Latest Articles about Economics
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
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
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
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
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
Kyrgyzstan Leverages Geo-Economics and Geopolitics to Expand Its Economy
“Money loves quiet,” Kyrgyzstan’s President Almaz Atambayev once stated, stressing the need for a better investment climate amid occasional instability plaguing the aspiring democracy, which boasts Central Asia’s first parliamentary system of government (www.members.vb.kg, February 18, 2011).Atambayev, who gained a six-year term in 2011 in... MORE
A Mixed Bag of News in Belarus to Start off the Year
Perhaps the greatest recent news involving Belarus—news, which all Belarusian regardless of political stripes considered to be great—is Victoria Azarenka’s second tennis victory at the Australian Open on January 26. Her other achievements include winning the Bronze medal at the 2012 Summer Olympics in London,... MORE
Lithuania’s Role in the Northern Distribution Network
Located at the geographic center of Europe, Lithuania is ideally situated to become a regional transportation hub. Two strategic transportation lines cross Lithuania: the North-South highway and railway line connecting Scandinavia with Central Europe, and the East-West Transport Corridor between enormous eastern markets and the... MORE
The Bumpy Path to Sino-Mongolian Cooperation in the Mining Sector
The kabuki-style dance of trade partners Mongolia and China began again in earnest when on January 15 the third meeting of the Mongolia-China Cooperation Commission on Mineral Resources and Energy met in Ulaanbaatar. Mongolia’s Minister of Mining Davaajav Gankhuyag led the Mongolian side and Deputy... MORE
China and Venezuela: Equity Oil and Political Risk
Referring to the evolving political crisis in Venezuela, a Shanghai Academy of Social Science scholar, Zhang Jiazhe, recently remarked, if Hugo Chavez dies, “the diplomatic effect on China won’t be large because China-U.S. competition is in Asia not Latin America. Economically, China-Venezuela relations are... MORE