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

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

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

*To read Part One, please click here. According to the data released in December 2012 by the International Monetary Fund (IMF), Kazakhstan’s stock of cumulative foreign investment abroad was around $20 billion at the end of 2011. The top five destinations for Kazakhstan’s Outward Foreign... MORE

Last Thursday, facing a deteriorating ethnic situation in his own krai, Stavropol Governor Valery Zerenkov said that it was time to end “the policy of minimizing” such developments or ignoring them altogether. The authorities must start to report “objectively” about them, and “on the basis... MORE

China’s economic role in the south Caucasus is expanding rapidly, with Beijing’s investments in Azerbaijan alone now approaching a total of one billion US dollars and its bilateral trade with that country exceeding that figure on an annual basis. But as impressive as those figures... MORE

In an interview with the newspaper Kommersant published on January 11, the deputy prosecutor general of Russia, Ivan Sydoruk, admitted that despite some successes in countering rebel activities in the North Caucasus, the government still faced serious challenges in the region. Sydoruk blamed the continuing... MORE

Despite common perceptions that China and Russia are the main external influences on Kazakhstan’s economy, newly released information from the National Bank of Kazakhstan shows that, as of the end of September 2012, Western countries topped the charts as the main sources of foreign direct... MORE

In the last two years, China has emerged as the most consequential outside actor in Central Asia. As we have described in other writings, China’s ascension to this role has been largely inadvertent [1]. It has more to do with the region’s contemporary circumstances and... MORE

No one can ever accuse China of thinking small. When it decided to enter into commercial aircraft manufacturing, it knew that it was going up against one of the world’s greatest duopolies: the Boeing-Airbus stranglehold on the medium-to-large jetliner business. These two companies produce nearly... MORE