Kazakhstan's Ministry of Energy and Mineral Resources approved Canada-based Uranium One's acquisition of a 50-percent interest in the Karatau uranium venture from Russia's Atomredmetzoloto (ARMZ).
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Joanna Lillis
As Kazakhstan gears up to chair the Organization for Security and Cooperation in Europe in 2010, Astana is facing criticism over its recent democratization record. Helping to highlight the country's image issue is the question of whether or not President Nursultan Nazarbayev favors a proposal to dispense with elections and become president-for-life.
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London's High Court ruled today (12 November) to maintain a freezing order restricting the assets of BTA Bank's ex-chairman, Mukhtar Ablyazov, and other former managers. Court sessions held on the matter last week shed new light on BTA's old ownership structure and the evidence both sides will rely upon in the multi-billion-dollar fraud case that will follow the asset freeze decision.
By Yulianna Vilkos
London's High Court ruled today (12 November) to maintain a freezing order restricting the assets of BTA Bank's ex-chairman, Mukhtar Ablyazov, and other former managers. Court sessions held on the matter last week shed new light on BTA's old ownership structure and the evidence both sides will rely upon in the multi-billion-dollar fraud case that will follow the asset freeze decision.
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Kazakhstan will not allow foreign investors to take control over key Kazakh banks, President Nursultan Nazarbayev said in a televised question and answer session on Friday.
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The fundamentals for the Kazakh tenge to appreciate are in place, central bank chairman Grigoriy Marchenko said on Wednesday, citing rising oil prices and improving current account.
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By Timur ISAKHANOV
Tolerance — major vitality resource of Kazakhstan has become a subject of testing. The specificity of our country is the high level of tolerance; it's impossible to speak of any normal country development without it. Tolerance is the most important element of state safety for Kazakhstan. Kazakhstani tolerance started to give failures at the very inappropriate moment.
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The arrested Kazatomprom ex president Mukhtar Djakishev, who led the national uranium company, Kazatomprom, for nearly a decade and practically turned it into one of the world leading producers, believes that Russia is obstructing the development of the Kazakh nuclear sector.
