Wednesday, October 25 2017 18:08
Naira Badalian

Head of the RF Cabinet of Ministers: The aggregate GDP of the EAEU countries in the first half of 2017 increased by 1.8%

Head of the RF Cabinet of Ministers: The aggregate GDP of the EAEU countries in the first half of 2017 increased by 1.8%

ArmInfo. The aggregate GDP of the EAEU countries in the first half of 2017 increased by 1.8%. This was stated by Prime Minister of Russia Dmitry Medvedev on October 25 in Yerevan within the framework of the Eurasian intergovernmental council.

"The discussions are productive and even interesting in places, especially taking into account the public part, and a really comfortable environment has been created for the work," noted the head of the RF Cabinet of Ministers, following the results of the discussions of the inter-governmental council in a narrow composition. According to the Russian prime minister, within the Union a space of free movement of goods, services, capital and labor is being formed. This, as Medvedev noted, is not a simple matter and requires a long and painstaking work. "This is the result of our joint dialogue and compromises, the opportunities and the desire to listen to each other and make decisions," the prime minister said.

According to him, in general, the common market is gradually revealing its capabilities. About this, as Medvedev noted, even despite the local problems, all those present spoke. As he noted, the trade turnover within the Union has increased by almost 28%. The volume of trade with third countries increased by 26%, which is important - growth was noted in all countries without exception. If you take a cut by industry, then most significantly added industry, agriculture, freight and passenger transportation. "People see that the consumer market is replenished with an assortment of products, which is released in the EAEU, which in my opinion is very important," he said.

At the same time, as Medvedev stressed, we need to move on, to continue improving the legal field of the Union. The main tasks on this stretch, as Medvedev pointed out, are in several points. First, to effectively and consistently remove obstacles to seizure in trade.  "We held today a discussion on this topic, which was productive, serious, but by that we are essentially developing competitive conditions for business," he said.  According to him, only this year 14 such positions were liquidated, today the task is set to remove more than 20 of them. We are talking about industry, agriculture, energy, technical regulation. Secondly, the prime minister called for the development of regulation itself.

Prime Minister Medvedev recalled that from January 1, the Customs Code comes into force. "This is a more advanced document than it is now, I believe that this is our great success that we were able to agree on, this is a very difficult topic, especially if we look at the integration experience of other integration associations, including the EU and some others. This document contains exhaustive rules for the movement of goods across the customs border and removes normative contradictions, I hope we all will follow this," he said.

Medvedev said that within the framework of the intergovernmental council in a narrow format, the participants discussed the development of the markets for gas, oil, and petroleum products, there are complex issues in the correlation of domestic and all-union tariffs, pricing, which require further work.  "The only thing I would like to note is that we are not an alliance of oil and gas, some of the countries have neither oil nor gas, so it is wrong to even formulate it, moreover, we generally get a big share not from hydrocarbons, even Russia, whose positions in this market are well known, but even now we are getting a larger share of revenues not from hydrocarbon exports," he said.

The digital agenda, which dealt with the participants of the intergovernmental council, came to the fore, he said. "New energy sources are being discussed. Let us not lower the bar of those tasks that are facing our integration association. Today we will make a decision to organize a common electricity market. Our countries will have an integrated system that will work in B2B format and link companies directly," said Medvedev.

At the same time, as the Russian prime minister noted, it is important to saturate the agenda of the Union with new promising directions that would ensure future growth. Here, in the first place, Medvedev believes, a block of topics is coming together that are united by the concept of a digital economy: the development of electronic commerce, new technologies in production, data protection, and much more. "With the right approach, all this can push our economies in general, ensure the growth of trade, cut down our costs and expenses and, of course, increase labor productivity. "I think that we must now give priority to this, not just the hydrocarbon sphere," the head of the Cabinet RF.

