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Tuesday, September 22nd, 2020

MNE of Kazakhstan continues the growth of GDP in Kazakhstan

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by October 25, 2016 Key Issues

“According to preliminary estimates, the GDP growth amounted to 0.4% in January-September 2016 to the corresponding period of 2015. Production of goods increased by 0.2%, services – by 0.4%. Since May of this year, short-term economic indicators, including the dynamics of the 6 key industries started to gradually improve,” Minister said.
According to him, against the backdrop of slowing inflation since the beginning of this year, NBK gradually reduced its key interest rate from 17% in February to 12.5% in early October.
“The volume of investment in fixed assets increased by 4.1%, growth is driven by the realization of industrial-innovative and infrastructural projects within “Nurly Zhol” and” SPIID” state programs. For 6 months of 2016, the volume of foreign direct investments into the economy of Kazakhstan increased and reached 5.7 billion dollars, 4.4 times higher than last year’s level,” Minister said.
He noted that a significant industry investment growth is observed in agriculture, trade, manufacturing, as well as in financial and insurance activities.

Source: The Prime Minister of Kazakhstan

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