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Chinese investment in Tajikistan up, Russian investment down

DUSHANBE (TCA) — Tajikistan’s economy received around $220 million in investments in the first half of this year, Avesta news agency reported citing Kodiri Kosim, chairman of the State Committee of Investment and State Property Management. Continue reading

Kazakhstanis transfer to abroad more money than they get back

ASTANA (TCA) — The number of money transfers received by residents of Kazakhstan from abroad increased by 130 percent year on year in May. The most popular currencies were the US dollar and Russian ruble, and the main source was Russia, according to Ranking.kz, a monitoring project dealing with the Kazakh economy in the rankings format. Continue reading

Kyrgyzstan: foreign remittance with labour migration up (part 1)

BISHKEK (TCA) — Labour migration is as old as human statehood: ancient Mesopotamia, Egypt and Rome benefited from it. But the process is dynamic with ups and downs accompanying changes in economic patterns. Russia’s economic recovery is thereby good news for those seeking jobs. And it does not necessarily hinder economic development in migrants’ homelands provided their public and private sectors apply the right strategy – as the case of Kyrgyzstan illustrates. Continue reading

Labor migration from Tajikistan to Russia reportedly down

DUSHANBE (TCA) — Tajik officials say the number of Tajik migrant workers who left to Russia and other countries in the first half of 2016 has dropped by nearly 7 percent compared to the same period last year, RFE/RL's Tajik Service reported. Continue reading

Kyrgyzstan tries to prevent human trafficking and monitor migration

BISHKEK (TCA) — A street performance aimed to draw the attention of citizens to illegal migration and trafficking in human beings was held in Bishkek earlier this week. Continue reading

Remittances from Central Asian labor migrants sharply decrease

BISHKEK (TCA) — According to the Central Bank of Russia, in the first quarter of 2016 money remittances from Russia to CIS countries amounted to $914 million, which is almost twice as less than in the first quarter 2015 ($1.781 billion) and 3.7-fold less than in the same period in the pre-crisis year 2014 ($3.364 billion).    Continue reading