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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.

26 Feb 2025 Positive business activity trend continues in EAEU countries According to the updated calculation of matching and leading indicators, economic activity dynamics remain positive in all countries of the Eurasian Economic Union. The economies of the Republic of Kazakhstan, the Kyrgyz Republic and the Russian Federation are in the upturn phase, while the Republic of Armenia and the Republic of Belarus are in the slowdown phase. The Commission estimates that in March the current trends will continue in Belarus, Kazakhstan and Kyrgyzstan. Russia's economy will pass the peak of business activity, after which it will move to a gradual slowdown; for Armenia, a further slowdown is expected. The leading indicators are a forecasting tool used by the Commission to comprehend the direction of short-term business activity dynamics in the Eurasian Five countries. They accumulate the most important information about short-term processes unveiling the behavior of economic agents, as well as the main trends in the economy.

03 Feb 2025 Commission Notes Changed Business Activity Dynamics in EAEU Countries The results of calculating sufficient and leading indicators demonstrate a change in the business activity dynamics across the countries of the Eurasian Economic Union. According to the published forecasts, the economies of Kazakhstan and Kyrgyzstan remain in the upturn phase, while Russia and Belarus entered the slowdown phase. Armenia transitioned from the upturn to the downturn phase in business activity. The Member economies are expected to continue current trends in February 2025. The leading indicators are a forecasting tool used by the Eurasian Economic Commission to form an idea about the direction of the short-term business activity dynamics in the Eurasian Five countries. They accumulate the most important information about short-term processes unveiling the behavior of economic agents, as well as the main trends in the economy.  

31 Jan 2025 EAEU economic growth rate above global average for second consecutive year The Eurasian Intergovernmental Council has considered the report on macroeconomic situation in the Eurasian Economic Union Member States and proposals for ensuring sustainable economic development that the Eurasian Economic Commission annually submits to the EAEU countries. Eldar Alisherov, Minister in charge of Integration and Macroeconomics of the EEC, noted that the new configuration of trade, transport and logistics routes, labor migration and financial flows in the region, along with the active economic policy, served as a stimulus for economic growth in the EAEU. According to him, trade, financial and production ties in the Union demonstrated resilience, and the economies demonstrated the possibility to adapt to new changing conditions. According to the preliminary estimate by the EEC, the aggregate GDP of the EAEU grew by 4% in 2024, which is higher than the global average growth rate (3.2%) and initial forecasts. The total value of mutual trade in goods continued to grow at a higher rate in 2024 compared to foreign and mutual trade in other integration associations and will reach almost USD 100 billion by 2026. Eldar Alisherov stressed that the economies have favorable conditions that promote growth and convergence of income levels. This has been facilitated by the strong economic growth achieved over the past two years, capital accumulation and rising employment levels. The unemployment rate reached a historic low of 3%, while investment growth remains at a high level of over 8.2%. "Sustainable economic development can be promoted by increasing investments in network industries, such as telecommunications, transport and electricity. They should be aimed primarily at eliminating bottlenecks in the infrastructure associated with the reorientation of trade flows, improving transport and logistics connectivity of the Member economies, supporting labor mobility," concluded Eldar Alisherov. A report on the macroeconomic situation in the Eurasian Economic Union Member States and proposals to ensure sustainable economic development is prepared annually in accordance with Article 62 of the Treaty on the Eurasian Economic Union.  

23 Dec 2024 EAEU countries' economies maintain positive economic growth trends Following the first nine months of 2024, all countries of the Eurasian Economic Union continue to observe positive growth of gross domestic product (in Armenia by 6.0%, Belarus by 4.5%, Kazakhstan by 4.1%, Kyrgyzstan by 8.4%, and Russia by 4.2%), and the EAEU GDP growth rate in that period increased by 4.2%. The main sources of economic growth in all countries of the Union were wholesale and retail trade, manufacturing industry and construction. High rates of economic growth were also maintained in Armenia through operations with immovable property, in Belarus and Kazakhstan through agriculture, and Kyrgyzstan and Russia through financial and insurance activities. The EEC expects the Union's GDP to grow by 4.1% by the end of 2024. For gross domestic product data for January-September 2024, see:

03 Dec 2024 Experts from EAEU Countries Reviewed Implementation of Agreed Macroeconomic Policy A meeting of the Advisory Committee on Macroeconomic Policy, chaired by Eldar Alisherov, Minister in charge of Integration and Macroeconomics, considered a report on the macroeconomic situation in the Eurasian Economic Union countries and proposals for ensuring sustainable economic development. According to experts, the Union economies are maintaining stable rates of economic growth this year, which are expected to be higher than the world average by the end of 2024. The report covers the trends in the global economy development, dynamics and prospects for economic development of the EAEU countries. It was also noted that budget and debt stability are maintained in the Eurasian Five countries. At the same time, achieving price stability remains one of the priorities of the macroeconomic policy of the Member States. At the meeting of the Advisory Committee, an assessment of the impact of integration processes on the EAEU economies for 2016–2023 was also presented. The parties emphasized the importance of the work done and decided to continue improving the methodology for assessing the impact of integration processes. The meeting participants discussed plans for joint work for 2025, including further improvement and development of the existing methods for monitoring macroeconomic stability, assessing the impact of integration effects and macroeconomic forecasting. The Advisory Committee on Macroeconomic Policy is an advisory body at the Board of the Commission, which ensures the preparation of opinions, proposals, recommendations and consultations on 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.

27 Nov 2024 Positive trend of business activity in EAEU countries to remain until year end According to the updated calculation of congruent and leading indicators, economic activity dynamics will remain positive in all countries of the Eurasian Economic Union until the end of the year. The trends previously established in most countries of the Union will continue: in Armenia and Kazakhstan, business activity growth is expected to accelerate, while in Belarus and Russia, such growth will slow down. After a brief slowdown, Kyrgyzstan has entered a recovery phase so further growth acceleration is forecast. The leading indicators are a forecasting tool used by the Eurasian Economic Commission to comprehend the direction of short-term business activity dynamics in the Eurasian Five countries. They accumulate the most important information about short-term processes unveiling the behavior of economic agents, as well as the main trends in the economy. 

19 Nov 2024 EEC Monitored October Inflation Rate in EAEU Countries At the end of October, the annual inflation rate in the countries of the Eurasian Economic Union amounted to: 0.6% in Armenia, 5.9% in Belarus, 8.5% in Kazakhstan, 4.8% in Kyrgyzstan, 8.5% in Russia. Compared to December 2023, in October this year, the annual inflation slowed down in Kazakhstan by 1.3 p.p. and in Kyrgyzstan by 2.5 p.p.; inflation somewhat accelerated in Belarus by 0.1 p.p. and in Russia by 1.1 p.p.; in Armenia deflation turned to inflation. In the structure of consumer prices, inflation slowdown was observed for food products in Kazakhstan and Kyrgyzstan, for non-food products — in Armenia, Kazakhstan, Kyrgyzstan and Russia, for services — in Belarus and Kyrgyzstan. Measures taken by the governments and central (national) banks of the EAEU countries to curb the growth of consumer prices contributed to maintaining price stability. In accordance with Article 63 of the Treaty on the Union, the inflation rate (consumer price index) is one of the main macroeconomic indicators determining the economic development sustainability. The Commission monitors the inflation rate in the Union countries on a regular basis.

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