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Projects

Centre’s Projects and Reports

Monetary Policy of EAEU Member States: Current Status and Coordination Prospects

Joint Report by the Eurasian Economic Commission and the Eurasian Development Bank Eurasian Development Bank’s Centre for Integration Studies and the Macroeconomic Policy Department of the Eurasian Economic Commission (EEC) conducted a research titled Monetary Policy of EAEU Member States: Current Status and Coordination Prospects. The main objective was to analyse monetary policies in the EAEU countries since the Treaty on the Eurasian Economic Union provides for deeper economic integration, including in the form of coordinated macroeconomic and foreign exchange policies. The report based on the results of the research considers the following issues: the ongoing foreign exchange and monetary policies; the effectiveness of drivers used by regulators to influence the economy; barriers to the efficient coordination of monetary policies within the union; and possible common objectives and tasks solved by central (national) banks.


EAEU and Eurasia: Monitoring and Analysis of Direct Investments 2016

The report presents new results of the permanent research project dedicated to monitoring of direct investments in Eurasia. It focuses on investments made by Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan, Azerbaijan, Tajikistan, and Ukraine in all countries of Eurasia outside the CIS and Georgia as well as reciprocal direct investments made by Austria, the Netherlands, Turkey, the United Arab Emirates, Iran, India, Singapore, Vietnam, China, the Republic of Korea, and Japan in the eight CIS countries listed above.


EDB Integration Barometer – 2016

The report presents the results of the EDB Centre for Integration Studies’ ongoing research project “EDB Integration Barometer”. In 2016, 8,500 people from 7 CIS countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, and Tajikistan) answered about 20 questions concerning the Eurasian integration and various facets of economic, political, and sociocultural cooperation in the CIS region. The research has been conducted by the EDB Centre for Integration Studies since 2012 annually in partnership with an international research agency “Eurasian Monitor”.


Monitoring of Mutual Investments in CIS Countries 2016

According to the seventh report of a years-long research project, mutual foreign direct investment (FDI) stock in CIS countries continued to go down, having decreased by $2.2 billion or 5% over the year. The main reason for this was the devaluation of the national currencies and the revaluation by companies of their earlier investments. Companies, however, tend to preserve their projects abroad, in the hope of better times, and not sell off their undervalued assets.


European Union and Eurasian Economic Union: Long-Term Dialogue and Perspectives of Agreement

This report presents preliminary results of conceptual analysis of developing EU-EAEU economic relations and search of practical approaches to achieving that goal. This work is processed by the International Institute for Applied Systems Analysis (IIASA, Austria) and the Centre for Integration Studies of Eurasian Development Bank (EDB) within long-term ongoing joint project “Challenges and Opportunities of Economic Integration within a Wider European and Eurasian Space”.


Regional Organizations: Typology and Development Paths

The report presents the results of the EDB Centre for Integration Studies’ ongoing project “Regional Integration in the World.” One of the aims of this project is comprehensive analysis of regional integration organizations in the world and later application of the findings in facilitating the processes of Eurasian integration. The report Regional Organizations: Typology and Development Paths provides the key conclusions and recommendations which are based on a detailed review of sixty organizations.


Liberalization of the Republic of Belarus Financial Market within the EAEU

The development of the EAEU requires a coordinated foreign exchange policy, harmonised regulations governing the financial market, and the establishment of a common financial market to ensure the free movement of capital between the member states. The single financial market will produce significant economic effects such as increased investments in the common market, maximized returns, broader risk distribution, and lower borrowing costs, especially for smaller economies.

Belarus will benefit from its movement towards a single financial market in the EAEU. However, this also creates certain challenges. These findings of Eurasian Development Bank’s (EDB) Centre for Integration Studies are presented in the report Liberalisation of the  Republic of Belarus Financial Market within the EAEU.


Forecasting System for the Eurasian Economic Union

Joint Report by the Eurasian Economic Commission and the Eurasian Development Bank

This work builds upon the findings of the joint research undertaken by the Eurasian Development Bank (EDB) and the Eurasian Economic Commission (EEC) to create a system capable of generating economic forecasts for EAEU member states, subject to any applicable country-specific social components. The project has yielded an Integrated System of Models covering five countries. It can be used to analyze economic processes, make projections, and develop proposals and guidance on streamlining economic policies within the EAEU.


