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Kazakhstan ranks second in CIS in all macro-economic indicators

Business Materials 26 May 2011 17:36 (UTC +04:00)
Kazakhstan ranks the second in the CIS after Russia in all macro-economic indicators, per capita GDP, macro-economic stabilization and attraction of foreign direct investments, Kazakh Economic Minister said.
Kazakhstan ranks second in CIS in all macro-economic indicators

Kazakhstan ranks the second in the CIS after Russia in all macro-economic indicators, per capita GDP, macro-economic stabilization and attraction of foreign direct investments, Kazakh Economic Minister said, Gazeta.kz reported.

Kairat Kelimbetov, Minister of Economic Development and Trade, has made such statement at a roundtable meeting on "Foreign investments to Kazakhstan: experiences, tasks and prospects" held in Almaty today.

The Minister reminded that per capita GDP in Kazakhstan makes USD 10,000 currently.

"The Head of State charged the Government to raise this figure up to USD 15,000 by 2015. None of the CIS states could overcome the crisis as quickly as Kazakhstan. Economic growth in our country made 7%", he noted.

The Minister denied also the speculations on presence of Chinese investors in Kazakhstan. According to him, the geopolitical situation proves that China is turning into the world leader now.

"We must look at the interaction with this country in another way. The cooperation within the SCO aims at ensuring trust among the Organization's member states. In this view Kazakhstan is "doomed" to integrate closely with our neighbors. Those achievements reached by our country in establishment of the Customs Union - is a part of the structural reforms allowing Kazakhstani businessmen closely cooperating with the neighbors and launching export-oriented productions", Kelimbetov added.

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