Latest Articles about Economics

Uzbekistan Considers Closer Ties with the Persian Gulf

Uzbekistan is increasingly set on expanding regional trade and transport initiatives, which is also part of a wider regional trend. In September, Uzbek President, Islam Karimov, and his Azeri counterpart, Ilham Aliev, agreed to support regional transit projects as part of overall efforts to revive... MORE

Russia Targeting Oil Assets in Poland and Lithuania

On October 30, Poland announced its intention to privatize the state-owned majority stake in the country’s second-largest oil industry concern, Lotos Group. The Polish government is inviting interested parties to pre-tender talks on the Lotos Group. The government has already talked with the Russian government... MORE

Turkey Tries to Engage Mongolia, Despite Dim Prospects

Turkey and Mongolia held their sixth Joint Economic Commission (JEC) meeting in Ulaanbaatar on October 26. Deputy Prime Minister, Bulent Arinc, headed the Turkish delegation, and Mongolia’s Environment and Tourism Minister, Luimed Gansukh, signed a memorandum of understanding to boost economic and commercial relations. Related... MORE

Russia Struggles to Develop New Joint Ventures with Mongolia

The Kremlin has repeatedly pledged to implement sizable infrastructure development projects in Mongolia. However, new Russian projects in this neighboring state have tended to be slow to materialize. In an apparent bid to speed up joint projects, in early October Russia and Mongolia moved to... MORE

Russia Considers Increased Gas Production

Moscow has reiterated its pledges to develop the Russian natural gas sector and significantly increase domestic production and exports. However, it remains to be seen whether Russia will be able to deliver on its permanently increasing gas output plans against a background of growing domestic... MORE

Azerbaijan and Uzbekistan Agree To Look Beyond Politics

September 27 marked the second visit by Azerbaijan’s President, Ilham Aliev to Uzbekistan since 2004. Meeting with Uzbek President, Islam Karimov, Aliev emphasized the high degree of bilateral political relations, while calling for a boost in their lagging economic relationship (www.ru.trend.az, September 29; www.rian.ru,  September... MORE

China Secures Trade Surplus With Russia

Russia has sought to expand its trade with China in an apparent bid to prop up what was officially denoted as the strategic partnership between the two nations. Meanwhile, as bilateral trade recovered, China has regained a surplus in its trade with Russia. The official... MORE