The danger of bank defaults in Kazakhstan and Ukraine poses a risk to trade finance markets, the World Trade Organisation (WTO) said on Tuesday.
Central Asia is located on the Silk Road, where numerous ethnic groups characterised by different languages and historical modes of subsistence co-exist. These include the Tajik populations, who speak an Indo-Iranian language and are sedentary agriculturalists, and several Turkic populations, who speak an Altaic language and are traditionally nomadic herders.
On a snowy day in December 1993, just months after Andy Weber began his diplomatic job at the U.S. Embassy in Almaty, Kazakhstan, he met with a tall, bullet-headed man he knew only as Col. Korbator. (photo: Andy Weber is shown at the metal plant in Ust-Kamenogorsk, Kazakhstan, in 1994 during Project Sapphire.)
BTA Bank has reportedly submitted its restructuring plan to Kazakhstan’s Financial Supervision Agency (FSA) on Friday, the bank said without providing further details. The FSA confirmed the receipt of the plan.
International retailers have been slow to come to Kazakhstan, but that is set to change with the opening of Central Asia’s largest mall in mid-September.
The Organization for Security and Cooperation in Europe (OSCE) has urged Kazakhstan to ensure a fair appeal trial for a human rights activist jailed in a case he has called politically motivated.
The progressive megalomania of Nursultan Nazarbayev, presiden of Kazakhstan, keeps having the people in our country dazed. The international community is amused by his desire to exalt his own "Me" against the backdrop of the socio-economic sphere in the country that outstripped its critical stage as well as the intensifying impoverishment of the nation. An ordinary person feels ashamed of this president by right!
