Kazakhstan Expects Economic Growth to Quicken to 6% Next Year

Kazakhstan expects economic growth for the biggest oil producer in the former Soviet Union after Russia to quicken next year to 6 percent, Economic Development and Trade Minister Bakytzhan Sagintayev said.

The pace of expansion may accelerate to 6.1 percent in 2014 and to 7.6 percent in 2015, Sagintayev said at a government meeting in the capital Astana today. Kazakhstan’s gross domestic product increased 5.6 percent in the first half of the year from the same period last year.