect that he would lift the lid on inter-ethnic tension in Kazakhstan. But that is exactly what happened.
