EAEU Development Tendencies, Formation of Energy Market, Armenia's Participation in Integration Processes
The decision of Armenia to become a member of the Eurasian Economic Union (EAEU) is conditioned by its economic connections with the Russian Federation (RF), and the current tendencies of the economic development in Armenia prove the rightness of that decision. The main achievement of Armenia in the EAEU, the tendencies of the development of the Union, existing problems were discussed during the round-table discussion under the title "The Role of Armenia’s expert and educational community in the development of Eurasian economic integration" in Yerevan on October 24.
The round-table discussion was initiated by Eurasian Economic Commission (EEC), NGO "Integration and Development", "Noravank" foundation and Eurasian Expert Club. The leading experts in the sphere of Eurasian integration participated in the discussion.
The Chairman of the NGO "Integration and Development" Aram Safaryan and Assistant to the President of the EEC Board Yulia Chalayan delivered opening speeches highlighting the importance of such events in terms of exchanging opinions between EEC representatives and expert community, discussing new ideas and developing important theses.
Doctor of Economic Sciences, Professor, member of the Eurasian Expert Club Ashot Tavadyan in his speech noted that Armenia’s membership to the EAEU had increased the competitiveness of the Armenian goods in the markets of Russia and other EAEU countries, while the difficulties connected with the crisis are being overcome. At the same time Tavadyan noted that there are still a number of shortcomings that need to be overcome, such as high level of corruption in member states, low level of discipline in implementing contracts, non-coordinated macroeconomic policy, etc.
Assistant to the President of the EEC Board Yulia Chalayan, in her turn, referred to the existing discourse on Armenia’s membership to the EAEU among the Armenian expert community, noting that "despite the politicization of the discourse, the membership is explained by economic preconditions." According to her the decision was a result of continuing increase of the exports to Russia, Russian big investments as well as cross-border exchange of currencies.
Tatul Manaseryan, Doctor of Economics, Professor, Head of the "Alternative" Research Center, member of the Eurasian Expert Club, also spoke about the benefits of Armenia's membership to the the EAEU. The expert paid attention to the economic activity, recorded in Armenia in the period of January-September (2017), as well as rapid growth of external trade compared to the same period of the previous year. According to him in the first nine months of 2017 the index grew by 21.7%. The volume of the export of goods and service from Armenia increased by 19.1%, while the imports - by 23,2%. The money transfers from Russia increased by 18 % for August, as compared to the same month of the previous year.
The participants of the round-table discussion paid special attention to the development of energy sector in the framework of the EAEU cooperation. Leonid Shenets, Director of the Energy Department of the Eurasian Economic Commission, underlined the importance of increasing the efficiency of electricity production, the need of employing more saving methods. "The EAEU states have much bigger potential of electricity supply, but they use much more resources on them than Western countries."
The round-table discussion participants emphasized the productiveness of the discussion and the need to continue the cooperation in this format.
- Armenia Stays Loyal to Its Two-Vector Integration Policy Reactions to Nikol Pashinyan's election as prime minister also testified the consistent work that had been carried out with both Russia and the West.
- Wine Can Become a National Armenian Brand for Export It is known that the main Armenian products that enter the Eurasian markets are high-quality Armenian cognac, which is a national brand and is exported mainly to Russia, Belarus and Kazakhstan, but in...
- EAEU and Iran May Sign a Free-Trade Agreement in 2018 "Negotiations with the EAEU are proceeding well. Iranian Ministry of Industry and Trade is negotiating, they are satisfied. I very much hope that we will see the signing of this agreement in 2018," he...
- Armenia Shows the Best Results in the EAEU: the Eurasian Expert Club Sums up the Results of the Year During the annual conference certificates were presented to five new members of the Eurasian Expert Club, as well as gratitude certificates to the representatives of ten Armenian media for objective coverage...
- Armenia's Integration Processes in 2017 This year, by signing the Comprehensive and Enhanced Partnership Agreement with the EU, Armenia has finally implemented its "both and" policy.
American Actress Uses Armenian Genocide to Prove Trump Will Pave the Way for another Hitler
ECHR Fines Armenia over Procedural Violations
Arpine Hovhannisyan Met with EEAS Managing Director for Europe and Central Asia
Moldovan Parliament Fails to Ensure Enough Votes for EU Integration Constitutional Clause
Bako Sahakyan Visits to the Eastern Section of the Artsakh-Azerbaijani Borderline
EU Countries Who Refuse To Host Refugees Could Pay More For Projects
Trump Threatens to Call US Military to Close Southern Border as 4,000-Strong Migrant Caravan Pushes North
Ambassador: France’s Position on Karabakh Remains the Same
Nikol Pashinyan Sends Condolence Letter on Demise of Ara Güler
Karabakh: Solemn Event Marking the Centennial of the Msmna Battle
Karabakh Settlement Issue: Armen Sargsyan's Visits to the USA, Moscow and Stepanakert:
Legendary Turkish-Armenian Photographer Ara Guler Dies at 90
Brexit: UK "May Consider Longer Transition Period'
Nikol Pashinyan, Armen Sarkissian Discuss Issues Related to Political Situation in Armenia
“We Intend to Exempt Micro Business From Taxes” - Nikol Pashinyan Visits Charity Fair Organized by Syrian-Armenians
Tusk has No Optimism on Brexit Deal
The Main Results of the Francophone Week in Yerevan
Anna Burns Wins Man Booker Prize for Milkman
Armenia Improves Positions in Global Competitiveness Index
Turkish President Erdoğan Meets Pompeo in Ankara
Brigitte Macron: We Feel So Good in Armenia that We Don't Want to Leave
In Honor of Canada’s Prime Minister Justin Trudeau, RA Prime Minister Nikol Pashinyan Gave Official Dinner (photos)
Macron: April 24 to be Remembered in France as the Day of Remembrance of the Armenian Genocide
It Is Suggested in Armenia to Rename one of the International Airports in Honor of the Great Chansonnier Charles Aznavour
German Publicist about Erdogan's Visit: You Mean the Carpet, which Is Painted with the Blood of Armenians?
Justin Trudeau: Many Years ago I Had the Opportunity to Visit Armenia with my Father during Summer Holidays
Aliyev Criticized International Observers' Assessment on the Yerevan Council of Elderly Elections before the Election Results Were Published
CSTO Chief of Joint Staff not Authorized to Comment on Matter Regarding Secretary General Yuri Khachaturov
Sharmazanov to Speaker of Azerbaijani Parliament: You Should Recognize the Full Exercise of Artsakh People’s Right of Self-Determination
Artsakh's Defense Army Serviceman Artsakh Hovsepyan Posthumously Awarded with the "For Service in Battle" Medal
Wind: 12.87 km/h