business and economy

Fixed capital investment down almost 10 percent in first two months of 2009

By SRI ⋅ March 20, 2009 ⋅  Email This Post ⋅  Print This Post ⋅ Post a comment

(SRI) - Fixed capital investment in Kazakhstan totaled KZT343.055 billion in January and February 2009, a decrease of 9.7 percent compared to the same period last year, Interfax reported citing the State Statistics Agency.

Fixed capital investment in the oil and gas sector amounted to 23.7 percent of the total, making it the main investment target by sector.

Investment in fishing increased 83 percent in the first two months of 2009 while investment in transportation and communications was 64.4 percent and in utilities 61.1 percent.

Investment has increased in eleven of Kazakhstan’s 16 regions but fell in five, with Astana registering the steepest decline of 74.2 percent.

Tags: economy, investment

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