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

Georgia’s Anaklia Port May Alter Balance of Power Near Russian-Occupied Abkhazia
On June 9, the Georgian government finally selected two winners, two consortia that are to move to the final stage of the bidding process to design, construct and operate the deep sea port of Anaklia, on Georgia’s Black Sea cost. Both consortia are owned by... 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

Moscow Reluctant to Permit Cooperation between Crimea and the North Caucasus
Following last year’s annexation of Crimea, Russia’s initial tactic was to propagate multiple connections between the people on the peninsula and the country’s population. A year later, North Caucasian activists say that the Russian government is insulating Crimea from the North Caucasus and preventing the... MORE

‘Land Grab’ Case Lays Bare the Frailty of Russian-Chinese Relationship
At a time when Moscow’s relations with the West are continuing to deteriorate, and with the unresolved Ukrainian crisis looming large in the background, Russia is seeking to strengthen its partnerships with the Middle East and Asia, first and foremost with China. The recent St.... 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

Is Russia’s Government Planning to Take on Chechnya’s Strongman?
Russian analysts are beginning to wonder whether Moscow has grown tired of Chechnya’s ruler, Ramzan Kadyrov, and wants to replace him. Recent attacks on human rights activists in Chechnya received unusually wide and negative media coverage in Russia, even though years of routine rights violations... MORE