Kazakh president praises central bank chief

KAZAKHSTAN - President of Kazakhstan Nursultan Nazarbayev has sharply criticized national companies. "National companies have turned into feudal principalities and their leaders into princelings," Nazarbayev told the Cabinet on Thursday. But the president highly praised National Bank Chief Grigory Marchenko.

"The financial system of Kazakhstan has been recognized as the best in the Commonwealth of Independent States and one of the best in Europe. Much credit for this must be given to the National

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