Latest Articles about Economics

Japan Looks to Central Asia for Strategic Resources

On November 10, Japan announced it would provide $700 million to the resource-rich Central Asian countries for exploitation of oil, gas and rare earths minerals (REM). The announcement was made at the fourth meeting of foreign ministers representing member-states of the “Central-Asia plus Japan” Dialogue... MORE

Georgia Proposes to Unblock the Trans-Caucasus Railway

One of the closest associates of Georgia’s Prime Minister Bidzina Ivanishvili, State Minister for Reintegration Paata Zakareishvili, has unveiled the government’s idea to unblock the railway link that connected Russia with the South Caucasus republics in Soviet times.In an interview with the Moscow paper Kommersant... MORE

Summit of ECO Countries Brings No Change

On October 15, Baku hosted the 12th summit of the Economic Cooperation Organization (ECO). The presidents of Azerbaijan, Iran, Pakistan, Afghanistan and Tajikistan, as well as the prime minister of Turkey attended the event. ECO was established in 1985 as a regional, inter-state economic organization... MORE

Doing Business in Kazakhstan: Two Thumbs Up from the IFIs

The latest World Bank (WB)/International Finance Corporation (IFC) Doing Business 2013 (DB) report reveals remarkable progress achieved by Kazakhstan in creating a business-friendly environment: it ranks 49th out of 185 countries surveyed. Especially impressive is the country’s improvement in one of the key indicators—ease of... MORE

Chinese ‘Expansion’ in Kyrgyzstan: Myth or Reality?

On October 22, about 450 villagers threatened to destroy the offices of the Chinese company Zijin Mining Group in the village of Orlovka in northern Chui province in Kyrgyzstan. The attack occurred after a villager’s horse was killed by a staff member of the company.... MORE

Road Projects in Tajikistan Impact Its Strategic Geography

On October 27, Tajikistan’s President Emomalii Rahmon formally inaugurated the Shahriston tunnel along the Dushanbe-Khujand highway (BBC Tajik, October 27). The 5,253-meter tunnel cuts the time required to drive between the capital of Dushanbe and Tajikistan’s second-largest city, Khujand (Leninabad), from eight to less than... MORE

Is Moscow Losing Its India Connection?

Earlier in October, Russian Deputy Prime Minister Dmitry Rogozin traveled to India to complete discussions ahead of President Vladimir Putin’s planned trip there and to negotiate nuclear and arms deals. Perhaps not surprisingly, given Rogozin’s charm as a diplomat, Putin’s trip was postponed and overt... MORE