• KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09196 0.77%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 24

Robust Economic Growth in EDB Member States

The latest Macroeconomic Review for the EDB’s six member states — Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan – was released by the Eurasian Development Bank on April 12th. Despite the challenging external economic environment, the report illustrates robust economic growth amongst all its members in January-February this year and according to short-term economic activity indicators, high GDP growth is set to continue. Fuelled by capital investment, Kazakhstan’s economy expanded by 4.2%, and Kyrgyzstan experienced a GDP surge of 8.6%, largely due to intensified investment activity, which spiked to 55%. Propelled by a dynamic increase in industrial output, economic activity in Armenia rose by 13.6%, and Belarus’s economy grew by 4% during the same period, boosted by manufacturing and retailing industries. In Russia, industrial production remains the prime driver of economic growth, raising the nation’s GDP by 6.0%, and Tajikistan’s high growth rates are maintained by consumption and investment sectors. In conclusion, the EDB reports that domestic demand within its represented countries is propelled by national projects, including increased public investment in Armenia, import substitution programs in Belarus and Russia, and the development of mechanical engineering in Kazakhstan and energy sectors in Kyrgyzstan and Tajikistan.

Eurasian Fund for Stabilization and Development to reconstruct road in Kyrgyzstan

BISHKEK (TCA) — The Eurasian Fund for Stabilization and Development’s (EFSD) delegation visited Bishkek with a monitoring mission to discuss progress of the EFSD-funded investment projects to reconstruct a section of the Bishkek–Osh motor road and commission Unit 2 at Kambarata hydropower plant 2, as well as preparations for the project to reconstruct the Aral–Suusamyr road, the press service of the Eurasian Development Bank (EDB) said on February 12. Continue reading

Key macroeconomic indicators tested for strength in EDB member countries in 2018

BISHKEK (TCA) — In 2018, the Eurasian Development Bank (EDB) member countries — Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan — faced challenges to the region’s macroeconomic stability, according to the quarterly Macroeconomic Review published by the EDB’s Directorate for Research late in December. Continue reading

EDB forecasts its member states’ growth to reach 2.2% in 2018

BISHKEK (TCA) — In 2017, the economies of Eurasian Development Bank (EDB) member countries — Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan — adapted to negative external developments and embarked onto a trajectory of economic growth. The region’s task for the next several years is to achieve more reliable and higher economic development rates, according to the quarterly Macroeconomic Review published by the Chief Economist Group at the EDB. Continue reading

Business expects role of national currencies to strengthen in EEU payments — report

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

EDB countries, including Kazakhstan, Kyrgyzstan and Tajikistan, show economic growth

BISHKEK (TCA) — With 2017 nearing to its end, mid-term recovery prospects of the Eurasian Development Bank (EDB) member countries — Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan — become clearer to an extent. While at the beginning of the year there were concerns over the continuing recession in some countries of the region, it becomes evident by its end that all the EDB countries demonstrate positive economic growth, according to the findings of the monthly Macroeconomic Review published by the Chief Economist’s Group at EDB. Continue reading

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