Almaty, 16 October 1996 (RFE/RL) -- Kazakhstan's government has held a special session to review the results of its work over the last nine months.
Yesterday's session heard reports of wage and pension arrears amounting to billions of dollars, a significant shortfall in tax collections, and large losses resulting from a number of bankruptcies among state-owned enterprises.
Our Almaty correspondents have reported famine conditions in areas of Kazakhstan, along with energy shortages, but President Nursultant Nazarbayev yesterday said preparations for winter are on schedule. Almaty's heating system is scheduled to be switched on tomorrow.
Bank Failure Commission Alleges Bank Mismanagement
A special commission investigating the failure of one of Kazakhstan's biggest banks, the Kramds Bank, has revealed new allegations of mismanagement. The commission yesteday said some companies led by relatives and close friends of the bank's managers received interest-free loans from the bank. Bank managers are also accused of failing to alert authorities to the bank's serious cash shortage.