EAEU member states’ GDP growth figures exceed the Union’s figures – EEC Minister

YEREVAN, JANUARY 28, ARMENPRESS. The GDP and industrial production of the Eurasian Economic Union (EAEU) have increased, however, the growth in the Union’s member states greatly exceeds the Union’s indicators, TatyanaValovaya, Member of the Board - Minister in charge of Integration and Macroeconomics at the Eurasian Economic Commission (EEC), said during today’s video conference dedicated to the EAEU’s 5th anniversary and the 25th anniversary of the Eurasian integration idea, reports Armenpress.

“Last year many meetings were held, many important decisions were made. 2018 was distinguished by quite a favorable economic situation, we have stable macroeconomic indicators. According to the Commission’s assessment, we have reached 1.9% GDP growth rate. But for us it’s more important that this indicator is higher for a number of countries. For instance, that figure in Armenia is 6.2%, in Belarus-3.7%, Kazakhstan-4%. And these are very important indicators, we see the impact the states receive thanks to integration”, the EEC minister said.

She stated that if the growth of industrial production for entire Union comprised 3.2%, that in Belarus was 6.1%, Kazakhstan – 4.5%, Kyrgyzstan – 4.9%, Armenia – 4.1%. The figures of most of the countries surpass the Union’s indicators.

She attached importance to the fact that last year in May the heads of the member states signed the declaration on deepening integration.

Edited and translated by Aneta Harutyunyan