Latest Articles about Economics

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

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