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Mr Nazarbayev (l) in Brussels on Monday. Global Witness says the 'kleptocratic' administration poses risks for investors (Photo: consilium.europa.eu)

Kazakh 'father-creator' comes technology shopping to EU

Kazakhstan's septuagenerian President Nursultan Nazarbayev has brought over 50 businessmen on a three day visit to the EU that is to see the European Investment Bank (EIB) open a €1.5 billion credit line to help fund technological upgrades.

Kairat Kelimbetov, the chief executive of Samruk-Kazyna, the state-owned firm which owns much of the country's oil, gas, uranium and transport sectors, told EUobserver in a phone interview on Monday (25 October) that the EIB will sign a memorandum of...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Mr Nazarbayev (l) in Brussels on Monday. Global Witness says the 'kleptocratic' administration poses risks for investors (Photo: consilium.europa.eu)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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