Latest Articles about Economics

Azerbaijan Set to Become a Green Energy Supplier to the EU

In December 2022, Azerbaijan, Georgia, Hungary and Romania signed an agreement to build a strategic partnership in the field of green energy development and transmission (President.az, December 17, 2022). According to the document’s text, the four countries plan to work together in developing a 1,195-kilometer... MORE

Russia Now Forced to Look East of Caucasus to Reach Iran

Russian officials and international media have given prominent coverage to Moscow’s plans for a transcontinental trade corridor southward to Iran via the Caucasus. These efforts aim to end-run Western sanctions and expand Russian trade in the Indian Ocean basin and beyond. But Russian experts concede... MORE

Kazakhstan’s Expanding Multi-Vector Foreign Policy

Recently, Kazakhstani Energy Minister Bolat Akchulakov declared that, while his country maintains close ties with Russia and Uzbekistan on gas transit, no formal discussions have been held regarding the possible formation of a gas union, the trilateral initiative suggested by Russian President Vladimir Putin (Radio... MORE

Perils of ‘Water Wars’ in Central Asia

On November 3, Uzbekistani Foreign Minister Vladimir Norov and his Kyrgyzstani counterpart Jeenbek Kulubaev signed a bilateral deal in Bishkek, under which Kyrgyzstan agreed to cede to Tashkent the territory surrounding the Kempir-Abad Reservoir, covering 4,485 hectares, in exchange for over 19,000 hectares elsewhere (Radio... MORE