Archives Economics - Page 18 of 21 - New Eastern Outlook

The test run of Russian, Mongolian and Chinese transport companies took place on 22^nd of September, 2023 along the AH4 international highway, which connects Novosibirsk with the Pakistani city of Karachi through the territory of Mongolia and China. The length of the highway is more than 6,000 kilometers. In November 2022, the Mongolian section of the highway was brought into use. This run was held in order to identify the degree of serviceability of this way, on the roads of which transit traffic…

The recent trip to Russia by Turkish President Recep Tayyip Erdoğan received a lot of media attention ahead of it. One thing was clear – Vladimir Putin and Recep Tayyip Erdoğan would meet, whether it be in Turkey, Russia, or some other country such as India. What caused the Turkish leader to act in such haste? Of course, the goal of this meeting was not to thank Russia for its assistance during his most recent contentious presidential campaign. It is also hardly the topic of Syrian talks, which have not yet established a meeting place…

After months of political negotiations and four days of voting, Iraq’s parliament has finally approved the largest budget in the country’s history. The draft bill for the 2023 document was initially approved by the cabinet and received the green light from the legislature in June 2023. Experts believe that the planning and swift approval of this financial plan represents a telling achievement of the country’s current administration. The adopted budget amounts to a staggering 198.91 trillion Iraqi dinars, equivalent to US $153 billion. However, it has a deficit of 64.36 trillion dinars. Projected oil revenues are estimated at 117.25 trillion dinars…