News
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%.
