Interview: Grigori Marchenko

Could you describe briefly the outlook for Kazakhstan's economy and inflation?

The outlook is quite positive: last year GDP growth was 9.5% and the year before that it was 13.2%, so we really cannot complain! This year we are expecting growth over 8%. Last year average inflation was 5.9% and we are expecting the same level of inflation for 2003. Our targets are 4-6% and we are planning to keep it within that range; next year the range will be 4-6% as well, and for 2005 we are targetting inflatio