Latest Articles about Economics

Ukrainian Government Formulates Liberal Tax Reform

On September 3, the Ukrainian government presented a tax reform which should make the country more attractive to foreign investors and promote economic reform. Prime Minister, Mykola Azarov, stated that Ukrainian taxes would “probably be the lowest in Europe” (UT1, September 3). Several of the... MORE

Armenian Economy Recovers Faster Than Expected

Armenia’s economy is emerging from its first major downturn since the early 1990’s faster than expected, helped by similar recovery globally. Official statistics show that it expanded by 6.7 percent in the first half of this year and surpassed even the most optimistic government expectations.... MORE

Opposition to OSCE Police Forces Grows in Kyrgyzstan

More Kyrgyz political activists are speaking out against the prospective deployment of the Organization for Security and Cooperation in Europe’s (OSCE) 52-member Police Advisory Group. Infringement of the country’s sovereignty, limited capacity to improve the situation in southern Kyrgyzstan, and the potential for increased instability... MORE

China’s Brain Drain Dilemma: Elite Emigration

A popular Internet writer recently caused a stir when he asserted that “all Chinese who earn more than 120,000 yuan ($17,650) a year want to immigrate.” While this view is exaggerated, there is no denying the upsurge in Chinese emigration to Western countries—particularly the United... MORE

IMF Approves New Loan for Ukraine

On July 28, the International Monetary Fund (IMF) approved a $15 billion loan for Ukraine, as most observers expected (EDM, July 21). Ukraine received the first $1.9 billion tranche almost immediately, Serhy Tyhypko, the Deputy Prime Minister in charge of economic reform, announced (Ukrainski Novyny,... MORE

Turkey’s “Economic Recovery” Raises Questions

The Turkish Exporters’ Assembly (TIM) announced statistics on Turkish export figures in July 2010. Turkey exported around $9.5 billion in goods, which amounted to a 5.97 percent increase since July 2009. Between January and July 2010, its exports increased by 13.14 percent compared to the... MORE