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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
BISHKEK (TCA) — Continued soft commodity prices and the recession in Russia have further dampened the growth outlook for Central Asia, with the earlier 2016 forecast of 2.1% trimmed to 1.7%, and 2017 cut to 2.7% from 2.8%. The slump in revenues from hydrocarbon exports are affecting fiscal consolidation efforts in Azerbaijan, Kazakhstan, Turkmenistan and Uzbekistan, while lower remittances, particularly from Russia, continue to hurt domestic consumption in the Central Asia region, says a new Asian Development Bank (ADB) report. Continue reading
ASTANA (TCA) — Kazakhstan President Nursultan Nazarbayev on May 18 chaired a government meeting summing up the country’s social and economic results for the first four months of this year. Continue reading
ASTANA (TCA) — The Government of Kazakhstan has approved a new forecast of the country’s socio-economic development for this year, Kazakh media reported. Continue reading
BISHKEK (TCA) — An International Monetary Fund (IMF) mission led by Mr. Edward Gemayel visited Kyrgyzstan during January 29 to February 4 to discuss recent economic developments, government policies and economic prospects in the context of a challenging regional environment. The discussions also prepared the ground for the second review mission under the Fund supported Extended Credit Facility, tentatively scheduled for April 2016, the IMF said. Continue reading
DUSHANBE (TCA) — Despite the negative impact of external factors on Tajikistan’s economy, the country’s GDP grew six percent in 2015, Tajik Prime Minister Qohir Rasulzoda said on January 21 at the expanded meeting of the Government of Tajikistan that reviewed the results of the country’s social and economic development in 2015 and the main objectives for 2016, the Tajik presidential press service reported. Continue reading
