Latest Articles about Economics

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

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

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

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

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

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