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ASTANA (TCA) — Kazakhstan can increase exports to Vietnam, Deputy Minister of National Economy of Kazakhstan Timur Zhaksylykov said on February 8, the official website of the Prime Minister of Kazakhstan reported. Continue reading
ALMATY (TCA) — Kazakhstan’s currency is in a very bad shape. There are various reasons for that, and although President Nazarbayev advises his citizens not to buy imported goods, people on the street feel the pinch and try to switch to dollars as much as they can. The crash in global prices of oil and other commodities has already brought Russia and Azerbaijan currencies to their lowest level losing more than 50%. Kazakhstan is not doing any better with the tenge moving, in about two years, from about 150 tenges per dollar to the incredible low level of close to 400 and the situation has much to do with the ever shifting National Bank policies. Continue reading
BISHKEK (TCA) — Turkey is one of the major trading partners of Kyrgyzstan, Kyrgyz Economy Minister Arzybek Kojoshev said at the Kyrgyz-Turkish Investment and Trade Forum in Ankara late last week. Continue reading
BISHKEK (TCA) — Turkish importers will buy beans grown in Kyrgyzstan’s Talas province for 33-35 soms per kilogram ($1=76 soms), the Kyrgyz Agriculture Ministry said. Currently, the price is 20-28 soms. Continue reading
BISHKEK (TCA) — Chinese investors show the strongest dynamics of foreign direct investment (FDI) in the Eurasian Economic Union (EEU) countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia). Between 2008 and 2014, China's FDI stock in the region more than doubled, from $11 billion to $27.1 billion. Over the same period, Japanese FDI reached $14.4 billion and South Korean FDI reached $1.9 billion, according to the report “EEU and Eurasia: Monitoring and Analysis of Direct Investments”, prepared by Eurasian Development Bank's (EDB) Centre for Integration Studies. Continue reading
BISHKEK (TCA) — In Russia, the number of labor migrants from Kyrgyzstan is on the rise while that from Tajikistan and Uzbekistan is decreasing, the Fergana information agency reported with reference to the Federal Migration Service of Russia (FMS). Continue reading
