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№20 (205) 24 October - 6 November 2007

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Is it a crisis?
Much attention was focused on approaching crisis? Is our financial industry in a complete mess? World banking systems face a real trouble for the last couple of decades. Is there a possibility that these problems will hit Kazakhstan? Can the depreciation of tenge and slight recession in the housing industry be considered the harbingers of things to come? Many prognoses varying from rosy to dystopian ones have been made, numerous rumors swirled about the state of the domestic banking system. Eventually Nursultan Abishevich had to comment on the situation

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