Latest Articles about Economics
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Strategic Implications of Chinese Aid and Investment in Latin America
Since 2008, the People's Republic of China (PRC) has moved forward with a series of large aid and investment deals, indicating that the PRC is raising its stake in Latin America to a new level [1]. The impact of China's expanding commitment in Latin America... MORE
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IMF-World Bank Summit Opens in Istanbul
Istanbul is hosting the annual International Monetary Fund (IMF) and World Bank (WB) summit on October 2-7. It is expected that around 15,000 delegates including the finance ministers from the G7 will attend the summit. World Bank President Robert Zoellick and IMF Managing-Director Dominique Strauss-Khan... MORE
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Russia and Kazakhstan Pursue Energy Partnership
Russia and Kazakhstan's leadership have reiterated pledges to boost their bilateral economic and energy partnership. However, they remain divided over some divergent interests, notably in gas processing and oil transit. Earlier this month, Russian President Dmitry Medvedev and his Kazakh counterpart Nursultan Nazarbayev met at... MORE
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Putin Touts Vast Yamal Project for Global Export of LNG
On September 24 the Russian Prime Minister Vladimir Putin led government ministers and CEO's of some global energy companies on a visit to the Yamal Peninsula in northwestern Siberia. Putin announced that Russia intends to become an exporter of liquefied natural gas (LNG) worldwide on... MORE
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Turkey Proceeds with its Economic Recovery Plans
On September 16, Turkey's Economy Minister Ali Babacan revealed the government's medium term economic plan for 2010-2012, prepared by the state planning agency. Babacan acknowledged that the contraction in growth by the end of the year may reach 6 percent, rather than the previous estimate... MORE
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Moscow Reduces Aid to the North Caucasus: Jeopardizing the Precarious Security Environment
On September 11, the Russian minister for regional development, Dmitry Kozak, announced that because of the ongoing economic crisis, Moscow will have to divert some of the financial aid earmarked for the North Caucasus republics to other regions of Russia (www.kavkaz-uzel.ru, September 12). The move... MORE
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Corruption in Kazakhstan’s Airmobile Forces
Kazakhstan's defense ministry is actively preparing to host the final stage of the Collective Operational Response Force (CORF) exercise in October. On September 7 Army-General Mukhtar Altynbayev, the Chairman of Kazakhstan's Joint Chiefs of Staff confirmed that the planning phase of the exercise in the... MORE
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Turkmenistan Still Taking “Time-Out From Gazprom”
Presidents Dmitry Medvedev and Gurbanguly Berdimuhamedov met on September 13 in the city of Turkmenbashi to discuss a possible resumption of Turkmen gas deliveries to Russia. The Russian side stopped taking deliveries through the Central Asia-Center pipeline in early April this year, exploiting its monopsony... MORE
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The Ukrainian Coal Mining Industry: Problem Child or Savior?
Coal mining, and especially coking coal, has been a very problematic industry in Ukraine -it is highly inefficient due to outdated machinery and the depth of its mines. According to the International Energy Agency (IEA), "The average mine depth is more than 700 meters; in... MORE
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Putin Takes Opel’s Wheel
On September 10 General Motors, partly owned by the U.S. government, changed its position and allowed its ailing German subsidiary, Opel, to be "rescued" by a Kremlin-controlled consortium. The German government strongly pressed for the Russian solution in preference to an American one. The issue... MORE