China, with the largest population in the world of over 1.3 billion people, has moved into the second place in the world in terms of the size of its economy. The higher education sector has grown tremendously.
Vietnam became the first trade partner of the Eurasian Economic Union (EEU) as a result of the ratification of the agreement on free trade zone on April, 29, 2016.
Since the beginning of the civil war in Syria, the European Union (EU) countries started suffering from massive illegal migrant influx to Europe.
Since the beginning of 2015, we, the Eurasian Research Institute decided to prepare weekly ebulletins to evaluate the important developments in the Eurasian region and to share these e-bulletins with the readers.
After suspending the Free Trade Agreement with Ukraine from January 1, 2016, Russia imposed a food embargo on Ukraine and blocked the transit of Ukrainian goods heading to Central Asian countries and China.
Central Asian region possesses huge amount of gas reserves: Turkmenistan – 17.5 trillion m3 , Uzbekistan – 1.6 trillion m3 , Kazakhstan – 1.9 trillion m3 .
Since the beginning of 2000’s Kazakhstan’s economy has grown rapidly, even the global economic crisis did not have a significant effect on the economy.
Theoretically, deposits are the best source of funding for the banks in terms of availability and cost. Due to the significant developments in financial markets in 1990’s and 2000’s, the share of deposits in banks’ funding slightly decreased.
Uzbekistan is a large producer of oil and oil products in Central Asia. The supplies, however, no longer meet the demand for oil products in the country.