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predictionThere is potential for an additional $4.9 billion in trade by 2030, which will be facilitated by the development of new routes and the EAEU–UAE agreement that entered into force in October 2026.ЕАБРstatementElectric power is the driver: its share in the Gulf portfolio grew from 2% to 34%, to $10.5 billion, with the main increase from solar and wind generation in Uzbekistan.ЕАБРstatementKazakhstan attracted $5.3 billion in FDI.ЕАБРstatementUzbekistan saw the fastest growth, more than 25 times, to $11.3 billion.ЕАБРstatementTurkmenistan is the largest recipient of investments ($14.4 billion).ЕАБРstatementInvestments grew from $9.1 billion to $31.1 billion by mid-2026.ЕАБРstatementThe UAE is the main trade partner of Central Asia, accounting for 94%.ЕАБРstatementTrade between Central Asia and the Persian Gulf countries grew from $1 billion in 2020 to $3.9 billion in 2025.ЕАБРstatementIn January–September 2026, Armenia's economic activity indicator increased by 6.9% y/y, after 7.3% y/y in January–August.ЕАБРstatementThe main sources of growth in Armenia's economic activity remain services and construction.ЕАБРstatementThe EDB is implementing a sustainable irrigation project in Kazakhstan together with the relevant ministry and UNDP.ЕАБРstatementThe EDB supports the development of the QazSu system.ЕАБРpredictionEABR expects inflation in Tajikistan to remain in the lower half of the target range (5±2%) until the end of 2026.ЕАБРpredictionEABR expects the key rate to stay at 14% until February–March 2027.ЕАБРstatementThe Bank of Russia raised its forecast for the average key rate in 2027 to 12.5–13.5% from 10.5–12.5% previously.ЕАБРstatementThe Bank of Russia kept the key rate at 14% on 23 October.ЕАБРpredictionEABR expects the base rate to stay at 15.75% until the end of 2026.ЕАБРstatementThe National Bank of Kazakhstan cut the base rate from 16.25% to 15.75% on 23 October.ЕАБРpredictionEABR expects Belarus GDP growth of about 2.1% for 2026.ЕАБРstatementBelarus GDP grew 2.0% y/y in January–September 2026, staying at the January–August level.ЕАБР
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