Publication Categories

Evaluation of the Parliamentary Elections in Azerbaijan, November 1, 2015

During the 5th parliamentary elections held on November 1, 2015, Azerbaijan determined the deputies for the National Assembly. According to the preliminary results of the Central Election Committee of Azerbaijan, the voter turnout was 55.7% (2.89 million) and the New Azerbaijan Party won the elections with 74% of total votes. […]


Current Challenges for the Kashagan Offshore Oil Field Project

The Kashagan oil field in the Caspian Sea is a largely known oil field outside the Middle East and the fifth largest oil field in the world regarding the reserves. Discovered in 2000, it is the largest new oil deposit found in the last 30 years. Kashagan has potential reserves […]


Recent Developments in the External Debt of the Economy of Kazakhstan

In recent years, the economy of Kazakhstan was affected by two major external factors, such as changes in the trade regime associated with the accession to the Eurasian Economic Union (EAEU) and decrease in oil prices. These factors have influenced many aspects of the economy of Kazakhstan. While evaluating the […]


OPEC and Non-OPEC Members Meeting: No Agreement Reached

Technical experts of the Organization of Petroleum Exporting Countries (OPEC) had a meeting on October 21, 2015, in Vienna to discuss the current situation of the steady reduction in crude oil prices in the world markets. The OPEC had invited eight non-OPEC oil-producer countries to take part at the expert […]


Oil Sector of Kazakhstan: Construction of the Fourth Oil Refinery

Presently, Kazakhstan exploits three oil refineries that were constructed during the USSR period: in the Pavlodar, Atyrau and South Kazakhstan regions. The first operating oil refinery plant was constructed in Atyrau in 1945, at the end of the World War II. The plant processed more than 4,920,005 tons of oil […]


Migration Crisis: Opportunity or Burden?

Since the start of the civil war in Syria in 2011, 4 million Syrians had fled to neighboring countries in order to find a safe haven. Majority of the refugees would favor a stable and proper life in their home countries rather than living in refugee camps but events occurred […]


Overview of the Gold Mining Industry of Kyrgyzstan

As most of the other Central Asian countries, Kyrgyzstan is an energyrich country with a wide range of minerals. However, the main mineral mined in the country is gold, which has made the gold mining industry one of the pillars of the Kyrgyzstan’s economy. The major gold mine in the […]


The Relation Between Financial Instability And Income Inequality In China

In the Chinese economy, high income which has caused an inequality in welfare distribution has led the economy to transfer from a centrally-planned economy to an increasingly market-oriented economy. The high degree of inequality in the Chinese economy results from mainly real factors such as rapid trade integration, technology, human […]


Development of the Trans-Caspian International Transport Route

Nowadays, maritime routes dominate the intercontinental freight traffic between Asia and Europe. However, due to the fact that the volume of foreign trade between major markets in Eurasia is expected to increase by 1.5 times, from $800 billion in 2014 to $1.2 trillion by 2020, the Eurasian countries located away […]


Results Of SCO And BRICS Summits In Ufa

The Shanghai Cooperation Organization (SCO) and the BRICS Summits were held on July 8-10, 2015 in the capital city of Bashkortostan, Ufa. The Summits location was chosen due to the fact that Russia is carrying responsibilities of the term president in both organizations, namely, Russia’s presidency in the BRICS started […]