Latest Articles about Economics
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
The Snow Dragon Moves into the Arctic Ocean Basin
In a warming and changing Arctic, China is stepping up its activities in the Arctic Ocean Basin. While China’s interests and policy objectives in the Arctic Ocean Basin remain unclear, Beijing is increasingly active and vocal on the international stage on issues that concern the... MORE
Russian Gas Sector Moves Towards Recovery
Russia’s natural gas sector has increased its domestic production and exports, apparently recovering in the aftermath of the recent economic downturn. However, the industry remains dependent on exports amid growing costs. Moscow’s official statistics appeared to indicate that the domestic gas sector managed to overcome... MORE
Medvedev Attempts to Rally Support in Davos for Russia’s “Modernization”
The privilege of addressing the opening session of the World Economic Forum (WEF) in Davos is valued highly by the Russian President, Dmitry Medvedev, who interprets this as international recognition of the business correctness of his “modernization” course. Following today’s bombing of Domodedovo airport in... MORE
The Law on Russia’s Federal Budget for 2011
On December 24, 2010, the Russian government’s official newspaper, Rossiyskaya Gazeta, finished the publication of Russia’s Federal Law of December 13, 2010 No 357-FZ “On the Federal Budget for 2011 and the Planned Period of the Years 2012 and 2013,” which it had begun publishing... MORE
Corruption Rules in Russia Despite Medvedev’s Exorcism
Russian President Dmitry Medvedev started the year that will decide his political fate by reviving his campaign against corruption, and on January 13 he chaired a meeting of the Anti-Corruption Council. Medvedev opened the proceedings with the half-hearted admission that “our successes in this sphere... MORE
Uzbekistan’s Growing Role in Beijing’s Central Asian Strategy
The People's Republic of China (PRC) is pursuing a variety of objectives in Central Asia. These objectives include securing regional states' support in suppressing anti-Beijing Uighur nationalists and potential terrorist threats, giving Chinese firms access to energy resources as well as trade and investment opportunities,... MORE
Chinese SOEs a Target of Hu-Wen’s “Inclusive Growth”?
Promoting social equality and justice has been the single most oft-stated commitment that the Chinese leadership has made to its people the past year. In an interview with China National Radio late last month, Premier Wen Jiabao vowed to "render society more fair and just."... MORE
Turkey Seeks Cheap Energy and Peaceful Nuclear Technology to Sustain Economic Growth
Energy policy continues to dominate Turkey’s political agenda, as the Turkish Energy Minister, Taner Yildiz, has outlined various projects to address the country’s energy needs. Yildiz found the performance of the Turkish energy sector in 2010 satisfactory, in many respects; the increasing energy generating capacity;... MORE
Azerbaijan Opens New Water Pipeline
After almost four years of construction, the Oguz-Gabala-Baku water pipeline was inaugurated on December 28, 2010. Costing almost $1 billion, the pipeline is already termed by many in Azerbaijan as the “second BTC,” referring to the strategically important Baku-Tbilisi-Ceyhan pipeline built a decade ago to... MORE