OREANDA-NEWS. February 04, 2009. In accordance with the agreements reached at the informal meeting of the President of Kazakhstan, President of Russia, President of Kyrgyzstan, President of Tajikistan, and President of Armenia on December 19-21, 2008 in Burabai the heads of member countries of the EurAsEC discussed issues on joint overcoming of the effects of the global economic crisis, reported the Official website www.akorda.kz.

Following the meeting, the heads of state of the Organization’s member countries signed an agreement on establishing a joint Anti-Crisis Fund with funds of US10 billion and a Centre for High Technologies.

The establishment of the fund will help the EurAsEC member countries coordinate their work in avoidance of the destabilizing factors’ effects on national economies, in support large enterprises and business activity.

The activity of the Centre for High Technologies is aimed at joint elaboration and realization of the scientific and technical programs, innovation and venture projects.

A meeting of President Nursultan Nazarbayev and President Dmitry Medvedev took place following the CSTO and the EurAsEC summits. It was the first meeting of the leaders of the two countries in 2009, in the course of which current issues of bilateral cooperation were discussed and specific short-term prospects of interaction were emphasized.