Tag Archives: economy

Tajikistan’s Central Bank increases interest rate

JULY 15 2016 (The Conway Bulletin) — Tajikistan’s Central Bank raised its key interest rate by two percentage points to 11%, its highest since 2009. It had kept the interest rate constant at 8% for over one year until March, when it was raised to 9%. The Central Bank said the move is in line with a policy to combat inflation and restore confidence in the country’s ailing banking sector.

ENDS

(News report from Issue No. 290, published on July 22 2016)

Trade and GDP shrink in Tajikistan

JULY 19 2016 (The Conway Bulletin) — Tajikistan’s Statistics Committee said that trade turnover in H1 2016 shrank by 2.8%, compared to the same period last year. Overall, Tajikistan posted a negative trade balance, as it exported goods and services worth $439.4m and imported $1.5b. The Committee also said that the country’s GDP grew by 6.6% in H1, in line with government projection of a 7% growth by the end of the year.

ENDS

(News report from Issue No. 290, published on July 22 2016)

Uzbekistan’s GDP grows by 7.8%

JULY 19 2016 (The Conway Bulletin) — Uzbekistan’s Statistics Committee said that the country’s GDP grew by 7.8% in H1 2016, compared to the same period last year. Growth was slightly slower than in the first half of 2015, when GDP grew by 8.1%. Official statistics in Uzbekistan come with a health warning as they are often manipulated by the government.

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(News report from Issue No. 290, published on July 22 2016)

Salaries rise in Turkmenistan

JULY 18 2016 (The Conway Bulletin) — Turkmenistan’s President Kurbanguly Berdymukhamedov signed a bill to increase the salaries of state workers by 10% from January 2017, continuing the tradition of salary increases at the beginning of the year, official media reported. The minimum salary in Turkmenistan amounts to 650 manat (around $186 at the official exchange rate).

ENDS

(News report from Issue No. 290, published on July 22 2016)

Kazakh minister of economy receives new roles

JULY 11 2016 (The Conway Bulletin) — In his capacity as head of the Baiterek state holding, Yerbolat Dossayev, former Kazakh minister of economy, was named chairman of Zhilstroisberbank, a top-15 bank in Kazakhstan and subsidiary of Baiterek. A few days later Mr Dossayev was also named head of KazExportGarant, an export credit agency, and chairman of Kazakhstan’s Investment Fund, which are both managed by Baiterek.

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