September 14, 2016

Remittance Inflows to Uzbekistan, Kyrgyzstan and Tajikistan in 2016: Current Trends and Prospects

Russia is an essentially important country for Central Asian migrant workers. Considering the fact that 60% of the remittance to the Central Asian countries is coming from Russia, there is a heavy reliance on the Russian economy by the region countries. In addition, remittance coming from Russia is an essentially […]
September 6, 2016


Due to the globalization, thriving consumer society, and rapid development of the financial intermediation, consumer lending, which includes unsecured loans lent to individuals, has become a fastgrowing area of the banking services over the past ten years in developing countries, such as Kazakhstan. Moreover, as a result of the world […]
August 13, 2016

15 July Attempted Coup in Turkey and Fethullah Terror Organization

In recent days, it seems that Gulen Community / Fethullah Terror Organization (FETO) and other terror organizations such as PKK and PYD have been used to damage the stability in Turkey, to separate its citizens deliberately, to betray the trust on democracy and politics and to make the environment in the country open for a possible external intervention. After […]
July 27, 2016

Evaluation of China’s “Made in China 2025” Strategy

According to the reports of the International Monetary Fund (IMF) and other international organizations, China, which has the second largest economy in the world, grew steadily until 2008 with approximately a 10% growth rate. China has become one of the leading economies in the Asia-Pacific region in a short time and achieved to be a new economic […]
July 20, 2016

15th Anniversary Summit of Shanghai Cooperation Organization on June 23-24, 2016

On June 23-24, 2016, 15th Summit of Shanghai Cooperation Organization (SCO) was held in Tashkent under the chairmanship of the President of Uzbekistan, Islam Karimov. Steadily adhering to the “Shanghai Spirit” the SCO member states signed the Tashkent Declaration, the Action Plan for 2016-2020 for the implementation of the SCO Development Strategy towards 2025, the Program on the […]
July 13, 2016

Contemporary Energy Relations Between Georgia and Azerbaijan

The energy relations between Azerbaijan and Georgia have shown a significant development which serves as a primary factor that have been strengthening their bilateral relations since 1992. Since both countries are located in the South Caucasus, it can be claimed that the geography has laid the foundation for the development […]
July 5, 2016

Prospects for China – Kyrgyzstan Economic Relations in the Framework of the Silk Road Economic Belt Project

Since 1992, when China and Kyrgyzstan established their diplomatic relations, they have succeeded in developing political, economic and cultural relations in mutual trust. Signing of more than 200 various interstate and intergovernmental agreements between Kyrgyzstan and China shows the acceleration of relations between the two countries in various fields. In terms of trade and economic relations, China has remained the main […]
June 26, 2016

Current Developments of China’s One belt, One Road Initiative

Over the last three decades, China has reached a high economic growth rate. Now, functioning in an open economy, Chinese business firms need to enter global markets and participate more actively in global competition. The co-construction of the One Belt, One Road (OBOR) project launched by the Chinese leader Xi […]
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


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 […]