Latest Articles about Economics
Turkey and EU in Trade Row over Boron
In Turkey's convoluted "long march" toward European Union membership, Ankara has exhibited immense patience during the accession process, which began 21 years ago, when on April 14, 1987, Turkey applied to join the EU, having been an associate member of the European Union and its... MORE
Ukraine Moves To Stabilize Financial System
Ukraine has secured a big loan from the IMF in order to stabilize its finances amid the global crisis. To qualify for the loan, parties in parliament agreed to set aside their differences and pass stabilization laws proposed by President Viktor Yushchenko. Thanks to this,... MORE
The Shadowy Side of Gazprom’s Expanding Central European Gas Hub
OMV, the Austrian oil and gas group, and Russia’s Gazprom, along with the Vienna Stock Exchange and Centrex Europe Energy and Gas AG (CEEGAG) have agreed to cooperate in developing the Central European Gas Hub (CEGH) located in Baumgarten, Austria, Kommersant daily reported on November... MORE
Belarus Facing Recession
Since the mid-1990s, Belarus has frequently cited its economic successes: high growth rates (over 10 percent in the first half of 2008), impressive increases in industrial output, and an economy that has managed to thrive even while closely controlled by the state. President Alyaksandr Lukashenka... MORE
Russia Dominates Tajikistan’s Energy Sector
In the new "Great Game" between the West and Russia over the vast energy reserves of Central Asia, Tajikistan has always stood apart, owing to its geographical isolation, degraded economy, and relative lack of hydrocarbon resources. Now the poorest and most isolated of the "Stans"... MORE
Austria’s OMV To Share Key Terminal With Gazprom
On November 5 Austria’s OMV energy company advanced toward a final agreement with Russia’s Gazprom to share the Baumgarten gas terminal near Vienna. That terminal, however, is the designated end point and regional distribution center for the Western-backed Nabucco gas transport project. Sharing Baumgarten with... MORE
European Commission 2008 Progress Report on Turkey Details AKP Shortcomings
On November 5 the European Commission released its 2008 progress report about Turkey. The report examines political and economic criteria as well as Turkey’s ability to assume the obligations of membership in terms of state and social structure, that is, intellectual property rights, free movement... MORE
Sino-Kazakh Relations: A Nascent Strategic Partnership
While the Chinese authorities make a point of honoring the establishment of cordial relations with all five Central Asian states, Kazakhstan enjoys a unique status. Since 2005 the China-Kazakhstan partnership has been termed a “strategic” one, the highest of diplomatic epithets, confirming that Astana is... MORE
Global Crisis Presents Challenges and Opportunities for China’s Economic Reform
The massive bailout of Western financial institutions is remaking the international financial order, spurring debate in China about what adjustments and financial instruments need to be on the table for Beijing to address domestic challenges and the international financial crisis. These calls come amid the... MORE
Beijing Tackles Lack of Transparency Amid Global Financial Crisis
The agency that serves as China's economic bellwether, the National Bureau of Statistics (NBS), has indicated that it will undertake new statistical reform and development. Ma Jiantang, the new NBS chief, stated that the financial turmoil facing the global economy "had increased the uncertainties of... MORE