Stabilization Fund like Kazakhstan's would be of great use for EU, view
ASTANA. KAZINFORM Delivering his State-of-the-Nation Address President Nursultan Nazarbayev assured that Kazakhstan is in position to ensure economic growth even in times of crisis.
"Our country will develop further infrastructure and business while many countries cope with recession. To this end the National Stabilization Fund was set up in Kazakhstan," the President noted. "This move is called in Europe as a crucial point," 24.kz reports. According to Italian senator Sergio Divina, who read the Kazakh President's Address, anticipating challenging times, Kazakhstan has found its way to create in time financial reserves that could be used now. Such stabilization fund would be of use for the European Union for Italy and the European countries have no such financial reserves.