POST A COMMENT
Input digits     


News
First robotic surgery performed in ArmeniaFirst robotic surgery performed in Armenia
World Bank remains reliable strategic partner in Armenia`s  infrastructure development, says MinisterWorld Bank remains reliable strategic partner in Armenia`s  infrastructure development, says Minister
In Armenia`s interbank foreign exchange market from December 15 to  19, 2025, there was a decrease in dollar and ruble transactions, with  an increase in euro transactionsIn Armenia`s interbank foreign exchange market from December 15 to  19, 2025, there was a decrease in dollar and ruble transactions, with  an increase in euro transactions
Train loaded with  SOCAR petroleum products arrives in ArmeniaTrain loaded with  SOCAR petroleum products arrives in Armenia
RA Finance Minister, French Ambassador and AFD representative discuss  budget support programs RA Finance Minister, French Ambassador and AFD representative discuss  budget support programs 
RA Economy Minister: 22 railcars of Azerbaijani petroleum crossing  Armenian-Georgian borderRA Economy Minister: 22 railcars of Azerbaijani petroleum crossing  Armenian-Georgian border
Azerbaijani fuel import to Armenia  indicates  lack of economic  policy: David AnanyanAzerbaijani fuel import to Armenia  indicates  lack of economic  policy: David Ananyan
Fly Kish starts operating flights on route Tehran-Yerevan-Tehran Fly Kish starts operating flights on route Tehran-Yerevan-Tehran 
Analyst: EDB sees a possible slowdown in economic growth outside the country as the primary risk for the Armenian economy in 2026-2028Analyst: EDB sees a possible slowdown in economic growth outside the country as the primary risk for the Armenian economy in 2026-2028
Prime Minister: Train carrying petroleum products  heading from  Azerbaijan to ArmeniaPrime Minister: Train carrying petroleum products  heading from  Azerbaijan to Armenia
 RA Prime Minister confirms that Hungary has lifted its veto on the  decision to allocate 20 million euros to Armenia within the framework  of  European Peace Facility RA Prime Minister confirms that Hungary has lifted its veto on the  decision to allocate 20 million euros to Armenia within the framework  of  European Peace Facility
Armenia  approached its Russian partners with proposal to discuss   possibility of constructing railway line from Yeraskh to  Nakhichevan  borderArmenia  approached its Russian partners with proposal to discuss   possibility of constructing railway line from Yeraskh to  Nakhichevan  border
RA Prime Minister of Armenia to attend  Supreme Eurasian Economic  Council Meeting  in St. PetersburgRA Prime Minister of Armenia to attend  Supreme Eurasian Economic  Council Meeting  in St. Petersburg
 EDB Macroeconomic Outlook: Eurasian economies to grow to 9.3% in 2026 EDB Macroeconomic Outlook: Eurasian economies to grow to 9.3% in 2026
Converse Bank joins the Partnership for Carbon Accounting Financials Converse Bank joins the Partnership for Carbon Accounting Financials 
Mandron: EDB no longer plans to participate in  Amulsar gold deposit  development projectMandron: EDB no longer plans to participate in  Amulsar gold deposit  development project
Mandron: EDB interested in participating in Yerevan`s Ajapnyak metro  station construction projectMandron: EDB interested in participating in Yerevan`s Ajapnyak metro  station construction project
Ardshinbank Launches New Toolkit on sme.ardshinbank.am Platform for SMEsArdshinbank Launches New Toolkit on sme.ardshinbank.am Platform for SMEs
 EDB plans to increase investment in Armenia`s economy to $500 million  by the end of 2026 EDB plans to increase investment in Armenia`s economy to $500 million  by the end of 2026
 Pashinyan calls for Pashinyan calls for "resolving cash issue" and closing stores that  offer discounts for cash payments
 EDB forecasts 6% economic growth in Armenia by the end of 2025 EDB forecasts 6% economic growth in Armenia by the end of 2025
Azerbaijan to send first shipment of petroleum products to ArmeniaAzerbaijan to send first shipment of petroleum products to Armenia
Armenia  establishes tariff quotas for long-grain rice from Vietnam  as part of Free Trade Agreement between Eurasian Economic Union and  VietnamArmenia  establishes tariff quotas for long-grain rice from Vietnam  as part of Free Trade Agreement between Eurasian Economic Union and  Vietnam
Pan-Armenian competition Innovate Armenia  launchedPan-Armenian competition Innovate Armenia  launched
AraratBank Supports Digitization of AraratBank Supports Digitization of "Karin" Scientific Center Archive
Welcome to the ID booth: Big Christmas MarketWelcome to the ID booth: Big Christmas Market
Opportunities for expanding economic cooperation between Armenia and Switzerland discussed in YerevanOpportunities for expanding economic cooperation between Armenia and Switzerland discussed in Yerevan
24th meeting of  Armenian-Russian Intergovernmental Commission on  Economic Cooperation  held in Yerevan24th meeting of  Armenian-Russian Intergovernmental Commission on  Economic Cooperation  held in Yerevan
PSRC approves Gazprom Armenia`s investment program for 2026-2030PSRC approves Gazprom Armenia`s investment program for 2026-2030
Georgian PM comments on oil  product supplies from Azerbaijan to  ArmeniaGeorgian PM comments on oil  product supplies from Azerbaijan to  Armenia
