The return of controversial billionaire Suleiman Kerimov to Dagestan was this month’s big news in the republic. International Airport Makhachkala, a company affiliated with Kerimov, acquired a majority stake in the Makhachkala airport for $9 million and is expected to finalize its acquisition later. The... MORE

Bulgaria is heading for new parliamentary elections as the troubled governing coalition fell apart one year into its mandate. This development was not caused by the daily anti-government protests that have continued for over a year. Indeed, the ruling elite has paid little attention to... MORE

The National Bank of Ukraine (NBU) has decided to liquidate two large domestic banks. On June 11, the NBU said it would liquidate Brokbiznesbank (bank.gov.ua, June 11), and on June 16, it named Forum (bank.gov.ua, June 16). All in all, seven Ukrainian banks have sunk... MORE

The landslide victory by Narendra Modi in India’s national elections has raised questions throughout Asia about India’s role in the region. Chinese experts have watched the transition with great interest, many seeking historical analogies to explain the new leader. One of the most optimistic is... MORE

Early in 2014, at a meeting of the Cabinet of Ministers, Uzbekistan’s President Islam Karimov declared, “The main goals and priorities for advancing the economy in 2014 are dictated primarily by long-term program objectives of the country, the continuation of the adopted strategy ensuring high... MORE

On May 3 China placed the Haiyang Shiyou 981 deep water semi-submersible drilling rig 119nm off the coast of Vietnam and 180nm from Hainan Island. The rig lies 17nm from Triton Island, part of the Paracel islands that China occupied by force from then South... MORE

China’s vision for a new “Silk Road economic belt,” as recently announced by Xinhua, is establishing regional integration around China as an attractive economic direction for Central Asian countries. With a series of strategic agreements between Chinese President Xi Jinping and leaders of central Asian... MORE

The ceremony in Astana last Thursday (May 29) on signing the Eurasian Economic Union between Russia, Belarus and Kazakhstan was a surprisingly business-like affair. The lack of fanfare reflected the mood of Kazakhstani President Nursultan Nazarbaev, who was not altogether pleased with how his old... MORE

On May 29, in the Kazakhstani capital of Astana, the presidents of Russia, Kazakhstan and Belarus signed a treaty to form the Eurasian Economic Union (EaEU)—a post-Soviet reintegration project vigorously pursued by President Vladimir Putin. The EaEU will come into being next January, after the... MORE

Amongst the many complexities of integrating Crimea into Russia, problems regarding the currency and the scheduling of local elections remain at the top. On May 14, the lower house of the Russian parliament (the State Duma) adopted a resolution officially scheduling the local legislative elections... MORE