Latest Articles about Economics
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CIS Nations Eye Free Trade Zone in 2013
The latest top-level meeting of the oldest post-Soviet grouping, the Commonwealth of Independent States (CIS), pledged to enact their free trade arrangements next year. However, the CIS free trade zone (FTZ) agreement has not been ratified by some signatory nations, while other CIS member states... MORE
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What Does Russo–Serbian Strategic Partnership Mean?
Serbia is the key target of Russian foreign policy in the Western Balkans, as Moscow’s main strategic objective remains forestalling the European democratic integration in the Balkans and Eastern Europe as a whole. In that context, keeping Serbia out of NATO and the EU preserves... MORE
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Setting the Right Tone on Belarus
On September 26, Belarus released two of the 13 political prisoners listed in a resolution of the OSCE Parliamentary Assembly in July 2012 (Nasha Niva, September 27; tut.by, July 7). Sergei Kovalenko, the better known of the two, was imprisoned for affixing a white-red-white flag... MORE
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Sochi Olympics Provide the West with Leverage in Dealings with Russia
On September 23, Circassian activists staged worldwide public protests in support of Syria’s Circassians. Activists took to the streets in several Turkish cities, in Germany and in the United States. In the North Caucasus, protests were held in Nalchik, Kabardino-Balkaria, and Maikop, Adygea. In Moscow... MORE
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New Economic Initiatives in Uzbekistan Offer Opportunities but Face Challenges
Uzbekistan potentially has one of the strongest economies in Eurasia, but certain weaknesses constrain its development. The country has been experiencing strong growth rates of 6-8 percent annually for the past few years, while the government has kept its annual budget deficit and overall public... MORE
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South Korea and Kazakhstan Consolidate Bilateral Cooperation
On September 13, the South Korean President Lee Myung-bak paid an official visit to Kazakhstan. It was his seventh visit to this Central Asian republic during the last four years. The last time South Korea’s leader met with his Kazakh counterpart Nursultan Nazarbayev was in... MORE
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Increased Trade Between Russia and Kazakhstan Slow to Materialize
Russian and Kazakhstani leaders have reiterated plans to further develop bilateral commerce, relying on the free trade arrangements of their Customs Union. Two-way trade, however, has appeared to advance slower than previously expected. Attended by presidents Nursultan Nazarbayev and Vladimir Putin, the Inter-Regional Cooperation Forum,... MORE
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China’s Economic Strategies for Uzbekistan and Central Asia: Building Roads to Afghan Strategic Resources and Beyond
Recent Chinese diplomatic maneuvers in Central Asia, both bilateral and multilateral, show that Beijing’s strategy treats the region as a corridor for reaching resource bases in Afghanistan, the Middle East and Africa. Central Asia is thus part of China’s broader blueprint of securing strategic resources... MORE
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Belarus Takes Steps to Strengthen Economy Despite Negative Relations with West
During the first six months of 2012, the export of refined oil products from Belarus has grown by $2.4 billion compared with the same period in 2011, and the export of solvents has grown by $1.8 billion (to the total of $2.5 billion)—thus reversing the... MORE
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Kazakhstan Set to Become Major Source of Rare Earths in CIS
On August 9, China launched the world’s first rare earth exchange in an apparent bid to formalize its global leadership in the production of rare earth elements (REE). This move comes almost two years after the Chinese Ministry of Commerce introduced export quotas for REE,... MORE