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Kazakhstan GNP - one of fastest growing parameters in the world for last 7 years - Nazarbayev

Astana. December 21. Kazakhstan Today - Kazakhstan GNP - one of the fastest growing parameters in the world for the last 7 years, the President of Kazakhstan Nursultan Nazarbayev stated in Moscow giving speech in the Moscow State Institute of International Relations of the Ministry of Foreign Affairs of Russia, the agency reports referring to the president's press service. "By the main parameters of economic, social development and standard of living of the population Kazakhstan occupies today leading position among CIS countries and continues to develop at high rates. For the last seven years internal total product of the country, 4/5, which is a private sector, has grown twice. Kazakhstan' GNP - one of the fastest growing parameters in the world for the last 7 years. Within the nearest three years its average growth will be kept at the level of 8.5 % that will allow to solve a strategic problem of doubling GNP in 2008 in relation to 2000," N. Nazarbayev noted. He emphasized "direct foreign investments from 60 countries of the world into the economy of Kazakhstan have reached $70 billion." "It is about 80 % of all direct foreign investments into the countries of Central Asia and about 10 % received by the CIS countries in aggregate. The share of investments from EU makes 53 % of the total amount," the President of Kazakhstan emphasized. The President emphasized that Kazakhstan is successfully integrated into the world economy. "In 1993 foreign trade turnover made $4.9 billion and in 2007 is expected to reach $80 billion," he informed.

Resourse: Kazakhstan Today

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