Armenia sets an example for Kazakhstan in banking and financial systems, says the Prime Minister of Kazakhstan.

Saimuddin Dustov, director of “Indem” Analytical Foundation, Dushanbe, Tajikistan

Kazakhstan is now facing serious economic and financial problems and problems are piling up. But statements and actions of some Kazakh officials prove that they do not realize how deep the hole is in which they are now.

At the end of last summer Almaty hosted Third summit of foreign ministers of states, taking part at so-called Conference on Interaction and Confidence Building Measures in Asia (CICBMA).

Kubanichbek Omuraliev, deputy Ambassador of Kyrgyzstan in USA. Traffic policemen of Kazakhstan jointly with their colleagues from Kyrgyzstan will patrol a Kyrgyz part of the highway Almaty-Bishkek-Issik-Kul. The press-release of Kazakh MVD of 16 August 2008 informed that this agreement was reached during talks between ministers of home affairs of Kazakhstan and Kyrgyzstan.

Oleg Maslov
On 17 September the head of State Agency for Financial Control of the Republic of Kazakhstan E.Bahmutova informed that Kazakh banks have to pay out $12 billion of foreign credits by 1 September 2009. As of 1 September 2008 the banking sector of the republic was represented by 36 commercial banks.

Imitation of struggle against corruption – “know-how” of the Kazakh authorities in power-struggle and stealing of what left from huge
resources of Kazakhstan

There are 73 prisons in Kazakhstan, including 17 colony-settlements. Most of the places of detention are overcrowded. The total number of the convinced in the Republic of Kazakhstan exceeds 56.000. In 2007 only the number of sentenced increased for 4.300 (Regnum, March 19, 2008).

- 6 out of 10 of Russian-speaking people in Kazakhstan want to leave “the most economically developed and rich country of Central Asia”.

- 9 out of 10 students in Kazakh universities are representatives of autochthonal population, whereas Kazakhs constitutes 5.5 out of 10 of the population.

Banking liquidity crisis in the United States were enough to down two of three leading sectors of Kazakh economy for the count and put the country on the verge of default. It is well known that owing to the global liquidity crisis and reduction of scale of financing at foreign markets, the Kazakh banks’ credit activities have fallen. As a result, a number of international agencies like Fitch and Moody’s reduced the rating of Kazakhstan's liabilities in foreign and local currencies.

Four Years of 10% Economic Growth and the Central Asian “Leader” Got into a Debtor's Prison for a Quarter of a Century.

Professor Stefaan Simons (UCL Chemical Engineering), UCL’s Special Advisor on Kazakhstan and Director of the UCL Centre for CO2 Technology, has been awarded a medal for services to education in Kazakhstan by the Kazakh Minister of Education & Science, Mr Zhanseit Tuimebayev.

Rakhat Aliev was once one of the most powerful and influential people in oil-rich Kazakhstan. But after an Almaty court ruling late on January 15, he's now a fugitive from the law.