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In a report released in October, Standard & Poor’s said the transparency level is average for the largest public companies and weak for large non-public government-controlled companies.
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In solving of necessary economical problems and implementation of anti-crisis policy it is impossible to forget the perspectives. Kazakhstan needs modernization of economy, establishment and development of new industrial areas, which would cover evident empty spaces in producing structure, taking the republic out of crude economy dependency. This requires attention as late as now, and such measures are to be containing itself as the important part of anti-crisis program.
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Kazkommertsbank (KKB) has repaid a $500-million Eurobond at maturity using its own funds, the bank said in a statement on Tuesday.
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Joshua Kucera
As Kazakhstan prepares to assume the chair of the Organization for Security and Cooperation in Europe, US diplomats are exerting pressure on Astana to enact promised reforms.
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BY JOANNA LILLIS AND DAVID TRILLING
Kazakhstan's port city of Aktau on the Caspian Sea has had some ups and downs in its short history. Founded just half a century ago, it thrived as a center of the Soviet uranium and chemical industries but then plunged into decline amid the economic chaos that accompanied the collapse of Communism. The last decade has seen Aktau reinvent itself as an oil town, and it now figures prominently in President Nursultan Nazarbayev's ambitious development strategy.
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Operating Manual „How to Still $1111111 from the State Treasure”
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BY MORDCHAI SHUALY
Iran's and North Korea's nuclear programs -- not to mention the risk of loose nukes in Russia or Pakistan -- are worrying enough. But a number of other countries are looking to join the nuclear club, with terrifying potential consequences.
