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EBRD: Armenia's Accession To The Customs Union Will Benefit The Coun

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  • EBRD: Armenia's Accession To The Customs Union Will Benefit The Coun

    EBRD: ARMENIA'S ACCESSION TO THE CUSTOMS UNION WILL BENEFIT THE COUNTRY'S ECONOMY

    Belarusian Telegraph Agency, Belarus
    Sept 20 2013

    20.09.2013 15:12

    YEREVAN, 20 September (BelTA-Armenpress) - Armenia's accession to the
    Customs Union will lead to lower gas prices and benefit the country's
    economy in general, EBRD regional director for Caucasus, Moldova and
    Belarus Bruno Balvanera told a press conference, BelTA has learnt.

    The official stressed that the gas prices in the Customs Union
    are lower than in other countries. "The only thing we know is that
    Armenia will benefit in what regards gas prices. It will have its
    positive impact on the country's economy and inflation rates," the
    EBRD representative said.

    According to Bruno Balvanera, the Customs Union countries, Russia,
    Kazakhstan and Belarus, are also EBRD members. With this, he added
    it was too early to talk about other advantages or disadvantages of
    Armenia's membership in the Customs Union for the country's economy.

    As it has been reported before, President of Armenia Serzh Sargsyan,
    after his meeting with Russian President Vladimir Putin on 3 September,
    voiced Armenia's decision to join the Customs Union as well as the
    country's readiness to take up necessary steps, including in the
    establishment of the Eurasian Economic Union in the future.

    At the joint press conference with Russian President Vladimir Putin,
    President of Armenia Serzh Sargsyan stressed that Armenia's decision
    to join the Customs Union does not mean rejection of dialogue with
    European organizations.

    Head of the Armenian Presidential Administration Vigen Sargsyan
    announced on 4 September that the signing of the agreement remains
    on Armenia's agenda.

    http://news.belta.by/en/news/econom?id=726980




    From: A. Papazian
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