02.09.2010, 13:21 3589

Economy of Kazakhstan grows

The economy of Kazakhstan has been growing. The President of Kazakhstan, Nursultan Nazarbayev, said opening the fourth session of the Parliament of the fourth convocation on Wednesday, the agency reports.

Astana. September 2. Kazakhstan Today - The economy of Kazakhstan has been growing. The President of Kazakhstan, Nursultan Nazarbayev, said opening the fourth session of the Parliament of the fourth convocation on Wednesday, the agency reports.

"Owing to the anti-crisis program and the accepted laws, the economy has been growing. Following the results of the first half of 2010, GDP has grown by more than 8 %, industrial production has increased by 11 %, and agricultural - by more than 3 %. The manufacturing industry has grown by 18.3 %."

"The mining industry has grown by 6.3 %. There are positive dynamics in the sphere of mechanical engineering, chemical and food-processing industries.

"Consumer growth in 2010 has increased, volumes of retail trade have increased by 13.1 %, and subjects of small and medium business have increased their production repayment by 6.1 %. The international reserves of the country and gold and exchange currency reserves have grown. The National fund increased and has exceeded the sum of $53 billion.

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