... the overall economic slowdown.
Sanctions have also triggered a sort of national “industrial awakening”. Conscious of the vulnerability and dependency of its domestic market on the West, Russia has realized that it is time to diversify its economy. This has made the development of joint ventures with foreign partners possible (mainly with the Chinese but also with the Americans), especially in sectors that are under sanctions.
AFP /
www.facebook.com/ConfindustriaRUS
Ernesto Ferlenghi
Do ...
... linguistic unity remains a powerful foundation of Eurasian integration. Business will also benefit from Kyrgyzstan’s accession to the EAEU, as it will receive access to a large commodities market. It will stimulate the development of the national economy and create favourable conditions for Kyrgyzstan businesses to enter its traditional markets (those of the former USSR). First of all, it will provide the necessary conditions to revive production, create new jobs, revitalise certain sections of ...
... market participants
[1]
. The devaluation can be seen as a signal that China is changing its strategy for the country’s economic growth and its position on the global markets and within the world financial system.
A Return to an Export-Oriented Economy?
After the unprecedented slump on the Chinese stock market in late July 2015, when the Shanghai Stock Exchange Composite Index tumbled by 8.5 per cent
[2]
(which was a natural consequence of the accumulated structural imbalances of the Chinese ...
... will have far-reaching economic consequences, systemic impact and will make an important contribution to the country’s socio-economic development. The main advantages for Kazakhstan will be an improved investment climate and job creation as the economy opens up. For the WTO, the accession of another Central Asian country signifies an important step towards the realization of the idea of universal membership.
For the WTO, the accession of another Central Asian country signifies an important step ...
....”
But the question begs: who is the leader? Surprisingly, it is Latvia, see “
Latvia as a bridge between West and East is not working, and has to be rejected
” (link in Russian). This much was made clear by a presidential advisor on the economy and European affairs and former EU commissioner.
As for Latvian Railways President Ugis Magonis, we can assume that he is being dealt with in the same way as former IMF Managing Director Dominique Strauss-Kahn, who declared that the global political ...
... country as their patrimonial lands but cannot implement the declared drive toward Europe. The political system is dominated by oligarchs and crime, with the lead role played by Vlad Plakhotnyuk, a leader of the Democratic Party of Moldova.
Moldovan Economy: the Emerging Crisis and the Robbery of the Century
moldova24.info
Премьер-министр Молдовы
Валерий Стрелец.
Formed in February 2015, the government of Kirill Gaburich has been the weakest even by Moldova standards....
Islamic finance, an area of banking in the Middle East and Southeast Asia that offers Sharia-compliant products, is going through a major growth period right now. Islamic banking offers services and products that must comply with a set of rules where no interest is permissible and where all deals must comply with Sharia law. Some of the no-interest products include sukuk (Islamic bonds) as well as musharaka (where the lender and customer own an asset together) and murabaha (where the lender buys...
...
The crisis hit its peak when the Shanghai, Shenzhen and other major Chinese stock exchanges suffered a correction after they had enjoyed a 150 per cent growth in their capitalization over the previous 12 months.
At a time in 2014 when the Chinese economy was growing at its slowest rate for 25 years, security prices on Chinese exchanges surged –
the result of speculation and the reluctance of regulators to restrict market access for certain parties. And the correction was a big one: in July ...
... Russia-related policies of the United States and the European Union, meaning that any punitive measures, such as sanctions, remaining in place would be much more coordinated. If U.S. LNG and oil were to go to Europe, Russia would have trouble diversifying its economy due to reduced export revenues.
According to both U.S. and European experts, the TTIP may be signed while Obama is in office, i.e. before 2017. Currently, the sides are holding their tenth round of negotiations in Brussels, with modest expectations ...
At the 7
th
BRICS Summit held on July 8-9, 2015 in the Russian city of Ufa, the leaders of the BRICS member states came together and signed several joint agreements including the ‘Ufa Declaration’, the ‘Ufa Action Plan’, the ‘Strategy for BRICS Economic Partnership’ and the ‘Memorandum of Understanding (MOU) on the Creation of the Joint BRICS Website’. The Summit is mostly overlooked in mainstream media such as the BBC and CNN, due to the European and...
