In his budget address for 2012-2014 on June 29, President Dmitry Medvedev designated decentralization as one of the Russian Federation’s state priorities. The Russian leader also called for privatization, lowering corporate taxes, the overall diminishing of the state’s role in economic activities and other measures... MORE

The strategic partnership signed between Kazakhstan and China on July 4, 2005 has now taken a significant step toward further expansion, based on political, economic, security and cultural ties. President Hu Jintau and his Kazakhstani counterpart Nursultan Nazarbayev agreed to the details of an “all-round”... MORE

Official statistical data released recently says Kazakhstan, which marks its twentieth year of independence this December, has produced around 900 million tons of oil over the last 20 years. Lyazzat Kiynov, deputy minister of the oil and gas industry, announced the government’s plans to increase... MORE

Within days after the European Commission had cleared Croatia to join the EU (Financial Times, June 22), political harassment of Hungarian MOL has intensified in Croatia. Russian interests are conveniently using local allies to wrest operational control of INA, the Croatian oil and gas company,... MORE

Moscow has indicated its interest in increasing trade with China, but a major bilateral gas deal remained elusive. During talks with his Chinese counterpart, Hu Jintao, in Moscow on June 16, Russian President Dmitry Medvedev hailed what he described as the positive development of bilateral... MORE

Even as Somalia’s radical Islamist al-Shabaab movement announced its allegiance to the new al-Qaeda leader, Dr. Ayman al-Zawahiri, the movement has displayed signs of weakness that have led to the loss of territory in recent clashes in Mogadishu and in towns close to the border... MORE

China’s President, Hu Jintao, signed important political and trade documents during his June 18 – 20 visit to Ukraine, winding up his CIS tour in which he also visited Kazakhstan and Russia. While Beijing is interested mainly in military-technical cooperation, Kyiv views China as primarily... MORE

At a press conference in the National Library of Belarus for central and regional media, Belarusian President Alyaksandr Lukashenka denied that his country is in crisis. He defined the latter as a time when enterprises cease production, or else they lack raw materials, they cannot... MORE

The International Economic Forum took place in St. Petersburg, Russia, over June 16-18. Delegations from the North Caucasian republics attended the event and a special session “North Caucasus: Unlocking the Potential” took place on June 18. From the statements of Russian officials, it transpired that... MORE

The annual economic forum in St. Petersburg is not known for quality debates and builds its reputation around a major political speech traditionally delivered by the leader or a candidate with the ambition to set Russia’s course for years to come. President Dmitry Medvedev rose... MORE