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TASHKENT (TCA) — Uzbekistan’s Central Bank has raised the refinancing rate to 14 percent per annum starting from June 28. The decision was due to the increasing inflation in the country and the need to limit the increased risk of further inflation, the Jahon information agency 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) — Following relative economic stabilization in 2016, Eurasian Development Bank's member countries — Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan — are entering the phase where inflation will go down significantly and key rates will be reduced gradually. This is expected to create more favorable conditions for the recovery of positive economic dynamics in the region, according to the findings of The Macroeconomic Review prepared by the Chief Economist Group at EDB. Continue reading
BISHKEK (TCA) — Without ensuring lower inflation, securing trust for the national currencies, decreasing dollarization, and devising responsible fiscal policies, any further efforts to coordinate monetary policies in the Eurasian Economic Union (EEU) will be inefficient, a new study says. Continue reading
ASTANA (TCA) — The average monthly salary in Kazakhstan increased by 15.6% year on year to KZT 143,600 in the 2nd quarter of 2016, while prices of goods and services increased by 16.8% with food prices increasing by 27.4%, Ranking.kz reports. Continue reading
ASTANA (TCA) — Taking into account the situation in the world economy and international commodity markets, and the results of Kazakhstan's economy since the beginning of this year, the Ministry of National Economy has updated its forecast of the country’s macroeconomic indicators for 2016, the official website of the Prime Minister of Kazakhstan reported. Continue reading
