Latest Articles about Economics
Azerbaijan’s Petkim Takeover to Overhaul Turkey’s Petrochemical Industry
Azerbaijan’s State Oil Company (SOCAR) is poised to become the largest direct foreign investor in Turkey. According to company president, Rovnag Abdullayev, and foreign investment department chief Vahit Aliyev, SOCAR plans to invest $17 billion in Turkey in 2012-2017, concentrated on two flagship projects: construction... MORE
China Fêtes Turkish Leader as Beijing Recognizes Ankara’s Growing Role
On April 11, Chinese President Hu Jintao met with Turkish Prime Minister Recep Tayyip Erdogan in Beijing during the latter’s lavish if brief state visit. Both sides naturally promised cooperation and to expand ties (Xinhua, April 11; China Daily, April 11). The visit marked the... MORE
Tajikistan Hosts Leaders of Afghanistan, Iran and Pakistan in Dushanbe for RECCA-V
On March 26-27, the Fifth Regional Economic Cooperation Conference on Afghanistan met in Dushanbe, Tajikistan to discuss regional cooperation and efforts to contribute to the stability of Afghanistan. President Emomali Rahmon of Tajikistan hosted counterparts Mahmoud Ahmadinejad (Iran), Hamid Karzai (Afghanistan), and Asif Ali Zardari... MORE
“Breakthrough of Putin’s Energy Empire” in Croatia?
Croatia’s First Deputy Prime Minister and Economy Minister, Radimir Cacic, held talks with the Russian government and companies in Moscow on March 25-26, soliciting sweeping Russian investments in Croatia (“Breakthrough of ‘Putin’s empire’ in Croatia?” Vecernji List, March 28).The initiative originates this time in Zagreb,... MORE
No Joy for Putin in Hand-Managing the Post-Election Economy
The “spring retreat” in the protest activity in Moscow has brought relief and jubilation to the Kremlin and the White House (the one on the Moskva River) where courtiers now devote themselves to the really exciting matters – dividing the bureaucratic spoils of the fraudulent... MORE
Russia Seeks Increased Trade with China
Russia has repeatedly pledged to expand trade with China, the Kremlin apparently continuing to view the commercial ties as an important indicator of what was officially described as a “bilateral strategic partnership.” The increasing bilateral trade reflects a successful development of Russian-Chinese economic cooperation, said... MORE
Coal to Newcastle? Understanding China’s Coal Importing Behavior
China’s dependence on other nations’ coal exports is growing. In 2009, China imported 126 million tons (Mt) of coal and became a net coal importer. In 2011, China sourced 182 Mt of coal from overseas suppliers, and overtook Japan as the world’s top coal importer.... MORE
Turkey-Turkmenistan Ties Flourish in Economic Realm
Turkmen President Gurbanguly Berdimuhammedov’s visit to Turkey on February 28-March 1, highlighted the evolving nature of the two countries’ bilateral relations, built around flourishing economic ties. Berdimuhammedov’s first foreign trip since his reelection on February 12 also provided an opportunity to mark the 20th anniversary... MORE
Belarus: No Change in the Offing
One of the weaknesses of Belarus’s geopolitical situation and indeed of its self-perception is that Belarus is a crossroads, a land in between. In many ways this cliché informs thinking about Belarus – while something of note is occurring within its borders, there is a... MORE
China’s New Property Tax: Toward a Stable Financial Future for Local Government?
Just over a year ago, the Chinese government took the unprecedented step of launching a trial property tax in response to rising real estate prices. Since the mid-2000s in China, real estate prices have been going through the roof. In 2010, home prices in Shanghai... MORE