EAEU and Eurasia: Monitoring and Analysis of Direct Investments

The report presents new results of the permanent annual project dedicated to monitoring of direct investments in Eurasia. This report focuses on direct investments of Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan, Tajikistan, and Ukraine in all countries of Eurasia outside the CIS and Georgia as well as reciprocal direct investments of Austria, Netherlands, Turkey, Iran, India, Vietnam, China, the Republic of Korea, and Japan in the seven CIS countries mentioned above.


Regional Integration Database: Analytical Report

The EDB Centre for Integration Studies has completed the work on its first analytical report based on Regional Integration Database (RID). The author of the report conducted the structural analysis comparing the EAEU with other regional organizations (ROs). The application of RID enabled to provide a comprehensive profile of the advantages and disadvantages of different integration models, the elements of which can be effectively used in the context of the EAEU development.


EDB Integration Barometer - 2015

The fourth wave of public opinion surveys on integration preferences in the CIS countries suggests that the "integration core" of the Eurasian Economic Union (EAEU) continues to consolidate. In Kazakhstan, Russia and the Kyrgyz Republic 78-86% of the population support the Eurasian integration. At the same time, in Belarus and Armenia the rate of approval of Eurasian integration reduced in the recent year. These are the findings of The EDB Integration Barometer, a yearly research conducted by Eurasian Development Bank's (EDB) Centre for Integration Studies. In 2015, over 11,000 people from nine CIS region countries - Armenia, Belarus, Georgia, Kazakhstan, the Kyrgyz Republic, Moldova, Russia, Tajikistan, and Ukraine - took part in the poll. The research has been conducted by the EDB Centre for Integration Studies since 2012 annually in partnership with “Eurasian Monitor”, an international research agency.


Monitoring of Mutual Investments in CIS Countries 2015
According to the sixth report of a years-long research project in 2014 the fall in mutual foreign direct investments (FDI) between the CIS countries was $6.3 billion, or 12% year-on-year. One of the main causes for this drastic decline in all mutual FDI in the CIS was the destabilised economic and political situation in Ukraine. At the same time, while overall investment activity in the CIS has shrunk, the young integration organization – the Eurasian Economic Union (EAEU) – demonstrates stability. Even despite the devaluation of national currencies, mutual FDI in the EAEU region in 2014 grew from $24.8 billion to $25.1 billion. The positive dynamics in investment flows in the EAEU was largely due to the advancement and strengthening of regional economic integration.

Labour Migration and Labour-Intensive Industries in Kyrgyzstan and Tajikistan: Possibilities for Human Development in Central Asia

Current research deals with the analysis of migration flow, labour potential in Central Asia (the examples of Kyrgyzstan and Tajikistan are taken). The focus is made on the possibilities of both countries to reorient their economies from export of labour to export of labour-intensive goods and services.


Assessing the Impact of Non-Tariff Barriers in the EEU: Results of Enterprise Surveys

A large-scale poll of 530 enterprises in Belarus, Kazakhstan and Russia suggests that non-tariff barriers account 15% to 30% of the value of exports. Belarusian exporters estimate non-tariff barriers in their trade with Russia and Kazakhstan at 15% of the value of their exports, Kazakh exporters at 16% for exports to Russia and 29% for exports to Belarus, and Russian exporters at about 25% for exports to each of the two other countries.


Estimating the Economic Effects of Reducing Non-Tariff Barriers in the EEU

The EDB Centre for Integration Studies publishes the first comprehensive assessment of the effects of non-tariff barriers on mutual trade in the EEU and provides recommendations as to how to remove them. The report has been prepared by the Centre for Integration Studies based on a poll of 530 Russian, Kazakh and Belarusian exporters.


Monitoring of direct investments of Russia, Belarus, Kazakhstan and Ukraine in Eurasia — 2014

The second report presents new results of the permanent annual project dedicated to monitoring of direct investments of Belarus, Kazakhstan, Russia and Ukraine in Eurasia. On the basis of the statistics collected during monitoring, detailed information is provided on the dynamics, actual geographical location and sectoral structure of the investments.


Prospects for economic integration in the space of Greater Eurasia

In 2013, the EDB CIS initiated a long-term international project “Challenges and Opportunities of Economic Integration within wider European and Eurasian Space.”


Regional Integration Database

The Regional Integration Database is an applied research project implemented by Eurasian Development Bank’s (EDB) Centre for Integration Studies.


Monitoring of Mutual Investments in the CIS – 2014

Monitoring of mutual CIS investments is an ongoing project, which will help companies to find their ways in the business space of countries in the region, and governments - to promote mutually beneficial industrial cooperation.


