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ASHGABAT (TCA) — On January 12 the Central Bank of Turkmenistan published on its website a press release on introducing restrictions on free currency exchange in the country. The announcement for print media, however, was offered only in the Turkmen language. The press release is not available on the Russian or English versions of the website. Below is the translation of the announcement, made by the independent website Chronicles of Turkmenistan. Continue reading
BISHKEK (TCA) — The European Bank for Reconstruction and Development (EBRD) invested a record amount in the Central Asian region in 2015. Last year’s total investment rose 75 per cent to €1.402 billion from €803 million, in 82 different transactions following 71 projects in 2014. This brings the total EBRD financing in Central Asia to just over €10 billion, the Bank said. Continue reading
ASHGABAT (TCA) — Authorities in Turkmenistan have restricted the use of hard currencies in the country. Banks in Turkmenistan have stopped selling US dollars but they still buy them, the Alternative News of Turkmenistan website reported on January 12. Continue reading
ASHGABAT (TCA) — Production in Turkmenistan grew 4.8 percent in 2015 as compared with the previous year, with high performance indicators observed in nearly all sectors of the country’s economy. This was said at the Turkmen Government meeting on January 8 that reviewed Turkmenistan’s economic results of 2015, the State News Agency of Turkmenistan reported. The meeting was chaired by President Gurbanguly Berdymukhammedov. Continue reading
BISHKEK (TCA) — Here below is an analysis by Stratfor’s analyst Eugene Chausovsky that explores the past, present and future of the confrontation between Russia and the West on the Eurasian landmass. This article is focused on Central Asia. Continue reading
TASHKENT (TCA) — Russian gas giant Gazprom in 2016 will increase natural gas purchases from Uzbekistan, Russia’s TASS news agency reported citing Gazprom Chairman Alexei Miller. Continue reading
