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Since independence in 1991, Uzbekistan has declared the protection and preservation of the historical and cultural heritage as a fundamental principle of its public policy. In order to secure its rich ancient history, Uzbekistan pursues a policy of protecting its cultural and historical heritage, which is reflected in the Constitution […]

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 […]

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 […]

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 […]

On 4 December 2016, the Uzbek citizens went to the polls to elect the second President of the country. Shavkat Mirziyoyev, who has been the Prime Minister since 2003 and who has been the acting President after Islam Karimov’s death on 2 September 2016, won the election. According to the […]

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 […]

In more than thirty years of reform and implementation of open economy policies, great changes have taken place in China. With the country’s high engagement with the world, it became obvious that China did not isolate itself from the global developments. The rapid growth of China’s economy and the country’s […]

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 […]

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 […]

Today, highly skilled workers play an essential role in the economic development of, especially in developing countries. This skilled labor force is the engine of breakthrough innovations that boost the economic growth with new production methods. However, the distribution of highly skilled workers in the world is imbalanced, in particular, […]