Fedor Bulygin, the deputy head of the Russian Federal Agency for Technical Regulations and Metrology, said on Monday that the Armenian economy will be positively affected by new standards of the Eurasian Economic Union (EaEU) in Armenia.
Bulygin made the announcement at a gathering in Yerevan, looking into preparations for the enforcement of technical requirements of the Russian-led economic bloc, ARKA reports.
"Armenia's impending accession to the Eurasian Economic Union will be a landmark event and will prompt other countries to seek membership in the trade bloc," Bulygin said, according to ARKA.
The systems were developed during Soviet times, which should make the system of standards safe in Armenia, according to Andrei Lotsmanov of the Russian Union of Industrialists and Entrepreneurs.
Arsen Ghazaryan, the head of the Union of Armenian Industrialists and Entrepreneurs, also spoke at the event. He said the single system of standards and certification will make Armenian products more competitive in Eurasian markets and that no cardinal changes are expected as it transitions away from the previously adapted CIS technical standards, ARKA reports.
- National Bank of Ukraine removes restrictions on foreign-currency transactions, investment metals
- Black Sea Trade & Development Bank visits Azerbaijan to boost business relationships
- VTB Bank finances three new planes for SunExpress airline
- National Bank of Ukraine makes it easier for businesses to invest abroad
- National Bank of Ukraine eases lending regulations for deposit guarantee funds to other banks
- Black Sea Trade and Development Bank, Russian Federal Corp. for SMEs support business growth
- Oleg Demidov named commercial director for Rosbank Factoring
- Eurasian Development Bank sells bonds on Kazakhstan Stock Exchange
- EY World Entrepreneur of the Year event to name world's top entrepreneur
- ACBA-CREDIT AGRICOLE, Microsoft parter for Armenian digital business technology seminar