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Economy and financial policy

Member of the Board – Minister in charge of Economy and Financial Policy Bakytzhan Sagintayev
Reception Office of the Chairman Tel. 8 (495) 669-24-07

News on «Economy and financial policy»

20 Nov 2023 EAEU tax policy and administration are being improved Practical issues of improving the procedure for collecting indirect taxes in mutual trade across the Eurasian Economic Union, as well as issues of information exchange between the tax authorities of the EAEU countries were considered at a meeting of the Advisory Committee on Tax Policy and Administration chaired by Arkady Khachatryan, Director of the Financial Policy Department of the Eurasian Economic Commission, at the EEC headquarters on November 17. The meeting was attended by the heads and experts of authorized state bodies in charge of the EAEU tax policy issues. Members of the Advisory Committee also looked into an overview of the main changes in tax legislation affecting mutual trade of the EAEU countries: tax administration, VAT, excise duties, collection of personal income tax, information exchange, international taxation and digitalization of tax administration, including electronic services. As part of monitoring the status of international treaties (agreements) in the field of taxation, the meeting reviewed changes to the Treaty on the Eurasian Economic Union dated May 29, 2014, which have been introduced or are being ratified. Special attention was paid to changes to the 2nd Major Protocol, which was signed on March 31, 2022 and is awaiting ratification. As was noted by Nurmatbek Mambetaliev, the executive secretary of the Advisory Committee and Head of the Tax Policy Section of the EEC Financial Policy Department, the meeting participants emphasized the issue of e-commerce taxation in the EAEU. The Commission and the authorized bodies of the Union States will continue to work on agreeing the relevant draft Protocol (Draft Protocol on Amendments to the Treaty on the EAEU regarding the procedure for collecting indirect taxes on e-commerce in goods sold to individuals). A report on the implementation progress will be delivered at the next meeting of the Advisory Committee. The meeting participants considered the issue of improving the exchange of information between tax authorities using information technology, as well as the progress in implementing the Agreement on the Mechanism for Traceability of Goods Imported into the EAEU Customs Territory. With regard to tobacco products, the meeting discussed the excise duty rates, the convergence of which is provided for under the Agreement on the Principles of Tax Policy in the Field of Excise Duties on Tobacco Products of the EAEU Member States. In accordance with this document, a common indicative rate is established every five years, as well as the permissible range of deviations from it in excise duty rates established by the States of the Union. Following consultations with the parties, a package of documents On Approval of a Common Indicative Excise Duty Rate on Tobacco Products in the Member States of the Eurasian Economic Union for 2029 was prepared for consideration at the meeting of the EEC Board. For reference The Advisory Committee on Tax Policy and Administration was created by Decision No. 13 of the EEC Board dated March 15, 2012. The Chairman of the Committee is Bakytzhan Sagintaev, EEC Minister in charge of Economy and Financial Policy. The Committee is the Commission's advisory body on tax policy issues and improving the mechanism for collecting taxes in mutual trade.
Bakytzhan Sagintaev took part in International Exchange Forum 16 Nov 2023 Bakytzhan Sagintaev took part in International Exchange Forum On November 16 in Almaty, Bakytzhan Sagintaev, Minister in charge of Economy and Financial Policy of the Eurasian Economic Commission, took part in the International Exchange Forum "The Role of Exchanges in Transforming Financial Markets", organized by Kazakhstan Stock Exchange JSC as part of the 11th Congress of Financiers of Kazakhstan. During the plenary discussion, the Forum attendees considered current trends and prospects for developing the capital markets and exchange business. The panel discussions focused on the challenges and opportunities of digital transformation in the financial market, organisation of trading in state securities, IPOs and attracting retail investors. Besides, the event focused on developing new instruments and services, as well as the ESG agenda in the financial market. On the sidelines of the Forum Bakytzhan Sagintaev held a number of meetings on creating the Eurasian Economic Union's common exchange space, mutual admission of securities, brokers and dealers to the EAEU countries' exchanges.
15 Nov 2023 Bakytzhan Sagintaev took part in 11th Congress of Financiers of Kazakhstan Bakytzhan Sagintaev, Minister in charge of Economy and Financial Policy of the Eurasian Economic Commission, took part in the 11th Congress of Financiers of Kazakhstan "Tenge: Road to Global Markets" held on November 15 in Almaty. The Congress participants considered topical aspects of macroeconomic policy and the financial sector. The panel sessions discussed monetary policy in the current environment, macroeconomic stability and fiscal discipline, as well as topics of financial sector cyber resilience and the role of innovation in global financial market change.  During the Congress, Bakytzhan Sagintaev held meetings with Timur Suleimenov, Chairman of the National Bank of the Republic of Kazakhstan, and Madina Abylkassymova, Chairperson of the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan. In particular, they discussed establishing the Eurasian Economic Union's common financial market and harmonizing the EAEU countries' legislation in the financial sphere.
31 Oct 2023 EEC and WHO develop cooperation Prospects for further cooperation between the Eurasian Economic Commission, including on health protection of migrants in the Eurasian Economic Union countries, were discussed by Altynai Omurbekova, Director of the EEC Labour Migration and Social Protection Department, and Arsen Nasyrkhanov, Assistant Minister in charge of Economic and Financial Policy of the EEC, with the representatives of the World Health Organization (WHO). The meeting was held as part of the 73rd session of the WHO Regional Committee on 24 October in Astana. The session was attended by Ministers of Health from more than 50 WHO Member States. In total, more than 650 people were delegated by the countries to the event. The Commission's representatives took part in considering relevant matters and overriding problems in the field of public health of the European Region States. Information was heard on the current state of health and well-being of people, and improving preparedness for public health emergencies. This also entailed overcoming the crisis affecting the health and medical and social workforce, combating the threat of antimicrobial resistance, and improving protocols and practices governing the health care of refugees and migrants.  Following the meeting between the EEC and WHO representatives, an arrangement was reached to hold an inter-country meeting on health issues in early 2024. It is planned to discuss some ways to meet the health care needs of labour migrants in the Central Asian region. Representatives of the EAEU Member States and international organizations are expected to attend. For reference The interaction between the Commission and WHO is carried out within the Memorandum of Understanding between the EEC and the Regional Office for Europe of the World Health Organization dated October 13, 2021. The Commission's representatives were actively involved in preparing the Action Plan for Refugee and Migrant Health in the WHO European Region 2023–2030.
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Decisions on «Economy and financial policy»

