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ASHGABAT (TCA) — Citizens of Turkmenistan staying abroad have failed to obtain cash, pay for purchases or transfer funds from their bank cards, the independent foreign-based news website Chronicles of Turkmenistan reported on March 7. Continue reading
BISHKEK (TCA) — Kyrgyzstan’s economic growth exceeded expectations in 2017, with GDP growing by 4.5 percent and the recovery encompassing most sectors, Edward Gemayel said in a statement after an International Monetary Fund (IMF) team he led visited Bishkek during January 25-31. Continue reading
ASHGABAT (TCA) — As Turkmenistan suffers from decreasing state-budget revenues largely caused by low natural-gas prices and a drop in gas exports, contributions to the Pension Fund, which had previously been voluntary, have become mandatory for entrepreneurs starting from 1 January 2018, the Chronicles of Turkmenistan independent foreign-based news website reports. Continue reading
BISHKEK (TCA) — The weight of the Russian rouble in the foreign exchange structure of payments in the Eurasian Economic Union (EEU) — consisting of Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia — has increased from 56% to 75% over the recent six years. The dollar’s share has decreased from 35% to 19% over the same time. However, the dollar remains the dominant currency in payments for goods and services between the EEU member states, excluding Russia. It accounts for 50-80% of payments, according to the new report by the Eurasian Development Bank’s (EDB) Centre for Integration Studies, entitled National Currencies in Mutual Payments within the EAEU: Barriers and Prospects. Continue reading
ASTANA (TCA) — At the meeting of the Government on December 26, the Chairman of the Kazakh National Bank Daniyar Akishev presented a bill on currency regulation and currency control, the official website of the Prime Minister of Kazakhstan reports. Continue reading
BISHKEK (TCA) — The global background for the recovery of economic growth in the Eurasian Development Bank (EDB) member states — Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan — has improved this year. Improvements included an increase in the world’s oil prices as well as greater global economic growth, according to the findings presented in The Macroeconomic Review published by the Chief Economist Group at the EDB on November 20. Continue reading
