Latest Articles about Economics
Russia’s Economic Relations With Japan Faces Continued Uncertainty
Russian officials pledged to assist neighboring Japan, hit by an unprecedented series of disasters, but in recent months, Moscow has struggled to forge stronger economic ties with Japan. On March 14, President Dmitry Medvedev held telephone talks with Japanese Prime Minister Naoto Kan and offered... MORE
Food Security Problems in Central Asia Challenge Local Regimes
Food security serves as an indicator of any country’s ability to ensure supply, affordability, and safety of food for its population. But it can also be a barometer, testing the effectiveness of public institutions and legitimacy of governments. In the case of the landlocked Central... 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
Faster Economic Recovery in Kyrgyzstan: Glimmer of Hope for a Better Future
On February 11, the International Monetary Fund (IMF) issued a positive report saying the Kyrgyz economy has been recovering faster than expected. This is surprising considering the wave of instability that engulfed the Kyrgyz republic during the anti-government protests in April 2010 and the clashes... 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
Cheap Gas For Basing Rights: Russia Offers Ukrainian Type Deal to Moldova
Russia’s ambassador to Moldova, Valery Kuzmin, insinuated via Chisinau media on February 1 that Moscow can grant Moldova a price discount on Russian gas, as it granted one to Ukraine, in return for military basing rights.Kuzmin said: “Moldovan authorities must execute the conditions of the... MORE