Kazakhstan's banking sector has been shored up by government cash, but this isn't sustainable in the long run. Until new sources of funding can be tapped, the sector is in for a period of stagnation, a new report from Renaissance Capital says.
The presidents of Russia, Kazakhstan and Belarus reached a deal Friday to create a customs union among their three ex-Soviet states from July 1 next year.
On October 29, 2001, while the Taliban's rule over Afghanistan was under assault, the regime's ambassador in Islamabad gave a chaotic press conference in front of several dozen reporters sitting on the grass. On the Taliban diplomat's right sat his interpreter, Ahmad Rateb Popal, a man with an imposing presence. Like the ambassador, Popal wore a black turban, and he had a huge bushy beard. He had a black patch over his right eye socket, a prosthetic left arm and a deformed right hand, the result of injuries from an explosives mishap during an old operation against the Soviets in Kabul.
When Kazakhstan loosing opportunities in oil sector, then it's a matter of corruption; if talking space, then the problem is in incompetence. In addition to all this, there is no system of responsibility for incompetence exists. As an illustration the story with telecommunications satellite can be bring. Money paid, but its wasted, and nobody were punished.
Kazakhstan climbs 25 points to rank 120th in corruption perception index, Transparency International
As reported, Kazakhstan was ranked 84th in 1999, 66th in 2000, 71stin 2001, 100th in 2003, 122nd in 2004, 102nd in 2005, 111th in 2006,150th in 2007 and 145the in 2008.
