Over 15 years Kazakhstan's economy has grown 16 times - President Nazarbayev
21:30, 12 October 2012
ISTANBUL. October 12. KAZINFORM Kazakhstan's economy for 15 years has grown 16 times, the income of the population - 45 times, President Nursultan Nazarbayev said at the Kazakh-Turkish business forum held in Istanbul.
The Head of State in his speech said that after the collapse of the Soviet Union 2 million people in Kazakhstan were left unemployed, the state had no money to pay salaries and pensions.
"Inflation in 1992-1993 was 2160 per cent. Everyone said that Kazakhstan had to ask Russia for help, and could not become a state," said Nursultan Nazarbayev.
The President noted that over the past years those expectations were not realized. From 1991 to 1996 there was a struggle for the preservation of the state. For 15 years since 1996 Kazakhstan quickly conducted reforms.
"Over 15 years we've increased per capita GDP from 400 dollars to 13 thousand dollars, the economy grew 16 times. Incomes grew 45 times," said the President.