Archives Economic development - New Eastern Outlook
19.04.2024 Boris Kushhov

In mid-2023, as part of its preparation of the country’s 2024 budget, Mongolia’s Ministry of Finance prepared a number of documents containing assessments of national economic development prospects for the next three years.  These documents, which are available on Mongolia’s impressively comprehensive official database, allow observers to assess the Mongolian government’s views on their country’s development potential…

18.04.2024 Phil Butler

Many worldwide have been waiting for the other foot to fall on the conflict in Ukraine. Finally, good old Germans are the ones to plop down the telling jackboot. Making money off the blood-soaked ground of Europe’s most corrupt and (now) pitiful country is what it’s all about. Germany now proposes to open the gate for private investment funds to make debtors out of a crippled nation. And the Russians are the bad guys?…

17.04.2024 Boris Kushhov

On March 21, 2024, in a formal event held at Astana Square in Almaty, the President of Kazakhstan, Kasym-Jomart Tokayev, congratulated all Kazakhstanis on the holiday of Nauryz. In his speech in the square, the President announced four strategically important national development projects, the promotion of which he designated as a key socio-economic priority for the republic in 2024. These are the reconstruction and modernization of the country’s transport infrastructure and heat and power network…

07.04.2024 Vladimir Terehov

Two weeks after the meeting of the Chinese parliament, commonly referred to as the “Two Sessions”, held in the first half of March this year, two equally noteworthy forum events were held in Beijing and immediately afterwards in the resort town of Boao (on Hainan Island), attended by Chinese and foreign experts. The main theme of the latter was the implementation of a fundamentally innovative trend in the country’s economic policy, the main provisions of which had been outlined by the Chinese…

05.04.2024 Boris Kushhov

According to the Statistical Service of Kazakhstan, the total volume of goods transported by rail between Kazakhstan and China reached 23 million tons as early as 2022 and grew by a record 22 percent last year. In view of this high volume of freight traffic and the clear upward trend, the Kazakh authorities are having to invest heavily in the development of new railroads in order to serve the growing freight volumes and enable the rapid and efficient delivery of goods through the country…

03.04.2024 Alexandr Svaranc

The Scottish aristocrat and British Prime Minister (1963-1964) Sir Alec Douglas-Hume once said: “There are two problems in my life. The political problems are insoluble and the economic problems are incomprehensible.” His words also reflect very closely the economic realities of modern Turkey. Recep Erdoğan and his Justice and Development Party (AKP) came to power in 2002 amid an economic crisis and widespread criticism of the economic policies of the previous government, led by Bülent Ejavit, which had seen the country’s GDP fall by 10 percent…

29.03.2024 Boris Kushhov

On 22-23 January 2024, Turkmen Foreign Minister R. Meredow visited Japan. During this trip, meetings were held with the Japanese Foreign Minister, the Ministers of Digital Transformation; Land, Infrastructure, Transport and Tourism; Economy, Trade and Industry; representatives of Japanese business, the Director of the Foreign Trade Organisation of Japan and the Head of the Export Credit Organisation of Japan. The leitmotif of the talks was the cooperation…

27.03.2024 Phil Butler

You’ll find an important Russia-India story on page 28 of the Google News results, to care about what’s really happening between the two BRICS nations. Many reading this may not know that India’s Prime Minister Narendra Modi congratulated Vladimir Putin on his re-election as the President of the Russian Federation and announced the deepening of a strategic partnership between the two countries. Russia and India – strategic partners – isn’t that page one New York Times stuff? Well, no…

26.03.2024 Boris Kushhov

Mongolia adopted its 2024 budget law on October 1, 2023. As part of the preparations for the budget law, an extensive preparatory review of the 2023 figures was performed. These were correlated with the spending plans for 2024, 2025 and 2026, and the results were summarized in a special report published by Mongolia’s Ministry of Finance. The report is primarily a breakdown of Mongolia’s draft budget for 2024. As for the budget itself, the following points made in the report are worthy of note…

19.03.2024 Phil Butler

Russia’s glowing potential as a bastion of stability in the new multipolar order seems endless. When the United States and her European allies waged economic war on Moscow, the conventional thinking was that the Russian people would suffer. Today, geography, cultural considerations, and especially the idea of overall beneficial relations all favour the world’s largest country. A look at Russia-Mongolia ties and recent initiatives is further evidence of this…

19.03.2024 Yuriy Zinin

A joint Saudi-Iranian-Chinese trilateral statement was signed in Beijing on 10 March last year. In the statement, Riyadh and Tehran agreed to resume diplomatic relations and open their official missions. They were suspended in 2016 following attacks on Saudi institutions in Iran during protests against Riyadh’s execution of cleric Nimr al-Nimr on terrorism charges. The terms of the agreement also included the unblocking of cooperation in various fields, which was signed 20 years ago. The March agreement came as a surprise, with a number of Middle East experts describing it as “historic”…

17.03.2024 Taut Bataut

China’s exponential rise in the last two decades has stunned the United States and its allies. China has challenged the status quo established in the world after the Cold War. The interventionist and dictatorial policies pursued by the United States in the post-Cold War unilateral world order tarnished its soft image and created a power vacuum in the world. China’s emergence as the new superpower of the world has not only altered the polarity of global politics but…