The World News AM
Sunday, May 18, 2025
  • Login
  • Home
  • World
    • Asia
    • South Asia
      • Afghanistan
      • Pakistan
      • India
      • Sri Lanka
    • Central Asia
      • Azerbaijan
      • Kazakhstan
      • Russia
      • Tajikistan
      • Turkmenistan
      • Uzbekistan
    • East Asia
      • China
      • Japan
      • South Korea
    • SouthEastAsia
      • Indonesia
      • Malaysia
      • Thailand
      • Vietnam
    • Africa
      • Ethiopia
      • Ghana
      • Libya
      • Zimbabwe
    • Europe
      • France
      • Italy
      • Germany
      • Spain
      • Sweden
      • Switzerland
      • Turkiye
      • Ukraine
      • United Kingdom
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Argentina
      • Brazil
    • Oceania
      • Australia
      • New Zeland
  • Gulf
    • UAE
    • Iran
    • Kuwait
    • Oman
    • Qatar
    • Bahrain
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us
No Result
View All Result
  • Home
  • World
    • Asia
    • South Asia
      • Afghanistan
      • Pakistan
      • India
      • Sri Lanka
    • Central Asia
      • Azerbaijan
      • Kazakhstan
      • Russia
      • Tajikistan
      • Turkmenistan
      • Uzbekistan
    • East Asia
      • China
      • Japan
      • South Korea
    • SouthEastAsia
      • Indonesia
      • Malaysia
      • Thailand
      • Vietnam
    • Africa
      • Ethiopia
      • Ghana
      • Libya
      • Zimbabwe
    • Europe
      • France
      • Italy
      • Germany
      • Spain
      • Sweden
      • Switzerland
      • Turkiye
      • Ukraine
      • United Kingdom
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Argentina
      • Brazil
    • Oceania
      • Australia
      • New Zeland
  • Gulf
    • UAE
    • Iran
    • Kuwait
    • Oman
    • Qatar
    • Bahrain
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us
No Result
View All Result
The World News AM
No Result
View All Result
Home Kazakhstan

Kazakhstan’s Economic Growth to Reach 5% at Year-End

WNAM: by WNAM:
December 19, 2023
in Kazakhstan
0
Kazakhstan’s Economic Growth to Reach 5% at Year-End
0
SHARES
16
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

(WNAM Monitoring): Having successfully adapted to external conditions, Kazakhstan’s economy showed sustainable growth of 4.9% in January-November from a 2.7% indicator in 2022.

“Overall, GDP per capita increased from $11,500 to $13,300,” Kuantyrov added.

Measures envisaging 90 operational and medium-term steps made it possible to lower inflation from 20.3% in December 2022 to 10.3% in November.

Fixed asset investments grew 14.6% to over 15 trillion tenge ($32.7 billion).

Kazakhstan exported goods worth $65 billion this year, with processed goods accounting for $21 billion. Imports totaled $49 billion. The positive trade balance exceeded $15 billion.

The country attracted $13.3 billion of foreign direct investment in the first six months, planning to bring this figure to nearly $27 billion by the end of the year.

All sectors of the economy launched 210 new investment projects worth 967.7 billion tenge ($2.1 billion), creating 19,500 jobs. Another 291 projects valued at 1.6 trillion tenge ($3.4 billion) are expected to be commissioned by year-end.

Focusing on the business climate, Kazakhstan introduced additional mechanisms for investment agreements on individual terms with large investors. As such, the stability of tax legislation is guaranteed for ten years when concluding an Agreement on Investment Obligations.

The government eliminated 10,000 unnecessary requirements for businesses and is set to reduce the number of business inspections twofold by 2024.

State support for small and medium-sized businesses (SMEs) increased from 209 ($455.6 million) to 288 billion tenge ($627.8 million). The share of SMEs in Kazakhstan’s GDP reached 36.4%.

ShareTweetShare
WNAM:

WNAM:

Related Posts

From Silk to Solar: Kazakhstan’s Best on Display

From Silk to Solar: Kazakhstan’s Best on Display

by WNAM:
May 18, 2025
0

WNAM MONITORING: ASTANA — More than 350 Kazakh companies from across the country display thousands of locally made products from...

Kazakhstan Ranks Among World’s Top 10 Sunflower Oil Exporters for First Time

Kazakhstan Ranks Among World’s Top 10 Sunflower Oil Exporters for First Time

by WNAM:
May 17, 2025
0

ASTANA (WNAM MONITORING): For the first time, Kazakhstan has entered the top 10 largest exporters of sunflower oil worldwide, taking...

Kazakhstan starts implementing 2nd phase of North Aral Sea conservation project

Kazakhstan starts implementing 2nd phase of North Aral Sea conservation project

by WNAM:
May 16, 2025
0

WNAM REPORT: Kazakhstan and the World Bank have discussed the implementation of the second phase of the North Aral Sea...

Astana to Host Regional Climate Summit 2026 as Central Asia Unites for Climate Action

Astana to Host Regional Climate Summit 2026 as Central Asia Unites for Climate Action

by WNAM:
May 16, 2025
0

ASTANA ( WNAM MONITORING ):  The Kazakh capital is set to host the Regional Climate Summit 2026 (RCS 2026), a...

Kazakhstan, OSCE seek greater economic and environmental cooperation

Kazakhstan, OSCE seek greater economic and environmental cooperation

by WNAM:
May 15, 2025
0

WNAM REPORT: Deputy Minister of Foreign Affairs of Kazakhstan Roman Vassilenko held a meeting with OSCE Coordinator of Economic and...

Next Post
Uzbekistan-Qatar: On path to steadily enhancing interaction

Uzbekistan-Qatar: On path to steadily enhancing interaction

Israel strikes Rafah houses, at least 20 killed

Israel strikes Rafah houses, at least 20 killed

  • Home
  • World
  • Gulf
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us

© 2023 The World News AM - Develope and maintain by Skyhost.

No Result
View All Result
  • Home
  • World
    • Asia
    • South Asia
      • Afghanistan
      • Pakistan
      • India
      • Sri Lanka
    • Central Asia
      • Azerbaijan
      • Kazakhstan
      • Russia
      • Tajikistan
      • Turkmenistan
      • Uzbekistan
    • East Asia
      • China
      • Japan
      • South Korea
    • SouthEastAsia
      • Indonesia
      • Malaysia
      • Thailand
      • Vietnam
    • Africa
      • Ethiopia
      • Ghana
      • Libya
      • Zimbabwe
    • Europe
      • France
      • Italy
      • Germany
      • Spain
      • Sweden
      • Switzerland
      • Turkiye
      • Ukraine
      • United Kingdom
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Argentina
      • Brazil
    • Oceania
      • Australia
      • New Zeland
  • Gulf
    • UAE
    • Iran
    • Kuwait
    • Oman
    • Qatar
    • Bahrain
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us

© 2023 The World News AM - Develope and maintain by Skyhost.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In