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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
TASHKENT (TCA) — The European Union and Uzbekistan recognize the need to boost bilateral trade and will take efforts to achieve that goal, Eduards Stiprais, Head of the European Union Delegation to Uzbekistan, told a press conference in Tashkent earlier this month, the Jahon information agency reported. Continue reading
DUSHANBE (TCA) — As Tajikistan is being hit hard by decreased remittances from Tajik labor migrants in Russia and the weakening national currency, the somoni, against the US dollar, we are republishing this article, originally published by EurasiaNet.org: Continue reading
ASHGABAT (TCA) — From the beginning of this year, food prices in Turkmenistan have grown 18% to 50%, the Chronicles of Turkmenistan independent website reports. Continue reading
BISHKEK (TCA) — As domestic and external demand continues to recover, growth in Kyrgyzstan for 2017 is expected to reach 3.5 percent and continue to expand into the medium term, an International Monetary Fund (IMF) mission led by Edward Gemayel said in a statement after it visited Bishkek from April 5-18. Continue reading
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). Continue reading
