Kazakhstan should not count on traditional economic growth drivers to rescue its struggling oil-based economy, but must carry out structural reforms to compete with regional rival Uzbekistan.
The Kazakh president's constitutional proposals have sparked speculation about the real purpose of such reforms.
While the sovereign issue did help Kazakh corporate bonds already in circulation in London and elsewhere, its impact on new corporate bond issuance was limited due to the poor domestic and global economic climate.
Fintech start-ups are flourishing across Central and Eastern Europe, from Russia to Turkey, though Poland is probably the furthest ahead in establishing itself as the most important regional hub.
Nazarbayev on January 26 unveiled a set of draft constitutional changes that the elderly leader says will deliver “a serious redistribution of powers and democratisation of the political system as a whole”.
The warring parties have agreed to participate in a further round of negotiations to be held in Geneva on February 8.
Kazakhstan has good relations with all participants but is likely to help sway the talks in Russia's favour.
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