An extract on #istanbullove
Kazakhstan's film industry is run through the state-owned Kazakhfilm studios based in Almaty. The studio has produced award-winning movies such as Myn Bala, Harmony Lessons, and Shal. Kazakhstan is host of the International Astana Action Film Festival and the Eurasia International Film Festival held annually. Hollywood director Timur Bekmambetov is from Kazakhstan and has become active in bridging Hollywood to the Kazakhstan film industry.
Kazakhstan journalist Artur Platonov won Best Script for his documentary "Sold Souls" about Kazakhstan's contribution to the struggle against terrorism at the 2013 Cannes Corporate Media and TV Awards.
Serik Aprymovs Little Brother (Bauyr) won at the Central and Eastern Europe Film Festival goEast from the German Federal Foreign Office.
Kazakhstan's GDP grew 4.1% in real terms during the period from January to September 2014.
Kazakhstan's real GDP growth is projected to reach 4.3% in 2014, the main driving force of the economy in Kazakhstan in 2014 is the consumer sector; the consumption in Kazakhstan is mainly boosted by the retail lending.
According to the Agency of Statistics of the Republic of Kazakhstan the Kazakhstan's GDP growth in the first quarter of 2014 was 3.8%.
The Government of Kazakhstan signed a Framework Partnership Agreement with IBRD, IFC, MIGA on May 1, 2014; according to this Agreement the World Bank will allocate $2.5 billion to Kazakhstan, for the diversification of the economy and reaching the sustainable development.
As of 2015, the World Bank classified Kazakhstan as an upper-middle-income country with GDP per capita of nearly US$10.5 thousand.
FDI increased 30 percent in 2015 in Kazakhstans agricultural industry and 80 percent in the countrys petroleum products sector.
In 2016 Kazakhstan's economy started to recover from the crisis caused by low oil prices and the tenge devaluation. According to the Minister of National Economy of Kazakhstan, in nine months of 2016 the GDP growth reached 0.4%. Sectors of economy that experienced the highest growth included construction (6.9%), agriculture (4.9%), and transport sector (4.0%).
The country experienced a slowdown in economic growth from 2014 sparked by falling oil prices and the effects of the Ukrainian crisis The country devalued its currency by 19% in February 2014. Another 22% devaluation occurred in August 2015. Kazakhstan was ranked 52nd among 159 countries in the 2014 Economic Freedom of the World report published by Fraser Institute in September 2016. The country improved three spots compared to the previous year.
Despite the slowdown in economic growth, the living wage per capita in Kazakhstan increased on average by 7.8% in April 2016 compared to April 2015.