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

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