Kazakhstan's state-run "bad bank" will buy 2.4 trillion tenge ($7.5 billion) of bad loans from Kazkommertsbank, the country's biggest lender by assets, paving the way for a takeover by its closest rival, the central bank said on Wednesday.
The agreement to start the Foundation emerged in 2007 after more than two years of discussion between the Governments of the United States, Switzerland and Kazakhstan (known as “the Parties”) about the disposition of $84 million, plus interest, that had been frozen in a Swiss account since 1999.
Kazakhstan’s renewed efforts against corruption might mask a strategy aimed to silence opposition figures and activists.
Kazakhstan’s Football Federation has a new vice president with a familiar sounding surname — Aisultan Nazarbayev.
A Ukrainian lawmaker who met with associates of President Trump about a possible peace deal is now facing a treason investigation.
Lawyers for the family of Rakhat Aliyev -- the late former lieutenant and son-in-law of Kazakh President Nursultan Nazarbaev -- say they still believe he was murdered in an Austrian prison and will continue to push for an investigation despite the Vienna prosecutor's fresh finding that it was a suicide.
Authorities in Kazakhstan should immediately release Zhanbolat Mamay, editor of the independent newspaper Sayasi kalam/Tribuna, the Committee to Protect Journalists said on February 13.
On the eve of another sham election, Turkmenistan’s rulers aren’t taking the need for change seriously. Have they begun to believe their own propaganda?
Moody's Investors Service's negative outlook on Kazakhstan's banking sector reflects the rating agency's expectation that banks will continue to face solvency risks amid a challenging business environment.
Kazakhstan, over the past few years, has filed repeated lawsuits with American courts against opposition actors.
