Economy

November 22, 2021

Eurasia Battle for Electric Batteries: View from Ukraine

The world shift towards decarbonization and achieving complete electricity generations from renewable energy sources (RES) creates a new power configuration in energy geopolitics. Apart from global state competition for investment in green projects (e.g., power stations, hydrogen infrastructure, carbon capture utilization & sequestration facilities), there is an ongoing trend in […]
November 22, 2021

The Crypto Ban, Great Migration and Bitcoin Mining in Kazakhstan

In July 2021, the Cambridge Centre for Alternative Finance (CCAF), one of the leading research institutes in the world focusing on non-traditional financial instruments, which came into prominence, among other things, for the Cambridge Bitcoin Electricity Consumption Index (CBECI) [Cbeci.org, 2021], a real-time index that tracks the total electricity consumption […]
November 22, 2021

Do Central Asian Countries Export Urbanization?

Currently, Central Asia is among the largest labor-exporting regions in the world. Uzbekistan, Tajikistan, and Kyrgyzstan rely very much on remittances sent by their citizens working abroad. According to the World Bank, remittances comprise about 28.4% of the GDP of Kyrgyzstan making it the second country in terms of remittances […]
November 22, 2021

The Court of the Eurasian Economic Union

The Eurasian Economic Union (EAEU) is one of the recent regional trade agreements. Despite the idea of Eurasian integration has a long history and was proposed by the first President of Kazakhstan Nursultan Nazarbayev in the early 1990-s, Kazakhstan together with Belarus and Russia formed a customs union only in […]
October 26, 2021

Bringing Turkmen Gas to the European Market: Trans-Caspian Gas Pipeline

According to the British Petroleum (BP) Statistical Review, Turkmenistan is the world’s fourth-largest natural gas giant with proven natural gas reserves of 19.5 trillion cubic meters, after Russia (38 trillion cubic meters), Iran (32 trillion cubic meters) and Qatar (24.7 trillion cubic meters). Thus, Turkmenistan ac-counts for 9.8% of the […]
October 4, 2021

What Drives Higher Food Prices: Examples from Central Asia

Food prices are one of the most important indicators, which play an important role in economic and political stability. Food prices depend on a variety of factors, including growth in demand (mainly from Asian countries), financial market speculations, export restrictions, weather shocks, productivity slow-down, currency depreciation, rising oil prices, biofuels […]
September 28, 2021

Connected by Waters: The Issue of Water as a Factor of Regional Cooperation in Central Asia

It is well known that water scarcity is one of the most serious challenges that Central Asia is about to face in the near future. According to the World Resources Institute, Turkmenistan is among the top 17 countries that face extremely high water stress; Uzbekistan and Kyrgyzstan are in the […]
August 27, 2021

English Language as a Prerequisite for the Development of Kazakhstan

According to the annual report by Education First (EF), Kazakhstan ranks very low among other countries in terms of the English proficiency level. In 2020, it ranked 92nd in the English Proficiency Index list among 100 countries around the world [EF, 2020]. The situation looks somehow contradictory because multilingual education […]
August 27, 2021

China’s Third-Child Policy Challenges

On May 31, 2021, the Political Bureau of the Communist Party of China announced a new policy that allows couples to have up to three children instead of the previous two-child limit. Although the introduced measures aim to stimulate the birth rate to obtain a long-term term balance of population […]
August 27, 2021

Infrastructure and Trade Facilitation in the Eurasian Region

High-quality infrastructure remains critical for economic growth and international trade. Hard and soft infrastructure, effective customs regulation, including digitization of customs procedures are important for boosting trade indicators. Therefore, this commentary aims to analyze recent developments in infrastructure and trade facilitation in the Eurasian region, reveal its problems and provide […]