Economy in Kazakhstan.

I am going to tell you about economics in my home country Kazakhstan.

So, Kazakhstan it is a former country of Soviet union republic. It is situated in the Central Asia. Kazakhstan became independent in 1991. Kazakhstan has borders with Russia, China, Uzbekistan and Kyrgystan. Kazakhstan it is a ninth country in the wrold of territory.

Nowadays Kazakhstan has 9.3 % of GDP, it is no so much, but it increasing every year. Kazakhstan is a very rich country in oil, gas, uranium etc. It has a special deal ''oil deal with close neighbours with Russia, China and with Turkmenistan. These deal means that these four countries exchange their land resources and to help to each other in economic concepts. Except oil and gas, Kazakhstan also provides many countries with wheat, livestock and textiles. Also Kazakhstan has a big aim, is to be a country number one in the world which provides uranium to countries such as USA, Russia, China, India and Iran. Also government of Kazakhstan wants to increase an amount of energy in country for selling it to other countries.

Also Kazakhstan has some debts, about 2 billion dollars, how we know, banking system in Kazakhstan is not so good, because government haven't solve a problem about banking system and in 2007 the one of the most popular banks in Kazakhstan is ATF bank became bankrupt and the main problem of it was that the guidance of these bank lend too much credits to people, but many people haven't give back these money properly and bank had big debts and scarcity of their own money. Also Kazakhstan has the largest operational space launch facility calls Baykonur. But there is a problem with that, because government hasn't got enough money to keep space launch facility in good conditions and Kazakhstan's government decided to lend it to Russia government for 25 years and for cost of 130 million dollars and it was quite a good deal because on these money Kazakhstan government can improve their economic system and to increase their GDP. Nowadays Kazakhstan's president Nursultan Nazarbayev has a big target to be in first 40 countries in the world in GDP and GNP. That's a really good aim and it is not just words because nowadays the two main cities in Kazakhstan Almaty and Astana are really big financial centers and business centers in the Central Asia. Nowadays Kazakhstan has already achieve some aims of it, first of full Kazakhstan's banking system is developing rapidly. And the profit of banking system is 1 billion dollars. The National bank of Kazakhstan is Halyk bank has big communications with world banks such as RBS, HSBC bank, Unicredit and Swiss bank.