BISHKEK (TCA) — The Publisher’s note: Central Asia is an important geopolitical area between Europe, Russia and China. It is in Central Asia that world powers have confronted each other for centuries; it is here that China needs to succeed with its new Silk Road Belt for direct access to the Western markets; and it is here that a large wealth of raw materials has its origin. Every week thousands of news appears all over the world in printed and online media and it is quite understandable that many of them may escape the attention of busy readers. At The Times of Central Asia, we strongly believe that more information can better contribute to peaceful development and better knowledge of the region, and for this reason we are presenting this Weekly Digest of Central Asia which compiles what other media have reported during the past week.

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BISHKEK (TCA) — The introduction of a single currency within the Eurasian Economic Union (EEU) without risks for Kyrgyzstan will be possible in some 20-25 years. An earlier introduction would entail a risk of insolvency and bankruptcy of the country’s banking sector participants, which would result in social instability, Kyrgyz expert Marat Sultanov said at a conference devoted to 25th anniversary of the National Bank of the Kyrgyz Republic (NBKR).

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TASHKENT (TCA) — There is a large number of Uzbek labor migrants in Russia who are supporting Uzbekistan’s economy by sending money they earn back home. Now, their life and work in Russia would become easier. We are republishing this article on the issue, originally published by EurasiaNet.org:

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DUSHANBE (TCA) — Tajikistan’s economic growth is forecast to moderate in 2017, reflecting losses in the banking sector and weak remittances, says a new Asian Development Bank (ADB) report.

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ALMATY (TCA) — An Italian delegation of managers of large Italian companies Carmet, Brio, Longo, Infortrade Srls, and Infortrade has arrived in the Almaty region to discuss business projects in the region, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported on April 6.

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ASTANA (TCA) — A Kazakh government delegation headed by Deputy Prime Minister, Minister of Agriculture Askar Myrzakhmetov arrived in Israel to attract Israeli investments in Kazakhstan’s agribusiness, the official website of the Prime Minister of Kazakhstan reported on April 6.

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