Latest Articles about Economics

Belarusian Economy: Challenges and Gains

In the first half of 2017, Belarus’s economy finally overcame its 2.5-year-long downward trend (EurasiaExpert, August 31). Thus, Belarus’s gross domestic product (GDP) has increased 1 percent compared with the first half of 2016. Industrial output increased 6.1 percent and retail sales—0.7 percent. In the... MORE

Turkey Chooses Russian Missile Defense System

Recent reports confirm that Turkey has agreed to purchase the S-400 Triumph Russian air and missile defense system (TRT World, August 23). Under the deal, worth $2.5 billion, Turkey will receive two S-400 batteries (Hurriyet Daily News, July 17). The system is advertised as being... MORE

Modest Restart to Ukrainian Privatization

After a break prompted by war and economic collapse in 2014–2015, Ukraine restarted its privatization campaign in August 2017. The local privatization body, the State Property Fund (SPF), sold only five out of the state’s eight 25 percent stakes in the regional power-supply and generation... MORE

The Most Talked About Stories Coming out of Belarus

Not only beauty is in the eye of the beholder. In the absence of attention-grabbing cataclysms, the most talked about issue related to Belarus depends on who you ask. Thus, ordinary Belarusians are mostly preoccupied with price hikes, the cost of utilities in particular, and... MORE

The Kerch Strait Bridge: A New Threat to Regional Stability

After illegally annexing Crimea in 2014, Russia declared it would build a 12-mile-long road-and-rail bridge across the Kerch Strait, connecting mainland Russia to the occupied Crimean Peninsula. And last year (2016), with construction underway, Moscow officials promised that the building of this massive bridge would... MORE
Photo by Evan Kirby on Unsplash

Making Sense of China’s Caribbean Policy

While the world's attention focuses on the Belt and Road Initiative (BRI) connecting China with Eurasia and Africa, China is also making major investments in the Caribbean. In September 2016 the China Harbor Engineering Company (中国港湾工程有限责任公司) agreed to build a mega-port in Jamaica that would... MORE

The Bloom Comes off the Arctic Rose

For about a decade, the Arctic has been a showpiece of Russian policy. And with the Vladimir Putin regime’s displayed proclivity for engaging in vast “mega-projects” like the Sochi Olympics, the Arctic had been in a class of its own as a multi-year economic and... MORE