By Ramiz Rahmanov and Zaur Valiyev (11/30/2011 issue of the CACI Analyst)
With economic recovery, the governments of Armenia and Georgia managed to reduce budget and current account deficits; however, the gross government and external debts still remain to be significant. To reduce the debt risks, their governments need to increase attractiveness of their economies for investments and boost exports. The other Caucasian republic, Azerbaijan, due to high oil revenues, does not experience any problem with balancing its budget and maintaining external sustainability.
By Richard Weitz (11/16/2011 issue of the CACI Analyst)
In a lengthy newspaper piece published in early October, Russian Prime Minister Vladimir Putin unexpectedly called on the former Soviet republics to join Moscow and create a Eurasian Union. Russia is already consolidating its recently formed Customs Union with Belarus and Kazakhstan. Now the intent seems to be to expand the number of its members as well as to enlarge its functions and powers into something like the European Union.
By Dmitry Shlapentokh (11/16/2011 issue of the CACI Analyst)
Kazakh law enforcement recently claimed to have broken up a “terror group” in a Kazakh town. While jihadist terrorism has been a part of the Central Asian political landscape for a long time, these events deserve special attention. This is not only because several similar events have recently taken place in Kazakhstan, but also due to the country’s special conditions where jihadism has previously been a most marginal occurrence.
By Kevin Daniel Leahy (11/16/2011 issue of the CACI Analyst)
Boris Yeltsin, president of Russia from 1991 to 1999, famously urged the various ethno-jurisdictions in the Russian Federation to “take all the sovereignty you can swallow.” At the time, the political leadership in Chechnya took this exhortation literally, an interpretation that contributed to the outbreak of war between the secessionist regime in Grozny and the Russian state in 1994. Since 1999, Vladimir Putin has replaced Yeltsin’s controversial sovereignty mantra with one that might be articulated as follows: “take all the subsidies you can swallow.
The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.
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