Eurasian Economic Union members invest $1.15bn in Kyrgyzstan

By bne IntelliNews November 20, 2015

Member states of the Moscow-led Eurasian Economic Union (EEU) have invested $1.15bn in Kyrgyzstan, according to the country’s economy ministry.

Kyrgyzstan joined the EEU in August 2015. The bloc, established in January 2015, was formed from the Customs Union of Belarus, Kazakhstan and Russia, which in turn was set up in January 2010. Armenia joined the EEU at the beginning of 2015.

Mutual investment in the free-trade bloc has reached $23.98bn, of which $2.21bn was invested in Armenia, $7.93bn in Belarus, $9.33bn in Kazakhstan, $1.15bn in Kyrgyzstan and $3.36bn in Russia.

Kyrgyzstan marked 100 days of its membership of the union by the abolition of phytosanitary control on the border with Kazakhstan. At the same time, the country has so far failed to bring its veterinary control system in line with the EEU standards. “Kyrgyzstan still has many problems with Eurasian integration,” Danil Ibrayev, member of the Eurasian Economic Commission, was quoted as saying by 24.kg news agency. “There are problems with tariff and non-tariff regulation, taxation and migration.”

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Kyrgyzstan now a country marked by “broader Central Asian trend of authoritarian consolidation”, says Freedom House report

Kyrgyzstan is a country now marked by the “broader Central Asian trend of authoritarian consolidation”, according to the newly released Freedom House report ... more

Kyrgyzstan reported as “irked” by neighbour Uzbekistan’s “grandiose hydropower plans”

Kyrgyzstan, a country perpetually battling a shortage of water resources, is reportedly irked by neighbour Uzbekistan’s “grandiose hydropower development plans”. The issue has come to the ... more

Kyrgyz-Uzbek auto plant reportedly plans production of Chevrolet as first car by late May

The Chevrolet Nexia R3 should in late May become the first car model to roll off a production line at an auto plant being built in Kyrgzystan by Uzbekistan’s state-controlled ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    7 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    7 days ago
  4. Don't mention the "D" word - Ukraine
    5 days ago
  5. UBN: The US Needs to Wake Up
    5 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    25 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss