In December Kazakhstan Paramount Engineering (KPE), a joint venture between South Africa’s Paramount Group and Kazakhstan Engineering, began production at a facility to build armored vehicles in Kazakhstan.
Losing control of an $18 billion pension fund may give the Kazakh central bank the independence it needs to stick with a shift to inflation targeting that’s upended the nation’s currency this year.
Kazakhstan has issued a diplomatic call for restraint from its allies Russia and Turkey following Ankara’s shooting down of a Russian warplane involved in airstrikes on Syria.
Hard times need hard labor laws. At least that is what Kazakhstan has decided. This week, President Nursultan Nazarbayev signed off on legislation that stacks the cards more strongly in favor of employers.
VimpelCom Ltd., a mobile operator partly owned by Mikhail Fridman and other Russian billionaires, is in talks to pay about $775 million -- a near record -- to settle U.S. allegations it paid bribes in Uzbekistan to win business, according to three people familiar with the matter.
US authorities are considering a probe into TeliaSonera’s operations in other Eurasian countries, building on an ongoing investigation over alleged corruption in Uzbekistan.
When the first flames of the Arab Spring began to burn, a Tunisia suffering from decades of mismanagement, inequality and abuse broke free from under the long reign of Zine Al-Abidine Ben Ali.
