Latest Articles about Economics

Kyrgyzstan and China Move Closer to Joint Railroad Construction

Bishkek and Beijing may soon sign a long-anticipated agreement on the construction of the “China-Kyrgyzstan-Uzbekistan” railroad. Kyrgyz Prime Minister Almazbek Atambayev will travel to China to discuss the project’s details. The Kyrgyz government considers the railroad to be an important component in the country’s economic... MORE

China’s Uranium Quest Part 2: The Turn to Foreign Markets

On August 24, the head of Kazakhstan’s national nuclear monopoly Kazatomprom announced plans to increase its uranium fuel pellet shipments to China by one hundredfold,  from 2 metric tons this year to 200 metric tons in 2013 or 2014 (Bloomberg, August 22). This is welcome... MORE

Russia Considers Continued Privatization

The Russian government plans to privatize a number of its state-owned companies, focusing on the energy and commodity sectors. However, the cabinet faces a challenging task to prove that the latest privatization efforts will be more efficient than earlier controversial moves to sell-off state-owned assets.Russia’s... MORE

Putin Ignores the Gathering Economic Storm

The volatile turbulence that battered the world economy last week should have passed Russia by, but it did not. Indeed, Russia is not burdened by a massive debt, is spared political feuds about budget cuts and is not even exposed to the looming Greek default;... MORE

China or the SCO: Who will supervise Afghanistan?

The Shanghai Cooperation Organization (SCO) summit at Astana on June 15, 2011 signalled Asia’s regional security order is slowly shifting as Afghanistan appears to be angling to become a new observer member in this decade-old Central Asian body (Ria Novosti, May 16). The Sino-Afghan relationship... MORE

“Closed” Kyrgyz-Uzbek Border: A Recipe for Clashes

On August 2, 2011 Uzbekistan closed the Divayram border crossing, located in Sokh enclave inside Kyrgyzstan. An important road artery for Kyrgyzstan’s Batken region passes through this enclave. Now, Kyrgyz are forced to bypass the enclave, adding 30 minutes or 40 kilometers to their journey,... MORE

Moscow Puts the Heat On Minsk and Kyiv

Moscow is piling the heat on Minsk and Kyiv to subordinate their economies, notably their energy sectors, to Russia and with that accept Russia’s political tutelage. In both cases, Moscow is using the instruments of its gas and its customs union (EurAsEc). EurAsEc has lent... MORE

Lukashenka Fires National Bank Chairman

On July 18, Belarusian President Alyaksandr Lukashenka dismissed the chairman of the National Bank of Belarus, Pyotr Prakapovich. Last month, Lukashenka asserted that the latter had “made mistakes” (Bloomberg, June 23). No replacement was announced, so in the meantime Yury Alymov continues as acting chairman.One... MORE