EDB Integration Barometer — 2014

The results of the third research into preferences of the CIS region population with respect to various aspects of Eurasian integration suggest that the “integration core” of the Eurasian Economic Union (EEU) continues to form and crystallise. The research has been performed by Eurasian Development Bank’s Centre for Integration Studies and the Eurasian Monitor International Research Agency.

Over 13,000 people from ten CIS countries and Georgia (between 1,000 and 2,000 people in each country) took part in the poll.

 


Two Integration Projects in Europe: Dead End of Struggle

This report prepared with the participation of Evgeny Vinokurov, Director of the EDB Centre for Integration Studies, at the request of the Civic Initiatives Committee, represents the first part of a project targeting the problems and prospects of two economic integration projects in Greater Europe — the European project (European Union) and the Eurasian project (Russia, the Customs Union and the Eurasian Economic Union).


Pension Mobility within the Eurasian Economic Union and the CIS

Eurasian Development Bank (Centre for Integration Studies) and the World Bank (MiRPAL) prepared the report titled „Pension Mobility within the Eurasian Economic Union and the CIS”.


Quantifying Economic Integration: of the European Union and the Eurasian Economic Union: Methodological Approaches

This report is part of the large-scale project Challenges and Opportunities of Eurasian Economic Integration implemented in cooperation with the IIASA Institute (Vienna), which envisages a number of high-level roundtables as well as research articles and reports. The objective of the project is to discuss and analyse economic integration in Eurasia, both on the continental scale “from Lisbon to Shanghai”, and in the EU-EEU dimension “from Lisbon to Vladivostok.”


EDB System of Indicators of Eurasian Integration

A comprehensive research project of the EDB Centre for Integration Studies “The System of Indicators of Eurasian Integration” (SIEI) has a long-term status. It presents the results of regular monitoring and assessment of the pattern and key vectors of Eurasian integration and cooperation in the CIS region.


Armenia and the Customs Union: Impact of Accession

This report provides the assessment of the macroeconomic impact of Armenia joining the Customs Union. Quantitative analysis has demonstrated that, as a result of integration with the CU, the additional growth in Armenian GDP will approximate 4%.


Monitoring of direct investments of Belarus, Kazakhstan, Russia and Ukraine in Eurasia

Despite the global economic crisis, foreign direct investment (FDI) accumulated by the CIS four largest economies in Europe (outside the CIS) and East Asia has grown from US $25.8 billion to US $48.1 billion over 2009-2012 (+69%). Out of this, Russia accounts for US $41.3 billion.


Customs Union and Ukraine: Economic and technological cooperation in sectors and industries

Ukraine’s economic losses from winding down projects with the SES in high-tech industries will be at least 1.5% of GDP. The most sensitive consequence can be the termination of joint work on new technologies.


Monitoring of mutual investments in CIS countries - 2013

The report contains new results of the research project aimed at maintenance and development of the database for monitoring of mutual investments in CIS countries and Georgia. The general picture of mutual investments is provided as of the end of 2012.


Cross-Border Cooperation between Russia, Belarus and Ukraine

Cooperation between 27 cross-border regions of Belarus, Russia and Ukraine has significant potential; however the existing frontiers and barriers are a significant factor that fragments the region’s economic space.


EDB Integration Barometer - 2013

In Belarus, Kazakhstan and Russia public support for the Customs Union and the Single Economic Space (SES) remains high at 65%, 73% and 67% respectively, as shown by the second survey of public preferences in the CIS with respect to various issues of Eurasian integration undertaken by Eurasian Development Bank’s (EDB) Centre for Integration Studies and the Eurasian Monitor international research agency. More than 14,000 people in eleven CIS countries and Georgia were polled — between 1,000 and 2,000 in each of the countries.


Economic Impact of Tajikistan’s Accession to the Customs Union and Single Economic Space

The Republic of Tajikistan’s (RT) accession to the Customs Union (CU) and the Single Economic Space (SES) will have a positive economic impact on the country’s economy.


Labour Migration and Human Capital of Kyrgyzstan: Impact of the Customs Union

Opinion of Kyrgyz migrants, «All migrants are waiting for Kyrgyzstan to join the Customs Union...»


Technological Coordination and Improving Competitiveness within the SES

The economic competitiveness of the Single Economic Space (SES) will be fostered through technological coordination and corporate integration throughout the Eurasian area.


