Almaty, 16 October 2014. In Q2 of 2014 the GDP growth in CIS countries continued to go down and reached 0.9% year-on-year. This conclusion is made in the new issue of The CIS Macromonitor published by the Research Department of Eurasian Development Bank (EDB).
The report states that the key factor beyond the economic slowdown in the CIS was the political crisis around Ukraine. The resulting drastic growth in uncertainty, the outflow of capital from the region, and exchange rate fluctuations affected consumption and investment. As a result, the economic indicators of all the three groups of CIS countries (oil and gas exporters, labour exporters, and countries with diversified exports) worsened.
The growth in Azerbaijan’s GDP slowed down in the first six months and was 2.1% compared year-on-year. The recession in the oil and gas sector continued, although to a lesser extent: 3.9% in Q2 compared to 4.1% in Q1. Non-oil and gas sectors also grew at a slower pace of 7%, compared to 8.8% in Q1
Almaty, 14 October 2014. Eurasian Development Bank (EDB) signed a loan agreement with NBD Bank today. Under the agreement EDB will provide a third loan to NBD Bank to finance small and medium-sized businesses, to the tune of RUB 175 million. The agreement was signed by Dmitry Krasilnikov, Deputy Chairman of the Management Board at EDB, and Alexender Sharonov, Chairman of the Management Board at NBD Bank
At the summit meeting of the Supreme Eurasian Economic Council, which took place in Minsk on Friday, the presidents of Belarus, Kazakhstan, Russia, Armenia and Kyrgyzstan discussed current financial, organisational and technical matters related to the start of the Eurasian Economic Union’s work on 1 January 2015
Moscow, 9 October 2014. “We managed to provide a regular floor for a broad and comprehensive discussion of Eurasian integration,” said Igor Finogenov, Chairman of the Management Board at Eurasian Development Bank (EDB), today in his opening speech at the 9th International Conference on Eurasian Economic Integration
Moscow, 9 October 2014. The 9th International Science-into-Practice Conference on Eurasian Economic Integration organised by Eurasian Development Bank (EDB) opened today at the President Hotel in Moscow
Energy efficiency is “invisible fuel,” which helps to reduce the cost of products and improve profitability in the real sector.
Almaty, 1 October 2014. Programmes to improve energy efficiency in the industrial sectors of Belarus, Kazakhstan, Russia, and Ukraine can promote reduced energy consumption and stability in the context of growing tariffs. This is the conclusion suggested in the Invisible Fuel report prepared by Eurasian Development Bank (EDB) and EY (former Ernst & Young)
Saint Petersburg, 30 September 2014. Mutual foreign direct investment (FDI) accumulated in CIS countries and Georgia amounts to US $49.1 billion. For the first time over several years of consistent growth this indicator went down by 10%. This conclusion is suggested in the annual report by Eurasian Development Bank’s (EDB) Centre for Integration Studies Monitoring Mutual Investments in CIS Countries 2014. Russia accounted for almost 85% of all accumulated mutual FDI in the CIS and Georgia (US $41.63 billion) and Kazakhstan 9% (US $4.37 billion)
Almaty, 26 September 2014. Eurasian Development Bank (EDB) conducted its fourth Ecological Patrol initiative. The Bank’s employees in Armenia, Belarus, Kazakhstan, Russia, and Tajikistan went to protected nature areas to clean parks and water reservoirs and plant trees
Over the recent year, the support for the Customs Union among the population of Kazakhstan and Russia grew by more than 11%, to 84% and 79% respectively. In Belarus, 68% of the population approves participation in the Customs Union.
In Ukraine and Azerbaijan, possible participation in Eurasian economic integration rouses predominantly negative attitudes.
These are the results of EDB’s annual research Integration Barometer.
St. Petersburg, 23 September 2014. Kazakhstan, Russia and Belarus have a high level of public approval of Customs Union activities: 84%, 79%, and 68% respectively.
The results of the third research into preferences of the CIS region population with respect to various aspects of Eurasian integration suggest that the “integration core” of the Eurasian Economic Union (EEU) continues to form and crystallise. The research has been performed by Eurasian Development Bank’s Centre for Integration Studies and the Eurasian Monitor International Research Agency.
Over 13,000 people from ten CIS countries and Georgia (between 1,000 and 2,000 people in each country) took part in the poll