Kazakhstan was predicted default, but we finish year with positive results - Head of State

ASTANA.  December 24. KAZINFORM /Muratbek Makulbekov/ Kazakhstan finishes the year with positive results in its economic development and this is a great victory for us. President Nursultan Nazarbayev said it during the talk with the chiefs of national mass media at a new office of Egemen Kazakhstan newspaper yesterday.
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"Many countries have faced severe problems. Do you remember the bankruptcy of Island? In fact, all Baltic States faced the same situation, they had to cut pensions, sell the building of the local municipality to provide living of the city authorities. The USA has recorded bankruptcy of 140 enterprises. The largest companies, leaders of the world economy like General Motors, Opel - the giants of auto-industry didn't know what to do", the President said.

He reminded of the money of Kazakhstan's National Fund accumulated in the good times. "These funds saved our economy in crisis period", N. Nazarbayev noted.

The world experts forecasted economic collapse for Kazakhstan after Island and Baltic States. However, the IMF is ready to provide a loan for us to date.

On October 13, 2009 the Head of the State held a session of Government at which major anti-crisis measures were defined including: maintenance of the banks, support of housing investors, support of agrarian sector, small and medium businesses and continue development of social programs.

"Due to this, Kazakhstan finishes the year 2009 with positive results. It is a great victory for us", N. Nazarbayev stressed.  

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