The Customs Union and Neighboring Countries: Models and Instruments for Mutually Beneficial Partnership

For thepurposes of further development of the Customs Union (CU) and Single Economic Space (SES), the issue of formulating both additional and fundamentally-new forms of mutually-beneficial interaction with partner countries throughout the continent is growing increasingly acute.


EDB Integration Barometer 2012

The project of the EDB Centre for Integration Studies “EDB Integration Barometer” has a long-term status and presents the results of a comprehensive research study of public attitudes towards integration in the CIS region.


Unified trade policy and addressing the modernization challenges of the CES

The modernization challenges confronting the economies of Belarus, Kazakhstan and Russia require the formulation of a u CES (Single Economic Space) common trade policy. This is the conclusion drawn by the authors of the Report entitled: «Common Trade Policy and Addressing the Modernization Challenges of the SES», compiled by the EDB Centre for Integration Studies with the participation of leading Russian, Kazakh and Belarusian experts.


Monitoring of mutual investments in CIS countries - 2012

The report presents the research project to its readers, results of which considerably expand volumes of available information on transnational corporations in the Post-Soviet area and transboundary investments they make. Authors describe the research logic and methodology of compiling the only existing comprehensive database on mutual investments in the CIS space.


SES+ Grain policy

Growth in grain production is propelling Kazakhstan, Ukraine and Russia to the leadership ranks of the global grain market. A reconciled policy for sector development could emerge as an indicator of the maturity of regional grain farming and a driver of continued growth.


CU and border-area cooperation between Kazakhstan and Russia

The EDB Centre for Integration Studies in cooperation with The International Centre for Social and Economic Research — Leontief Centre (St. Petersburg) with the participation of CESSI — Kazakhstan (Astana) conducted research on the economic effects of the development of industrial relations under the influence of the Customs Union in the border regions of Russia and Kazakhstan.


Risks for the government finances of the CIS countries in the light of current world instability

The Report deals with the assessment of the risks for the government finances of the CIS countries in the light of current world instability. The authors of the Report reveal one of the topical problems: the impact of the increased turbulence in the global economy upon the government finances of the CIS countries.


Labour Migration in the CES: Economic Effects and Legal-Institutional Consequences of Labour Migration Agreements

The project included analysis of two agreements that came into force on January 1, 2012 within the CES between Russia, Belarus and Kazakhstan, namely the Agreement on the Legal Status of Migrant Workers and Members of Their Families and the Agreement on Cooperation in Preventing Illegal Labour Migration from Third Countries.


Studies of Regional Integration in the CIS and Central Asia: A Literature Survey

This work by Alexander Libman, senior research fellow of the RAS Institute of Economics, presents a review of the existing literature on economic and political integration within the Post-soviet space.


A Comprehensive Assessment of the Macroeconomic Effects of Various Forms of the Deep Economic Integration of Ukraine with Member States of the Customs Union and the Common Economic Space within the EurAsEU

The study indicates that development of the largest economies within the post-Soviet area (Russia, Ukraine, Belarus, and Kazakhstan) is associated with structural changes.


Kyrgyz Republic's Integration into the EurAsEC Customs Union

The study carried out in 2011 demonstrated that the Kyrgyz Republic’s integration into the Customs Union, members of which include the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation, can provide an additional economic effect for the CU countries anda considerable economic effect for KR.


2017 year

Monetary Policy of EAEU Member States: Current Status and Coordination Prospects

Joint Report by the Eurasian Economic Commission and the Eurasian Development Bank Eurasian Development Bank’s Centre for Integration Studies and the Macroeconomic Policy Department of the Eurasian Economic Commission (EEC) conducted a research titled Monetary Policy of EAEU Member States: Current Status and Coordination Prospects. The main objective was to analyse monetary policies in the EAEU countries since the Treaty on the Eurasian Economic Union provides for deeper economic integration, including in the form of coordinated macroeconomic and foreign exchange policies. The report based on the results of the research considers the following issues: the ongoing foreign exchange and monetary policies; the effectiveness of drivers used by regulators to influence the economy; barriers to the efficient coordination of monetary policies within the union; and possible common objectives and tasks solved by central (national) banks.


