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. Last Updated: 07/27/2016

Kazakhstan 'Stabilizes

MOSCOW () -- The government of Kazakhstan said Tuesday that macroeconomic stabilization could be achieved by the end of the year, Interfax reported.

Economics minister Altai Tleuberdin told a government meeting that inflation had risen 32 percent in the first six months of the year, against 534 percent in the same period in 1994. Industrial output rose 10 percent from December 1994 to May 1995, he said.

The national currency, the tenge, has been relatively stable and interest rates are falling, the minister said.