RA State Revenue Committee proposes to postpone  implementation of  digital systems  that ensure fulfillment of tax obligations for  six-monthsRA State Revenue Committee proposes to postpone  implementation of  digital systems  that ensure fulfillment of tax obligations for  six-months
Central Bank of Armenia:  Refinancing rate lowered from 6.75% to 6.5% Central Bank of Armenia:  Refinancing rate lowered from 6.75% to 6.5% 
EIB to provide  50 million euro loan to Armenia for  implementing  EIB to provide  50 million euro loan to Armenia for  implementing  "Armenia - Sustainable Syunik" program
Armenia to receive $250 million loan from Asian Development Bank to  address housing needs of internally displaced persons from  Nagorno-KarabakhArmenia to receive $250 million loan from Asian Development Bank to  address housing needs of internally displaced persons from  Nagorno-Karabakh
Diplomat: Russia  is proving its status as Armenia`s key trade and  investment partner in practiceDiplomat: Russia  is proving its status as Armenia`s key trade and  investment partner in practice
Idcoins and idplus gift cards at Big Christmas MarketIdcoins and idplus gift cards at Big Christmas Market
The Minister of High-Tech Industry of Armenia discussed cooperation issues with representatives of SupermicroThe Minister of High-Tech Industry of Armenia discussed cooperation issues with representatives of Supermicro
American diplomat: The United States seeks to ensure Armenia`s energy independenceAmerican diplomat: The United States seeks to ensure Armenia`s energy independence
 Another wheat shipment being transported to Armenia via Azerbaijan -  Economy Minister Another wheat shipment being transported to Armenia via Azerbaijan -  Economy Minister
"In Our Way" movement: What kind of winemaking center are we talking  about if Kakheti exports $200 million worth of wine, while Vayots  Dzor only exports $2 million?
Armenia  improved control of products subject to phytosanitary  supervision - RosselkhoznadzorArmenia  improved control of products subject to phytosanitary  supervision - Rosselkhoznadzor
Armenia`s mining industry potential  showcased at  Resources of  Tomorrow exhibition in LondonArmenia`s mining industry potential  showcased at  Resources of  Tomorrow exhibition in London
EIB Global and Ardshinbank launch €100 million partnership to boost business growth and job creation in ArmeniaEIB Global and Ardshinbank launch €100 million partnership to boost business growth and job creation in Armenia
Armenia collected 2, 441.9bn drams in taxes by December 2025,  compared to planned 2, 720.3bn drams for the yearArmenia collected 2, 441.9bn drams in taxes by December 2025,  compared to planned 2, 720.3bn drams for the year
Armenia the sixth  largest exporter of fish to the Russian marketArmenia the sixth  largest exporter of fish to the Russian market
Pashinyan visits Atom Museum in Moscow to learn about achievements in  nuclear energyPashinyan visits Atom Museum in Moscow to learn about achievements in  nuclear energy
Ameriabank acts as Underwriter- Intelligent Management Holding to  launch debut bond placement on December 15Ameriabank acts as Underwriter- Intelligent Management Holding to  launch debut bond placement on December 15
Armenia`s Nuclear Power Plant is the best nuclear project of the  Soviet Union still operating- Rosatom headArmenia`s Nuclear Power Plant is the best nuclear project of the  Soviet Union still operating- Rosatom head
Armenian vice-premier confirms discussion of export of Azerbaijani  oil products to Armenia with Azerbaijani counterpartArmenian vice-premier confirms discussion of export of Azerbaijani  oil products to Armenia with Azerbaijani counterpart
Globbing launches its debut issue of AMD and USD registered coupon  bonds in ArmeniaGlobbing launches its debut issue of AMD and USD registered coupon  bonds in Armenia
How to Choose a Career Path and What Skills are Considered Crucial: AraratBank on the GoTeach PlatformHow to Choose a Career Path and What Skills are Considered Crucial: AraratBank on the GoTeach Platform
Armenian businesses to receive tax deductions for donations to  educationArmenian businesses to receive tax deductions for donations to  education
Armenia to be recognized as PPR-free zoneArmenia to be recognized as PPR-free zone
Pashinyan reaffirms Yerevan`s willingness for mutually beneficial  collaboration  with EAEU member statesPashinyan reaffirms Yerevan`s willingness for mutually beneficial  collaboration  with EAEU member states
EDB MMI: Armenia accounts for 10.2% of all FDI attracted in  Eurasian  regionEDB MMI: Armenia accounts for 10.2% of all FDI attracted in  Eurasian  region
Armenian government changing procedures for conducting electronic  auctions and alienating propertyArmenian government changing procedures for conducting electronic  auctions and alienating property
More attention to be paid to solar power development  in Armenia -  Prime MinisterMore attention to be paid to solar power development  in Armenia -  Prime Minister
Pashinyan: At this phase, no discussions to leave  EAEUPashinyan: At this phase, no discussions to leave  EAEU
International wine tasting competition Concours Mondial de Brussels  2026 to be held in ArmeniaInternational wine tasting competition Concours Mondial de Brussels  2026 to be held in Armenia
Armenia`s Cabinet extends ban on export of automotive catalytic  converters.Armenia`s Cabinet extends ban on export of automotive catalytic  converters.
Read more
Exchange rates
19.12.2025
RUB4.74-0.03
USD381.47-0.03
EUR446.97-0.30
GBP510.451.03
CAD276.57-0.32
JPY24.25-0.23
CNY54.180.00
CHF479.960.09