Latest Articles about Economics
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Kazakhstan’s Economy: Planning for the Future
Kazakhstan is well known for the successful transformation of its economy following the country’s independence more than twenty years ago. Its leadership has consistently set ambitious goals to solidify the gains and diversify the economy to meet the challenges of the 21st century. The year... MORE
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Georgia Once Again Finds Russia To Be a Bad Negotiating Partner
On February 4, a Georgian delegation led by Levan Davitashvili, the head of the National Wine Agency at the Ministry of Agriculture, held another round of trade negotiations with Gennady Onishchenko, the head of the Russian state consumer agency Rospotrebnadzor. After the negotiations, the officials... MORE
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Capital Flight from Russia Tells a Tale About Regime Failure
Last week marked the anniversary of the shocking performance staged by the Pussy Riot punk rock group in the Christ the Savior Cathedral in Moscow. And this year saw a spectacular increase in the density of “patriotic” political noise silencing common sense in debates over... MORE
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Kazakhstani-Japan Economic Partnership Drives Forward
On February 18–19, Deputy Prime Minister and Minister of Industry and New Technologies Asset Issekeshev led a delegation of Kazakhstani government and business leaders to Japan. They signed a number of agreements with major Japanese companies, especially in the nuclear energy sector. These deals should... MORE
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Kremlin Moves Closer to Abandoning North Caucasus Tourism Development Project
On February 8, Russian Prime Minister Dmitry Medvedev held a government commission meeting in the city of Cherkessk, Karachaevo-Cherkessia on the socio-economic development of the North Caucasus. The commission called for investing additional funds—nearly $3 billion—through 2020 into the region’s agricultural development. Chechen leader Ramzan... MORE
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Belarus-Russia Integration Is Given a Boost
While Minsk has been recently trying its best to revive its relationships with the West (see EDM, February 13), reciprocal steps have not yet been undertaken by the Western countries and international structures. On the contrary, on February 8, the EU proposed that Belarus’s human... MORE
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US, Chinese Plans for Rail Links with Central Asia Triggering ‘Railroad War’ and Reducing Russia’s Influence
United States plans to link the countries of Central Asia by new rail lines with Afghanistan. At the same time, Washington opposes neither the construction of a railway corridor from Central Asia through Iran, nor Chinese extensions of its national rail system into the area.... MORE
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Kumtor’s Legal Controversy Creating Dangerous Precedent for Kyrgyzstan’s Investment Opportunities
On December 25, 2012, the state commission tasked by the government of Kyrgyzstan to analyze the legal situation around the Kumtor gold mine unveiled its official conclusions. This commission was formed back in July, following a decree by the country’s parliament that mandated the need... MORE
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Russia Eyes Stronger Economic Engagement with Central Asia
Russian authorities reiterated, on January 22, pledges of increased economic engagement with Central Asia. The foreign ministry advocated plans to develop economic and trade ties with the region, while other officials urged the creation of a Russian state corporation that would encourage economic development there... MORE
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President Nazarbayev Announces a String of Optimization Measures to Tackle Social and Economic Issues
Just two weeks into 2013, Kazakhstan’s President Nursultan Nazarbayev announced the reorganization of the country’s government. On January 16, he ordered the establishment of a new ministry in charge of regional development whose head, Bakhytzhan Sagintayev, had previously led the day-to-day activities of the ruling... MORE