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ASHGABAT (TCA) — Turkmenistan, a major natural gas producer, continues to adjust to a difficult external environment, including persistently low hydrocarbon prices and slower economic activity in trading partners, the Executive Board of the International Monetary Fund (IMF) said on June 15, after conclusion of the Article IV consultation with Turkmenistan. Continue reading
TASHKENT (TCA) — Starting from June 1, 2017, the sale of the whole range of passenger cars produced by General Motors Uzbekistan joint venture will be carried out on the domestic market for the national currency, the soum. It is stipulated by the Decree of the President of Uzbekistan dated May 26 "On measures to improve pricing for products manufactured by General Motors Uzbekistan”, the Jahon information agency reports. Continue reading
DUSHANBE (TCA) — An International Monetary Fund (IMF) mission, led by Mr. Paul Ross, visited Tajikistan from May 17−30 and met with the country’s First Deputy Prime Minister Davlatali Said, Finance Minister Abdusalom Qurboniyon, Economy Minister Negmatullo Hikmatullozoda, and National Bank Governor Jamshed Nurmahmadzoda. Continue reading
ALMATY (TCA) — Tough competition and the devaluation of the national currency, the tenge, are cited as the reasons for the French retailer’s shop’s closure in Almaty. We are republishing this article by Aktan Rysaliev on the issue, originally published by EurasiaNet.org: Continue reading
TASHKENT (TCA) — From September 2016 to May this year, Uzbekistan signed over 320 trade and investment agreements and contracts with foreign partners for a total amount exceeding US $44 billion, the Minister of Foreign Affairs of Uzbekistan Abdulaziz Kamilov told the Senate of the Uzbek parliament on May 27, the Jahon Information Agency reported. Continue reading
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. Continue reading
