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28 Apr 2025 EEC and Egyptian Competition Authority Signed Memorandum of Understanding As part of his working visit to Egypt on April 28, Maxim Ermolovich, Minister in charge of Competition and Antitrust Regulation of the Eurasian Economic Commission, signed a Memorandum of Understanding on competition between the EEC and the Egyptian Competition Authority. The document is aimed at joint work in the field of competition policy and antitrust regulation in order to strengthen partnership in this area. The Memorandum contains specific forms of cooperation, including exchange of experience in competition investigations, commodity market studies, participation in joint events held by the EEC and the Egyptian Competition Authority, organization of joint meetings, consultations, thematic seminars and conferences. At the Memorandum signing ceremony Maxim Ermolovich noted, "We have previously established a practical dialogue with Egypt, which we have officially reinforced today. I would like to reiterate the Commission's readiness to implement the Memorandum provisions efficiently to enhance our productive interaction. Such a partnership is key to ensuring fair competition in our countries."
28 Apr 2025 Maxim Ermolovich, "The Egyptian Competition Authority has evolved into a strong regulator with multifaceted experience, competencies and professionalism" On April 28 in Cairo (Egypt), Maxim Ermolovich, Minister in charge of Competition and Antitrust Regulation of the Eurasian Economic Commission, took part in the conference "20 Years of the Egyptian Competition Authority: Milestones and Future Prospects". The event, held under the auspices of the Prime Minister of Egypt, brought together leaders from competition authorities, international organizations, public officers, and experts to discuss relevant matters and challenges in the field of competition policy. Maxim Ermolovich noted the high level of cooperation of the Eurasian Economic Union states with Egypt in the field of competition, touched upon the main achievements of the country in this area and emphasized the role of Egypt as one of the leaders in developing competitive partnership in the African region. The EEC Minister emphasized promising areas of cooperation with Egypt, such as exchange of legislative innovations, experience in conducting investigations into competition violations, commodity market research, including sectoral analysis, as well as stock trading. "We highly appreciate the achievements of our colleagues from Egypt and are interested in disseminating and possibly introducing or scaling up their unique experience of lawmaking and competition law enforcement," Maxim Ermolovich emphasized. The event included thematic sessions devoted to discussing the role of courts and parliaments in ensuring efficient competition law enforcement, as well as the impact of competition on economic growth and investment.  
Condolences Following Tragedy in Iran 26 Apr 2025 Condolences Following Tragedy in Iran On behalf of the Eurasian Economic Commission and in his personal capacity Bakytzhan Sagintaev, Chairman of the EEC Board, expressed condolences to Masoud Pezeshkian, President of the Islamic Republic of Iran, and all Iranian people on fatalities resulting from the explosion in the Shahid Rajai port near the city of Bandar Abbas. "It is with deep sorrow I received the news about the tragic accident that resulted in human casualties," the telegram reads. "Commiserating on the pain of the loss, I offer my sincere condolences to the families of the victims and wish a speedy recovery to all those injured."
25 Apr 2025 Arzybek Kozhoshev Held Working Meeting with Minister of Economy and Commerce of the Kyrgyz Republic Bakyt Sydykov Arzybek Kozhoshev, Minister in charge of Energy and Infrastructure of the Eurasian Economic Commission, and Bakyt Sydykov, Minister of Economy and Commerce of the Kyrgyz Republic, held a working meeting in Bishkek. During the negotiations, the parties discussed relevant matters related to the development of integration in the field of EAEU transportation and energy. The importance of developing Eurasian transport corridors, introducing digital technologies and creating common energy markets was noted. "The objective need to ensure continuous processes and seamless transportation, improve their safety, reduce vehicle downtime and automate management encourages market participants to be active in implementing smart transport systems," said Arzybek Kozhoshev. The Ministers also discussed the progress in negotiating the transport and energy paragraphs of the draft Action Plan for implementing the Eurasian Economic Path Declaration on further development of economic processes within the Eurasian Economic Union until 2030 and for the period until 2045.
