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 […]
Special Working Group on Caspian Sea Legal Status Meeting: Results and Prospects
The Special Working Group (SWG) for drafting a Convention on the legal status of the Caspian Sea at the level of deputy foreign ministers of the littoral states met for its 41st session in Moscow on September 8-10. The talks were attended by delegations from Azerbaijan, Iran, Kazakhstan, Russia and […]
Current Situation of the International North South Transport Corridor
The International North-South Transport Corridor (INSTC) project was established in 2000 by Russia, India and Iran with a purpose of creating a corridor shorter than the current maritime Suez Canal transportation route in order to reduce the time and transportation costs of trade in goods. Later on, Belarus, Kazakhstan, Tajikistan, […]
V Summit Of The Turkic Council: Common Information Space And Enhancing Multilateral Cooperation
The V Summit of the Turkic Council was held in Astana on September 11, 2015. The main topic of the Summit included the enhancement and the development of multilateral cooperation, particularly, in the field of “media and information” and other various fields. Field of Media and Information: This field was the […]
Implementation of the Fiscal Policy in the Economy of Kazakhstan in 2015
Kazakhstan, like the other Eurasian countries, has been hit by large external shocks such as low oil prices and slowdown in Russian and Chinese economies. Kazakhstan’s real GDP growth rate reduced from 6% (five-year average) to 1.5% due to reduced domestic demand in 2015. Besides, after the 2009 and 2014 […]