EMerging Equity
Tajikistan
The New Global Economy: The Rise Of China And Decline Of The U.S.
By G. Asgar Mitha There is a limit to economic manipulations by empires. All empires have perished due to economic hardships. The Ottoman, Soviet and the British empires were no exception in the past century. Waste was the key product of these empires. Whether the only empire – the US – understands it or not, … Continue reading
Falling Ruble Can Change Power In Several Former Soviet Republics
As many as 70 percent of guest workers have returned to their home countries from Russia after the drop of the ruble exchange rate. Vadim Gorshenin, Chairman of the Board of Directors of the Pravda.Ru Media Holding, dwells on positive and negative aspects of the guest workers’ exodus. Is it good or bad for Russia? … Continue reading
Russia Effect Hits Central Asia To Greater And Lesser Degrees
Naubet Bisenov and Jacopo Dettoni in Almaty BNE The Asian Development Bank, in its latest “Asian Development Outloook Supplement” published on December 17, cut the growth outlook for Central Asia to 5.1% from the previous 5.6% for the full-year 2014 and to 5.4% from the previous 5.9% for 2015. The countries in the region most exposed to … Continue reading
Free Fall Of The Ruble: Who’s Behind It? A Ploy of Russia’s Economic Wizards? Whose Chess Game?
The world is still hell-bent for hydrocarbon-based energy. Russia is one of the world’s largest producer of energy. Russia has recently announced that in the future she will no longer trade energy in US dollars, but in rubles and currencies of the trading partners. In fact, this rule will apply to all trading. Russia and … Continue reading
Ruble Crunch Hits Russia’s Neighbors Hard
By Charles Recknagel As the value of Russia’s ruble tumbles amid low oil global prices and Western sanctions, it is taking the currencies of many former Soviet republics down with it. Just ask Gagik Ghazaryan, an exporter in Armenia. He used to be able to sell soft drinks and canned food profitably to Russia before … Continue reading
New Rail Line To Turn Kazakhstan Into Transit Hub Between China, Middle East
By Naubet Bisenov BNE A new railway connecting Central Asia with the Persian Gulf through Iran was officially opened on December 3. With Kazakhstan completing its east-west rail line that links the country’s center to the west earlier this year, the new international railway line now offers direct passage for Chinese goods to Iran and … Continue reading
Russian Idea Of Banning Dollar, Euro In EEU Trade Dismissed
By Alexandra Jarosiewicz and Naubet Bisenov The executive body of the Eurasian Economic Union (EEU) and a Kazakh business lobby have dismissed the possibility of switching to national currencies in trade within the Russia-led trade bloc when it comes into being on January 1, instead of the current system of using dollars and euros in some … Continue reading
Dams, Electricity, Climate Change And Chinese Money Form Toxic Mix In Central Asia
By Olim Abdullayev BNE Relations between Tajikistan and Uzbekistan have been less than congenial since the collapse of the Soviet Union. Rising tensions over water, exacerbated by climate change, have recently shown the potential to degenerate into armed conflict. Transforming the situation is billions of dollars of Chinese investment pouring into both states, which is … Continue reading
Central Asia: Can China’s Silk Road Vision Coexist With A Eurasian Union?
By Chris Rickleton EurasiaNet.org There is a good chance that economic jockeying between China and Russia in Central Asia will intensify in the coming months. For Russia, Chinese economic expansion could put a crimp in President Vladimir Putin’s grand plan for the Eurasian Economic Union. Putin has turned to China in recent months, counting on … Continue reading
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