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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
BISHKEK (TCA) — There was an opinion that the United States was leaving Central Asia, which was the case in the past decade, but now the US is reconsidering its attitude to the region, Central Asia-Caucasus Institute (CACI) Chairman S. Frederick Starr said in his interview with Kazakhstan’s Sayasat.org about America’s role in Central Asia. Continue reading
ASTANA (TCA) — The year 2017 was marked in Kazakhstan by the authorities’ efforts to lay the ground for a smooth state power succession and to overcome the country’s economic and financial problems accumulated in the recent years. We are republishing this article by George Voloshin on the issue, originally published by The Jamestown Foundation’s Eurasia Daily Monitor: Continue reading
BISHKEK (TCA) — Kyrgyzstan’s Prime Minister Sapar Isakov has sacked the country’s envoy to the Eurasian Economic Union (EEU), Sanjar Umetaliev, and reprimanded several top officials, RFE/RL reported. Continue reading
BISHKEK (TCA) — The Eurasian Economic Union (EEU) continues to enjoy significant trust and support from between 50% and 83% of the population of its five member states (Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia), as well as Tajikistan (69%). At the same time, positive attitudes towards Eurasian integration have been declining gradually, both in the EEU countries and beyond, according to population surveys in seven countries (five EEU member states, Tajikistan and Moldova) conducted by the Eurasian Development Bank (EDB) Centre for Integration Studies and Eurasian Monitor, an international partnership. Continue reading
BISHKEK (TCA) — A significant growth of direct investments in Russia and other Eurasian Economic Union (EEU) member states — Armenia, Belarus, Kazakhstan, and Kyrgyzstan — is expected in 2018, according to the report by the Centre for Integration Studies of the Eurasian Development Bank "EAEU and Eurasia: Monitoring and Analysis of Direct Investments – 2017". Continue reading
