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Observations On Economy And January 2015 Devaluation In Turkmenistan

Turkmenistan economy can be regarded as partly affected by 2008 global financial crisis due to limited degree of integration to international financial markets. An explosion at a pipeline caused a drop in the volumes of gas imported by Russia in 2009 but as Turkmenistan owns considerably high volumes of natural […]


Shipping in the Caspian Sea: Case of Kazakhstan

Physical characteristics of the Caspian Sea basin determine specific features for commercial shipping. Currently, merchant marine fleets in the Caspian Sea are represented by different types of vessels such as bulk carriers, oil tankers, barges, road and rail ferries. The majority of ships operating in the Caspian Sea is mixed […]


Tapi Pipeline Building Process: Any Hope For Success?

At the end of the year, energy security in the Eurasian region faced a number of challenges forcing regional and nonregional states to react to the new conditions. It is now doubt that decision of establishing the ambitious TAPI gas pipeline project, a joint venture company for the transportation of […]


Observations on the Kazakh Economy After February 2014 Devaluation -1

Both developed and developing countries have accepted free market economy and according to free market rules, they have implemented open economic policies during globalisation process. As one of the developing countries, Kazakhstan also adjusted to this process. Kazakhstan is the most successful country that has adjusted her economy to free […]


Economy Comes First

The official visit of Russian President Vladimir Putin to Turkey, which was held on December 1, 2014, has once again demonstrated Russia’s intention to strengthen alliances with countries that do not share EU sanctions policy. It becomes even more important because European leaders are actually thinking about the extension of […]


Iranian Nuclear Issue: Absence of Triumph Does Not Mean Failure

Once again, we became a witness as Iran and six powers finished scheduled nuclear talks on November 24. According to the interim agreement negotiations in Vienna should have resolved all disagreements over Iran’s nuclear program (INP) putting the final point to the 12-year standoff. However, as it has happened many […]


Long Run Evaluation of Crude Oil Prices: Structural Breaks, Long Memory or Nonlinearity?

Crude oil is such important energy type that forecasting its prices both in particular and in other types of energy prices in general over time has been widely discussed in the literature. Under the Hotelling modelling tradition, much of the controversy is linked to this choice of a stochastic process […]