Latest Articles about Economics

Yerevan Electricity Protests Reach Climax

Protests in Yerevan and other Armenian cities have persisted for over a week, following the state regulatory commission’s June 17 decision about increasing the electricity fee from August 1. As previously suggested (see EDM, June 12), the commission decided upon a smaller fee increase than... MORE

Russia’s Bankrupting Empire

Following the June 22 decision by the European Union to extend its sanctions on Russia for another six months, Russian Prime Minister Dmitry Medvedev soberly declared two days later that the country’s faltering economy would force the government in Moscow to make some difficult choices... MORE

Iran-Armenia Railway Project Remains Controversial

Discussions surrounding the proposed Iran-Armenia railway project have intensified in early June, after a statement made by Russian Railways’ CEO, Vladimir Yakunin, who said that the project would not be expedient: “It is like opening a window to nowhere, to the wall of a neighboring... MORE

Financial Defaults May Loom for North Caucasian Republics

Russian news agencies reported in early June that Novgorod Oblast in central Russia had become the country’s first region to default on its financial obligations. An official from the Novgorod financial department told RBK news agency that the region failed to make a payment of... MORE

Putin’s Economic Forum: Delays, Obfuscations and Irrelevance

The annual St. Petersburg economic forum used to be a major gathering of investors and stakeholders, who would anticipate President Vladimir Putin’s keynote speech every year for hints about where to find the richest dividends in the Russian economy. This year, however, the traditional pomp... MORE

Bringing Belarus Back in From the Cold (Part Four)

To read Part One, please click here.To read Part Two, please click here.To read Part Three, please click here. To help lessen Belarus’s economic dependence on Russia, and reach out to mainstream Belarusian society, the European Union has a range of non-political instruments available. The... MORE