Latest Articles about Economics

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

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

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

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

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

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

Germany Facing Dependence on Russian Market and State Orders

Russian President Dmitry Medvedev received German Chancellor Angela Merkel on August 14 at his Sochi residence. This meeting accelerated the implementation of qualitatively new economic projects in key industrial sectors, agreed barely one month earlier in Munich by the two leaders in the framework of... MORE