2016 year

EAEU and Eurasia: Monitoring and Analysis of Direct Investments 2016

The report presents new results of the permanent research project dedicated to monitoring of direct investments in Eurasia. It focuses on investments made by Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan, Azerbaijan, Tajikistan, and Ukraine in all countries of Eurasia outside the CIS and Georgia as well as reciprocal direct investments made by Austria, the Netherlands, Turkey, the United Arab Emirates, Iran, India, Singapore, Vietnam, China, the Republic of Korea, and Japan in the eight CIS countries listed above.


EDB Integration Barometer – 2016

The report presents the results of the EDB Centre for Integration Studies’ ongoing research project “EDB Integration Barometer”. In 2016, 8,500 people from 7 CIS countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, and Tajikistan) answered about 20 questions concerning the Eurasian integration and various facets of economic, political, and sociocultural cooperation in the CIS region. The research has been conducted by the EDB Centre for Integration Studies since 2012 annually in partnership with an international research agency “Eurasian Monitor”.


Monitoring of Mutual Investments in CIS Countries 2016

According to the seventh report of a years-long research project, mutual foreign direct investment (FDI) stock in CIS countries continued to go down, having decreased by $2.2 billion or 5% over the year. The main reason for this was the devaluation of the national currencies and the revaluation by companies of their earlier investments. Companies, however, tend to preserve their projects abroad, in the hope of better times, and not sell off their undervalued assets.


European Union and Eurasian Economic Union: Long-Term Dialogue and Perspectives of Agreement

This report presents preliminary results of conceptual analysis of developing EU-EAEU economic relations and search of practical approaches to achieving that goal. This work is processed by the International Institute for Applied Systems Analysis (IIASA, Austria) and the Centre for Integration Studies of Eurasian Development Bank (EDB) within long-term ongoing joint project “Challenges and Opportunities of Economic Integration within a Wider European and Eurasian Space”.


Regional Organizations: Typology and Development Paths

The report presents the results of the EDB Centre for Integration Studies’ ongoing project “Regional Integration in the World.” One of the aims of this project is comprehensive analysis of regional integration organizations in the world and later application of the findings in facilitating the processes of Eurasian integration. The report Regional Organizations: Typology and Development Paths provides the key conclusions and recommendations which are based on a detailed review of sixty organizations.


Liberalization of the Republic of Belarus Financial Market within the EAEU

The development of the EAEU requires a coordinated foreign exchange policy, harmonised regulations governing the financial market, and the establishment of a common financial market to ensure the free movement of capital between the member states. The single financial market will produce significant economic effects such as increased investments in the common market, maximized returns, broader risk distribution, and lower borrowing costs, especially for smaller economies.

Belarus will benefit from its movement towards a single financial market in the EAEU. However, this also creates certain challenges. These findings of Eurasian Development Bank’s (EDB) Centre for Integration Studies are presented in the report Liberalisation of the  Republic of Belarus Financial Market within the EAEU.


Forecasting System for the Eurasian Economic Union

Joint Report by the Eurasian Economic Commission and the Eurasian Development Bank

This work builds upon the findings of the joint research undertaken by the Eurasian Development Bank (EDB) and the Eurasian Economic Commission (EEC) to create a system capable of generating economic forecasts for EAEU member states, subject to any applicable country-specific social components. The project has yielded an Integrated System of Models covering five countries. It can be used to analyze economic processes, make projections, and develop proposals and guidance on streamlining economic policies within the EAEU.


2015 year

EAEU and Eurasia: Monitoring and Analysis of Direct Investments

The report presents new results of the permanent annual project dedicated to monitoring of direct investments in Eurasia. This report focuses on direct investments of Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan, Tajikistan, and Ukraine in all countries of Eurasia outside the CIS and Georgia as well as reciprocal direct investments of Austria, Netherlands, Turkey, Iran, India, Vietnam, China, the Republic of Korea, and Japan in the seven CIS countries mentioned above.


Regional Integration Database: Analytical Report

The EDB Centre for Integration Studies has completed the work on its first analytical report based on Regional Integration Database (RID). The author of the report conducted the structural analysis comparing the EAEU with other regional organizations (ROs). The application of RID enabled to provide a comprehensive profile of the advantages and disadvantages of different integration models, the elements of which can be effectively used in the context of the EAEU development.


EDB Member States

  • Russian Federation

    Russian
    Federation

  • Republic of Kazakhstan

    Republic
    of Kazakhstan

  • Republic of Armenia

    Republic
    of Armenia

  • Republic of Tajikistan

    Republic
    of Tajikistan

  • Republic of Belarus

    Republic
    of Belarus

  • Kyrgyz Republic

    Kyrgyz
    Republic