Latest Articles about Economics

Armenian Government Must Choose Between Energy Diversification and Loyalty to Russia
In mid-June, the CEO of Russia’s gas monopolist Gazprom, Alexei Miller, paid a spontaneous visit to Yerevan, where he met with Armenia’s Prime Minister Karen Karapetyan. Official information about the meeting is rather scarce. Besides mutually exchanged compliments, reports mention plans for the exploitation of... MORE

Georgian-Chinese FTA: A Trade Agreement With Caveats
When the Minister of Commerce of the People’s Republic of China (PRC) Zhong Shan and Georgia’s Minister of Economy Giorgi Gakharia signed a bilateral Free Trade Agreement (FTA) in Shanghai, on May 13, it all looked good on paper. Following a seven-month-long process of final-stage... MORE

Strategic Partnership Agreement: A New Chapter in EU-Azerbaijan Relations
On June 13–14, the European Union and Azerbaijan held another round of talks on the Strategic Partnership Agreement (SPA). Those ongoing discussions were first inaugurated on February 6, with the official visit of Azerbaijani President Ilham Aliyev to Brussels. Azerbaijan’s Ministry of Foreign Affairs (MFA)... MORE

Naftohaz Ukrainy Hopes for Final Victory Over Gazprom in International Court
The Arbitration Institute of the Stockholm Chamber of Commerce has preliminarily ruled in favor of the Ukrainian state-owned oil and gas firm Naftohaz Ukrainy over Russian Gazprom’s claims regarding its natural gas supply. The same court is yet to rule on another contract between Naftohaz... MORE

Russia Aims to Return to Baikonur Cosmodrome Amid Vostochny Problems
The Russian Space Agency (Roscosmos) made a surprise announcement on June 2. The head of the agency, Igor Komarov, told the media that the first launch of a brand new manned spacecraft called Federation was planned from the Baikonur Cosmodrome in central Kazakhstan in 2022.... MORE

Airline Pilot Shortage Illustrates Broader Systemic Problems in Russia’s Labor Market
Several weeks ago, during the annual St. Petersburg Economic Forum (June 1–3), Vitaly Savelyev, the director general of Russia’s flag carrier, Aeroflot, confirmed a fact that was already well known to industry insiders: experienced airline pilots are becoming a rare asset in Russia, since too... MORE

Putin Addresses Country Days After Mass Arrests of Nonviolent Protesters in Moscow and St. Petersburg
President Vladimir Putin (64) has not yet officially announced whether he will run for a fourth term as head of state on March 18, 2018. During the traditional annual nationwide live multi-hour televised phone-in, held this year on June 15, Putin did not announce his... MORE

Italy and Russia: Between Economic Cooperation and Mediterranean Problems
Italian Prime Minister Paolo Gentiloni met with Russian President Vladimir Putin, in Sochi, on May 17, a few days before the G7 summit, which was organized by Italy and held in Taormina, Sicily. The Trump-Gentiloni meeting focused on a number of pressing issues, from economic... MORE

Xi Jinping and the ‘Other’ China
At the end of May, China held its annual Chinese Poverty Alleviation International Forum (中国扶贫国际论坛), which serves to draw attention to Chinese achievements in this area (Xinhua, May 26). Poverty alleviation is likely to remain a key theme in state media as China prepares for... MORE

Politics Dominate but Cannot Invigorate Economy in Putin’s Russia
The St. Petersburg Economic Forum (held on June 1–3) is a one-of-a-kind high-profile event, where Russian business elites camouflage their worries through demonstrations of loyalty, and in which high-level lobbying for or against reforms is mixed with expensive entertainment. Government officials are allowed a bit... MORE