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Kazakhstan’s economy on the rebound

31 march 2011, 14:27
Timur Suleimenov. By Yaroslav Radlovsky©
Timur Suleimenov. By Yaroslav Radlovsky©
Kazakhstan’s economy has overcome the repercussions of the global financial crisis, announced Timur Suleimenov, Vice Minister of Economic Development and Trade, when speaking at a round-table discussion in Moscow focused on post-crisis development of the Customs Union member states, Tengrinews.kz reports, citing the web site of the Kazakhstan’s Government.

“This can be seen from 2010 GDP growing by 7% to reach $ 140 billion. It is a sign of healthy growth (…)”, he said.

“Back at the start of 2009 unemployment stood at 6.5%, but at the start of 2010 the figure was reduced to 5.5% (…) Besides, foreign turnover standing at $ 90 billion instills hope, showing the country’s involvement into the global economy”, Mr. Suleimenov stressed.

“To sum up, Kazakhstan made a significant success and its economy is on the rebound”, he summarized.

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