Economy

Russia’s resurrected military industrial complex is cannibalising the rest of its economy Ukraine is slowly losing the three-year conflict on the battlefield. Russia is slowly losing the economic conflict at…

Beijing, Dushanbe announced upgrading of diplomatic relations. Chinese President Xi Jinping has promised to defend the “territorial integrity” of Tajikistan as he announced a boost to diplomatic relations with the…

Growth in the non-energy sector in Azerbaijan is expected to rise to 4 percent in 2024. This is primarily due to the active expansion of the construction sector. Azernews reports…

YEREVAN — Armenia’s cooperation with the United States and the European Union is not directed against the Eurasian Economic Union (EEU), Armenian Deputy Prime Minister Mher Grigoryan has told Russian…

Sri Lanka has told hundreds of thousands of Russians and some Ukrainians staying in the country to escape the war that they must leave in the next two weeks, immigration officers said. The…

The Soviet Union’s collapse 32 years ago led to rapid change, economic collapse, and violence. In Tajikistan, that violence slid rapidly into civil war. Reflecting on the Soviet Union’s collapse…

The EU appears set on including prohibitions on the sale of Russian diamonds in its upcoming 12th package of sanctions against Moscow over its invasion of Ukraine.  The move, aimed…

Brussels (08/11 – 50) On March 20, the IMF approved a $3 billion Extended Fund Facility (EFF) to support Sri Lanka amid its economic crisis. The approval is expected to…

London (15/11 – 67) The streets in Colombo, Sri Lanka, erupted into celebration on July 13, 2022 after weeks of peaceful protests forced then-President Gotabaya Rajapaksa to flee the country. Rajapaksa, long…

Paris (15/11 – 75) Sri Lanka has reached an agreement with the China Exim bank on the principles and terms of a $4.2 billion debt settlement, the country’s finance ministry…