Latest Articles about Economics
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The Sochi Games and the Russian Dream Yet to Come True
The opening ceremony of the Sochi Winter Olympic Games (February 7) was just about picture-perfect, and the sizeable legion of critics, including most of the home-grown disbelievers in the ability of the ruling plutocracy to organize this mega-event, had to eat their words. It is... MORE
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Kazakhstan Makes Bet on Development of Country’s Transit Capacity
On January 17, Kazakhstani President Nursultan Nazarbaev delivered his annual address to the nation, titled “Kazakhstan’s way—2050: common aim, common interests, common future.” The address largely elaborated on the national development plan and ways to achieve the goal of bringing Kazakhstan into the group of... MORE
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Sale of Crimean Land by Yanukovych: ‘Made in/for China’
While most of the worldwide media outlets focused on Euromaidan protests in Kyiv since Ukraine’s withdrawal from signing the Association Agreement with the European Union in November 2013, the signing of a five-year economic agreement between Ukrainian President Viktor Yanukovych and several Chinese companies went... MORE
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Kazakhstan Looking to the West to Ease Dependence on Russia
On January 22, Kazakhstani President Nursultan Nazarbayev arrived in Davos to attend the 44th session of the World Economic Forum and held a number of bilateral meetings. These included, among others, private conversations with high-level officials of the European Union, the European Bank for Reconstruction... MORE
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Political Scandal in Uzbekistan Harms Investment Climate
Amid an ongoing domestic political scandal, Uzbekistan may face another wave of investment capital flight. On January 2, British-Canadian Tethys Petroleum announced its decision to leave Uzbekistan and focus on projects in Kazakhstan and Tajikistan. Tethys Petroleum is a public company listed on the Toronto... MORE
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Nazarbayev’s State of Nation Address Reaffirms Bold Development Vision
In his January 17 State of the Nation Address, Kazakhstani President Nursultan Nazarbayev reaffirmed the core long-term vision of stable economic development found in the “Kazakhstan-2050” national development strategy that he proposed in his December 2012 address. For example, the president wants to increase Kazakhstan’s per capita... MORE
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Moscow and European Commission Negotiate Over OPAL Gas Pipeline
The European Union–Russia biannual summit, postponed from December 2013 and held on January 28, 2014, and reduced to three hours instead of the customary one and a half or two days, perforce omitted energy from its agenda. The severely abbreviated summit in Brussels had to... MORE
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Gazprom Intent on Rolling Back EU’s Energy Market Legislation
With the backing of the Kremlin, and some help from interested European parties, Gazprom is intent on rolling back the European Union’s Third Energy Legislation Package on EU territory. The Russian government and Gazprom have signed inter-governmental and corporate agreements to build sections of the... MORE
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Davos Discussions Disprove Russia’s Resurgence
So much self-congratulating has been emanating from the Kremlin following the spectacular triumphs of Russian foreign policy since September 2013, that the court of President Vladimir Putin prefers to ignore the fact that the annual meeting of the World Economic Forum, which took place in... MORE
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Political and Economic Developments in Uzbekistan: 2013 Year in Review
As 2013 came to a close, China and Russia continued to be Uzbekistan’s most important partners: China as the country’s biggest investor, and Russia as its largest trade partner. However, last year’s signing of the Agreement on Strategic Partnership between Uzbekistan and Kazakhstan made Astana... MORE