Economic Crisis
Cash crunch causing retail gridlock in Uzbekistan
23.09.2009. Category:Uzbekistan
In most of the villages of Uzbekistan, people haven’t seen cash for ages as they get paid with oil or grain instead of money. In the remote valley, state-affiliated banks are now making payments in coins, not notes, according to local media reports. This is creating havoc for shoppers and shop owners alike.More ...
EUCAM Policy Brief No. 7
16.06.2009. Category:Central Asia
Central Asia and the Global Economic Crisis, EUCAM Policy Brief No. 7, June 2009
In 2007 the EU published a Strategy for a New Partnership with Central Asia. In its initial stages the EU focused on developing new forums for dialogue with the Central Asian countries, and received some criticism for inadequate substantive actions. This Policy Brief argues that the current global economic crisis does not alter the priorities of the EU Strategy, but it does require the EU to stick to existing obligations and also provides an opportunity for fresh initiatives to better achieve the Strategy’s fundamental goals.
This EUCAM Policy Brief is part of a mini-series of three publications on the impact of the global slowdown on Central Asia and its relations with the European Union.
Download the Policy Brief
In 2007 the EU published a Strategy for a New Partnership with Central Asia. In its initial stages the EU focused on developing new forums for dialogue with the Central Asian countries, and received some criticism for inadequate substantive actions. This Policy Brief argues that the current global economic crisis does not alter the priorities of the EU Strategy, but it does require the EU to stick to existing obligations and also provides an opportunity for fresh initiatives to better achieve the Strategy’s fundamental goals.
This EUCAM Policy Brief is part of a mini-series of three publications on the impact of the global slowdown on Central Asia and its relations with the European Union.
Download the Policy Brief
End of the banking boom
20.05.2009. Category:Kazakhstan
During the economic boom, Kazakhstan's banks borrowed heavily on international markets to finance massive investments in construction and real estate. The international credit crisis has left the country's banks extremely exposed, in turn putting a large section of the economy under threat.
More ...Russia and Its Neighbors
27.02.2009. Category:Central Asia
A glimpse at recent prominent headlines involving Russia - “Conflict with Georgia”, “Gas Dispute with Ukraine”, “Financial Aid to Kyrgyzstan” - clearly illustrates that Moscow’s evolving agenda in the post-Soviet space can no longer be ignored. The United States must recognize that former Soviet states are and will continue to be an increasingly crucial focus of Russia’s foreign policy.More ...
New ICG Report: On the road to failure
13.02.2009. Category:Tajikistan
Far from being a bulwark against the spread of extremism and violence from Afghanistan, Tajikistan is looking increasingly like its southern neighbour – a weak state that is suffering from a failure of leadership. Energy infrastructure is near total breakdown for the second winter running, and it is likely migrant labourer remittances, the driver of the country’s economy in recent years, will fall dramatically as a result of the world economic crisis.More ...
Interview with Arkadiy Dubnov: «The countries, lacking the culture of discussion, are not able to cooperate»
11.02.2009. Category:Central Asia
The extraordinary summits of EurAsEC and CSTO, which took place in Moscow on February 4th, have resulted in, at first glance, important decisions that require substantial financial investment and strong political will from the member countries. The “Ferghana.ru” correspondent interviewed Arkadiy Dubnov, the expert on Central Asia and international observer of “Vremya Novostey” newspaper, on whether it is possible to view the establishment of 10 billion US dollars antirecessionary fund and operational response collective forces as “advancement”.More ...