Latest Articles about Economics
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Kazakhstan’s Delicate Balancing Act Between Turkey and Russia
Turkish Prime Minister Ahmet Davutoğlu visited Kazakhstan, on February 6, where he and his host government discussed bilateral cooperation on large-scale transit corridor projects (Akorda, February 6). As a “new Silk Road” of transportation infrastructure slowly emerges across Eurasia, Turkey and Kazakhstan are becoming important... MORE
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Chinese Influence Faces Uncertain Future in Myanmar
At the beginning of February, members of Myanmar’s National League for Democracy (NLD) took their seats in the national parliament (People’s Daily, February 2). Though the transition was peaceful, Myanmar’s neighbors are anticipating political instability and ethnic unrest to escalate in the coming months, and... MORE
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Russia’s S-300 Shipment to Iran Appears Stalled Again
The Iranian minister of defense, General Hossein Dehghan, was greeted with exclusive pomp during his visit this week (February 15–16) to Moscow. Dehghan was granted an audience in the Kremlin with President Vladimir Putin—an exceptional overstep of protocol—coming on top of talks with his Russian... MORE
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Russian Defense Ministry Holds More Exercises in Dagestan
Following the military exercises conducted in Dagestan last month by the snipers of the Southern Military District motorized infantry, during which troops learned speed shooting at the Dalny shooting range near the city of Buinaksk (Arms-expo.ru, January 17), a new round of military exercises was... MORE
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Looming Long-Term Economic Problems Stem From Kyrgyzstan’s EEU Membership
It has been half a year since Kyrgyzstan officially joined the Moscow-led Eurasian Economic Union (EEU) of Russia, Kazakhstan, Belarus and Armenia. Its accession treaty took effect on August 12, 2015. That same day, Kazakhstan tore down customs controls on its border with the Kyrgyz... MORE
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Belarus, the IMF and Reforms: To Be or Not to Be?
The government of Belarus hopes to initiate a new credit program with the International Monetary Fund (IMF) in February of this year (BelaPAN, January 11). Representatives of the IMF confirmed in recent months that they have seen considerable progress in their negotiations with the Belarusian... MORE
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New Economic Data Show Georgia’s Deepening Economic Malaise
On January 29, the National Statistics Office (NSO) of Georgia released new economic data, which shows that in 2015, the country’s GDP grew by just 2.8 percent, significantly less than its 4.6 percent growth from 2014 (Geostat.ge, January 29). In fact, for a lower middle... MORE
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Protests in Azerbaijan: A Political and Economic Watershed
Following the devaluation of Azerbaijan’s national currency, the manat, in December 2015—the second in a year—the public has struggled to understand how this policy will affect their daily lives. The impact has become clearer during the first month of 2016: salaries have dropped dramatically, and... MORE
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Russia’s Economic Decline Puts the Armenian Government Under Pressure
As oil prices have gone down significantly, the consequences may go well beyond the depreciation of the Russian ruble and Russia’s economic decline. Armenian Deputy Minister of Finance, Pavel Safaryan, recently stated that some of loans previously promised by Russia, including the $270 million loan... MORE
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The Russian Public Seems to Be Less Receptive to Hate Propaganda
Low oil and commodity prices have crippled the Russian economy, caused a massive devaluation of the ruble and a contraction of government budget expenditures. At a conference of the All-Russian Peoples Front (VNF—Vserossiysky Narodni Front—a pro-Kremlin populist organization) in Stavropol in the North Caucasus this... MORE