Latest Articles about Economics

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

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

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

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

Russia Begins Collecting Its Ukrainian Gas Bill

Although demonstrators still occupy the Maidan in central Kyiv and none of Ukraine’s fundamental issues that precipitated the crisis in late 2013 have been resolved, it is clear that the Russian “transfusion” of support for Ukrainian bonds and lower natural gas prices has given President... MORE

Kumtor Gold Mine Nationalism Issue Roils Kyrgyz Politics

Since the December 1991 implosion of the Union of Soviet Socialist Republics (USSR), mineral extraction issues have risen to the forefront of post-Soviet Caucasian and Central Asian states, as newly independent countries have raced to exploit reserves previously underdeveloped by the Soviet administration in Moscow.... MORE

Kazakhstan to Pursue Key Socioeconomic Reforms in 2014

Following the publication of the “Kazakhstan-2050” strategy late in 2012, Central Asia’s biggest country carried out a series of structural reforms in 2013 aimed at modernizing its economic and social systems and optimizing its public finances. On January 16, President Nursultan Nazarbayev announced the creation... MORE

Kazakhstan and Azerbaijan Envisage Wide-Ranging Cooperation

On December 10, the Azerbaijan-Kazakhstan intergovernmental commission on economic cooperation met in Baku. Besides discussing various economic projects to boost mutual trade and investment, ministers from the two governments considered how to expand cultural exchanges.The two governments have repeatedly expressed disappointment with their low levels... MORE