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.
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.
As Kyrgyzstan is an oil importer country, low oil prices in the world market have contributed to high consumption and growth in the country.
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 pr
Since the beginning of the civil war in Syria, the European Union (EU) countries started suffering from massive illegal migrant influx to Europe.
Central Asian region possesses huge amount of gas reserves: Turkmenistan – 17.5 trillion m3 , Uzbekistan – 1.6 trillion m3 , Kazakhstan – 1.9 trillion m3 .
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.
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.
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 th
During the history of humanity, the identity issues have always played an important role in influencing the course of political and socio-economic processes.