Latest Articles about Economics

China and Kyrgyzstan Discuss Rail Projects

China is increasingly interested in railway construction in the former Soviet Central Asian states as a land alternative to maritime transit for shipping high-value, low-volume products such as electronics to European markets. If all goes according to plan, in May 2014 the final technical decisions... MORE

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

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

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

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

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

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

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