Latest Articles about Economics
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Between Traditional and Modern: The Fortunes of the Belarusian Economy
In late February, Tom Post, editorial advisor at the Finnish and Baltic edition of Forbes, and Arkady Shteimans, referred to as the publisher of Forbes in Latvia, Estonia and Finland, paid a visit to Minsk. In this regard, Dev.by, an online publication about the Belarusian... MORE
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Economic Diversification Key to Kazakhstan’s Future Stability
In January, Kazakhstan’s Ministry of National Economy reported that oil production in the country had risen from 78 million to 86.2 million metric tons year-on-year, whereas only six months earlier, in July 2017, the annual forecast had stood at just 81 million. The giant Kashagan... MORE
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Mongolia Strengthens Cooperation With Russia in Fields From Nuclear Research to Transit Rail
When Khaltmaa Battulga assumed the presidency of Mongolia in July 2017, most foreign and domestic observers believed he would pursue a much more pro-Russian policy than his globalist-minded predecessor, Tsakhia Elbegdorj. Battulga’s anti-Chinese rhetoric buttressed this prediction during the political campaign, followed by his first... MORE
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The Transformation of the Uzbek-Tajik Relationship
On March 9, Shavkat Mirziyoyev landed at Dushanbe airport, the first president of Uzbekistan to conduct a state visit to Tajikistan since 2000. Embraced by his local counterpart, President Emomali Rahmon, he rode through Tajikistan’s capital city past thousands of flag-waving citizens (YouTube, March 10).... MORE
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Georgia’s Much Celebrated Visa Liberalization With European Union Comes Under Threat
Exactly one year ago, in Mach 2017, Georgia celebrated the launch of the much-sought-after visa-free travel rules (so-called visa liberalization) with the European Union. The event was considered of such high political importance for Georgia that the country’s prime minister, Giorgi Kvirikashvili, called it an... MORE
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Satellite Internet and Russia’s Control Over Its Cybersphere
Russian telecommunication experts paid close attention to the February 22 announcement of the launch into orbit of two experimental micro-satellites by the private space exploration company SpaceX (Vedomosti, February 22). The main goal of the launch of SpaceX’s Falcon-9 rocket was advertised as the deployment... MORE
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Latvian Financial Corruption Scandals Open Opportunity for Russian Information Warfare
A series of accusations levied against Latvian banks and officials last week has seriously upended this Baltic State’s banking and financial system. First, the Financial Crimes Enforcement Network (FinCEN) of the United States Department of the Treasury announced sanctions against ABLV Bank. The sanctions announcement... MORE
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Beyond Bitcoin: Could China Embrace Blockchain for Defense and Security Applications?
Since January 2016, bitcoin (比特币) has skyrocketed from less than $1,000 and nearly peaking at $20,000 in December—a 2,100 percent increase. Despite its volatility, euphoria over bitcoin along with other cryptocurrencies (加密数字货币) has spread across the globe and nowhere has this been more evident than... MORE
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Shipping Finance: China’s New Tool in Becoming a Global Maritime Power
China began 2018 by making important strategic moves in the shipping industry. On January 10, COSCO Shipping Development, COSCO Shipping’s leasing finance arm announced a plan to establish a shipping fund with state-controlled China Cinda Asset Management Co., Ltd. to finance ship assets (Splash24/7, January 10). COSCO Shipping,... MORE
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Russia and Georgia Disagree Over North-South ‘Trade Corridors’
Zurab Abashidze, the Georgian prime minister’s special representative to Russia, held a meeting with Russian Deputy Foreign Minister Grigory Karasin in Prague, on January 31, within the framework of the bilateral informal dialogue launched in late 2012 (Civil Georgia, February 1). During such meetings, the... MORE