The speaker of Kazakhstan's parliament was sworn in as interim president on Wednesday, a day after longtime leader Nursultan Nazarbayev abruptly resigned.
Nazarbayev surprised many by announcing in a televised address Tuesday that he would step down after nearly 30 years in office that has included the whole of Kazakhstan's time as an independent nation.
The 78-year-old Nazarbayev attended Kassym-Jomart Tokayev's inauguration Wednesday, entering to lengthy applause from assembled dignitaries before taking a seat on a podium behind the lectern where Tokayev gave an address.
Minutes after Tokayev was sworn in, he suggested that the Kazakh capital Astana be renamed Nursultan to honour the outgoing president.
Tokayev in his speech praised Nazarbayev as "an outstanding reformer" who is widely expected to continue to wield influence as chairman of the security council and head of the ruling party.
"Nazarbayev is not stepping down; he is stepping up," Dmitri Trenin, director of the Carnegie Center in Moscow, tweeted.
"He will oversee power transit over the next few years."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
