The EAEU Free Trade Bloc includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia and fills the economic space between Eastern Europe and Western China. With Free Trade Agreements now in place with China, Indonesia, Iran, Mongolia, Serbia, Singapore, the UAE and Vietnam, and negotiations well underway with India and Egypt, the EAEU is developing as a vast Eurasian trade space. Leverage the EAEU single market as we discuss business regulations, customs procedures, and trade advantages for companies operating within or trading with the Eurasian Economic Union.
The Eurasian Economic Commission, the secretariat of the Eurasian Economic Union (EAEU), expects the 2024 EAEU GDP growth to be 4.1%, according to the EEC’s press service. The statement read “A positive trend in the growth of gross domestic product continued to be observed in all countries of the Eurasian Economic Union in 9M 2024. […]
Russia’s Rosatom Renewable Energy division, formerly known as NovaWind, has signed an investment agreement with Kyrgyzstan to build a 100 MW wind farm in the Issyk-Kul region, the company has said in a press release. Design and survey work and equipment contracting is scheduled to begin in 2025. Rosatom said that this is the first […]
The Deputy Prime Ministers of Russia and Armenia – Alexei Overchuk and Mher Grigorian, have highlighted the continuing rapid growth of Russian-Armenian trade during the Russian-Armenian intergovernmental commission on economic cooperation meeting in Moscow on Friday (December 20). Overchuk said “Our trade and economic relations continue to be on the rise. I can say that […]
A cross-border trade center will be created at the Kazakhstan-Russia border, as announced during a meeting between Kanat Khasenov, the Consul General of Kazakhstan in Astrakhan, and Igor Babushkin, the Governor of Russia’s Astrakhan region. Babushkin noted that the Republic of Kazakhstan is one of the main partners of Russia’s Astrakhan Oblast (Province) with strong […]
A direct Vladivostok – Ulaan Baatar air route could appear from early 2025 as Russia and Mongolia look to boost air connectivity between them. At present, routes exist between Moscow, Irkutsk and Krasnoyarsk and the Mongolian capital. Alexander Kozlov, the Russian Natural Resources Minister said that the two countries will assess viability after a meeting […]
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The proposed Singapore-Eurasian Economic Union Free Trade Agreement is showing signs of reactivating after Kazakhstan’s Senate passed a bill ratifying the deal at a plenary meeting on Thursday (December 19). It was originally signed in Yerevan on October 1, 2019. The agreement, which has been indefinitely postponed by Singapore since early 2022, had been mothballed […]
Belarus’s Belavia Airlines has launched regular flights from Minsk to Urumqi, the capital of northwest China’s Xinjiang Province. It is the largest and wealthiest city in Central Asia. The first flight had over 75% occupancy. The Urumqi-Minsk flight also delivered over three tonnes of cargo, mainly parts for Chinese-manufactured cars, along with the passengers. It […]
Air Arabia plans to launch direct flights on the Sharjah, of the United Arab Emirates, to Sochi on Russia’s Black Sea Coast route starting from June 27, 2025, according to Sochi Airport. Flights will operate three times per week on Mondays, Wednesdays, and Fridays on narrow-body Airbus A320 aircraft, with travel time just under four […]
The Eurasian Economic Union (EAEU) has reached an agreement on a draft document regarding e-commerce in goods within the EAEU territory which sets unified requirements for the operations of EAEU marketplaces. The EAEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia and fits the geographic space between Eastern Europe and Western China. It has a population […]
Russia, and its neighbouring states within the Eurasian Economic Union (EAEU) have undergone an economic boom during 2024, according to a report by the Eurasian Development Bank (EDB). The EAEU includes Russia as well as Armenia, Belarus, Kazakhstan, & Kyrgyzstan. It fills a geographic space between Eastern Europe and Western China. Their collective GDP growth […]
Russia’s Softline, a prominent, Moscow based, publicly traded IT developer, is opening a new office in Indonesia to promote its products and services, in addition to providing vendor solutions. It sees its expert knowledge as a good match for the development potential in Indonesia, a BRICS partner nation. Indonesia is also shortly to sign a […]
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