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Economic Development Minister Alexei Ulyukayev. ©RIA Novosti
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.

Bankruptcy 'only option' for Russia's Transaero airline: minister
Rapper 50 Cent says he's broke after losing lawsuit
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.

Rapper 50 Cent says he's broke after losing lawsuit
Deflated Bulgarian strongman vows to form government
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.

Deflated Bulgarian strongman vows to form government
Photo courtesy of  top68.ru
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.

President Nazarbayev suggests introducing individual bankruptcy procedures
Banks can't hold SMS-misinformers liable: lawyer
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.

Banks can't hold SMS-misinformers liable: lawyer
Photo a courtesy of wikimedia.org
Turkey considers compensating Kazakhstan for spoilt vacation

The Turkish government is ready to consider Kazakhstan’s claims against Turkish Qualitum Tour company.

Turkey considers compensating Kazakhstan for spoilt vacation
Photo courtesy spb.aif.ru
Kazakhstan considers Personal Bankruptcy law

Kazakhstan is considering adopting a personal bankruptcy law.

Kazakhstan considers Personal Bankruptcy law
Detroit becomes largest US city to file for bankruptcy
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.

Detroit becomes largest US city to file for bankruptcy
Tourists at registration desks in Antalya. ©REUTERS
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.

Turkish Pegasus to bring Kazakhstan tourists from Turkey
Tengrinews.kz photo
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.

Airline bancruptcy gives extra vacation days to 1,000 Kazakhstan tourists in Turkey
American Airlines, US Airways merger approved
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.

American Airlines, US Airways merger approved
China solar giant Suntech falls back to Earth
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.

China solar giant Suntech falls back to Earth
Cyprus president in desperate bid to prevent run on banks
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.

Cyprus president in desperate bid to prevent run on banks
Photo courtesy of azh.kz
Former flagman of Kazakhstan's fish industry went bankrupt

Specialized interregional economic court of Atyrau oblast declared Kazakhstan's AtyrauBalyk bankrupt.

Former flagman of Kazakhstan's fish industry went bankrupt

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