21.05.2009, 12:54 2794

Revival of economy of Kazakhstan to be in second half of the year

The economy of Kazakhstan will probably revive in the second half of the year. The President of Kazakhstan, Nursultan Nazarbayev, said in the television interviews to Khabar agency, the agency reports.

Astana. May 21. Kazakhstan Today - The economy of Kazakhstan will probably revive in the second half of the year. The President of Kazakhstan, Nursultan Nazarbayev, said in the television interviews to Khabar agency, the agency reports.

According to the President of Kazakhstan, "the state supported the economy having alloacted 2.7 trillion KZT." According to the head of the state, "the prices for oil have somewhat increased and the level of realization of products was high."

"As a result, we now observe that in March, in comparison with February, there was an economy growth and in April, in comparison with March, there was growth as well. In May, in comparison with April, the economy growth has been observed as well," N. Nazarbayev explained.

The President of Kazakhstan noted that the crisis has demonstrated that there is no alternative to diversification of the economy. It is impossible to live relying only on the natural resources, oil and gas," the leader of the state stated.

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