Latest Articles about Economics
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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
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The Caspian Sea: China’s Silk Road Strategy Converges with Damascus
The Caspian region is becoming enmeshed in a web of overlapping political, military, trade and energy interests of countries extending from Asia, to the Middle East, to Russia, to Europe. Given the rising instability of Middle East energy supplies, the Caspian basin has emerged in... MORE
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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
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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
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Major Overhaul of the North Caucasus’ Transit System is Postponed
Russian Transportation Minister, Igor Levitin, toured the North Caucasian republics from July 31 to August 3. During that visit he announced several highway reconstruction projects, and unveiled plans for consolidation of the air transport industry in the North Caucasus. At the same time, however, he... MORE
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The Second Anniversary of the Russian “Victory” is Barely Noticed
Two years ago, Russian tanks stopped on the outskirts of Tbilisi before slowly rolling back to the devastated Tskhinvali, but nobody in Russia appears interested in celebrating or even reflecting on that “victory,” which is still broadly approved by public opinion (www.levada.ru, August 4). Russian... MORE
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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
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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
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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
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Gorbachev Warns of Explosive Problems With Medvedev’s “Modernization”
Russian President, Dmitry Medvedev, concentrated on the European direction of his modernization-focused foreign policy last week, making working visits to Finland and Italy. Both countries are Russia’s close partners and the trips were problem-free, with a healthy sweat in a sauna with Finnish President, Tarja... MORE