Armenia's EEU exports grow despite unfavorable conditions: officialOctober 26, 2015 - 15:47 AMT PanARMENIAN.Net - The Eurasian Economic Commission Board Member (Minister) Karine Minasyan discussed the role of the Eurasian Economic Union in the development of economies of member countries, the EEC press office reports. Addressing the 3rd international forum of graduates of Moscow State Institute of International Relations (MGIMO) in Yerevan, Minasyan stressed the role of regionalization in the global economic architecture, which becomes an objective attempt to find new forms of cooperation that promote economic growth and development. “The Eurasian Economic Union is a project on the integration map of the world, with common history as its characteristic feature,” the Minister said. “Four out of five countries of the Union are members of the WTO. The EEU is capable of forming its own integration patterns, aimed at creating a common future.” It wasn’t the most favorable moment to start Eurasian Economic Union in view of the current energy prices and situation on the currency market, Minasyan reminded. “But on the other hand, most experts think the volume of trade turnover would further drop if it were not for the Union. And in some positions, no matter what, Armenia has greatly increased exports to the EEU countries,” Minasyan said. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Ucom Celebrates Telecommunication Day May 17 commemorates the founding of the International Telecommunication Union on May 17, 1865. Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan. Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. |