Wednesday, January 28, 2015

Economy of Belarus recognized the least free in the Eurasian Union – a REGNUM

Economy of Belarus recognized the least free in the Eurasian Union – a REGNUM

28.01.2015 15:42

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According to the results compiled in the United States “Index of Economic Freedom” Ukraine’s economy is recognized the worst of the European post-Soviet republics, Belarus and the economy – the worst in the Eurasian Union, which unites Russia, Belarus, Armenia and Kazakhstan. This is stated in a study conducted by the Joint Research Centre The Heritage Foundation («Heritage Fund”) and the newspaper The Wall Street Journal.

A total of 178 countries studied. Leaders recognized Hong Kong and New Zealand, and outsiders – Venezuela, Cuba and North Korea. From the former Soviet republics the best places in the ranking took the Baltic and Georgia: Estonia (8th place), Lithuania (15th), Latvia (37th), Georgia (22th).

Russia won 143rd place in the group of countries with “mostly unfree” economies. Much better assessed the degree of economic freedom in Armenia (52 th) and Kazakhstan (69th place). Economy of Belarus recognized as “not free” (“repressive”) and ranked 153rd place in the less prestigious group of countries.

Ukraine ranked 162 th place, ahead of Turkmenistan (172 th), but losing to Uzbekistan (160 e). Candidate for membership in the Eurasian Union – Kyrgyzstan – took 82 th place.

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As reported IA REGNUM , the Eurasian Economic Union started on 1 January 2015, declaring the provision of classical principles of freedom of movement of goods, services, labor and capital. As in the situation at the beginning of the Customs Union, the mechanisms of the EAEC will be launched gradually. It is expected that in 2015 a full member of the Eurasian Union will be Kyrgyzstan, after which will be signed agreements on free trade areas with foreign countries (Vietnam, etc.).

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