Latest Articles about Economics

Minsk Props up Currency, Diversifies Foreign Policy

The Belarusian ruble was re-denominated on July 1. Over the next six months, the banknotes in circulation will be replaced with new banknotes and coins in proportion of 10,000 old Belarusian rubles per 1 new Belarusian ruble. Thus, the legendary number of zeros on Belarusian... MORE

New Data Points to Worsening Economic Slump in Russia

During his appearance at this year’s St. Petersburg Eco­nomic Forum (June 16–18), President Vladimir Putin declared that “Russia has managed to resolve the most urgent problems in the economy” (Kremlin.ru, June 17). But just one week later, the Russian Ministry of Economy published new figures,... MORE

Belarusians Debate Their Development Path

The Fifth All-Belarusian People’s Assembly (ABPA) opened in Minsk, on June 22. The two-day gathering brought together 2,500 delegates representing managers from all levels of power along with publicly acclaimed “rank-and-file” workers, scientists, students, and so on (Belta.by, June 22). It is debatable why there... MORE

China Relocating Heavy Enterprises to Kyrgyzstan

Beijing and Bishkek have started negotiations on relocating 40 Chinese factories and plants to Kyrgyzstan. While Kyrgyzstan’s government says that this will help reindustrialize the country, there are concerns in Kyrgyz society that such plans will exacerbate Chinese expansion domestically. The government in Bishkek has... MORE

China’s Sinking Port Plans in Bangladesh

A key link in China’s Maritime Silk Road (MSR) suffered a setback in February when Bangladesh’s Awami League (AL) government shelved plans for construction of a deep-sea port at Sonadia, south of Chittagong. Bangladesh is an important participant in China’s “One-Belt, One-Road” (OBOR) initiative. An... MORE