Latest Articles about Economics

Türkiye Strengthens Pivot Toward China
Executive Summary: Turkish Foreign Minister Hakan Fidan’s visit to Xinjiang underscores an expanding partnership with China, signaling a shift in Türkiye’s approach to the Uyghur issue and demonstrating a renewed focus on strengthening bilateral ties. Ankara seeks greater Chinese investment and a reduction in their trade imbalance amid severe economic struggles... MORE

Transformation of Caspian Sea Region Into Energy Hub Gaining Momentum (Part One)
Executive Summary: Kazakhstan, Azerbaijan, and Uzbekistan have formed a plan for the transmission of green energy to the European Union via the Caspian Sea. The use of Caspian routes to transport energy to Europe has increased following Russia’s full-scale invasion of Ukraine and the subsequent... MORE

Rare-Earth Reserves in Central Asia Sparking Intense Geopolitical Competition
Executive Summary: The enormous rare-earth mineral reserves in Central Asia are intensifying geopolitical competition among China, the West, and Russia and have been complicated by their competing agendas. Beijing wants to develop a monopoly on rare earths, the United States and the European Union want... MORE

Challenges in Azerbaijani-Israeli Strategic Relationship After October 7
Executive Summary: Azerbaijan has taken a more conservative stance on the war in Gaza, maintaining relations with Israel, on the one hand, and avoiding declaring Hamas a terrorist organization, on the other. Baku’s position represents a break from the responses of Türkiye, Pakistan, and many... MORE

Uzbekistan to Increase Rare-Earth Production
Executive Summary: Uzbekistan’s President Shavkat Mirziyoyev has emphasized the development of the country’s rare-earth mining sector as a primary goal of his government due to the country’s massive reserves. Uzbekistan has begun to work with the European Union, United States, and United Kingdom to develop... MORE

Hong Kong’s Ambitious And Difficult Cryptocurrency Foray
Executive Summary: Hong Kong’s Securities and Futures Commission (SFC) announced that 11 cryptocurrency exchanges are close to being licensed to operate in the city, aiming to establish Hong Kong as a leading digital assets hub. However, 12 exchanges did not advance in the licensing process,... MORE

Georgia’s Anaklia Deep-Water Port Becomes Chinese Geopolitical Project
Executive Summary: The Georgian Dream government has announced that a Chinese-Singaporean consortium dominated by the Chinese state won the tender for the construction and management of the strategic Anaklia deep-sea port. The port could drastically change the geoeconomic and geopolitical situation in the region, providing... MORE

Uncertainty Abounds in Talks on the Possible Export of Turkmen Gas to Europe
Executive Summary: Azerbaijan and Türkiye signed an agreement for cooperation with natural gas, which includes increased export of Central Asian and Azerbaijani gas to Türkiye with Turkmenistan being a primary exporter. Debate over including Iran in these agreements adds uncertainty to the project due to... MORE

Cryptocurrency Operations Expand in Russia
Executive Summary Cryptocurrency use has expanded in Russia since the beginning of the war against Ukraine and is being embraced as a method of subverting economic isolation. Russia and Belarus are using the development of blockchain-based technologies to enable continued access to international trade without... MORE

Rostec 2023 Financial Data Illustrates State of Russian Military-Industrial Complex
Executive Summary: The head of Russian state-owned military-industrial corporation Rostec released the company’s 2023 annual corporate report, providing insights into the state of the Russian military-industrial complex. There is no sign of an “arms manufacturing miracle” in Russia despite Russian officials’ attempts to argue that... MORE