16.02.2012 - Kazakhs eye Europe as economy falters
Kazakhstan's faltering economic growth, masked last year thanks to a bumper harvest, is clearly exposed by the latest monthly figures, which show a decline to 4.8% expansion in gross domestic product (GDP) on an annualized basis for January and 3.8% year on year. President Nursultan Nazarbayev ordered that the state draw on the National Fund of Kazakhstan, the country's sovereign wealth fund, to invest in large-scale industrial projects (pointing to the construction, metallurgy, and forestry sectors in particular) that would be complemented by a program to improve training and increasing entrepreneurship skills. ..............................................Full Article: Source
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