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Studies & Opinions
Middle East, Africa
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Bankruptcy 'only option' for Russia's Transaero airline: minister
Bankruptcy is the only solution for Russia's second largest airline Transaero after state-controlled Aeroflot backed out of purchasing the debt-laden carrier.
Rapper 50 Cent says he's broke after losing lawsuit
The rapper known for the album and movie "Get Rich or Die Tryin'," filed for bankruptcy protection as he faced a hefty payout in a lawsuit related to a sex tape.
Deflated Bulgarian strongman vows to form government
Bulgarian strongman Boyko Borisov said he would try to form a government and avoid national "bankruptcy" after his right-wing party came first in elections.
President Nazarbayev suggests introducing individual bankruptcy procedures
According to him, there is no place for those willing to live at the state’s expense. If someone fails to pay off his or her debts, foreclosure procedures should be applied.
Banks can't hold SMS-misinformers liable: lawyer
Banks won't be able to bring the ones who were distributing misinformation about bankruptcy of 3 Kazakhstan banks to criminal liability.
Turkey considers compensating Kazakhstan for spoilt vacation
The Turkish government is ready to consider Kazakhstan’s claims against Turkish Qualitum Tour company.
Kazakhstan considers Personal Bankruptcy law
Kazakhstan is considering adopting a personal bankruptcy law.
Detroit becomes largest US city to file for bankruptcy
Detroit on Thursday became the largest city in US history to file for bankruptcy protection after decades of decline and mismanagement rendered the home of the nation's auto industry insolvent.
Turkish Pegasus to bring Kazakhstan tourists from Turkey
169 Kazakhstan tourists who are stuck in Antalya because of Sky Airlines bankruptcy will be transported to Aktobe by Turkish Pegasus.
Airline bancruptcy gives extra vacation days to 1,000 Kazakhstan tourists in Turkey
Around 1,000 Kazakhstan citizens cannot leave Antalya, Turkey, because of the Turkish air company's bankruptcy.
American Airlines, US Airways merger approved
A US bankruptcy court judge approved Wednesday the merger of American Airlines and US Airways, which will create the country's largest airline.
China solar giant Suntech falls back to Earth
China's Suntech has made a painful journey from being the world's largest solar panel producer to flirting with bankruptcy in just a year, highlighting the woes of the industry it shaped.
Cyprus president in desperate bid to prevent run on banks
Cypriot President Nicos Anastasiades will on Monday attempt to persuade lawmakers to back an EU bailout deal that slaps a levy on bank savings, amid fears of a run on accounts if he fails.
Former flagman of Kazakhstan's fish industry went bankrupt
Specialized interregional economic court of Atyrau oblast declared Kazakhstan's AtyrauBalyk bankrupt.
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