Latest Articles about Economics

Belarus Redoubles Efforts to Connect With the World
While the outcome of this past month’s presidential elections in Belarus continues to be discussed, the major news refrains have become the debate on a Russian airbase in Belarus, rapprochement with the West, the prospects for economic reform, and labor migration to and from Belarus.... MORE

Next Focal Point of China’s Stock Market: Earnings—But Can We Trust the Numbers?
The recent stock market turmoil and the economic slowdown in China have kept analysts busy projecting where the economy is going and what the government will do. The Chinese government has also issued a number of reforms of state-owned enterprises and other aspects of the... MORE

The End of China’s Play in the Canadian Oil Sandbox?
Only three years ago, China National Offshore Oil Corporation (CNOOC), China’s third-largest national oil company (NOC), launched the largest-ever Chinese overseas takeover bid, offering $15.1 billion to buy Nexen Inc., Canada’s ninth-largest oil company. Together with China National Petroleum Corporation and Sinopec Group, China’s two... MORE

The Islamic State’s Balkan ‘Strongholds’
To the Islamic State militant group, foreign fighters from the Balkans have particular importance due to their historical ties to Islam, their homelands’ proximity to other Western Europe and because ethnic disputes in the region remain close to the surface. A video released in June... MORE

Defying Georgia, Turkey Gradually Cultivates its Influence in Separatist Abkhazia
Turkey has been one of Georgia’s closest economic and political partners in the wider Middle East since the latter country regained its national independence in 1991. Currently, Turkey is Georgia’s biggest trading partner, with a 15.4 percent share of Georgia’s total trade turnover with the... MORE

Moscow Launches Hybrid ‘Rail War’ Against Latvia
Russia’s aggression against its neighbors is often called “hybrid” war because it makes use of techniques that give the Kremlin deniability in the eyes of some while allowing Russia to advance its power into the territories of other states. If one accepts that definition, even... MORE

Russia’s Import Substitution Plan Faces Harsh Reality
On August 4, Russian Prime Minister Dmitry Medvedev decreed the establishment of a state commission on import substitution. This new entity within Russia’s executive branch aims to alleviate the country’s dependence on the import of goods and services from abroad and to spearhead growth in... MORE

Ukraine Introduces Sanctions Against Russian Citizens, Companies
On September 16, Ukrainian President Petro Poroshenko signed a decree introducing sanctions against 105 firms and 388 individuals, mainly from Russia, for supporting the annexation of Crimea and the war in the eastern Ukrainian region of Donbas (President.gov.ua, September 16). The decree came into effect... MORE

Kazakhstan’s Oil Dependence Jeopardizes Domestic Stability
On August 20, the National Bank of Kazakhstan (NBK) came forward with a surprise announcement. The central bank’s chairman, Kairat Kelimbetov, made official the immediate shift to a floating exchange rate of the tenge, the national currency. Since its introduction into circulation in late 1993,... MORE

The Gloves Come Off: The Dutch Response to Jihadists in Syria and Iraq
In December 2014, a video testament emerged in which 19-year-old Sultan Berzel, from the Netherlands’ southern city of Maastricht, called on Muslims to make hijra (a religious migration) to the self-proclaimed Islamic State group. He delivered his message in a quiet voice and with a... MORE