March 16, 2016

The Central Asian Policy of Japan

Due to the geopolitical location and the natural resources of Central Asia wide range of nations has focused its attention on the region, developing various strategies towards the regional states. Japan is one of those nations. In the early years of independence of the Central Asian countries, Japan did not […]
March 5, 2016


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. However, after 2008 global financial crisis, this type of funding regained its […]
March 2, 2016

The Angren-Pap Railway as an Important Link of the China Central Asia-Europe International Transit Corridor

Due to its geographical location the Republic of Uzbekistan is far away from seaports and international transit routes leading to them. Therefore, since getting its independence in 1991, the country has begun construction of new railways in order to create integral railway system. Over the years of independence, Uzbekistan implemented […]
February 24, 2016

Recent Developments in the Railway Network of Kazakhstan

Kazakhstan, a country in the heart of Eurasia, has a potential to become a key country to connect transcontinental routes between Europe and Asia. Despite the financial crisis in China the total amount of its trade with the European Union (EU) increased by 11.5% from €466.8 billion in 2014 to €520.6 billion in 2015. It is expected that China’s […]
February 17, 2016

The Central Asian Countries’ Electric Power Sector and the Problem of Energy Inefficiency

Central Asian countries’ electric power sectors were initially designed during the Soviet Union to operate within a unified Central Asian Power System (CAPS). After gaining independence Central Asian governments started pursuing independent energy policies, which strained the coordinated operation of the system. Turkmenistan left the CAPS in 2003. Withdrawal of […]
February 10, 2016

New Prospects of Grain Exports of Kazakhstan

Nowadays grain is the third most important commodity that Kazakhstan exports after oil and gas products, and metals. Kazakhstan is one of the major players in the world grain market. Vast plains with an appropriate soil type and climate in the northern regions of Kazakhstan allow to harvest many millions […]
February 9, 2016

A Brief Look at the Fiscal Management of the Economy of Turkmenistan

Among the Central Asian countries, Turkmenistan has grown significantly due to the high amount of natural resources, mainly hydrocarbons. After the breakup of the Soviet Union, having great natural gas deposits, Turkmenistan improved its economy by implementing structural reforms. However, since 2014, like the other Central Asian countries, Turkmenistan has […]
February 2, 2016


The necessity for a comprehensive review of armed conflicts that lasted in Afghanistan for centuries is caused by the need to identify both the current situation and the possible prospects of development in the region. Being a strategic springboard on the Amu Darya’s shore the Termez city, located on the […]
January 27, 2016

Military Cooperation between the United States and Kyrgyzstan: The Case of the Manas Airbase

Since gaining independence in 1991 Kyrgyzstan has officially been globalized. The relations of the United States (U.S.) with Central Asia commenced in the early 1990s, entailing diplomatic recognition and opening of embassies. According to the agreement between the governments of the U.S. and Kyrgyzstan regarding cooperation to facilitate the provision […]
January 19, 2016


Successful eastern enlargement brings the borders of the European Union (EU) close to the Post-Soviet countries, namely, Azerbaijan, Belarus, Georgia, Ukraine, Armenia and Moldova. In order to ensure close political association and high degree of economic integration with their eastern neighboring countries the EU members launched the European Neighborhood Policy […]