Established in Kyiv in 1995, the organization supports policy-research, training, workshops and research infrastructure as part of the wider Global Development Network's operations in post-Soviet states.
The work of the EERC is supported by a panel of international donor organizations that joined forces in 1995 to modernize economics education and research in the CIS.
Having achieved initial success in its teaching program, the longer-term aim of the EERC is to create a local centre for academic excellence in economics.
Since 2000, EERC-Russia has been serving as the regional representative of the Global Development Network (GDN) in CIS countries.
The EERC also holds semi-annual grant competitions and other tenders for research on specific topics, and hosts workshops and produces working papers on relevant economic policy questions in the CIS.