Baku, Azerbaijan, April 20
By Elena Kosolapova – Trend:
The profits of Kazakhstan’s agricultural producers surged sharply to 84.6 billion tenges (before taxation) (311.46 tenges = $1) in 2016, Energyprom.kz analytical service said in a message.
It is more that the profit of agricultural enterprises of a four year period (2012-2015) when the companies earned 66.1 billion tenges in total. In 2015 large, medium and small agricultural producers made a loss of 25.2 billion tenges.
Agriculture became one of the main contributors to Kazakhstan’s economy growth. Gross agricultural output reached 5.5 percentm, while GDP growth hit 1.3 percent in 2016.
The revenues of agricultural producers increased by 26 percent to 871.8 billion tenges in 2016 compared to 2015.
Kazakh government plans to convert the agrarian sector into a new driver of national economy.
Follow the author on Twitter: @E_Kosolapova