Most economies are failing to provide the conditions in which their citizens can thrive, said the World Economic Forum on releasing its new social mobility index.
Investigators claim he developed complex schemes aimed at financing investment projects in Russia, enabling him to systematically embezzle funds of Kazakhstan’s BTA Bank.
In 1991 the Soviet Union broke apart and created 15 independent countries. But over the last three decades, while these countries are politically independent, the economies of Russia, Ukraine, Belarus and Kazakhstan (KRUB) remain joined at the hip.
Country’s new leader Tokayev has introduced spending and reforms after a first year marred by unrest on the streets. Behind-the-scenes power dynamics remain in flux. Drive to expand non-oil growth continues.
Officials act amid market uncertainty after hired advisers say they should wait on valuations to improve.