YEREVAN, April 7. /ARKA/. Calculations made by using the International Labor Organization’s methodology show that 5.9% of economically active people in the Eurasian Economic Union space were unemployed in February 2015, while one month earlier this indicator stood at 5.6%, the Eurasian Economic Commission reports on its website.

According to the Eurasian Economic Commission’s latest figures, unemployment in Armenia was recorded at 17.1% (the 3rd Q 2014), in Kazakhstan at 5.0% (February 2015) and in Russia at 5.8% (February 2015).

For comparison – the average unemployment rate in the European Union was 9.8% in January 2015 and in the United States 5.5% in February 2015.

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Tags: Armenia, economic union, Unemployment

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Consumer prices in Armenia in February 2015 were 5.4% higher from the year before, while the average 12-month inflation across the Eurasian Economic Union in the same time span was 15.4. %, the Eurasian Economic Commission said

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Tags: Armenia, economic union, Eurasia

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A Russian economist Alexander Knobel told a video news conference today that Russia, Kazakhstan and Belarus, the three members of the Eurasian Economic Union (EEU) are not ready yet to embrace Armenia, the fourth member, in a single currency union they plan to create

Categories: Exchange market, General news, News, News of the hour | Comments Off on Eurasian economic union not ready to embrace Armenia into its single currency union- expert says

Tags: Armenia, economic union

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