Kazakhstan Chamber of Commerce in the USA

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Kazakhstan – economy

Posted on May 24, 2015 by KazCham

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MAY 22 2015 (SRI) – Kazakhstan’s economy is more competitive than Russia’s economy and it should achieve growth of around 3% this year because of a slight rise in oil prices, Kazakh Central Bank chief Kairat Kelimbetov told Reuters in an interview on Friday.

The 3% growth rate figure is roughly double the figure that the IMF had predicted the Kazakh economy would grow at earlier this week.
Mr Kelimbetov again said that the Central Bank wouldn’t devalue the tenge currency.

–ENDS–

Copyright — Silk Road Intelligencer (SRI) 2015

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