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.’’

» Read more

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.

» Read more
1 296 297 298