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Development of the Trans-Caspian International Transport Route
Nowadays, maritime routes dominate the intercontinental freight traffic between Asia and Europe. However, due to the fact that the volume of foreign trade between major markets in Eurasia is expected to increase by 1.5 times, from $800 billion in 2014 to $1.2 trillion by 2020, the Eurasian countries located away […]
October 14, 2015
Results Of SCO And BRICS Summits In Ufa
The Shanghai Cooperation Organization (SCO) and the BRICS Summits were held on July 8-10, 2015 in the capital city of Bashkortostan, Ufa. The Summits location was chosen due to the fact that Russia is carrying responsibilities of the term president in both organizations, namely, Russia’s presidency in the BRICS started […]
October 6, 2015
Special Working Group on Caspian Sea Legal Status Meeting: Results and Prospects
The Special Working Group (SWG) for drafting a Convention on the legal status of the Caspian Sea at the level of deputy foreign ministers of the littoral states met for its 41st session in Moscow on September 8-10. The talks were attended by delegations from Azerbaijan, Iran, Kazakhstan, Russia and […]
October 1, 2015
Current Situation of the International North South Transport Corridor
The International North-South Transport Corridor (INSTC) project was established in 2000 by Russia, India and Iran with a purpose of creating a corridor shorter than the current maritime Suez Canal transportation route in order to reduce the time and transportation costs of trade in goods. Later on, Belarus, Kazakhstan, Tajikistan, […]
September 29, 2015
V Summit Of The Turkic Council: Common Information Space And Enhancing Multilateral Cooperation
The V Summit of the Turkic Council was held in Astana on September 11, 2015. The main topic of the Summit included the enhancement and the development of multilateral cooperation, particularly, in the field of “media and information” and other various fields. Field of Media and Information: This field was the […]
Tags: International Relations, Turkey
September 22, 2015
Implementation of the Fiscal Policy in the Economy of Kazakhstan in 2015
Kazakhstan, like the other Eurasian countries, has been hit by large external shocks such as low oil prices and slowdown in Russian and Chinese economies. Kazakhstan’s real GDP growth rate reduced from 6% (five-year average) to 1.5% due to reduced domestic demand in 2015. Besides, after the 2009 and 2014 […]
Tags: Economy, Kazakhstan
September 20, 2015
Trade Cooperation Between Kazakhstan and China: Recent Trends and Future Perspectives
In August 30, 2015 President Nursultan Nazarbayev paid an official visit to China to take part in the celebration of the 70th anniversary of the Victory in the Pacific Day. Apart from discussing current issues of mutual interest, the two leaders discussed new opportunities of bilateral trade. The visit ended […]
September 15, 2015
Transition To The Floating Exchange Rate System In Kazakhstan
As a result of low oil prices in the world markets, sanctions against Russia, depreciation of Russian ruble and devaluation in China, Kazakhstan has had to accept the floating exchange rate regime and to start implementation of a new monetary policy since August 20, 2015. Kazakhstan faced a low growth […]
Tags: Economy, Finance, Kazakhstan
September 8, 2015
Current Situation over the AGRI Project (Azerbaijan-Georgia-Romania Interconnector)
The inter-ministerial meeting of the participating states of the AGRI project (Azerbaijan-Georgia-Romania Interconnector) was held in Bucharest on June 24, 2015. During the meeting, the Ministers of the energy sector in charge of the liquefied natural gas project discussed the outcomes of the feasibility study and opportunities for financing. In […]
August 17, 2015
Recent Developments in India-Kazakhstan Energy Cooperation
Kazakhstan is India’s largest trading partner among the Central Asian states. The cooperation on energy resources and trade of natural resources is an important component of the partnership between India and Kazakhstan. The main commercial commodities between the countries are oil and oil products, uranium, asbestos, titanium, pharmaceuticals and agriculture. […]
Tags: Energy, India, Kazakhstan
July 28, 2015
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