Kazakhstan Local Currency Credit Rating Cut to Baa2 by Moody’s

Jonathan Schiffer, a Moody’s vice president: “Shortfalls in government revenues connected with worsening growth prospects may come at a time of increasing stresses in the banking system, as non-performing loans grow rapidly. The government’s financing gap may widen considerably because of overly optimistic forecasts for the budget outcome.’’

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Address by the President of the Republic of Kazakhstan H.E. Mr. Nursultan Nazarbayev to the Nation

We have been able to resist the crises of various scale and scope. As we look back, it was certainly no easy task to build a brand new state for us after the Soviet Union collapsed. Restoring a badly-deteriorated economy, putting it on a new path of development was, in a way, not unlike creating mountains on flat ground.

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President Nursultan Nazarbayev Takes Part in the Flowers Laying Ceremony at the Monument to the Fatherland’s Defenders and Congratulates Veterans on the 64th Anniversary of Victory in the Great Patriotic War

Nursultan Nazarbayev: “Owing to the victory, the people of Kazakhstan live in a free and independent country. Each citizen of Kazakhstan irrespective of his ethnic background has an opportunity to know his own language, culture, to raise children and confidently face the future”.

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