E-Bulletin – Page 31

June 22, 2016

Turkmenistan’s Offshore Oil and Gas Exploration in the Caspian Sea

Since Turkmenistan is an energy-rich Central Asian country with significant hydrocarbon reserves, the oil and gas industry is a key contributor to the country’s economic growth. Nowadays, natural gas, crude oil and oil products make up about 80% of the country’s exports. Therefore, the sustainable capacity development of the oil […]

June 14, 2016

AZERBAIJAN’S BANKING SECTOR AFTER THE SWITCH TO FLOATING EXCHANGE RATE REGIME

In 2014, the Central Bank of Azerbaijan stated that the banking sector in Azerbaijan started to develop as a result of ongoing positive dynamics of macro indicators and regulations which were characterized by the role of banks in the economy. According to Financial Sector Assessment Paper (2012) prepared by the […]

June 8, 2016

The Implementation of Fiscal Policies in the Economy of Kyrgyzstan

As Kyrgyzstan is an oil importer country, low oil prices in the world market have contributed to high consumption and growth in the country. As a result of a significant increase in gold exports, economic growth was also driven by net trade. Despite the recession in Russian economy, which caused a decline in the demand for Kyrgyz goods […]

June 1, 2016

Economic Development in Uzbekistan: Results of 2015 and Future Priorities

Despite the negative effects of the global financial crisis on the economy of Uzbekistan, the developments in 2015 demonstrated that Uzbekistan achieved a considerably high economic growth rate and macro economic stability due to the consistent implementation of the economic program, the priorities of which include the provision of fundamental structural reforms, protection of private property and small business […]

May 24, 2016

CURRENT DEVELOPMENTS IN TURKEY – EU REFUGEE AGREEMENT AND SCHENGEN DISPUTE

Since the beginning of the civil war in Syria, the European Union (EU) countries started suffering from massive illegal migrant influx to Europe. To date over 1.4 million asylum seekers have arrived to the EU searching for better life conditions causing Europe’s migration crisis. The largest numbers of migrants (more […]

May 21, 2016

Natural Gas Pipeline Infrastructure in Central Asia

Central Asian region possesses huge amount of gas reserves: Turkmenistan – 17.5 trillion m3 , Uzbekistan – 1.6 trillion m3 , Kazakhstan – 1.9 trillion m3 . However, in the land–locked Central Asian context, it is not the amount of resources beneath the ground that determines gas market interactions, but […]

April 30, 2016

Armenia – Russia Relations ın the Framework of the Collective Security Treaty Organization

The Collective Security Treaty Organizations (CSTO) is a successor of the Collective Security Treaty (CST), which was signed on the 15th of May, 1992 by newly independent states such as Armenia, Uzbekistan, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. Later in 1993, Belarus, Azerbaijan and Georgia joined the Treaty. As a result […]

April 27, 2016

Cultural Dimension of China’s New Silk Road Initiative

The most obvious incarnation of revitalization of China’s efforts to strengthen its presence in Eurasia became the Chinese New Silk Road Economic Belt (SREB) and the XXI century Marine Silk Road united into the so called One Belt, One Road Initiative, which has become one of the most iconic and […]

April 20, 2016

Regional Identity Formation in Central Asia from Historical Perspective

During the history of humanity, the identity issues have always played an important role in influencing the course of political and socio-economic processes. Models and approaches of the identity formation have been changed over time and each period of history has its own specific model of identity formation. People have […]

April 13, 2016

Threat from Afghanistan in the Central Asian Security Agenda

Over the past several years, the Central Asian republics have expressed their concern regarding the security issues ascending from the rising destabilization in Afghanistan. For many years, the Islamic Republic of Afghanistan has represented the most substantial security challenge for the Central Asian landscape. Therefore, the withdrawal of the military […]