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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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BISHKEK (TCA) — The year 2016 will not be less difficult than last year as external risks continue to persist, Kyrgyzstan’s Economy Minister Arzybek Kojoshev told a news conference on the country’s results in 2015 and tasks for 2016, the press service of the Economy Ministry said.
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DUSHANBE (TCA) — In 2015 gold reserves of the National Bank of Tajikistan grew 40 percent and the total gold and foreign-currency reserves increased by 28 percent, National Bank Chairman Jamshed Nurmakhmadzoda told reporters in Dushanbe on January 26, Avesta news agency reported.
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DUSHANBE (TCA) — The National Bank of Tajikistan is drafting amendments to the country’s Criminal Code to introduce jail terms of up to nine years for “illegal hard-currency exchange operations,” National Bank Chairman Jamshed Nurmakhmadzoda told reporters in Dushanbe on January 26, Avesta news agency reported.
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ASTANA (TCA) — Kazakhstan and China will implement 19 joint agricultural projects worth US $1.735 billion, Kazakhstan’s Deputy Agriculture Minister Gulmira Isayeva said on January 25, the official website of the Prime Minister of Kazakhstan reported.
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ASTANA (TCA) — The Ministry for Investment and Development and Ministry of Agriculture of Kazakhstan have conducted a series of meetings with executives from major food companies of Italy, who expressed their intention to establish joint enterprises in Kazakhstan for cultivation and processing of fruit and vegetables, production of dairy products and organic manure, the press service of the Ministry for Investment and Development said on January 25.
