Latest Articles about Economics

The Politics of Reform: Saakashvili’s Odesa Mission (Part One)

Georgia’s former president, Mikheil Saakashvili, has accepted Ukrainian President Volodymyr Zelenskyy’s offer to chair the Executive Committee of Ukraine’s National Council for Reforms (Ukrinform, May 7). Taking up the new challenge, Saakashvili promised to draw on the experience of his universally recognized achievements in Georgia... MORE

Belarusians Worry About the Economy

Belarus has been preoccupied in recent days with President Alyaksandr Lukashenka’s decision not to cancel this year’s annual May 9 Victory Day military parade, which marks arguably the country’s most important public holiday. “I must say that we cannot cancel the parade,” declared Lukashenka on... MORE

Russian Loan Offer Exposes Moldova’s Internal Faultlines

In mid-April, Russia offered Moldova, at the latter’s insistence, an inter-governmental loan of €200 million ($217 million) on soft terms. Moldova’s Socialist-led government had planned this loan mainly for road construction, before the COVID-19 coronavirus pandemic broke out. At present and in the near-to-medium term,... MORE

Russian Loan for Moldova: A Strange Inter-Governmental Agreement

Russia and Moldova signed an inter-governmental loan agreement on April 17, in Moscow, at Chisinau’s insistence. Chisinau had initially sought a Russian loan for infrastructure development, but it may have to spend these Russian funds (along with Western assistance) to mitigate Moldova’s current fiscal emergency... MORE

Russia Now Losing Out to China on Iranian Rail Route

The Russian government long assumed that Western sanctions on Iran would allow it to steal a march on the world by expanding its railroad connections to the south via the Islamic Republic while simultaneously ensuring that the South Caucasus remains a Moscow-dominated hub for both... MORE