Latest Articles about Economics

Ukraine Sells Fixed-Line Operator to Austrian Investment Company
On March 11, the government privatization agency State Property Fund (SPF) signed documents selling 92.8 percent of the fixed-line operator Ukrtelecom shares to ESU, the Ukrainian daughter of the Austrian company EPIC (European Privatization and Investment Corporation). This is the biggest privatization deal since 2005,... MORE

Russian Energy Projects in the Black Sea Reach End of an Era
Turkish Prime Minister, Recep Tayyip Erdogan’s, March 16-17 Russia visit capped a four-week period of spectacular changes to Russian energy transit projects, in the Black Sea and beyond. During these critical weeks, Russia abandoned the Trans-Balkan (Burgas-Alexandropoulos) oil pipeline project, which it had planned for... MORE

Erdogan’s Moscow Visit Produces Mixed Results
On March 15, Turkish Prime Minister, Recep Tayyip Erdogan, accompanied by a large delegation of businessmen and cabinet members, travelled to Moscow. Though on balance it produced mixed results, the visit constitutes yet another major step in the flourishing Turkish-Russian ties, characterized as a multi-dimensional... MORE

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