Latest Articles about Economics

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

Putin’s Political Pause Amid National Mobilization

As if trying to compensate for his recent “disappearance” in early March, President Vladimir Putin participated in a series of high-intensity meetings and public events last week. His domestic audiences included students and “heroes of labor”; instructions were issued to government ministers, members of the... MORE

Nazarbayev Reelected, but Challenges Lie Ahead

On April 26, Kazakhstan held an early presidential election, the fifth presidential election in its modern history since gaining independence in late 1991. Unsurprisingly, the incumbent, Nursultan Nazarbayev, won the vote by a landslide. According to the Central Election Commission’s official communiqué, he obtained 97.75... MORE

Gazprom Must Compromise on EU Charges, but Putin Cannot

The European Commission delivered, on April 22, a “statement of objections” resulting from its probe launched back in September 2012, which amounts to charging Gazprom with abusing its dominant position on the gas market in several EU member states. The content of the charges has... MORE

Russian Company That Illegally Operates in Abkhazia Is Coming to Georgia

Abkhazia, a former autonomous region of Georgia, was recognized as an “independent state” by Russia following the five-day Russian-Georgian war in August 2008. A couple weeks ago (April 10), the “prime minister” of Abkhazia, Artur Mikvabia, officially presented the self-proclaimed republic’s newest deputy prime minister,... MORE

Russia Paying Steep Price for Annexing Crimea

This week (April 21), Russian prime minister and former president Dmitry Medvedev spent several hours presenting to the State Duma (lower house of parliament) the annual government report on policies and achievements in 2014, as required by the constitution. According to Medvedev, Russia is under... MORE