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11/14/2023 12:00:00 am Решение Коллегии ЕЭК № 165 О внесении изменений в Решение Коллегии Евразийской экономической комиссии от 21 апреля 2015 г. № 30 и признании утратившими силу некоторых решений Коллегии Евразийской экономической комиссии
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11/24/2023 12:00:00 am Решение Совета ЕЭК № 143 О внесении изменения в Решение Совета Евразийской экономической комиссии от 23 ноября 2020 г. № 105
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11/24/2023 12:00:00 am Решение Совета ЕЭК № 142 О внесении изменения в Решение Совета Евразийской экономической комиссии от 20 октября 2023 г. № 114
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11/24/2023 12:00:00 am Решение Совета ЕЭК № 141 О внесении изменений в приложение № 1 к Правилам определения страны происхождения отдельных видов товаров для целей государственных (муниципальных) закупок
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11/24/2023 12:00:00 am Решение Совета ЕЭК № 140 О внесении изменений в некоторые решения Комиссии Таможенного союза в отношении отдельных видов красок и лаков

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14 2016 The interview of the Minister on the technical regulation of the EEC Valery Koreshkov with BELTA news agency on establishment of the common market of medicines in the Eurasian Economic Union Medicines is the first group of specific goods, with which the EAEU countries started to work closely by the beginning of the functioning of the common market. Using this experience, the EAEU will form other common markets - for finances, energy, oil and gas, and so on. The BELTA journalist discussed with the EEC Board Member - Minister in charge of technical regulation Valery Koreshkov, what stages are yet to be covered and how the common market of medicines will work.​
14 2016 the Minister in charge of Economy and Financial Policy, Doctor of Law Askar Kishkembaev with the newspaper “Kazakhstanskaya Pravda”: “Integration initiatives of the independent Kazakhstan in the post-Soviet space. View from Moscow” In just a few days Kazakhstan will celebrate the main national holiday of the Republic, the Kazakhstan’s Independence Day. On this day in 1991, the Supreme Council of the country adopted a law on the Republic’s independence and state sovereignty of Kazakhstan.
Minister in charge of energy and infrastructure of the Eurasian Economic Commission Adamkul Zhunusov answered questions of 09 2016 Minister in charge of energy and infrastructure of the Eurasian Economic Commission Adamkul Zhunusov answered questions of "RUSARMINFO" and shared his view on the level of integration of Armenia in the common energy market of the Eurasian Union ​​How do you estimate the level of integration of Armenia in the common energy market of he EAEU? And what are the objective possibilities of development? ​
Interview of the Minister in charge of Economy and Financial Policy Timur Suleimenov to BelTA Information Agency: “Belarus plays a key role in all integration processes in the EAEU” 24 2016 Interview of the Minister in charge of Economy and Financial Policy Timur Suleimenov to BelTA Information Agency: “Belarus plays a key role in all integration processes in the EAEU” For two years, Belarus, Russia, Kazakhstan, Armenia and Kyrgyzstan have been living in conditions of the Eurasian Economic Union, facing certain challenges and trying to resist them together. At the end of October, another large meeting within the Union will be held in Minsk - a meeting of the Eurasian Intergovernmental Council. On the eve of this important event, BELTA reporter met with the EEC Board Member - Minister in charge of Economics and Financial Policy Timur Suleimenov to find out what the year of 2016 was like, how the EAEU will address issues of parallel imports and establish the rates of customs duties and what measures have been taken to establish the common financial market.​
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