Latest Articles about Economics

Tajikistan in 2012: A Year in Review
The past year was an eventful one in Tajikistan on the economic, political and military fronts, with both domestic and regional ramifications. Importantly for Tajikistan’s economy, in May 2012, construction on the controversial hydroelectric Rogun Dam on the Vaksh River—a tributary of the Amu Darya... MORE

President Nazarbayev Announces Ambitious National Goals in Coming Decades
In his State of the Nation address to the parliament on December 14, 2012, President Nursultan Nazarbayev outlined a new strategy for Kazakhstan’s development through 2050. The document, developed by the government with the help of national and foreign experts, seeks to establish “the vector... MORE

China’s Latest Piece of the New Silk Road
While the concept of a “New Silk Road” of trade, transport and telecommunications connections across Eurasia was formally endorsed by the US State Department, it is Beijing and Chinese companies that have taken the lead in realizing the immense infrastructure projects that will tie the... MORE

Belarus: A Countdown Toward Political Change?
In 2012, Belarus was recovering from the financial crisis, the peak of which was in summer 2011. The achievements along this line have been the international trade surplus, the 20-percent growth of personal incomes (throughout 2012), and a relatively stable exchange rate of the Belarusian... MORE

China-Uganda Relations: Closer is Not Necessarily Better
The long-delayed, Chinese-funded Entebbe expressway in Uganda once again is running into delays as government funds are insufficient to compensate the citizens who will lose their land to the highway. Although construction began only last month, Entebbe claims it has only sufficient funds to buy... MORE

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