Latest Articles about Economics

Kazakhstani-Russian Space Cooperation Set to Shrink in 2015
Apart from closer economic and trade ties, the Eurasian Economic Union (EEU), which its three founding members—Russia, Kazakhstan and Belarus—expect to launch as early as next January, also foresees increased cooperation in the scientific field, with an emphasis on innovations. While Russia and Kazakhstan have... MORE

Is Georgia getting closer to the EU, but farther from NATO?
On June 27, Georgian Prime Minister Irakly Garibashvili signed a historic Association Agreement between Georgia and the European Union (EU). People in Tbilisi celebrated this event as a national holiday. Political forces in the country unanimously agree on the necessity and benefits of association with... MORE

Chinese High Speed Rail Leapfrog Development
Since serious Chinese planning of high-speed rail (HSR) networks began in the 1990s under the guidance of the Ministry of Railways (MoR), rail planners have sought to create independently trademarkable Chinese brands capable of competing in global markets in addition to confronting domestic transport inefficiencies... MORE

Kremlin Pushes Dagestani Billionaires to Invest in Dagestan
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

South Stream Brings Down Bulgaria’s Government
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

Ukraine’s Banking Sector in Dire Straits as War Continues
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

Chinese Analysts Interpret Modi’s New India
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

Uzbekistan’s Latvia Foray
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

The Energy Context behind China’s Drilling Rig in the South China Sea
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 Takes Steps Toward Realizing Silk Road Ambitions
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