Inflation in Armenia in 2015 may go out of the projected frames of 4% (±1.5%), analysis division of the Eurasian Development Bank says in a fresh issue of its CIS Macromonitor.
The bank’s analysts say that this may happen because of the currency devaluation effect and correction of prices after the country’s accession to the Eurasian Economic Union
Almaty, 22 December 2014. In Q3 2014, the slowdown in GDP growth in the CIS countries almost stopped. Measured year-by-year, the region’s GDP increased by 0.73% in Q3 and 1.05% on Q1 and Q2 respectively. This conclusion is suggested in the new issue of The CIS Macromonitor published by the Research Department of Eurasian Development Bank (EDB)
The top recipient of Chinese investment is Kazakhstan, where it increased by US $12 billion to more than US $22 billion.
Saint Petersburg, 16 December 2014. China’s accumulated direct foreign investment (FDI) in Russia, Kazakhstan and Belarus increased from US $11.02 billion to US $24.67 billion in
Almaty, 11 December 2014. Eurasian Development Bank (EDB) and Polymetal signed a US $80 million non-revolving credit facility agreement to finance the development of the Kyzyl gold project in Kazakhstan.
The facility will be used to finance pre-construction expenses in 2015 and in the first six months of 2016, including the preparation of the feasibility study and design documents, purchasing of mining equipment, and investments in exploration and infrastructure. The drawdown period is 18 months
Almaty, 10 December 2014. Eurasian Development Bank (EDB) and Gallai Sugd signed finance lease agreements. The documents were executed by Rashid Kadyrov, Director of the EDB Representative Office in Dushanbe, and Farhod Kurbonov, General Director of Gallai Sugd, as well as Mirzoabbos Ohunov, Director of Gallai Shimoli, a subsidiary of Gallai Sugd
Italy is the top recipient of FDI in Europe, Turkey in the Middle East, and India in South and Southeast Asia.
Saint Petersburg, 10 December 2014. Despite the global economic crisis, accumulated foreign direct investment (FDI) by the CIS four largest economies in Eurasia beyond the CIS grew from US $41.1 billion to US $69 billion in
EDB to provide US $5 million to Aiyl Bank to develop microlending in Kyrgyzstan
Almaty, 28 November 2014. Today Eurasian Development Bank (EDB) and Aiyl Bank signed an agreement today to finance a microcredit programme in Kyrgyzstan. A US $5 million loan will be provided as a one-off tranche for three years. The agreement was signed by Dmitry Krasilnikov, Deputy Chairman of the Management Board at EDB, and Erkin Asrandiyev, Chairman of the Management Board at Aiyl Bank
Almaty, 28 November 2014. Today Eurasian Development Bank (EDB) and Alfa Bank signed an agreement to finance projects aimed at reducing energy consumption by enterprises and ensuring the efficient use of resources in Belarus. The agreement was signed by Dmitry Krasilnikov, Deputy Chairman of the Management Board at EDB, and Igor Katibnikov, Chairman of the Management Board at Alfa Bank
Almaty, 27 November 2014. The United Nations Secretariat registered under number 51782 the Foundation Agreement of Eurasian Development Bank (EDB) dated 12 January 2006 and its Charter annexed to the agreement. The respective certificate of registration (64617) is published on the UN’s website