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Integration and Macroeconomics

Member of the Board - Minister in charge of Integration and Macroeconomics Sergei Glazyev
Reception Office of the Chairman Tel. +7 (495) 669-24-06 , 12:00 - 16:00

News on «Integration and Macroeconomics»

29 May 2023 Industrial producer price index in EAEU amounted to 104.4% since early 2023 The industrial producer price index in the Eurasian Economic Union amounted to 104.4% in April 2023 compared to December 2022, and 102% compared to March this year. As compared to December, there was a significant increase in producer prices for the activity type "power supply, gas, steam and air conditioning" — by 8.3%. Along with that, producer prices for the activity type “water supply; sewerage system, control over waste collection and distribution” increased by 5.6%, they increased in the mining industry and quarrying by 4.1%, and grew in the manufacturing industry by 3.9%.   More detailed statistics has been provided on the EEC Statistics Department’s webpage in the “Industrial Producer Prices” section.
29 May 2023 EAEU agricultural producer prices decreased by 0.2% since year beginning In April 2023, prices of the Eurasian Economic Union's agricultural producers decreased by 0.2% compared to December 2022, and by 5.4% compared to April 2022. As compared to December, a decrease in agricultural producer prices was registered in Armenia (by 6.8%) and Kazakhstan (by 2.5%). An increase in prices was recorded in Kyrgyzstan (by 6.1%). Prices in Belarus remained the same, while in Russia they increased slightly (by 0.1%).    More detailed statistics has been provided on the EEC Statistics Department’s webpage in the “Agricultural Producer Prices” section.
25 May 2023 Results of implementing Strategy-2025 in 2022 presented to Heads of State The report on the implementation of the Strategic Directions for Developing the Eurasian Economic Integration until 2025 as of year-end 2022 was presented to the Heads of State at the session of the Supreme Eurasian Economic Council held in Moscow on May 25. As noted in the report, the second year of implementing the Strategy-2025 fell on an economically difficult period – sanctions imposed against Russia and Belarus were bound to affect the functioning of the Union. "However, joint efforts for ensuring economic growth and implementing the Strategy enabled the achievement of stabilization or positive trends for most indicators – GDP, industrial production, agricultural production and others," the report says. For reference The GDP volume index in the EAEU in January to March 2023 is indicatively estimated at 98.8% of January to March 2022 levels. Agricultural production in the EAEU continues to grow in 2023. Growth in the first quarter amounted to 2.9%. The increase was observed in all the EAEU countries. The EAEU industrial output over three months was 99.5% of the same period last year. The increase of industrial production was noted in Kyrgyzstan (+7.6%), Armenia (+3.6%), Kazakhstan (+2.8%) and Belarus (+1.8%). The upward trend is demonstrated by mutual trade. In January to March 2023, the volume of mutual trade between the Union States increased by more than 20%.
25 May 2023 Digitalization and creation of joint investment projects to become EAEU priorities Throughout its existence, the Eurasian Economic Union has shown its viability, which is demonstrated by growing economic indicators after the coronavirus pandemic; however, for a higher efficiency, the EAEU countries need to focus on digitalization and the development of joint investment projects. Such conclusions were drawn by the representatives of the Member States and experts following the session "Priorities for EAEU 2030+" held as part of the 2nd Eurasian Economic Forum. "We, the Eurasian Economic Union, have proved our viability," emphasized Alexey Overchuk, Deputy Prime Minister of the Russian Federation, Chairman of the Eurasian Economic Commission Council. "We have a low level of unemployment, a good self-sufficiency in resources, energy security, a low inflation rate and our own independent payment system. We have a common communication language, which is our tremendous advantage. All this enables the EAEU to fulfill all its potential here and transform our Union into a secure Eurasian macroregion. This is what the priorities of the Russian chairmanship aim at." The development of the Eurasian integration was also favorably viewed by Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission: "In general, our integration has shown its relevance. Both trade and investment are on the rise. Last year, another record was achieved – the volume of mutual trade reached almost 83.5 bln US dollars with a 14% increase vs. 2021. Agriculture rose by more than 30%. We have a guaranteed food and economic security; our Eurasian space is open for capital, for businesses." At the same time, the session participants took a practical view of the situation and outlined a number