Wednesday, 7 January 2009

Merry Crisis?

Kazakhstan has been called the emerging " Dubai of Central Asia". It has gained entry into the exclusive club of the world’s ten largest exporters of crude oil, and caught up to the living standards of Central European countries...Oil and metal make up about 90% of all Kazakh export. Good time with high oil prices seems to be over.
I hope the crisis will in the end serve as an incentive to change the Kazakh economy from the raw-materials oriented to more diversified, lead to less consumption of luxury goods and promote investments into the social sector. Personally I hope there will be less and smaller cars to mitigate air pollution.

"Anti-crisis offer from the Hungarian Chef". The restaurant branch in Almaty adapts quickly to the new conditions.

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