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

The investment portfolio of Armenian banks in the second quarter amounted to 1.93 trillion drams, a decline of 9.5% year-to-date

The total investment portfolio of commercial banks in Armenia at the end of June 2026 amounted to 1,933,341,220 thousand drams, a decrease of 202.38 billion drams, or 9.48%, year-to-date.

Armenia’s bank rates are responding slowly to the Central Bank’s rate cut, regulator 

Interest rates in Armenia's banking system are adjusting slowly, despite the reduction in the monetary policy rate and short-term market rates.

Central Bank of Armenia has identified the reasons for the acceleration of inflation to 5.1% in June

External price pressure, rising local food prices, and a slight expansion of domestic demand contributed to the acceleration of annual inflation in Armenia from 3.9% in June 2025 to 5.1% in June 2026.

Armenian banks’ investments in securities in the second quarter amounted to 1.92 trillion drams

The total volume of investments by Armenian commercial banks in securities as of the end of June 2026 amounted to 1,922,826,829 thousand drams.

Armenia’s public debt will remain stable at just above 40% in the medium term – S&P

Armenia's public debt (excluding liquid assets) will remain broadly stable at just above 40% of GDP in the medium term, according to a report from the international rating agency S&P Global Ratings.

LATEST NEWS

spot_imgspot_imgspot_img