EDB, EEC to jointly analyze economies of Customs Union countries

YEREVAN, November 12. /ARKA/. The Eurasian Development Bank (EDB) and the Eurasian Economic Commission (EEC) signed a memorandum of cooperation envisaging, first of all, expert support in integration processes.

The memorandum aims at cooperation in certain fields, particularly in carrying out joint analyses of a wide range of issues, including studies and projections on economic developments in member states of the joint economic area, chairman of EDB Board Igor Finogenov said, as quoted by Novosti-Armenia referring to RIA Novosti.

Chairman of EEC board Victor Khristenko, in his turn, said analytical support in integration processes is extremely important for the Customs Union and the Joint Economic Area.
It is of key importance to implement, first of all, major infrastructure projects, Khristenko said.

The aim is to make projections and to coordinate macroeconomic policies of the three countries (Russia, Belarus and Kazakhstan) and analyses of various aspects of economic is extremely important in this respect, Khristenko said. –0–

spot_img

POPULAR

ADB considers Armenia’s capital market development key to long-term financing, investment, and sustainable growth

Developing Armenia's capital market is considered key to increasing the availability of long-term financing and supporting investment, economic diversification, and sustainable growth, according to the ADB's Asian Development Outlook (April 2026).

Armenian authorities expect capital market value to double to 1.3 trillion drams by 2031 – Pashinyan

The capital market in Armenia is projected to grow from 664 billion drams in 2025 to 1.3 trillion drams by 2031, as stated by Prime Minister Nikol Pashinyan while unveiling the election platform of the Civil Contract party.

Armenian banks’ loan portfolio in Q1 amounted to AMD 8.01 trillion, an increase of over 22%

As of March 31, 2026, the total loan portfolio of Armenian banks stood at AMD 8.01 trillion, marking a 22.63% rise compared to March 31, 2025, and a 4.05% increase from December 31, 2025.

Some 68% of March inflation in Armenia contributed by food and non-alcoholic beverages-WB

In March, Armenia's inflation rose to 4.5 percent (yoy) from 4.3 percent (yoy) in February, according to World Bank's Armenia Monthly Economic Update – April 2026.

In February, Armenia’s net inflow of non-commercial money transfers grew moderately after a jump in January – WB

In February, net non-commercial money transfers to Armenia grew by 5.2 percent (yoy), following a 44 percent (yoy) surge in January, according to World Bank's Armenia Monthly Economic Update – April 2026 .

LATEST NEWS

spot_imgspot_imgspot_img