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Armenia In Eurasian Union: Economists Say First Months Transitional

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  • Armenia In Eurasian Union: Economists Say First Months Transitional

    ARMENIA IN EURASIAN UNION: ECONOMISTS SAY FIRST MONTHS TRANSITIONAL PERIOD

    13:08 * 01.04.15

    The past three months of Armenia's membership in the Eurasian
    Economic Union (EEU) are too short a period to allow for pessimistic
    evaluations, a Russian-Armenian economist has said, considering the
    existing problems temporary.

    "All the problems we see today are characteristic of a transitional
    period. They have existed for Russia and Kazakhstan since 2010 when
    the activities had just got under way. The first six months are
    transitional, so we still need time. You are probably aware that all
    the EEU countries will soon meet for a business forum to raise all
    the problems and propose solutions," Aza Migranyan told reporters
    in Yerevan.

    Svetlana Grigoryan, another economist attending the news conference,
    agreed that the existing problems are not easy to resolve in just
    an instant.

    "Many people today speak of the Russian Rouble's depreciation and
    the consequent problems in the EEU zone, but even if Armenia had
    not joined the EEU, the slump in the exchange rate of the Rouble
    would have influenced the mutual economic relations. This issue is
    difficult to resolve at the moment, with everything depending on the
    prices of oil," she noted.

    Commenting on the plan to launch a united currency, the economist said
    she doesn't expect it to be realized in the near future. "As you know,
    the European Union, too needed a lasting period to launch a united
    currency. That isn't possible in the near future, but we are already
    aware that there is an interest," she added.

    http://www.tert.am/en/news/2015/04/01/azamigranian/1634197

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