Latest Articles about Economics

Italy Builds Closer Ties to Uzbekistan

On April 26, 2023, Italian Minister of Defense Guido Crosetto visited Uzbekistan. He first met with the Minister of Defense, General Bakhodir Kurbanov, and the President’s Special Representative for Foreign Policy Affairs, Abdulaziz Kamilov, before concluding his series of meetings with President Shavkat Mirziyoyev (Difesa.it,... MORE

Russian Restrictions Foster FDI Boom in Kazakhstan

Since Russian President Vladimir Putin began his ill-fated “special military operation” (SVO) against Ukraine, subsequent international sanctions imposed in response produced the slowly mounting hemorrhaging of foreign firms based in the Russian Federation to other post-Soviet states, with many choosing to relocate to Kazakhstan. On April... MORE

Japan Quietly Playing a Growing Role in Central Asia

When the role of outside powers in Central Asia is considered, Japan is often not among them—despite the fact that it has a unique advantage which has opened the way to considerable success in the areas where Tokyo has employed it. It is an Asian... MORE

Kazakhstan Building Up Caspian Tanker Fleet to Bypass Russia

In an aim to make itself more independent of Russia, Kazakhstan is rapidly expanding its fleet of oil tankers so it can ship more oil across the Caspian to Azerbaijan and then onward to the West via the Baku-Tbilisi-Ceyhan pipeline—rather than using mostly Russian routes... MORE

Azerbaijan Pivots to the Balkans

On April 13, Azerbaijani President Ilham Aliyev paid an official visit to Sarajevo, Bosnia-Herzegovina. While there, Aliyev met with his counterparts, the members of the Bosnian tripartite presidency, Željka Cvijanović, Denis Bećirović and Željko Komšić (Azertac, April 13). Despite the shortness of the visit—Aliyev departed... MORE

Belarus and Russia Advance Economic Integration (Part One)

Russia’s war against Ukraine has understandably overshadowed numerous other developments across Eastern Europe that would normally attract significant international attention. One of these is the lingering theme of bilateral integration between Belarus and Russia under the auspices of the Union State. And even with the... MORE