BISHKEK (TCA) — In Q1 2017, stabilised raw material prices and, as a result, stabilised national exchange rates in most of Eurasian Development Bank’s (EDB) member countries — Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan — have ensured recovery in mutual trade in the region, according to the findings presented in the macroeconomic review prepared by the Chief Economist Group at EDB.

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TASHKENT (TCA) — Uzbekistan has developed a program of measures for further development of the country’s hydropower sector for the period 2017-2021, the official Jahon information agency reported.

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KABUL (TCA) — Tajikistan’s Minister of Transport Khudoyorzoda Khudoyor on May 26 signed trade and economic agreements with Afghanistan during his two-day visit to the country, Afghanistan’s TOLOnews agency reported.

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ASTANA (TCA) — A forum to discuss new mechanisms of attracting foreign investments was held in Kazakhstan’s capital, Astana, on the initiative of the new Association COCAD (Consortium of Central Asia Development), which intends to assist in attracting foreign and domestic investment in the Kazakh economy, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported on May 26.

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ASTANA (TCA) — An official ceremony of awarding a certificate of conferring on Kazakhstan the status of a zone free from foot and mouth disease took place in Paris on May 25, Kazakhstan’s First Deputy Agriculture Minister Kairat Aytuganov said, the official website of the Prime Minister of Kazakhstan reported.

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BISHKEK (TCA) — Kyrgyzstan has updated the historical maximum for remittances from Russia. In the first three months of 2017, labor migrants from Kyrgyzstan working in Russia transferred $433 million to their homeland, which is 67% more than in the same period in 2016, the National Bank of Kyrgyzstan said. Prior to this, migrants transferred the most money for the same period in 2013 ($411.5 million).

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