OREANDA-NEWS. May 04, 2010. In the Q1 2020 inflation made up 2.9%, announced Vice Chairman of the Central Bank Mr. Daniyar Akishev at the governmental sitting focused on the Q1 economy results, reported the Official website http://en.government.kz.

Ms. Zhanar Aitzhanova, Minister of Economic Development and Trade, said that in lines with the government’s conservative scenario (proceeding from the oil price of USD 60-65 per barrel) GDP growth is expected to reach 2% in 2010. According to her Ministry’s estimates, real GDP growth as of the end of the Q1 made up 6.5%. In particular, growth in agriculture made up 2.4%.
Agriculture Minister Akhylbek Kurishbayev announced that Kazakhstan currently has roughly 6.5 million tons of grain for exports. Out of the 2009 harvest the country exported 5.7 million tons (as of April 1), 32% against the like period of 2009. “Though, due to the global grain prices falling, exports rate has significantly decreased recently”, he added. He also noted that his Ministry is considering exports of grain via China and along other routes.

Uranium production output in the Q1 made up 4 004 tons (exceeding the earlier planned 3 881 tons). Industrial production output in Q1 totaled KZT 2.7 trillion, briefed Industry Minister Aset Issekeshev.

Estimated imports for the period totaled USD 4.5 billion, 10.5% down against the like period of 2009.

Q1 results are quite upbeat, noted Kazakhstan’s Prime Minister Karim Massimov following the government’s sitting. He emphasized that it was only possible through the policy pursued by President Nazarbayev and concerted efforts of the Government, regional governors, national companies and the private sector. He urged to further fortify the positive results.