13 Apr 2010 13:55

Kazakh investment in fixed assets declines 7% in Q1

ASTANA. April 13 (Interfax) - Investment in fixed assets in Kazakhstan totaled 621.817 billion tenge in the first three months of 2010, 7.3% less than in the same period last year, the State Statistics Agency reported.

The mining industry received 50% of the total.

Borrowed funds were the source for the overwhelming majority of the investment. Investment of internal company funds declined 14.3% year-on-year.

Major enterprises invested 377.1 billion tenge in fixed assets in the period, 5.9% more year-on-year.

The official exchange rate on April 13 was 146.77 tenge/$1.