China Bank official on advantages of cooperating with EBRD

BISHKEK (TCA) — A representative of China has addressed the European Bank for Reconstruction and Development (EBRD) Board of Directors as a shareholder for the first time, less than two weeks after the country formally became the EBRD’s 67th member, the EBRD press office reported on January 28.   

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Times of Central Asia

World Bank lowers 2016 oil price forecast

BISHKEK (TCA) — The World Bank has lowered its 2016 forecast for crude oil prices to $37 per barrel in its latest Commodity Markets Outlook report from $51 per barrel in its October projections. Low oil prices hit oil-producing countries in Central Asia, mainly Kazakhstan, and Russia.

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Times of Central Asia