• Sign in
  • 1751972643_633.png 1751972643_245.png 1751959824_218.svg 1751959824_520.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12413.79
    • RUB154.86
    • EUR14468.27
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +27°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Kazakhstan

    Kazakstan reveals 5.1% economic growth with $19.7bn in FDI

    Kazakstan reveals 5.1% economic growth with $19.7bn in FDI

    A substantial 5.1% economic growth in Kazakhstan with foreign direct investment (FDI), reaching $19.7bn in the first nine months of 2023, was emphasized by Prime Minister Alikhan Smailov on January 22,  Akorda reported. President Kassym-Jomart Tokayev and Prime Minister Alikhan Smailov disclosed key economic achievements during their meeting, highlighting Kazakhstan's resilient growth in 2023 amidst global challenges.

    Photo: President Tokayev and PM Smailov announce Kazakhstan's economic growth in 2023
    Source: Akorda

     

    The substantial FDI played a vital role in supporting economic development and contributing to the overall growth of the country. The total volume of investments in fixed capital also saw a remarkable increase, surging by 13.7% to reach $39.5bn.

    A noteworthy milestone was the increase in employment within small and medium-sized businesses, which grew by 14%, adding 500,000 people to the workforce and bringing the total number of employees to 4.3 mn. Through collaborative efforts between the Government, the National Bank, and regional akims, inflation was successfully halved to 9.8%. Foreign trade turnover also experienced positive growth, rising by 2.2% to reach $126bn, and the trade balance saw a surplus exceeding $16bn.

    Made with Flourish

    The president was briefed on the timely and complete fulfillment of all social obligations by the Government. Notably, joint pensions received a 10.5% indexation last year, followed by an additional 9% increase at the beginning of this year. Benefits for individuals with disabilities and survivors also rose by 23%. Social support now extends to 4.5 mn Kazakhstani citizens, with an allocation of KZT 4.6 trillion ($10.1bn).

    Kazakhstan's commitment to economic development is evident in the ongoing implementation of the Unified Pool of Investment Projects. In 2023, 298 projects valued at KZT 1.8 trillion ($4bn) were launched, and the plan for 2024 includes 326 projects worth KZT 3.8 trillion ($8.4bn), with a significant focus on the manufacturing industry.

    Photo: Foreign trade turnover rises by 2.2%, reaching a substantial $126bn
    Source: Akorda

     

    Prime Minister Alikhan Smailov outlined various measures aimed at fostering entrepreneurship, improving the investment climate, and implementing reforms in the energy, construction, and agro-industrial sectors. The agenda also included discussions on modernizing housing and communal infrastructure, enhancing service quality for the population, and updates on the National Fund for Children project, the Keleshek unified savings system, and progress in healthcare and tourism.

    Following the meeting, President Tokayev issued several directives to guide the nation's continued socio-economic development, emphasizing the importance of sustained growth, job creation, and the well-being of the population. 

     

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

    23.01.2024, 23:56   Comments (0)   1685
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    99% of Naryn River’s water goes to Uzbekistan and Kazakhstan, says Kyrgyz President Japarov 

    22.01.2024, 10:14

    Kazakhstan and Bonifiche Ferraresi partner for agro-alliance with pasta production and export expansion

    22.01.2024, 14:35

    Uzbekistan and Kazakhstan strengthen pilgrimage tourism ties with trilateral agreement

    23.01.2024, 02:42

    Kazakhstan and Pakistan intensify transport cooperation for deeper relations 

    23.01.2024, 18:37

    7 magnitude earthquake strikes Kazakhstan, ripple effects felt across Central Asia

    22.01.2024, 23:50

    Kazakhstan bans Russian TV presenter Tina Kandelaki from entering over controversial remarks

    22.01.2024, 22:24
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    Beeline Uzbekistan started 2025 with a significant network modernization


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp

     

    Recommended

    Uzbekistan’s foreign trade turnover up 19.9% y/y in 7M25, totaling $44.4bn

    21 August, 15:33

    Uzbekistan’s president announces fresh business support measures at open dialogue with entrepreneurs

    21 August, 09:05

    “Uzbekistan is a country open to the world and discovering the world for itself,” says President Mirziyoyev

    18 August, 15:48

    Uzbekistan’s bank capital jumps 20% y/y to $9.9bn as assets, loans, and deposits expand

    11 August, 13:12
     
     
     

    Latest news

    Kazakhstan bestows Order of “Altyn Kyran” on Kyrgyz President Sadyr Japarov

    Kyrgyzstan | 23 August, 15:31

    Uzbekistan sees growth in women-led enterprises, reaching 43,860

    Uzbekistan | 23 August, 13:45

    Uzbekistan, Turkmenistan, and Azerbaijan adopt joint statement, sign new cooperation agreements

    Uzbekistan | 23 August, 10:30

    Uzbekistan, Turkmenistan, and Azerbaijan strengthen cooperation on corridors, energy, and culture

    Uzbekistan | 22 August, 17:00

    Kyrgyzstan challenges Western sanctions, President Japarov appeals to Trump and Starmer

    Kyrgyzstan | 22 August, 16:39

    Uzbekistan, Turkmenistan trade tops $700mn since January as Mirziyoyev meets Berdimuhamedow

    Uzbekistan | 22 August, 14:10

    Uzbekistan sees 4% inflation in January–July 2025

    Uzbekistan | 22 August, 13:13

    Uzbekistan’s gas output drops 3.4% y/y to 25.3bn cubic meters in 7M25

    Uzbekistan | 22 August, 12:03

    Uzbekistan advances judicial reforms with new proposals approved by President Mirziyoyev

    Uzbekistan | 22 August, 10:30
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.