Latest Articles about Economics

Xi Jinping’s “Southern Tour” Reignites Promises of Reform
General Secretary Xi Jinping has lost no time in reassuring the world that his Chinese Communist Party (CCP) administration will not only persevere with reforms championed by late patriarch Deng Xiaoping but also “initiate new paths.” Shenzhen, the special economic zone (SEZ) that is synonymous... MORE

Belarus’ Economic Turnaround: Is It Sustainable?
In early December, the Anti-Crisis Fund Council of the Eurasian Economic Community approved the latest (fourth) tranche of a $3 billion loan (Belarusian Telegraph Agency, December 7), approved in June 2011 to assist Belarus in overcoming an economic crisis. The Council is expected to release... MORE

North Caucasus Resort Company and Kabardino-Balkarian Leadership in Power Struggle
On November 30, the deputy director of OJSC Northern Caucasus Resorts, Vladimir Yevdokimov, upbraided the Kabardino-Balkarian authorities for obstructing the company’s expansion plans in the republic. Earlier, several members of the republican legislature stated they would veto allocation of land to OJSC Northern Caucasus Resorts.... MORE

Silk Wind Project in Central Asia and South Caucasus Gains Speed
In recent months, Kazakhstan and Georgia have joined with Azerbaijan and Turkey to make considerable progress in their Silk Wind Project, which aims to construct a high-speed, multimodal container transportation system for freight shipments between the countries of Europe, the Caucasus and Asia. According to... MORE

Is Russian Gold Being Used to Support North Caucasus Insurgency?
On November 16, Russia’s Federal Security Service announced it had intercepted a channel that supplied gold from Russia’s north to Ingushetia. The security services confiscated over 17 kilograms of gold from an unnamed individual in the city of Kazan, Tatarstan. The same individual, a resident... MORE

Ukraine Facing Economic and Financial Instability
Political instability in post-election Ukraine may soon be be compounded by economic and financial instability that has the potential for social unrest. The World Bank calculates that Ukraine has the second lowest per-capita income in Europe followed by Moldova. Ukraine, which was the second largest... MORE

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