Russian Culture Ministry urges Arctic tourism developmentSociety & Culture June 26, 8:27
Scientists call Arctic 'blank space' on world archaeology mapBusiness & Economy June 26, 8:13
Anton Siluanov: “...It's worth any price you pay”Business & Economy June 26, 8:00
Russia hopes Astana talks on Syria will yield package of documents on de-escalation zonesRussian Politics & Diplomacy June 25, 20:31
Russians’ real incomes up by 3% in May - Russian finance ministerBusiness & Economy June 25, 18:39
All doping tests of Russian players at 2014 FIFA World Cup are negativeSport June 25, 15:10
Police refrains from calling Newcastle incident a terrorist attackWorld June 25, 13:14
Putin offers condolences to Pakistan’s president over fire victimsRussian Politics & Diplomacy June 25, 12:39
Fire of fuel tank kills 123 people in Pakistan - TVWorld June 25, 7:58
MOSCOW, October 14. /TASS/. Experts of the Eurasian Development Bank (EDB) note the normalizing trend in economies of member-states, the bank said on Friday.
"Gradual normalization of economic dynamics is worth to be expected by the end of this year from standpoint of normalization of rates and payment balance parameters against the background of capital outflow contraction," EDB Chief Economist Yaroslav Lisovolik said.
"Despite the fact that gradual relaxation of monetary policy will attribute extra impetus for recovery of economies in countries of the region, the core potential for accelerated recovery will be still concentrated in the field of structural transformations, including dividends EDB countries may receive from economic integration," he added.
Analysts of the bank expect inflation across EDB members will decline to 6.1% in 2016. Inflation in Russia will be less than 6% by 2016 year-end and this indicator "may renew its all-time low figures and turn to be 4%," the Bank said.
The Eurasian Development Bank is an international financial organization established by Russia and Kazakhstan in 2006. The Bank’s charter capital totals $7 billion. EDB members are Armenia, Belarus, Kazakhstan, Kirgizia, Russia and Tajikistan.