President orders new anti-crisis measures

    By Elena Kosolapova
    President Nursultan Nazarbayev has ordered relevant officials to implement a new round of anti-crisis measures in the country, a presidential press release says.
    Nazarbayev made this statement at an expanded governmental meeting Feb. 10.
    In particular, President Nazarbayev ordered to allocate 100 billion tenge (the exchange rate is 360.37 tenge / $ 1 as of February 10) to the KazAgro national holding to finance the priority projects of the agro-industrial complex.
    The president also instructed then to invest free pension savings for a total of 1.45 trillion tenge in several areas in 2016.
    Moreover, President Nazarbayev ordered the government to allocate 360 billion tenge to stimulate housing construction, specially, to allot 97 billion tenge for loans to support private developers.
    Nazarbayev said that effective usage of the allocated funds will contribute to boosting economic growth up to one percent, according to Trend.