Latest Articles about Economics
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
Russia May Gain in South Caucasus, as Georgian Government Wavers on Regional Railway Projects
On December 21, 2012, Georgian Prime-Minister Bidzina Ivanishvili dropped a bombshell, stating that ongoing construction of the Baku-Tbilisi-Kars (BTK) railway, connecting Azerbaijan to northeastern Turkey via Georgia, raised many questions about its economic efficiency and profitability for Georgia, regardless of the project’s geopolitical importance (www.geopalitratv.ge,... MORE
Davos Finds Few Reasons to Invest in Russia—or to Take Medvedev Seriously
Discussions about Russia’s future at the World Economic Forum (WEF) are traditionally prompted by the interests of potential investors rather than ambitions of its leaders. And this year, investor attention toward Russia was awakened by the demonstrated infirmity of its political order. President Vladimir Putin... MORE
Australia Finds a Way to Raise Its Economic and Political Profile in Mongolia
While Western financial blogs in 2012 decried the rise of Mongolian resource nationalism as well as continuing corruption in Mongolia’s mining sector, Australia, cautiously yet successfully, has maneuvered through the same environment to significantly increase its investment and political footprint. Mongolia’s superhot mining boom cooled... MORE