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Armenia
Emerging Asia Set For “Strong Growth” In 2015, 2016: ADB
Emerging Asia will maintain its strong economic growth in 2015 and 2016, supported by soft commodity prices and recovery in the major industrial economies, a new report from the Asian Development Bank (ADB) says. The ADB’s annual economic report, Asian Development Outlook 2015 (ADO), released on Tuesday, forecasts gross domestic product (GDP) growth in emerging … Continue reading
In Eurasia, Devaluation Is First Line Of Defence
By Chris Weafer, Macro Advisory Russia is not the only economy suffering from the combination of the oil price collapse and sanctions; most of the countries in the Commonwealth of Independent States (CIS) are also feeling the pain. For some it is because they have also waited far too long to start diversifying away from … Continue reading
Russia, Egypt Agree To Sign Deal On Military Cooperation
Russia and Egypt have agreed to sign an agreement on military cooperation that Russian Defense Minister Sergei Shoigu said will define the expanding bilateral defense relations between the two nations “for years to come”, Russian news agencies reported on Tuesday. The agreement will “determine the vector of our military cooperation for years to come,” Shoigu said. “The parties agreed to continue the … Continue reading
India Planning Free Trade Zone With Eurasian Economic Union
India has proposed creating a free trade zone with the Eurasian Economic Union (EEU*). “The question was raised by India, which is now considering a free trade agreement with the Eurasian Economic Union. This is a new level in our relationship. The possibility is being discussed,” Alexey Pushkov, head of the International Committee of Russian State Duma … Continue reading
Syria Applies For Observer Status At The Shanghai Cooperation Organization (SCO)
Syria has filed an application for an observer status at the Shanghai Cooperation Organization (SCO), Russian Presidential Envoy for SCO Affairs and Director of the Foreign Ministry’s Department for Asian and Pacific Cooperation Bakhtier Khakimov said on Friday, TASS reports. “The issue of the Organization’s expansion is a topic we are currently working on,” the … Continue reading
The Rise And Fall Of The Eurasian Economic Union – OpEd
By Mark Adomanis BNE The Eurasian Economic Union (EEU) is an idea that looks great on paper. Clearly based on the European Union’s successful efforts to break down economic and trade barriers between its members, the EEU was supposed to create unified markets in capital, labor and goods. It was, to ape a famous phrase, … Continue reading
Eurasian Economic Union Is Open For New Partners, Putin Says
The Russia-led Eurasian Economic Union has huge potential to expand and is open to cooperation with partners in the East and West, President Vladimir Putin said at the EEU summit in Moscow. “The increase in the number of members is beneficial to the union itself. It boosts its market capacity and contributes to the strengthening … Continue reading
Ruble Crunch Hits Russia’s Neighbors Hard
By Charles Recknagel As the value of Russia’s ruble tumbles amid low oil global prices and Western sanctions, it is taking the currencies of many former Soviet republics down with it. Just ask Gagik Ghazaryan, an exporter in Armenia. He used to be able to sell soft drinks and canned food profitably to Russia before … Continue reading
Russian Idea Of Banning Dollar, Euro In EEU Trade Dismissed
By Alexandra Jarosiewicz and Naubet Bisenov The executive body of the Eurasian Economic Union (EEU) and a Kazakh business lobby have dismissed the possibility of switching to national currencies in trade within the Russia-led trade bloc when it comes into being on January 1, instead of the current system of using dollars and euros in some … Continue reading
Growth In The CCA Expected To Decline By One Percentage Point Due To The Slowdown In Russia: International Monetary Fund
Last week, on November 4 the International Monetary Fund (IMF) released the Regional Economic Outlook for the Middle East and Central Asia where they project that growth will fall to about 5.5% this year and next. Part of the region’s problems are close ties with Russia. “Weaker growth in the Caucasus And Central Asia (CCA) region stems from the economic … Continue reading
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