Last year's Russian crisis had one unexpected spin-off. For the first time investors started to differentiate between Russian risk and that of Kazakhstan. It was good news for Kazakhstan as Ted Kim reports.
September 1, 1999
Country datafile
President: Nursultan Nazarbayev Prime Minister: Nurlan Balgimbayev (1997) Independence: December 16 1991 Population (12/98): 16.8 million Location/size: Central Asia, bordering the Caspian Sea, Russia, Turkmenistan, Uzbekistan, Kyrgyz Republic, and China/1,049,200 square miles (slightly less than four times the size of Texas) Languages: Kazak official language spoken by over 40% of population, Russian (language of inter-ethnic communication) spoken by two-thirds of population and used in everyday business Ethnic groups: Kazak (41.9%); Russian (37%); Ukrainian (5.2%);
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