PROSPECTS FOR NUCLEAR POWER DEVELOPMENT IN KAZAKHSTAN
For a number of years Kazakhstan has seriously been considering a construction of a nuclear power plan (NPP) on its territory. It was not an unexpected development for a country that hosted the BN-350 fast reactor in Aktau (formerly Shevchenko) in western Kazakhstan during the Soviet times. The reactor that […]
The Current Situation of the Foreign Direct Investments in the Economy of Uzbekistan
The foreign direct investments (FDI) have become a key source of growth in many transitional economies. Therefore, attracting the FDI into the national economy has become one of the objectives of the investment policy of Uzbekistan. Legal framework and regulation of attracting foreign investments in the Republic of Uzbekistan is […]
Shifting to Inflation Targeting Strategy in Kazakhstan’s Economy
Theoretically, inflation targeting (IT) is a monetary policy strategy which is characterized by public announcement of official quantitative targets for the inflation rate over one or more time horizons and by explicit acknowledgement that low and stable inflation is the primary long-run goal of monetary policy. All IT strategies implemented […]
The Geo-economic Importance of the Khorgos Gateway: Current Developments
China is one of the major trade partners of Kazakhstan, actually, it’s the second trade partner after Russia. In order to strengthen the economic relations and to increase the effectiveness of cargo transportation from China to Europe through Kazakhstan, both sides initiated the Khorgos project. The Khorgos International Centre of […]
The New Program on Hydro-power Development to Improve Sustainability of Uzbekistan’s Energy Sector?
The government of Uzbekistan has recently approved a new program on hydro-power sector development for the period of 2016-2020. According to the program the government, with the support of international donors, is planning to allocate US$889.41 million in modernization of hydro-power generation facilities and construction of new hydro-power plants (HPP) […]
Gas Sector Development Policy Priorities of the Republic of Uzbekistan
Natural gas is the priority area in the development of the energy sector in Uzbekistan. Uzbekistan is the major gas producing country and it has the largest gas processing capacity in the region. Uzbekistan has been and remains a key supplier of gas within Central Asia and is highly interested […]
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 […]