of problems to be resolved. For example, Mikhail Myasnikovich, Chairman of the EEC Board, emphasized: "Yes, we had a rise in the volumes of mutual trade last year. However, if one looks at the structure, this was largely substitution of imported goods received from third countries. We do not have enough own-produced goods to conduct trade, to compete in domestic and foreign markets. Let us be candid." Another problematic issue was touched upon by Konstantin Chuychenko, Minister of Justice of the Russian Federation: "We need to develop the formats of protecting our moral and spiritual values that must be a subject matter of our international legal treaties." Mher Grigoryan, Deputy Prime Minister of the Republic of Armenia, brought the discussion back on the economic track by drawing participants' attention to insufficient efforts in the digitalization of the Union economy: "Digitalization is an extremely relevant matter. Not only because it is convenient but merely because at some point, I think, if we are not digitalized sufficiently and on a full scale, our decisions will not be implemented at a proper pace and in a proper way. This is also a big problem." Serik Zhumangarin, Deputy Prime Minister – Minister of Trade and Integration of the Republic of Kazakhstan, supported his counterpart: "I believe that the unchallenged priority is development of the digital agenda as it affects technological development. The digital agenda is, of course, the Union's distributed digital platform. We have postponed its implementation again. All this certainly happens for objective reasons as each country has its own difficulties." Mikhail Myasnikovich, Chairman of the EEC Board, is convinced that in order to solve many problems the Union countries need to develop joint investment projects. "Today, major investments need to be made in industries that will simply fail without the support of the States," Mikhail Myasnikovich emphasized. "Microelectronics, machine tool building, aircraft engineering and many other areas that are really in need of the most preferential tax and other mechanisms for motivating the enterprises to develop. In order to support cooperative projects, it is proposed to allocate 1.7 bln Russian rubles for these purposes in 2024. I think, the sides will support the proposal put forward by the Ministry of Finance of the Russian Federation. However, projects are needed. Moving forward will be very difficult until economic entities, until businesses see conditions of these joint projects. This situation calls for national decisions." "We have analyzed the long-term priorities of our five States. I can say that they concur for the most part – from the perspective of critical technologies and priority areas – and coincide with the key growth opportunities of the new technological paradigm. However, we are prevented from riding the wave of this growth by the lack of sources for financing the tasks already mentioned today: cooperation, joint projects and technological sovereignty. We need to double the amount of investments for reaching the level of top countries and triple research and development expenses," Sergei Glazyev, EEC Minister in charge of Integration and Macroeconomics, summed up.
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Decisions on «Integration and Macroeconomics»

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12/27/2022 12:00:00 am Решение Коллегии ЕЭК №203 О внесении изменений в Методологию формирования официальной статистической информации Евразийского экономического союза
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12/20/2022 12:00:00 am Рекомендация Коллегии ЕЭК №45 О собирательных классификационных группировках видов экономической деятельности высокого технологичного уровня, наукоемких видов экономической деятельности (услуг) и высокотехнологичных товаров
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12/13/2022 12:00:00 am Распоряжение Коллегии ЕЭК №217 О Программе статистических работ Евразийской экономической комиссии на 2023 год
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09/28/2022 12:00:00 am Распоряжение Коллегии ЕЭК №166 О внесении изменения в Программу статистических работ Евразийской экономической комиссии на 2022 год
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09/28/2022 12:00:00 am Распоряжение Коллегии ЕЭК №166 О внесении изменения в Программу статистических работ Евразийской экономической комиссии на 2022 год

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Materials for the direction

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.​
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 Andrey Lipin, Deputy Director of the Department for Macroeconomic Policy of the EEC, to 04 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 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.
Sergei Glazyev
Sergei Glazyev
Sergei Glazyev
Sergei Glazyev
Sergei Glazyev
Sergei Glazyev
Sergei Glazyev
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