Kazakhstan’s Economy Grew 4.4. Percent

The economy of Kazakhstan grew 4.4 percent in the first 11 months of this year. Results of social and economic development as well as state budget were summarized by the Government.

Kazakh Minister of National Economy, Ruslan Dalenov said that the growth recorded was due to an increase in the production in basic industries, development of the services sector and implementation of various investment projects.

Positive dynamics are also observed in the construction, trade, transportation and manufacturing sectors.

“Central and local executive bodies are advised to pay attention to aspects such as implementation of pool of investment projects and usage of new opportunities for small and medium-sized businesses development. Moratorium on the verification of micro and small businesses will enter into force starting next year. In addition, the owners of these businesses will be exempted from tax,” said Kazakh Minister Of National Economy, Ruslan Dalenov.

Photо: primeminister.kz