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.
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.
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.
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.
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.
"Our independence is our dearest treasure."
- Nursultan Nazarbayev on Dec 11, 2014