Kazakhstan’s National Operator for Oil Pipelines: Kaztransoil Operational Results in 2016
It is essential for the oil-rich Kazakhstan to ensure the progressive development of the export capacity in all the major export routes, as well as to secure transportation of oil and petroleum products to domestic markets. In order to provide oil transportation services and to operate the country’s oil pipeline […]
The Future of the Labor Market in Russia
Depopulation, aging and shrinking number of the working-age population are some of the biggest challenges which Russian labor market face today. The year 1995 is an important year for demographic dynamics in Russia because after that year number of population continuously decreased and according to forecasts it will fall even […]
The Effects of Fluctuations in the World Oil Market on Bank Lending in the Economy of Kazakhstan
Over the last two decades, the banking sector has expanded significantly in the economy of Kazakhstan. The highest development in the banking sector took place in the period between 2000 and 2008 (until 2008 world economic crisis). At that period, growing oil prices and cheap funding in external financial markets […]
The Khorgos Free Economic Zone and its Economic Potential
Since officially launched in April 14, 2012, the Khorgos Free Economic Zone (FEZ), which is officialily called the International Centre of Boundary Cooperation between Kazakhstan and China, has made a significant contribution to further increasing the economic and commercial relations between all Eurasian countries, including bilateral economic and commercial relations […]
Trans-Caspian Pipelines Routes: Problems and Prospects
In the face of deepening contradictions in energy relations between Russia and the European Union (EU), the Caspian region came into the focus of the international community’s attention. The hydrocarbon-rich countries of the region, in particular, Azerbaijan, Kazakhstan and Turkmenistan, are considered by the EU as vital energy partners, which […]
Economics and Politics of Energy in Central Asia and Caucasus
Central Asia and Caucasus has always been economically powerful regions throughout the world history.However, in the beginning of 21st century, Central Asia and Caucasus with its high oil and natural gas reserves regained importance and these countries have attracted attention with their high economic potentials. It seems that the energy […]
The Developments in the Economy of Belarus in 2016
Belarus has a strategic location between Russia and the European Union (EU) and a well-developed transport system with a sufficient investment climate and highly skilled workforce. However, being highly dependent on Russia in energy, economy and finance and high state control on economic activities prevent to stabilize the economy. After […]
Launch of Oil and Gas Production at the Kashagan Field
The economy of Kazakhstan is highly dependent on energy. Being the largest oilfield of the country, the Kashagan field bears strategic importance for the petroleum sector of Kazakhstan. The last three years are described by reduction of oil production from 81.8 million tons in 2013 to 80.8 million tons in […]
Perspectives of Free Trade Regime between EEU and China
China leans towards the idea of establishing a free trade zone with the Eurasian Economic Union (EEU). The first round of negotiations on this issue was scheduled to be held in mid-October of 2016 in Moscow. However, later it was postponed due to unreadiness of the two sides. Nevertheless, the […]
The Public Sector Balance in the Economy of Kazakhstan: Adjusting Low Oil Prices
Kazakhstan is resource rich country, and its economy highly depends on the oil export. Oil prices that have been low since the middle of 2014 had a significant effect on the country’s balance of payments and exchange rate. In the pre low oil prices period, the share of the oil […]