When Bulat Utemuratov’s boss told him to go to Europe and open the first trading house for their newly independent Kazakhstan, his reaction was pure Soviet. “Oh no, They want to exile me,” Utemuratov remembers thinking with alarm.
Kazakh President Nursultan Nazarbayev urged metals and oil producers such as Kazakhmys Plc and Glencore Xtrata Plc’s Kazzinc to increase salaries by 10 percent after the tenge was devalued this week.
Kazakh President Nursultan Nazarbayev picked his chief of staff and former premier for the country’s second-most powerful post after Prime Minster Serik Akhmetov resigned 18 months into the job.
Kazakhs voted today in an election that is set to extend President Nursultan Nazarbayev ’s two- decade rule in central Asia's biggest energy producer.
Kazakh President Nursultan Nazarbayev’s reported hospitalization in Germany is stoking concern about a succession in central Asia’s biggest energy producer, which he has ruled since 1989.
Kazakhstan’s President Nursultan Nazarbayev , who has ruled the former Soviet republic since 1989, will continue to dictate policy even after his retirement under bills passed by parliament.
Kazakhstan is providing 500 billion tenge ($2.7 billion) tapped from its oil fund to attract co- financing from international lenders for an economic overhaul.
"The world, which barely survived the worst economic crisis, can again dive into recession."
- Nursultan Nazarbayev on May 23, 2014