Armenia applies for Eurasian Economic Union accession

Armenia applies for Eurasian Economic Union accession

PanARMENIAN.Net - Kyrgyzstan and Armenia applied for accession to the Eurasian Economic Union, the international banking union chair Alexander Marychev stated at a May 15 financial forum in Bishkek.

"The agreement on the Eurasian Economic Union will be signed May 29 in Astana. The expansion of the Union will promote stronger economies in the member states. Though the agreement hasn’t been properly finalized, experts will continue working on it and introducing amendments even after it's adopted," Armenia Today quoted him as saying.

"Besides, creation of the Shanghai Cooperation Organization development bank is actively discussed, to extend major assistance and serve as a useful resource to support economies of the Customs Union member states," Marychev said.

After the European Economic Union creation deal is signed, the document will be ratified at national parliaments to come into effect January 1, 2015.

 Top stories
Around 20 Armenians currently live in the Islamic State stronghold of Raqqa, with the majority of the population having fled earlier.
Two of the three South Caucasian republics - Georgia and Armenia - did not recognize the Treaty of Moscow considering it unfair.
To mark the massacres’ centennial, Armenian Genocide memorials were unveiled in Las Vegas and at Fresno State in 2015.
Azerbaijani troops fired over 1500 shots from various caliber weapons, including 60- and 82-mm mortars, and TR-107 rocket launchers.
Partner news