OREANDA-NEWS. July 22, 2011. Eurasian Development Bank (EDB) presents the first issue of Macromonitor CIS - a quarterly macroeconomic review of CIS countries, reported the press-centre of KASE.

"The new edition is supposed to timely track the economic situation and its trends across the CIS, and in the first place in countries who are members of our Bank, - says Vladimir Yasinskiy, managing director for analytical work, a member of EDB Management Board. - Macromonitor is to provide information to the expert association of the region's countries and at the same time provide analytical support to the investment-credit arm of the Bank".

The current issue focuses on results of the 1st quarter and prospects till the end of 2011. EDB's analysts have come to a conclusion that at the beginning of the year the recovery of CIS economies was continuing:

- in the first quarter the region's economy grew by 4.8%,

- the net export was as before driving the economic growth in countries exporting raw materials,

- work migrants' money transfers were driving economies of countries exporting labour,

- thanks to a favourable economic situation in global commodities market state budgets have shown better indicators.