The creditors of Alliance Bank, Kazakhstan's second-largest lender to default this year, voted to approve a plan to restructure KZT677 billion ($4.5 billion) of debt.
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Joanna Lillis
Kazakhstan's anti-corruption campaign made some progress in 2009, underscored by Astana's ability to move up 25 places on Transparency International's Corruption Perceptions Index of corrupt states to 120th this year. However, some observers are questioning whether there is more to efforts aimed at curbing graft than meets the eye.
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Another anniversary of Kazakhstani independency is a reason to look back on the distance covered. In some ways it appeared to be extensively hard, and in another a blind Fortune hugged the republic so strong, that blindness had passed to it. Nevertheless, never ending despite various challenges, but country is continuing its way, choosing the most adequate and optimal routes.
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By Marat Gurt
Central Asia welcomed China's foray into their energy-rich region on Sunday as Chinese leader Hu Jintao prepared to open a new pipeline connecting a Turkmen gas field with China's restive Xinjiang region.
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BG Group and Eni, the two oil companies operating the giant Karachaganak gas condensate field in western Kazakhstan, are in talks to sell a stake in the project to the Kazakh government, Bloomberg reported on Friday.
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By Marat Gurt
China's President Hu Jintao opened a pipeline linking a gas field in Turkmenistan with his country's Xinjiang region on Monday, extending Beijing's reach into Central Asia's natural resources.
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By Olzhas Auyezov
The United States urged Kazakhstan on Monday to use its chairmanship of Europe's main rights and security watchdog to improve its own record.
