Economy // Analysis
23 january 2017
The traditionally sour relationship between Moscow and Doha showed some signs of improvement in 2016. This, however, does not imply that Russia and Qatar have embarked on a way for a closer, strategic relationship. Rather, the Syrian crisis and oil market situation have forced the two countries to soften their rhetoric and cooperate on a select number of issues. It remains to be seen how sustainable the “rapprochement” really is.
14 december 2016
Retirement age in Russia has to be raised. That’s the verdict of the majority of sociologists, political analysts, and of the Ministry of Economic Development, who have been supporting the retirement age increase up to 63-65 years. However, according to opinion polls, the population of Russia is against any retirement age rise. People of 25–34 age group mostly tend to oppose the retirement age rise, which is surprising. And even if some people advocate for a later retirement, they definitely link it to the rise of the pension funds.
27 september 2016
On September 15, 2016, the news broke that the UK government had approved the Hinkley Point nuclear power station construction project that is being financed, among others, by a Chinese state corporation. In July, the decision on the matter was delayed due to security reasons and the need for a more detailed assessment of possible consequences that the increased investments of Chinese companies into the UK economy’s strategic sectors could have. The UK authorities introduced protective measures aimed at retaining control over foreign investments into strategic infrastructure projects, including nuclear energy.
24 may 2016
Established by more than 50 nations in 2015 and officially opened for business in January 2016, the Asian Infrastructure Investment Bank (AIIB) has become a new international financial institution, one of the People’s Republic of China’s largest international projects and a new format for that country’s interaction with the world at large. Will AIIB be able to outgrow the role of a financial tool of Chinese diplomacy?
15 december 2015
The Doha Round of trade negotiations within the World Trade Organization (WTO) began 15 years ago. However, no tangible progress has been made in the resolution of some of the most enormous challenges that the global trading system is facing now, during a most controversial – both economically and politically – development phase.
14 october 2015
On 12 October 2015, the RIAC and the Luxembourg Embassy held a seminar devoted to relations between Russia and the EU. Below, General Director in the Russian Federation of the Belgian-Luxembourg Chamber of Commerce in Russia Oleg Prozorov shares his view of the investment climate in Russia today and the work of foreign companies in our country.
27 july 2015
The global economy has undergone significant transformations over the past few decades in connection with the changing role of developing countries and countries with rapidly growing economies. It is thanks to the contribution of these countries that the world economy was able to bounce back after the crisis of 2008—2009. What is more, many of the countries with rapidly developing economies have now accumulated substantial reserves in their national wealth funds, which they frequently invest in developed countries, thereby strangulating financing into the national economy. The BRICS New Development Bank, which was officially launched at the July 2015 BRICS Summit in Ufa, has been tasked with resolving these issues.
10 april 2015
Sanctions imposed on Russia by the US and the EU have spurred its search for new directions for cooperation. In this context, Russian leadership sees Turkey as one of the partners with whom it is vital to consolidate economic relations. Moscow and Ankara are now discussing plans for creating a free trade zone. In order to find out how feasible the project is, RIAC editorial board asked N.Ulchenko, head of the Turkish Studies Department at RAS Institute of Oriental Studies, and L.Ratner, independent expert, to speak on the matter.
24 march 2015
It has recently been reported that France, Germany and Britain are joining the Asian Infrastructure Investment Bank (AIIB), a major Chinese initiative launched in 2013, which now incorporates 32 states, five of them in Europe, plus New Zealand. Russia is so far outside the process, which complicates its rapprochement with Asian states. We offer the insights of Yaroslav Lisovolik, Chief Economist and Director of Analytic Department at Deutsche Bank AG in Russia.
11 june 2014
Developed countries’ transition to postindustrial society in the late 20th century entailed the reevaluation of the role different factors play in economic growth. Natural resources ceased to be regarded as a significant prerequisite for economic development, due to the emergence of service industries and the virtual economy. Furthermore, the idea that natural riches could even hinder economic development gained ground.
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