Banking Reforms in Uzbekistan and their Impact on the Country’s Economy
The current banking system of Uzbekistan has begun to take shape since independence and went through the several stages. The reform of the banking sector was intended to promote the development of the national economy, improving the social and economic well-being of people. The law on banks and banking activities […]
Social Aspects of Population Aging in Eurasia
The aging of the population becomes one of the most significant and inevitable social challenges of this century, the consequences of which will affect labor markets, the production of goods and services, as well as the subtle scope of human interconnections. According to the report “World Population Prospects: The 2017 […]
Political Turbulence in Armenia: the Triumph of “Street Democracy”
In 2018, Armenia entered the final phase of the political transition initiated in 2015 after Armenian voters approved the shift from the presidential to the parliamentary system of government with the changes to take effect during the 2017- 2018 electoral cycle. By winning the April 2017 parliamentary election with 49.17% […]
Tajikistan and NATO: Assistance-Based Partnership
Unlike other Central Asian states, Tajikistan was quite late in starting practical cooperation with the North Atlantic Treaty Organization (NATO), mostly due to the civil war that raged in the country in the first half of 1990s. It became a member of the North Atlantic Cooperation Council, which was later […]
Regional Repercussions of the Economic Recession in Russia
Since 2014, the Russian economy has been in recession caused primarily by the drop in oil prices and sanctions imposed by the western countries. In 2017, after two years of the negative growth, Russia’s GDP and industry production in-creased by 1.5% and 1.0%, respectively, while the inflation rate decreased to […]
April 2018 Presidential Election in Azerbaijan
On April 18, 2018, Azerbaijani leader Ilham Aliyev was sworn in for the fourth term as the president of Azerbaijan after a landslide victory in a snap election that had been rescheduled from October 17, 2018, to an earlier date and took place on April 11, 2018. The inauguration marks […]
Latest Developments in European Union’s Security and Defense Policy
On December 11, 2017, the Council of the European Union (EU) established a mechanism called the Permanent Structured Cooperation on security and defense (PESCO) with twenty-five EU members participating, except for Denmark, Malta and the United Kingdom (UK). PESСO is a treaty-based framework aimed at strengthening defense cooperation among the […]
Evaluation of Potential U.S.-China Trade War
The possibility that the escalation of trade tensions between the world’s two biggest economies, the United States and China, will turn into a trade war remains high on the global agenda. The trade conflict between the countries began on March 22, 2018, with U.S. President Donald Trump signing a memorandum […]
Recent Developments in the Ukrainian Banking Sector
Political upheavals in Ukraine that started in 2014 have caused a severe deterioration of the country’s economic situation, combined with the decline in the socio-economic well-being of Ukrainian citizens. The Euro-maidan protests resulted in the ouster of President Yanukovych, which led to Russia’s annexation of Crimea and the armed conflict […]
March 2018 Presidential Election in Russia
During recent presidential election in Russia held on March 18, 2018, incumbent President Vladimir Putin secured a vote of confidence by winning a landslide re-election victory. As a result, 65-year-old Vladimir Putin will extend his rule as a head of Russia for another six years until 2024. In fact, Putin […]