Monday, January 16 2017 16:28
Alexandr Avanesov

EAEC Minister: all preconditions available for EEU countries return to macroeconomic sustainability indications from 2017

ArmInfo. Eurasian Economic Commission (EAEC) monitors the implementation of  all the set macroeconomic indicators by EEUcountries, Tatyana Valovaya, the EAEC Minister on Integration and  Macro Economy stated answering the question of ArmInfo related to the necessity of setting the macroeconomic indicators as the basic preconditions for the successful liberalization of financial markets and forex integration.

According to EAEC Minister words, the macroeconomic indicators, indicating the sustainability of EEU countries economy, are set forth in the documents on single economic area. It is concerned first to securing not more than 3% of budget deficit in respect to GDP and not more than 50% of state debt  in respect to GDP. "In 2016 almost all the  EEU member countries have broken these limits, and we prepare recommendations for return to indicators mentioned," Valovaya stated. She added that this issue is very important and the appropriate works are in progress.

The Minister stated also, that by the year of 2025 it is planned to harmonize all the national financial systems of EEU member countries.  It is necessary to give an option for any commercial bank within the EEU area  to work throughout the territories of all the EEU member countries without any special certification and registration procedures. The future transnational entity will have Kazakhstan residence.  National regulators and national banks will be kept at their positions.  The work proceeds in accordance to the schedule, and there are all precondition for this framework to start operating in 2025," the EAEC Minister mentioned.