25 Apr 2025 Ruslan Davydov Spoke About Importance of Customs Regulation in Developing Eurasian Integration Ruslan Davydov, Minister in charge Customs Cooperation of the Eurasian Economic Commission, spoke about relevant matters of customs regulation in the Eurasian Economic Union at the research-to-practice conference "Customs: Yesterday, Today, Tomorrow". It discussed issues of digitalization, interaction with businesses, international integration and legislation improvement. According to Ruslan Davydov, global experience shows that integration processes can be successful only if the participating countries cooperate closely in the field of customs regulation. One of the main objectives of customs is to facilitate and speed up trade procedures, ultimately ensuring cost savings, increased mutual trade and a comfortable business environment. Today, customs authorities are actively implementing modern technologies, such as electronic declarations and automated control systems, which can significantly improve efficiency and reduce the time required to handle cargo at borders. This, in turn, opens up new business opportunities, promotes investment and creates favorable conditions for developing the member economies of Eurasian integration associations. "Under the Treaty on the EAEU we have common customs regulation, a common customs territory, a common trade regime with third countries, so we need to strive for unification. This is also a question of the international competitiveness of our Union as a common customs territory and its transit potential," Ruslan Davydov said. "The Eurasian Union is one seventh of the Earth's landmass, it is a bridge between China and Europe. After all, we need to take full advantage of these geographical benefits of ours." Due to the fact that the conference was held shortly before the Victory Day, the EEC Minister in charge of Customs Cooperation paid special attention to the contribution of customs officers in achieving victory in the Great Patriotic War. He emphasized that during the war the main supply routes passed through the Far East and the Islamic Republic of Iran, generally along the now actively developing West-East and North-South international corridors.
24 Apr 2025 Arzybek Kozhoshev, "Transport connectivity and RES development can become a sustainable development driver in the EAEU" Arzybek Kozhoshev, Minister in charge of Energy and Infrastructure of the Eurasian Economic Commission, took part in the international conference "Global Mountain Dialogue" in Bishkek, dedicated to the prospects of sustainable development of mountain regions. In his speech, the Minister noted the importance of enhancing transport and energy infrastructure as the main factor in improving the quality of life in these regions. The Minister emphasized that the Kyrgyz Republic, with its unique mountainous landscape and abundant natural resources, continues to demonstrate positive economic trends. The economy achieved a record high in 2024, with GDP growing by 9%. However, mountain regions face particular challenges, such as isolation, climate risks and internal migration, which require a special approach in the development of public policies. As for infrastructure development, Arzybek Kozhoshev highlighted key projects to build the China-Kyrgyzstan-Uzbekistan and Balykchi-Kochkor-Makmal railroad, as well as improving air connectivity of remote regions. Special attention was paid to the topic of energy. Kyrgyzstan needs to keep up active development of its renewable energy potential, which will help ensure sustainable energy supply for mountainous territories and contribute to reducing emissions and preserving glaciers. "The RES development and unlocking hydropower potential is an important step to increase energy availability in hard-to-reach mountainous areas, as well as to reduce dependence on external energy supplies, which is especially important for mountainous regions of the EAEU countries," the Minister emphasized. The Minister concluded his speech by calling for greater international cooperation to fulfil the potential of mountain regions and ensure their steady economic growth.
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.
24 Apr 2025 Elmira Syzdykova Appointed Deputy Director of EEC Internal Market Protection Department Elmira Syzdykova was born in 1991. In 2014, she graduated from M.V. Lomonosov Moscow State University with a Bachelor's degree and in 2016, with a Master's degree in Economics. Prior to joining the Eurasian Economic Commission, she worked in various positions in the Foreign Trade Department, Ministry of Trade and Integration of the Republic of Kazakhstan. She is a holder of medals "For Contribution to the Development of the Eurasian Economic Union" (2022) and "10 Years of the Eurasian Economic Union" (2024). On April 22, 2025, she was appointed Deputy Director of the EEC Internal Market Protection Department.
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