Tue, 29 April
19.1 C
Yerevan
USD: 389.46 RUB: 4.73 EUR: 441.92 GEL: 141.70 GBP: 519.38
spot_img

Armenian PM calls for increasing share of national currencies in settlement of transactions within EEU

YEREVAN, December 10. /ARKA/. Speaking at a meeting of the Supreme Eurasian Economic Council today via videoconference Armenian Prime Minister Nikol Pashinyan said EEU member states should realize the strategic goal of increasing the share of national currencies in the settlements of trade transactions among EEU member states.

In his words, the rise in prices of foods and commodities all over the world once again confirm it.

According to him, a year after the adoption of strategic directions of the EEU development for the next 5 years, ‘ we can talk about very encouraging and intermediate results.’  

Pashinyan noted that an important aspect of the Eurasian integration development and one of the main criteria of the EEU interaction is the development of the Union’s internal market.

He said the functioning of the internal market without barriers, restrictions and exemptions  will be a powerful impetus for the economic  growth of the EEU member states, increasing their competitiveness, boosting business, creating new  jobs and reducing unemployment.

Pashinyan noted that deepening of integration processes will promote structural transformation of economies of the EEU member states, their modernization and diversification which is extremely important amid fluctuating world commodity prices.

“In addition, it is obvious that trade in services, which has become a dynamic component in today’s world economy, is a new stimulus for the diversification of exports of developing countries. In such circumstances, the importance of increasing exports of services by the EEU member states, the volume of which is not yet so significant, is growing,” he said.

According to the Prime Minister, a monitoring of the implementation of liberalization plans and analysis of the services market of the EEC and its member states will allow to formulate a number of problems of its functioning and to continue further constructive work based on mutual understanding and consideration of interests of all the member states. -0-

spot_img

POPULAR

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenian Banks Contribute AMD 28.3 Billion in Taxes During Q1 2025

In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.

Armenia’s international reserves rose to $3.9 billion in March, providing 2.9 months of import coverage – WB

Armenia's international reserves increased to $3.9 billion in March 2025, offering 2.9 months of import coverage, according to the World Bank's Monthly Economic Update for April 2025.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img