Latest Articles about Economics
Policy Reform Measures Highlight Potential for Transformation
In the next five years, China will implement a series of transformative public sector reforms due to the convergence of several factors over the past year that have made China ripe for change. Most obvious among them is the fact that the party leadership chosen... MORE
Dmytro Firtash Launches New Opaque Gas Intermediary
For 20 out of the 22 years of Ukraine’s independence (with the exception of the period 2009–2010), the country’s domestic energy market has been dominated by opaque gas intermediaries. Gazprom’s Itera and Yulia Tymoshenko’s United Energy Systems of Ukraine operated during the first decade of... MORE
Izmir Port Project Magnifies Azerbaijan’s Integrated Investments in Turkey
On March 22 in Copenhagen, the Danish and Turkish prime ministers, Helle Thorning-Schmidt and Recep Tayyp Erdogan, witnessed the signing of agreements between subsidiaries of Danish Moeller-Maersk and Azerbaijan’s State Oil Company (SOCAR) to develop a giant port near Izmir in Turkey. The petrochemicals holding... MORE
The Cyprus Test for Russian Foreign and Economic Policies
The Cyprus issue has dominated political debates and intrigues in Moscow through last week, turning into a test of sorts for Russia’s ability to respond to acute external challenges. The financial disaster on the island that has become so intimately familiar to many Russians has... MORE
Kazakhstani-Korean Economic Partnership Strives Ahead
Kazakhstan has become South Korea’s (also known as the Republic of Korea—ROK) main economic partner in Central Asia, and powerful complementarities exist between Astana’s desire for foreign capital and technologies, especially in order to develop its infrastructure and new high-technology sectors, and Seoul’s need for... MORE
Belarus Continues Its Drift Toward Russia while Moving up in Human Development Rank
On March 17, accompanied by an 80-member delegation, including many directors of state-run companies, Belarusian President Alyaksandr Lukashenka left for a seven-day visit to Indonesia and Singapore (https://www.svaboda.org/content/article/24931615.html). On March 18, he reported signing export contracts worth $400 million in Jakarta (https://www.gazetaby.com/cont/art.php?sn_nid=54868). Two days prior... MORE
Meltdown of Russian Government-Sponsored Offshore Financing in Cyprus
The Cypriot financial meltdown has rocked Moscow. Russia provided Cyprus in 2011 with a 2.5 billion-euro ($3.2 billion) low interest loan and believed the European Union and the International Monetary Fund (IMF) should join in the bailout of a euro-zone member nation. Until now, the... MORE
New South Korean Leader Affirms Strategic Partnership with Kazakhstan
Although the threat of war on the Korean Peninsula has been drawing most international attention, from the perspective of Central Asia, another interesting question is whether the new South Korean government will pursue as vigorous a Central Asian strategy as its predecessor. Under President Lee... MORE
Alexei Navalny Blasts Ingushetia’s Government for Extravagant Spending
The most influential Russian opposition figure and crusader against government corruption, Alexei Navalny, has turned his attention to the North Caucasus once again. On March 1, Navalny revealed a document that implicates Ingushetia’s government in planning to spend nearly $90,000 to enable a fashion designer... MORE
Major Revision of Mongolian Mining Regulations Is Underway
The first public debate on the proposed revisions of Mongolia’s mining regulations was conducted at the Citizen’s Hall of the Mongolian government on January 18, 2013. Although the revisions are long overdue, legislators appear to be in agreement that more deliberations are necessary in order... MORE