Latest Articles about Economics

Erdogan’s Moscow Visit Produces Mixed Results

On March 15, Turkish Prime Minister, Recep Tayyip Erdogan, accompanied by a large delegation of businessmen and cabinet members, travelled to Moscow. Though on balance it produced mixed results, the visit constitutes yet another major step in the flourishing Turkish-Russian ties, characterized as a multi-dimensional... MORE

Beijing’s “Wei-Wen” Imperative Steals the Thunder at NPC

Beijing’s efforts to uphold socio-political stability—and to crush a potential Chinese-style “Jasmine Revolution”—have dominated this year’s plenary session of the National People’s Congress (NPC). The Chinese parliament has approved a budget for wei-wen, an omnibus term that encompasses maintaining law and order, squashing dissent and... MORE

Kazakhstan to Kick Off its “People’s IPO” With KazMunaiGaz

Kazakhstan’s President Nursultan Nazarbayev has announced that five percent of London-listed KazMunaiGaz Exploration and Development (KMG EP), a subsidiary of the national oil and gas company KazMunaiGaz (KMG), will be floated on the Kazakh stock exchange in 2011. These shares are worth $500 million and... MORE

While IMF Takes Pause, Ukraine Considers Ailing Banks

The mission of the International Monetary Fund (IMF) completed its work in Kyiv on February 14, but more difficult talks are ahead. Ukraine still has to prove that it qualifies for the next $1.6 billion IMF loan tranche. The government of President Viktor Yanukovych like... MORE

Moscow Advocates Modernizing the Russian Oil Sector

Russia plans to modernize its oil production sector, notably state-owned companies, by pursuing international energy partnerships. The Kremlin has increasingly prioritized modernization and innovation slogans. On January 31, President Dmitry Medvedev said Russian state-owned companies, including oil giant Rosneft, should do more to pursue a... MORE

Turkish-Iranian Economic Ties Flourish

Turkish President, Abdullah Gul, paid a four-day state visit to Iran starting on February 13, to discuss ways to further bilateral cooperation. The sheer frequency of such high level mutual visits between the two countries in recent years indicates the growing multi-dimensional ties between Ankara... MORE

Ukraine Struggles to Secure Next IMF Tranche

Ukraine is once again in difficult talks with the International Monetary Fund (IMF) to secure a much needed third tranche of the IMF’s $15 billion stand-by loan which was approved last July. This is another test for the ability of Prime Minister, Mykola Azarov, to... MORE