Latest Articles about Economics
Ukraine: Largest Ailing Bank Nadra Remains in Limbo
The National Bank of Ukraine (NBU) has rejected the government plan to liquidate Nadra, the largest among Ukraine’s ailing banks. The only potential investor interested in Nadra, energy and chemical tycoon Dmytro Firtash, failed to persuade the NBU to sell Nadra. Nadra remains in limbo... MORE
China Seeks to Link Central Asia by Railroad
In the late 1990’s, the Chinese government opened official talks with Kyrgyzstan and Uzbekistan on the construction of a railroad that would connect all three countries. The idea was born almost simultaneously when the Shanghai Five –the forerunner of the Shanghai Cooperation Organization (SCO) –... MORE
Russia Secures Trade Surplus With China
Russia has repeatedly pledged to expand its trade with China, as the Kremlin appeared to view these commercial ties as an important indicator of what was officially described as the bilateral strategic partnership. Although bilateral trade was adversely affected by the global economic downturn, Moscow... MORE
Russia Cannot Learn Any Crisis Lessons and Lapses Into Putinism
During the annual World Economic Forum in Davos, delegates are not asking questions such as “who is Mr. Medvedev?” Or, “is it really the same Mr. Putin?” In fact, they are not asking any questions about Russia. Participants in expensive debates focus on lessons learned... MORE
Libya Cautions China: Economics Is No Substitute to Politics
As anticipated, the fourth ministerial Forum on China-Africa Cooperation (FOCAC), which was held in Sharm al-Shaykh (Egypt), November 8-9, reflected wall-to-wall praise for Sino-African "cooperation" in general and particularly for the positive Chinese role in Africa. China announced its readiness to pour more money into... MORE
Azerbaijan Seeks Alternative Gas Export Routes: Sending a Signal to Ankara
“We are interested in exporting our resources through different routes,” Azerbaijan’s President Ilham Aliyev stated during his visit to Bulgaria on November 13 (AZTV). On the same day, he paid a short working visit to Sofia to meet his counterpart Georgi Parvanov and to sign... MORE
Germany Confused by Chance to Keep GM in, Russia Out of Opel
General Motors had given its consent to the Opel sale with considerable reluctance, which could only grow in the face of demands for technology transfers to Russia as part of the sale. These and other differences did not allow the transaction to be finalized. Meanwhile,... MORE
Opel Not Going Russian After All
Late on November 3 (November 4 in Europe) the General Motors (GM) corporation decided to retain ownership of its heavily indebted German subsidiary Opel. The decision reverses GM’s September 10 tentative consent to sell a majority stake in Opel to a Kremlin-dominated consortium.GM’s reversal became... MORE
China’s Demographic Imbalances Widen
Even as the Chinese economy under the Hu-Wen administration is set to wean through the global financial crisis with a remarkable eight percent growth rate this year, senior officials from the Ministry of Civil Affairs under the jurisdiction of the State Council, which is responsible... MORE
Southern Corridor, White Stream: the Strategic Rationale
White Stream, the proposed gas pipeline from Georgia to Romania on the seabed of the Black Sea, is intended to maximize European gas imports from Central Asia through the E.U.-initiated Southern Corridor. The Corridor grand design spans Azerbaijan, Georgia, Turkey, and –with White Stream– also... MORE