Latest Articles about Economics
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The Mongolian-Russian-Chinese Northern Railway Corridor
On December 18, 2013, in Ulaanbaatar, the Mongolian government’s Ministry of Road and Transportation and the Mongolian-Russian shareholding “Ulaanbaatar Railway” Society organized the first tripartite consultative meeting of “The Mongolian-Russian-Chinese Northern Railway” (news.mn, December 19, 2013). Because of the lack of existing rail freight loading... MORE
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Re-Privatization of Kazakhstani Banks to Ensure Protection From Customs Union Competition
On January 17, Kazakhstan’s President Nursultan Nazarbayev made his traditional address to the nation, unveiling the key aspects of this year’s government agenda. While most of his speech was dedicated to the implementation of the “Kazakhstan 2050 strategy,” an ambitious program aiming to catapult the... MORE
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Dependency on Russia and Belarusian Identity
Recently published detailed analysis of Belarus’s economic problems on the Russian analytical portal Regnum (https://www.regnum.ru/news/1752886.html) is couched in stridently negative terms. The highlights include a decline of industrial exports to Russia because of lower (recession-conditioned) demand and heightened competition due to Russia’s accession to the... MORE
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Russia Is Prepared to Sell Iranian Oil as Its Own
The Iranian Foreign Minister Mohammad Javad Zarif and the Syrian Foreign Minister Walid Muallem have flown to Moscow on the same plane this week to meet their Russian counterpart, Sergei Lavrov, to discuss the situation in Syria and the Geneva II peace conference due later... MORE
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Uzbekistan’s Economic Situation in 2013: Growth vs. Clan Interests
As 2013 came to an end, the economy of Uzbekistan reportedly finished strong. Industrial manufacturing output and exports saw a boost. Moreover, the Oliy Majlis, the parliament of Uzbekistan, approved a program to create nearly a million places of work in 2014. In his Constitution... MORE
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Moscow Sees Northern Sea Route Vitiating Great Silk Road
When the Soviet Union disintegrated, many in Europe and the United States talked about building an updated version of the Great Silk Road to link China with Europe via the countries of Central Asia and the Caucasus and to help redirect the focus of these... MORE
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Will Kazakhstan Become a Full Partner in the Baku-Tbilisi-Kars Railway?
On December 11, 2013, Kazakhstan’s ambassador to Azerbaijan, Amangeldy Zhumabaev, told a press conference that his country was interested in transporting its goods along the Baku-Tbilisi-Kars railway currently under construction—particularly for transporting Kazakhstani oil and grain(Tengrinews, December 11, 2013).Zhumabaev said, “For us it is very... MORE
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Decisive Year for Kazakhstan’s Eurasian Hub Ambitions
One priority for Kazakhstan this year is to execute the country’s first comprehensive transportation infrastructure development plan, which the government drafted in collaboration with the World Bank and adopted last November (en.government.kz, November 16, 2013). The plan, which extends to 2020, aims to realize Kazakhstan’s... MORE
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Xi Evokes “New Left” Vision of China’s Future
Chinese President Xi Jinping honored the 120th anniversary of Mao Zedong’s birth on December 26, using the occasion to speak at length about the significance of the founder of the People’s Republic in Chinese and Party history (Xinhua, December 26). The speech was generally laudatory... MORE
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Belarus: Hallmarks of 2013 and Prospects for 2014
The year 2013 was marked by Belarus’s deepening economic dependency on Russia. It became apparent that the generous socio-economic model of the Belarusian state—including heavily subsidized utilities and mortgage loans; free health care and education; a retention of the Soviet-era recreational facilities such as day... MORE