Kazakh President Nursultan Nazarbayev systematic his supervision on Wednesday to allot 360 billion tenge ($1 billion) to build affordable housing to support a economy, that has been strike by a prolonged slip in oil prices.
The supervision is penetrating to pillow a blow of oil’s fall, that could criticise an substantial amicable agreement whereby 18 million Kazakhs have over a final dual decades traded domestic freedoms for fortitude and relations prosperity.
The value of Kazakh exports, dominated by oil and metals, plunged 42 percent final year, mostly due to reduce oil prices, promulgation shockwaves via a economy.
Article source: http://www.dailystar.com.lb//Business/International/2016/Feb-10/336528-kazakh-leader-orders-1-bln-for-house-building-as-snap-poll-looms.ashx