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Integration and Macroeconomics

Member of the Board - Minister in charge of Integration and Macroeconomics Eldar Alisherov
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News on «Integration and Macroeconomics»

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.
24 Apr 2025 EAEU Countries Maintained Economic Growth Rates Above Global Average The meeting of the Advisory Committee on Macroeconomic Policy chaired by Eldar Alisherov, Minister in charge of Integration and Macroeconomics, reviewed the report for 2024 on the results and prospects of social and economic development and measures taken by the Member States in the field of macroeconomic policy. The economic growth rate as of year-end 2024 exceeded the global average: total GDP increased by 4.4%. Most of the key macroeconomic indicators demonstrated an upward trend. The measures taken by the Member State were aimed at ensuring macroeconomic stability, as well as timely imbalance prevention and settlement. The meeting was presented with the results of monitoring macroeconomic indicators that determine the sustainability of economic development of the Eurasian Economic Union states. It was noted that, in general, most EAEU countries maintain fiscal and debt sustainability. At the same time, achieving price stability remains one of the priorities of the macroeconomic policy of the Member States. The meeting participants discussed amendments to the Procedure for Approving Interval Quantitative Values of External Forecast Parameters Used to Prepare Official Forecasts of Social and Economic Development to improve the forecasting system approaches. The Advisory Committee on Macroeconomic Policy is an advisory body under the Board of the Commission that ensures the preparation of opinions, proposals, recommendations, and consulting on the issues of agreed macroeconomic policy within the Eurasian Economic Union.  In accordance with Article 63 of the Treaty on the EAEU, the macroeconomic indicators that determine the sustainability of economic development include the inflation rate, the budget deficit of the public administration sector and the debt of the public administration sector.
Eldar Alisherov Held Several Meetings During His Working Visit to Yerevan 22 Apr 2025 Eldar Alisherov Held Several Meetings During His Working Visit to Yerevan Eldar Alisherov, Minister in charge of Integration and Macroeconomics of the Eurasian Economic Commission, held a working meeting with Narek Hovakimyan, Deputy Minister of Economy of the Republic of Armenia. They discussed relevant matters of Eurasian integration, including the preparation of an action plan for implementing the 2030 Eurasian Economic Path Declaration. Among others, the parties considered topics requiring development of coordinated decisions. Within the working meeting with Mnatsakan Safaryan, Deputy Minister of Foreign Affairs of Armenia, issues related to implementing the Main Directions of International Activities of the Eurasian Economic Union for 2025 were discussed focusing on holding events with key international partners of the EEC, including through regional associations and international organizations. Eldar Alisherov also held negotiations with Stepan Mnatsakanyan, Head of the Statistical Committee and Chairman of the State Statistics Council. The parties discussed the current level of interaction and promising directions of developing long-term integration in the field of statistics. The discussion was about statistics digitalization and a scientific approach to its generation. Special attention was paid to the implementation of the SDMX data and metadata exchange standard.
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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.​
Minister in charge of energy and infrastructure of the Eurasian Economic Commission Adamkul Zhunusov answered questions of 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? ​
Interview of Andrey Lipin, Deputy Director of the Department for Macroeconomic Policy of the EEC, to 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.
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