Economy

Wealth Gap Widening in Kazakhstan

bednDespite its mineral-led economic boom, the Central Asian nation's development agenda is inchoate—leaving most of the benefits to cities like Astana and Almaty

 

Karachaganak consortium seeks to recover over $1 billion in paid oil export duty

Karachaganak Petroleum Operating (KPO), a joint venture led by British BG Group and Italian Eni, is seeking to recover more than $1 billion in export taxes paid to Kazakhstan, Energy Minister Sauat Mynbayev told reporters on Tuesday.

 

Kazakhstan, Ukraine are big trade finance risks - WTO

wtoThe danger of bank defaults in Kazakhstan and Ukraine poses a risk to trade finance markets, the World Trade Organisation (WTO) said on Tuesday.

 

 

BTA submits restructuring plan to FSA

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.

 

Central Asia’s biggest mall opens in Almaty

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.

 

Wealth Gap Widening in Kazakhstan

Despite its mineral-led economic boom, the Central Asian nation's development agenda is inchoate—leaving most of the benefits to cities like Astana and Almaty

 

Kazakhstan ready to sacrifice growth for stability

Kazakhstan, one of the early victims of the global crisis, is ready to sacrifice future growth rates in favour of stability and will likely keep tight state control over the economy as it recovers.

 

BTA to reduce debt by $8 billion with restructuring

Kazakhstan’s largest bank, BTA, presented a restructuring proposal to investors last week that would allow it to cut its $10.3 billion debt by $8 billion to avoid bankruptcy.

 

 

Kazakh BTA Bank Sues for Millions, Gets Boxer Shorts in

altLawsuits filed by state-controlled BTA Bank, Kazakhstan’s largest lender, to recover 917 million tenge ($6 million) from a newspaper and a charity have so far yielded nothing but seven pairs of boxer shorts.

 

 

Foreign investors remain sceptical about Kazakhstan

Kazakhstan-focused funds suffered big losses over the past year. But even with stock prices now rebounding, it’s proving difficult to attract international investors, who remain sceptical about the country’s prospects.

 

 

Kazakhstan: Nervous authorities keep election observers at arm’s length

Kazakhstan: Nervous authorities keep election observers at arm’s length

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Central Asian Economies: Thirty Years After Dissolution of the Soviet Union

Central Asian Economies: Thirty Years After Dissolution of the Soviet Union

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Europe’s weak protections for refugees leave Central Asian dissidents at extreme risk

Europe’s weak protections for refugees leave Central Asian dissidents at extreme risk

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