Mutual trade among EEU member countries gores to $62 billion

YEREVAN, December 11. /ARKA/. The mutual trade of the countries comprising the Eurasian Economic Union (EEU) has grown by 35% over the last 5 years to  $62 billion, up from $46 billion in 2015,  the honorary chairman of the Supreme Eurasian Economic Council, the first president of Kazakhstan, Nursultan Nazarbayev, said today.

Nazarbayev said  that the goal of integration, in spite of everything, is moving forward and is being achieved. So, as a result, the total GDP of the EEU countries grew by 21% to $2 trillion.

“However, the potential for further economic growth is still very large. It should be noted that these 5 years were very difficult years. And if we overcome all this and embark on the path of development, the indicators will be even better,” he said.

The EEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. Observer status has been granted to Moldova, as well as Uzbekistan and Cuba. –0–

spot_img

POPULAR

Top Travel Destinations of 2026: IDBank

Travel is no longer about just choosing a destination; it has become a way to embrace new experiences, discover various cultures, and create lasting memories.

Armenia to Raise Dividend Tax on Banks Starting in 2027

At its session on Thursday, the National Assembly of Armenia adopted amendments to the Tax Code and the RA Law "On State Duty" in the first reading.

Central Bank of Armenia explained in what cases it intervenes in the foreign exchange market

The Central Bank of Armenia intervenes in the foreign exchange market when the market becomes one-sided, stated Central Bank Chairman Martin Galstyan.

Moody’s Ratings affirms Unibank’s B1 ratings with a stable outlook

Moody's Ratings affirmed Unibank B1 long-term local and foreign currency bank deposit ratings and maintained the stable outlook.

Central Bank of Armenia does not expect a significant inflationary effect from the increase in excise taxes

Raising excise taxes on certain goods will not lead to significant inflationary consequences in Armenia, according to Central Bank Chairman Martin Galstyan.

LATEST NEWS

spot_imgspot_imgspot_img