Kazakhstan's Dynamic Economy

Download or read book Kazakhstan's Dynamic Economy written by Marat Terterov and published by GMB Publishing Ltd. This book was released on 2006 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Republic of Kazakhstan continued to assert itself as a dynamic transitional economy and attractive emerging market during 2005. With economic growth of 9.4% in 2004, the countryOCOs economic expansion continued as a result of increased oil and gas production spurred by rising global demands for energy. While Kazakhstan is attractive to international energy companies, the energy sector is not the only source of investor interest, with over $1.5 billion of investment projects currently underway. President NazarbayevOCOs re-election in December 2005, while not indicative of a fully-fledged democracy, continues to create a strong semblance of political stability in Kazakhstan, which is vital for attracting investment and facilitating growth."