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The value of the assets bought by the Problem Loans Fund (PLF) from BTA Bank has turned out to have been set US $7 bln too high. The authorities have been trying to hide the shocking figure, but the cat is now out of the bag...
As the President’s successor, Dariga Nazarbayeva may please many external players: the Russians, the Americans and perhaps even the Chinese, Russian political expert Andrey Grozin believes. But it is not a sure bet that she will become one. In Moscow, many are betting on Samat Abish as well...
The value of the assets bought by the Problem Loans Fund (PLF) from BTA Bank has turned out to have been set US $7 bln too high. Note that it was the taxpayers’ money that had been spent. The authorities have been trying to hide the shocking figure from the public, but the cat is now out of the bag. The question is who is responsible for this shady deal?
The foreign investors who dare to pour their money into Kazakhstan have become used to the appetites of the local officials. All kinds of "feedbags" given for "fixing a problem" have been the norm for a very long time. However, it is something of a novelty when the state agencies employ fraudulent schemes. As, for instance, is demonstrated by the case of the Ministry for Investment and Development...
Why did the principle “economy first, politics second” not lead to creating developed states in Central Asia? Head of the Kazakhstan International Bureau for Human Rights and Lawfulness Evgeniy Zhovtis reflects upon the problems experienced by the post-Soviet countries after gaining independence...
Kayrat Satybaldy, the nephew of the Kazakh President, seems to have left the bank business. As recently as last year, Kaspi Bank was within the realm of his influence. Now, however, Kayrat Satybaldy is no longer on the list of its shareholders. Why is that so?
Nursultan Nazarbayev’s decision to remove Kalmukhanbet Kasymov from the position of the Minister of Interior and appoint him the Secretary of Security Council has caused a mixed response in the Kazakh society. Meanwhile, we believe that this appointment has its own rationale...
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