... within the framework of the Union allows to reduce significantly transaction costs across the space of a huge market of 180 million people, to remove barriers to the movement of capital, goods and labor, which can become a significant stimulus for the economy of Russia and its neighboring countries. Implementing this strategy, however, faces certain constraints and requires a significant effort, first and foremost, in ensuring security in Central Eurasia. No development is possible without security ...
... with its partner countries, and to establish joint Euro-Asian corporations in order to defend their economic interests in foreign markets.
Alexei Dzermant:
Belarus views the EEU as an economic union that can survive global turbulence. The Belarusian economy is open and export-oriented, so the EEU is expected to offer opportunities for equal access to markets, for cooperation, and for concerted industrial and financial policy. As a result, the EEU should become a significant economic pole on a global ...
... the situation.
A recently released
study
by the International Monetary Fund (IMF) suggests that “sanctions (and counter sanctions) could initially reduce Russia’s real GDP by 1 to 1-1/2 percent”. Yet, their effective impact on the economy and through which mechanisms sanctions will be enacted is not clear to most.
In order to cast some light on this topic, I have interviewed Birgit Hansl, Chief Economist at the World Bank for Russia and CIS countries. She also contributes to clarify ...
Russia's financial ombudsman warned Friday that a mass withdrawal of banking licenses from Russian lenders was damaging the country's small businesses.
The Central Bank has revoked the licenses of more than 150 banks since the start of 2014 — including three banks on Friday alone — in a bid to clean up a sector riven with suspicious trades and creative accounting.
But the high tempo of the purge is damaging the companies these banks serve, the ombudsman, Boris Titov, said Friday, according...
... their investments in old projects because it would be unreasonable to lose the advantages they already enjoy in Russia.
Сompanies have had to adapt, to change the system for supply of parts that used to be brought from Europe.
Russia and Germany. Economy and
sanctions 2014-2015
The emerging situation is negative but stable and there is a growing sense that one has to work with what there is. Let us hope that this kind of stability will prompt other foreign companies to enter the Russian market....
... sphere and entirely within the economic sector. Belarus will not be shocked to learn the outcomes of the election. The country is expecting changes in its economic policy after the election.
So what are economic and political discussions all about?
Economy
Belarusian liberals
believe that the current economic structure fails to ensure sustainable growth in prosperity, development and protection from internal and external shocks. This is something not to argue about. The Belarusian economy is suffering ...
В послевыборный период высока вероятность серьезных кризисных явлений
The optimistic
statements by top officials in Minsk do little to conceal the fact that the economy of Belarus is in dire straits. Although they are doing their best to justify the trouble with references to numerous external factors, the real cause lies in the obsolete model of development based on the dominance of state ownership and Russian ...
Last week I attended a conference titled “Russia’s food market in 2015”; it was the first of a series of panels that took place in occasion of the 24th World Food Exhibition, a well-known event which brought to Moscow more than 1500 firms from over 70 countries.
At the discussion participated the Presidents of many Russian Commercial Unions in the food sector from one side and spokesmen of the Russian and Belarusian Ministries of Agriculture on the other. Issues such as the politics...
... Armenia’s tariff rates are lower than those elsewhere in the EEU; however, WTO rules prohibit a unilateral increase in tariff rates. Therefore, the
talks between Armenia and the WTO will focus
on an increase in rates in significant sectors of the economy to the level adopted in the EEU .
In the meantime, the Eastern Partnership (EaP) Summit, which took place on 21 and 22 May in Riga, Latvia, discussed
new formulas for cooperation
with Armenia, as well as Azerbaijan and Belarus, which did not ...
... that authorities are openly advertising could not be for the good of the Russian society. Rather, it could result in a general deterioration of the economic welfare.
In order to cast light on these issues, I have interviewed an expert of political economy and trade policies, Professor Konstantin Sonin. Professor Sonin is a prominent economist, former Vice Rector of the Higher School of Economics in Moscow and current Professor at the University of Chicago. He is also a columnist of the Russia newspaper ...
