Integration and Macroeconomics

Eldar Alisherov

News on «Integration and Macroeconomics»

29 May 2025 EEC prepared first quality assessment report on EAEU statistics A meeting of the Advisory Committee on Statistics of the Eurasian Economic Commission considered the annual results of implementing the Program for Developing Integration in the Field of Statistics of the Eurasian Economic Union for 2021-2025 and the Strategic Directions for Developing the Eurasian Economic Integration until 2025. The meeting participants discussed the report on the quality assessment system of the EAEU official statistical information for 2024. The he Advisory Committee members emphasized the relevance of this work and concluded that it should be carried out annually. It was also noted that the introduction of digital technologies in statistics will significantly reduce the time needed to produce papers. The report was prepared in accordance with the requirements of the guidelines for assessing the quality of statistical information of the Union, developed by the EEC Statistics Department jointly with the authorized authorities of the Union states. The next meeting of the Advisory Committee on Statistics is scheduled for October 2025. For more information on the meeting of the Advisory Committee on Statistics please visit the Statistics Department page, the Advisory Committee on Statistics section.

27 May 2025 EEC and Thailand intensify interaction Mikael Belluyan, Director of the Eurasian Economic Commission's Integration Development Department, and Somrudee Poopornanake, Deputy Director-General of European Affairs Department of the Thai Ministry of Foreign Affairs, discussed promising areas of cooperation between the EEC and the Government of the Kingdom of Thailand. Mikael Belluyan noted that the Commission proposes to intensify joint work to expand trade between the Eurasian Economic Union states and the Kingdom of Thailand, including within the framework of the Memorandum of Cooperation. He also said that an industry seminar on the Eurasian economic agenda is planned to be held in June 2025 for representatives of the official circles and business community of Thailand. The parties discussed the possibility of holding the 3rd meeting of the joint working group on interaction between the EEC and the Government of Thailand, during which practical issues of cooperation, as well as a joint action plan will be considered. Somrudee Poopornanake supported the proposals and noted Thailand's willingness to enhance a dialogue with the EEC within the framework of the Memorandum and interest in the development of trade and economic cooperation with the EAEU countries, including in the context of exploring the possibility of creating an FTA between the EAEU, its Member States, and the Kingdom of Thailand. The Memorandum of Cooperation between the EEC and the Government of the Kingdom of Thailand was signed on November 19, 2018. According to the document, the parties intend to cooperate in such areas as regional economic integration; trade policy; analysis of economic development and macroeconomic situation in the Member States of the Eurasian Economic Union and the Kingdom of Thailand; customs regulation; technical regulation; sanitary, veterinary-sanitary and phytosanitary quarantine measures; finance; transport; energy policy; the agricultural sector; competition policy and antitrust regulation; industry; intellectual property; consumer rights protection; information and communication technologies and digital economy; trade in services and investments; entrepreneurship development; public procurement; other areas of mutual economic interest.

15 May 2025 Eldar Alisherov met with deputies of Kyrgyz Jogorku Kenesh Further development of economic cooperation of the Kyrgyz Republic with its partners in the Eurasian Economic Union was discussed at the meeting between Eldar Alisherov, Minister in charge of Integration and Macroeconomics of the Eurasian Economic Commission, and deputies of the Jogorku Kenesh of the Kyrgyz Republic. Emphasis was placed on the implementation of the Strategic Directions for Developing the Eurasian Economic Integration until 2025 and the Eurasian Economic Path Declaration on Further Development of Economic Processes within the Eurasian Economic Union until 2030 and for the Period until 2045. The meeting was also attended by Alexey Vedev, Director of the EEC Macroeconomic Policy Department, who noted that in 2024 Kyrgyzstan achieved a high economic growth rate of 9%, which is several times higher than the global average (3.2%). According to him, this is a consequence of the measures taken nationally and the quality of macroeconomic management, as well as improving the sustainability and balance of economic development. According to EEC estimates, economic growth was spurred by high investment activity and a decline in the shadow economy. Price stability was ensured: consumer price growth amounted to 6.3%, which is in line with the medium-term inflation target. The fiscal and debt sustainability improved: the budget was executed with a surplus, and the ratio of public debt to GDP decreased significantly. The measures taken allow maintaining positive macroeconomic dynamics, as is confirmed by the results of monitoring the social and economic development of Kyrgyzstan for the first quarter of 2025, conducted by the Commission.

29 Apr 2025 EEC and Government of Jordan to intensify interaction under memorandum of cooperation Prospects for trade and economic dialogue between the Eurasian Economic Commission, the Eurasian Economic Union Member States and the Hashemite Kingdom of Jordan were discussed by Mikael Belluyan, Director of the EEC Integration Development Department, and Khalid Abdullah Shawabka, Ambassador Extraordinary and Plenipotentiary of the Hashemite Kingdom of Jordan to the Russian Federation. Mikael Belluyan confirmed that the EEC supports the earlier proposals made by the Jordanian party to intensify the work, including under the Memorandum of Cooperation. The Director of the EEC Department initiated the first meeting of the joint working group in 2025, the agenda of which is proposed to include practical issues of intensifying trade and economic cooperation and shaping a joint action plan. Such events could be sectoral seminars on the Eurasian economic agenda for representatives of Jordanian official circles and business community. Khalid Abdullah Shawabka supported these proposals, adding that the Jordanian party is open for interaction and EEC initiatives and is ready to engage in them at a high level. The meeting participants agreed to address the issues of intensifying cooperation; for this purpose it is planned to establish interaction between the EEC and the Ministry of Industry and Trade of Jordan. Mikael Belluyan invited the Jordanian Ambassador to Russia to participate in the Eurasian Economic Forum to be held in Minsk in June 2025. The Memorandum of Cooperation between the EEC and the Government of the Hashemite Kingdom of Jordan was concluded in 2017. According to the document, the parties intend to cooperate in such areas as regional economic integration; analysis of economic development and macroeconomic situation; customs regulation; technical regulation; application of sanitary, veterinary and phytosanitary quarantine measures; finance; transportation; energy; the agricultural sector; competition policy and antitrust regulation; industry; intellectual property; information technology; trade in services and investments; business development; public procurement; other areas of mutual interest.

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Materials for the direction

14 Dec 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.

09 Nov 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?

04 Feb 2016 Interview of Andrey Lipin, Deputy Director of the Department for Macroeconomic Policy of the EEC, to "Vedomosti": "Integration: Running Without Barriers" Since January 2015, the integration processes between Belarus, Kazakhstan, Russia and Armenia, which joined during the year, and the Kyrgyz Republic have been regulated by the Treaty on the Eurasian Economic Union (EAEU) that aims at creating a single market for goods, services, capital and labor.

01 Dec 2015 Interview of the EEC Minister Danil Ibrayev to website Russianews.net: "We are protecting the interests of five states" Undoubtedly, Europe has heard of the Eurasian Economic Commission. But both the European Commission, and the Europeans themselves, cannot really imagine what it is, and in particular, whether it threatens the economic interests of the EU or whether it can become its partner. Is it the equivalent of the European Union, but it covers an even larger area, or the revival of the Soviet Union? We met with the Member of the Board of the Eurasian Economic Commission Danil Ibrayev to clarify these questions.