News
1000 large taxpayers of Armenia paid about $ 1.2 billion to the state  budget in H1, 2021: Defense Ministry apparatus is the third on the  list 1000 large taxpayers of Armenia paid about $ 1.2 billion to the state  budget in H1, 2021: Defense Ministry apparatus is the third on the  list 
US State Department Investment Review: The financial sector in  Armenia is not highly developedUS State Department Investment Review: The financial sector in  Armenia is not highly developed
Government of Armenia discussed agricultural programs implemented  with support of stateGovernment of Armenia discussed agricultural programs implemented  with support of state
Updated RA Law Updated RA Law "On Combating Money Laundering and Financing of  Terrorism" will enter into force on July 26
Armenian Regulator excludes cartel agreement in liquefied gas marketArmenian Regulator excludes cartel agreement in liquefied gas market
Tax revenues of the Armenian state treasury as of July 20 amounted to  865.2 billion AMD with an annual indicator of 1 trillion 510 billion  AMDTax revenues of the Armenian state treasury as of July 20 amounted to  865.2 billion AMD with an annual indicator of 1 trillion 510 billion  AMD
Armenian Ambassador to the Czech Republic held talks with the  leadership of Armenian Ambassador to the Czech Republic held talks with the  leadership of "CzechInvest"
Agricultural land sales remain high in the regions of ArmeniaAgricultural land sales remain high in the regions of Armenia
Deputy Minister of Economy and Russia`s Ambassador discussed  development of the Armenian-Russian strategic, trade and investment  cooperation Deputy Minister of Economy and Russia`s Ambassador discussed  development of the Armenian-Russian strategic, trade and investment  cooperation 
Resident of FEZ Resident of FEZ "Alliance" LLC "Arides" intends to expand activities  in the field of electronics and precision engineering
The trend of monthly growth in apartment prices in Yerevan continuesThe trend of monthly growth in apartment prices in Yerevan continues
It was a joke: Armenian Minister of Economy on his call to It was a joke: Armenian Minister of Economy on his call to "detain"  labor migrants
Armenian government allocated about $ 17.8 million for overhaul of  roads with length of 50.7 kmArmenian government allocated about $ 17.8 million for overhaul of  roads with length of 50.7 km
Armenian authorities will fight against tax Armenian authorities will fight against tax "parasites"
Issues of implementation of a number of investment programs discussed  in the Armenian governmentIssues of implementation of a number of investment programs discussed  in the Armenian government
Best specialists of nuclear industry started annealing reactor vessel  metal of Armenian NPPBest specialists of nuclear industry started annealing reactor vessel  metal of Armenian NPP
Armenia will explore space with Russian partnersArmenia will explore space with Russian partners
Vahan Kerobyan: Armenia`s labor market has set a new recordVahan Kerobyan: Armenia`s labor market has set a new record
Papikyan announces investments in Gyumri in amount of about $ 8.5  millionPapikyan announces investments in Gyumri in amount of about $ 8.5  million
As part of 2025 strategy, EAEU will develop a concept for  implementation of principles of green economyAs part of 2025 strategy, EAEU will develop a concept for  implementation of principles of green economy
EEC supported  draft roadmap for formation of common market for  organic agricultural productsEEC supported  draft roadmap for formation of common market for  organic agricultural products
For 5 months of 2021, the mutual trade of the EAEU member states  increased by 33%For 5 months of 2021, the mutual trade of the EAEU member states  increased by 33%
SRC of Armenia reports on the next record in the number of jobsSRC of Armenia reports on the next record in the number of jobs
Electronic system of Electronic system of "single window" in the field of foreign trade  will be launched by the end of 2021
Deputy Minister of Economy of Armenia sent on an official trip to  Russia to discuss issues of bilateral trade and economic cooperationDeputy Minister of Economy of Armenia sent on an official trip to  Russia to discuss issues of bilateral trade and economic cooperation
Revazyan: After the formation of a national air carrier, Armenia will  appeal to Europe with a request, as an exception, to allow access to  the Revazyan: After the formation of a national air carrier, Armenia will  appeal to Europe with a request, as an exception, to allow access to  the "European sky"
Life on loan: In six months, Armenia`s public debt grew by $ 901  million - up to $ 8 billion 869 millionLife on loan: In six months, Armenia`s public debt grew by $ 901  million - up to $ 8 billion 869 million
Armenia considers possibility of canceling excise tax for winemakersArmenia considers possibility of canceling excise tax for winemakers
Armenian customs officers with Iranian colleagues discussed  modernization of Meghri checkpointArmenian customs officers with Iranian colleagues discussed  modernization of Meghri checkpoint
Government together with KfW, EIB and EU will allocate 81 million  euros to ensure water supply in several regions of ArmeniaGovernment together with KfW, EIB and EU will allocate 81 million  euros to ensure water supply in several regions of Armenia
Nikol Pashinyan visited Nikol Pashinyan visited "Saranist" glass production company and got  acquainted with activities of new brandy factory
The next vector of ANIF activities is to provide support to water and  waste management systemsThe next vector of ANIF activities is to provide support to water and  waste management systems
With formation of national air carrier and increase in passenger  traffic, issue of expanding Zvartnots airport may ariseWith formation of national air carrier and increase in passenger  traffic, issue of expanding Zvartnots airport may arise
Ameriabank receives Euromoney Euromoney Award for Excellence 2021 as  the Best Bank in ArmeniaAmeriabank receives Euromoney Euromoney Award for Excellence 2021 as  the Best Bank in Armenia
The largest aviation concern in Europe - Lufthansa enters the  Armenian marketThe largest aviation concern in Europe - Lufthansa enters the  Armenian market
National air carrier to be established in Armenia within the  framework of the agreement with Air ArabiaNational air carrier to be established in Armenia within the  framework of the agreement with Air Arabia
Vahan Kerobyan once again found it realistic to end 2021 with  economic growth of 10-11%Vahan Kerobyan once again found it realistic to end 2021 with  economic growth of 10-11%
EU to allocate 600 million euros for the construction of the southern  section of the North-South highwayEU to allocate 600 million euros for the construction of the southern  section of the North-South highway
IDBank`s Visa Digital card: another key to online and contactless paymentsIDBank`s Visa Digital card: another key to online and contactless payments
In H1 2021, Armenia`s international reserves increased by 18.7%  amounting to $ 3.1 billionIn H1 2021, Armenia`s international reserves increased by 18.7%  amounting to $ 3.1 billion
Armenian government convened an extraordinary meeting to discuss a  four-year program to reduce public debtArmenian government convened an extraordinary meeting to discuss a  four-year program to reduce public debt
Export of ferromolybdenum, copper and molybdenum concentrate to third  countries will be subject to a 15% state dutyExport of ferromolybdenum, copper and molybdenum concentrate to third  countries will be subject to a 15% state duty
RA  Ambassador informed about interest of Armenian businessmen  in expanding economic relations with IranRA  Ambassador informed about interest of Armenian businessmen  in expanding economic relations with Iran
CBA: Net inflow of transfers from individuals increased by 89% per  annum in Jan-May 2021 CBA: Net inflow of transfers from individuals increased by 89% per  annum in Jan-May 2021 
High growth of mortgage portfolio supports the loan activity of  banking systemHigh growth of mortgage portfolio supports the loan activity of  banking system
After a long time, passenger transportation in Armenia has grown in  conditions of coronacrisis After a long time, passenger transportation in Armenia has grown in  conditions of coronacrisis 
Revenue in communications sector of Armenia increased by 3.2% per  annum by June 2021Revenue in communications sector of Armenia increased by 3.2% per  annum by June 2021
Possibilities of expanding Armenian-French cooperation in field of  high technologies discussed in YerevanPossibilities of expanding Armenian-French cooperation in field of  high technologies discussed in Yerevan
Trade sector in Armenia is heading towards recovery to pre-COVID  growth ratesTrade sector in Armenia is heading towards recovery to pre-COVID  growth rates
Revenue of service sector in Armenia grew by only 0.9% in 5 monthsRevenue of service sector in Armenia grew by only 0.9% in 5 months
The client base of Armenian banks increased by 7.4% by May 2021The client base of Armenian banks increased by 7.4% by May 2021
Card to card transfer campaign for Converse Bank Visa cardholders in a new formatCard to card transfer campaign for Converse Bank Visa cardholders in a new format
Armenia doubled the export of agricultural productsArmenia doubled the export of agricultural products
Mher Grigoryan: EU is one of Armenia`s key partners in implementing  ambitious reformsMher Grigoryan: EU is one of Armenia`s key partners in implementing  ambitious reforms
Armenia and Greece in search of new directions of cooperation in the  field of technologyArmenia and Greece in search of new directions of cooperation in the  field of technology
IDBank joined the fulfillment of children`s dreamsIDBank joined the fulfillment of children`s dreams
EDB forecasts 4.2% economic growth in Armenia and indicates a very  gradual movement of the economy towards its potential level EDB forecasts 4.2% economic growth in Armenia and indicates a very  gradual movement of the economy towards its potential level 
RA government will invest $ 7 million in  investment fund supporting  SMEs RA government will invest $ 7 million in  investment fund supporting  SMEs 
Economy Minister sees need to completely modernize irrigation system  of ArmeniaEconomy Minister sees need to completely modernize irrigation system  of Armenia
Armenia`s foreign trade turnover with EU countries reaches  double-digit growthArmenia`s foreign trade turnover with EU countries reaches  double-digit growth
Read more


Exchange rates
23.07.2021
RUB6.570.00
USD483.42-1.00
EUR568.89-2.48
GBP664.12-1.86
CAD384.67-1.05
JPY43.77-0.17
CNY74.77-0.16
CHF525.06-2.80