Latest Articles about Economics
Russia-Uzbekistan Dispute Jeopardizes Bilateral Relationship
In late June 2012, when Uzbekistan’s Ministry of Foreign Affairs officially declared Tashkent’s decision to suspend its membership in the Collective Security Treaty Organization, the country’s National Communications Inspectorate published a report concerning the activities of a Russian-owned company, O’zdunorbita. Established in 1991, this mobile... MORE
Privatizing and Nationalizing Companies in Belarus
Under the presidency of Alyaksandr Lukashenka, Belarus’s relationship with Russia has always been one of amity combined with duplicity. In theory, Minsk’s position is that of the weaker partner, dealing with a country that can be quite ruthless in terms of using its economic clout... MORE
Japan Looks to Central Asia for Strategic Resources
On November 10, Japan announced it would provide $700 million to the resource-rich Central Asian countries for exploitation of oil, gas and rare earths minerals (REM). The announcement was made at the fourth meeting of foreign ministers representing member-states of the “Central-Asia plus Japan” Dialogue... MORE
Turkey Wants to Open a Transportation Corridor through Georgia to North Ossetia
Ankara wants to create a transportation corridor across Georgia to North Ossetia in order to establish links with regions of the Russian Federation and the states of Central Asia, Bulent Ecevit Ugur, an official of the Turkish Economics Ministry, told a meeting of the Russian-Turkish... MORE
Russia’s Aggressive Policies in Transnistria Reveal Severe Limitations of EU’s Approach to Conflict Resolution
Adding to a recent series of worrying Russian actions that have exposed serious faults in the Transnistrian conflict resolution process (see EDM, October 25), Moscow has now declared its intention to build a “Eurasian economic region” in Transnistria (Ng.ru, November 2). This project is meant... MORE
Central Asia’s Stability Increasingly Compromised by Ongoing Grain Crisis
In early September, the United Nations once again warned of the growing risks of another global food crisis, following particularly bad harvests in the United States, Russia, Ukraine and other grain-producing countries. These negative developments have already led to a rapid erosion of grain reserves... MORE
Georgia Proposes to Unblock the Trans-Caucasus Railway
One of the closest associates of Georgia’s Prime Minister Bidzina Ivanishvili, State Minister for Reintegration Paata Zakareishvili, has unveiled the government’s idea to unblock the railway link that connected Russia with the South Caucasus republics in Soviet times.In an interview with the Moscow paper Kommersant... MORE
Summit of ECO Countries Brings No Change
On October 15, Baku hosted the 12th summit of the Economic Cooperation Organization (ECO). The presidents of Azerbaijan, Iran, Pakistan, Afghanistan and Tajikistan, as well as the prime minister of Turkey attended the event. ECO was established in 1985 as a regional, inter-state economic organization... MORE
Doing Business in Kazakhstan: Two Thumbs Up from the IFIs
The latest World Bank (WB)/International Finance Corporation (IFC) Doing Business 2013 (DB) report reveals remarkable progress achieved by Kazakhstan in creating a business-friendly environment: it ranks 49th out of 185 countries surveyed. Especially impressive is the country’s improvement in one of the key indicators—ease of... MORE
Chinese ‘Expansion’ in Kyrgyzstan: Myth or Reality?
On October 22, about 450 villagers threatened to destroy the offices of the Chinese company Zijin Mining Group in the village of Orlovka in northern Chui province in Kyrgyzstan. The attack occurred after a villager’s horse was killed by a staff member of the company.... MORE