Latest Articles about Economics
Russia Mulls Tax Breaks to Encourage Far Eastern Development
The Russian federal government pledged to expedite development of the country’s Far Eastern regions by offering new tax incentives to local businesses and investors. In the meantime, the regional authorities indicated interest in keeping a greater share of the tax revenue. In a sign that... MORE
Russia: Belarus’s Economic Lifeline and Cultural Magnet
To Belarus, Russia is not just the “meaningful other.” It provides an existential lifeline to Belarus as a de facto custodian of Belarus’s socio-economic model and a cultural magnet of sorts. It was only after Russia dropped the price of natural gas sold to Belarus... MORE
Russia Struggles to Lure Tajikistan into the Customs Union
Russian officials reiterated pledges to boost economic cooperation with Tajikistan. Meanwhile, the authorities in Dushanbe seemed to remain hesitant on some issues, notably the country’s possible membership in the Russian-led economic grouping, the Customs Union of Russia, Belarus and Kazakhstan. When Russian President Vladimir Putin... MORE
Foreign Businesses in China: Out on a Limb?
Even when Chinese relations with major trading partners are stable, arbitrary actions by the host government against foreign businesses in China have not been uncommon. At present, China’s relations with Japan, the United States and several other nations seem on an uncertain trajectory—a state of... MORE
Kazakhstan Aims to Modernize its Energy Sector
On October 2 and 3, Kazakhstan’s capital hosted an annual gathering of the Kazenergy Association, which is comprised of 50 of the biggest players in the oil and gas sectors as well as the non-hydrocarbon sector, including foreign and domestic companies. The association was created... MORE
CIS Nations Eye Free Trade Zone in 2013
The latest top-level meeting of the oldest post-Soviet grouping, the Commonwealth of Independent States (CIS), pledged to enact their free trade arrangements next year. However, the CIS free trade zone (FTZ) agreement has not been ratified by some signatory nations, while other CIS member states... MORE
What Does Russo–Serbian Strategic Partnership Mean?
Serbia is the key target of Russian foreign policy in the Western Balkans, as Moscow’s main strategic objective remains forestalling the European democratic integration in the Balkans and Eastern Europe as a whole. In that context, keeping Serbia out of NATO and the EU preserves... MORE
Setting the Right Tone on Belarus
On September 26, Belarus released two of the 13 political prisoners listed in a resolution of the OSCE Parliamentary Assembly in July 2012 (Nasha Niva, September 27; tut.by, July 7). Sergei Kovalenko, the better known of the two, was imprisoned for affixing a white-red-white flag... MORE
Sochi Olympics Provide the West with Leverage in Dealings with Russia
On September 23, Circassian activists staged worldwide public protests in support of Syria’s Circassians. Activists took to the streets in several Turkish cities, in Germany and in the United States. In the North Caucasus, protests were held in Nalchik, Kabardino-Balkaria, and Maikop, Adygea. In Moscow... MORE
New Economic Initiatives in Uzbekistan Offer Opportunities but Face Challenges
Uzbekistan potentially has one of the strongest economies in Eurasia, but certain weaknesses constrain its development. The country has been experiencing strong growth rates of 6-8 percent annually for the past few years, while the government has kept its annual budget deficit and overall public... MORE