July 21, 2015

The Asian Infrastructure Investment Bank: Development And Expectations

The first news about the Asian Infrastructure Investment Bank (AIIB) have come up by October 2013. During the meeting held in the course of visit to Indonesia the President of China, Xi Jinping, and the President of Indonesia, Susilo Bambang Yodhoyono, the Chinese president suggested to establish the AIIB in […]
July 14, 2015

Turkmenistan-Iran Energy Cooperation

Nowadays, Ashgabat and Tehran managed to establish more trusting relations, compared with relations between Iran and other Central Asian states. Due to the fact that the two countries share a common state border with the total length over 1000 km and confessional closeness, Turkmenistan and Iran stress the importance of […]
July 7, 2015

Benefits of the Membership of the World Trade Organization to Kazakhstan

The final meeting of the Working Group, which officially announced the completion of negotiations on Kazakhstan’s accession to The World Trade Organization (WTO) was held on June 22, 2015, in Geneva. Kazakhstan submitted its initial application on January 29, 1996, but it took nearly two decades to finalize accession talks […]
June 30, 2015

Effects Of The Iranian Nuclear Agreement On The Oil Market

Iran is the fourth oil-rich country (157 billion barrels of proven oil reserves) and the first natural gas-rich country (33.8 trillion cubic meters of proven natural gas reserves) in the world. Before the implementation of sanctions, Iran was the second largest crude oil exporter among the Petroleum Exporting Countries (OPEC) […]
June 23, 2015


Nowadays, the world energy has entered a new phase of technological development. Combining horizontal drilling with multistage hydraulic fracturing and proppant injection made it possible to start the commercial production of such unconventional sources of hydrocarbons as shale gas. Inspired by the case of the US, the countries with large […]
June 16, 2015

The 5th Congress of Leaders of World and Traditional Religions

On June 10-11, 2015, Astana hosted the 5th Congress of Leaders of World and Traditional Religions themed “The Dialogue of Religious Leaders and Politicians in the Name of Peace and Development”. Participants of the two-day congress discussed the responsibility to humanity of religious and political leaders, the influence of religion […]
June 9, 2015


Issues concerning spatial development for many years were on the periphery of the economic policy agenda of Kazakhstan since its existence as an independent state. The launching of the “State Program on the Development of Monocities for 2012-2020” can be considered as the first spatial development program in more practical […]
June 2, 2015

Perspectives on Potential of Renewable Energy in Kazakhstan

Kazakhstan is an energy rich country, both in fossil fuels and in renewable energy sources, such as hydropower, wind energy, solar radiation, geothermal energy and bio-fuels. However, for today, most of these green energy resources are left untapped. In 2014 renewable energy accounted for 0.6% of electricity generation, not including […]
May 26, 2015

Prospects on Financial Sector in Kazakhstan

Kazakhstan is one of the most successful transition countries that achieved to move to free market economy from centralized economy. Kazakhstan entered into the period of economic revival after the widespread reforms in mid-1990s. Despite 1998 Asian crisis, the government implemented specific measures including trade protection and foreign exchange rationing. […]
May 19, 2015

Kyrgyzstan’s Accession to the Eurasian Economic Union: Labor migrants Case

The ceremony of signing documents on Kyrgyzstan’s accession to the Eurasian Economic Union (EAEU) Agreement took place after the EAEU Summit in Moscow on May 8, 2015. Leaders of the EAEU and Kyrgyzstan were in the process of negotiations on accession issue since Presidents of Russia, Belarus and Kazakhstan signed […]