Latest Articles about Economics

Turkish Economy Moves out of Freefall: Recovery Requires More Time

The Turkish Statistical Institute (TurkStat) released its June figures on the industrial production index, which gave mixed signals concerning the influence of the economic crisis on the Turkish economy (www.turkstat.gov.tr, Press Release, August 10). The figures show that although industrial output is still down from... MORE

Sakhalin-Khabarovsk-Vladivostok Pipeline Launched

On July 31 the Russian Prime Minister, Vladimir Putin, formally launched the construction of the 1,800 kilometer Sakhalin-Khabarovsk-Vladivostok natural gas pipe-line (ITAR-TASS, July 31). This new strategic pipeline is designed to supply natural gas to the population of the Russian Far East, so far deprived... MORE

Gazprom, Turkey Revive and Reconfigure Blue Stream Two

Russian Prime Minister Vladimir Putin wooed Turkey's AKP government with grandiose vistas of a bilateral partnership on energy during his visit to Ankara (EDM, August 7, 10). Along with his proposal to build Gazprom's South Stream pipeline to Europe via Turkey's Black Sea economic zone,... MORE

Progress in Turkish-Azeri Talks on Gas Prices and Transit

Following the signing of energy cooperation agreements between Turkey and Russia, Turkish Energy Minister Taner Yildiz continued his "energy diplomacy," by visiting Azerbaijan. Prior to departing for the Nakhchivan Autonomous Republic, the Azerbaijani enclave between Turkey and Armenia, on August 8 Yildiz stressed that his... MORE

Putin Entices Turkey with Grander Version of South Stream

On August 6 in Ankara the Russian Prime Minister, Vladimir Putin, with a delegation of government ministers and state corporations' executives, announced vast plans for energy cooperation with Turkey (EDM, August 7). The Russian offers seem designed primarily for political effect in Europe, and secondarily... MORE

Turkish-Russian Grand Bargain in Energy Cooperation

Russian Prime Minister Vladimir Putin's August 6 visit to Ankara marked a new era for "enhanced multi-dimensional partnership," between Ankara and Moscow. Putin and Recep Tayyip Erdogan signed some twenty agreements covering energy, trade and other fields. Italian Prime Minister Silvio Berlusconi also attended part... MORE

Russia Oversees Tajikistan’s Efforts to Find Partners in South Asia

While Moscow's decision to open another base in Kyrgyzstan received intense coverage in the international media, Russian President Dmitry Medvedev's recent visit to Tajikistan was largely overlooked. Along with the Presidents of Pakistan and Afghanistan, Asif Ali Zardari and Hamid Karzai, Medvedev visited Dushanbe last... MORE

Lukashenka’s Gambit in Relations with Moscow

On July 31, the Belarusian President Alyaksandr Lukashenka participated in an informal summit of the Collective Security Treaty Organization (CSTO) held in Cholpon Ata on the shore of Lake Issyk-Kul in Kyrgyzstan. However, he refused to sign any documents on the Russian proposal to create... MORE