Latest Articles about Economics

Controversial Railway Projects in Kyrgyzstan and Mongolia

Despite sharing similar desires to become transit corridors between Europe and Asia, Kyrgyzstan and Mongolia have been unable to prioritize new railway projects, whereas Kazakhstan is moving far ahead by building new railways connecting Chinese, Iranian and Russian rail networks. With the newly built second... MORE

Uzbekistan and Tajikistan Try to Mitigate Water Disputes

In April 2015, the parties to the CASA-1000 project (Kyrgyzstan, Tajikistan, Afghanistan and Pakistan) signed a number of important legal documents that allow them to finally break ground on the project (Casa-1000.org, April 27, accessed June 5). The construction of the large-scale electricity transmission project,... MORE

Ukraine Fails to Make Shale Gas Breakthrough

Ukraine’s hopes to cut its dependence on gas imports from Russia through shale gas development have been dashed. The two multinationals that won government tenders to develop non-traditional gas deposits in Ukraine, Chevron and Shell, stopped their works last year, and there is no clarity... MORE

New Kyrgyz Prime Minister Faces Tough Balancing Act

On May 2, Kyrgyzstan’s President Almazbek Atambayev appointed a new prime minister—the Central Asian republic’s 27th since it became a sovereign state in 1991—Temir Sariyev, who had previously served as economy minister after Atambayev’s election to the presidency in December 2011. Earlier, on April 23,... MORE

Chinese Investors Show Interest in the North Caucasus

China has found an unlikely ally in the North Caucasus—the region’s smallest republic, Ingushetia. The Ingushetian government has announced that a large Russian-Chinese forum will take place in the republic and contracts worth millions of dollars will be signed. The republic’s government has agreed to... MORE