Eurasia / News

IranAir dreams of regaining its crown from Gulf states usurpers

bne IntelliNews October 26, 2016

While the European and Asian airlines begin to mop up the under-served demand of Iran's middle and upper classes, Iran’s airlines will need years to catch up.

Iran intelligence ministry sacks 35 government officials for having dual nationality

bne IntelliNews October 25, 2016

The Iranian Ministry of Intelligence announced that 35 Iranians who hold a second passport and have senior government positions have been fired from their positions due to perceived national security risks.

Kyrgyzstan’s ruling coalition collapses after president’s party quits

bne IntelliNews October 24, 2016

The Social Democratic Party has decided to withdraw from the four-party ruling coalition over disagreements with partners over constitutional reform plans that some claim represent an attempt by President Atambayev to consolidate his power.

IMF calls for reforms as Eurasia heads for weakest growth in nearly two decades

bne IntelliNews October 24, 2016

The Caucasus and Central Asia is embarking on one of its slowest economic recoveries since independence, as the region continues to battle the effects of low commodity prices and slowdown in key economic partners, the IMF says.

Kazakhstan mulls Salafi Islam ban

Kanat Shaku in Almaty October 21, 2016

Ban could lead to Salafism going underground and adherents becoming radicalised.

Iran makes headway in easing US banking sanctions

bne IntelliNews October 13, 2016

US Treasury agrees to relax rules on foreigners doing dollar-denominated transactions with Iran.

Ruling coalition secures majority but Georgians fed up with politics

Monica Ellena in Tserovani October 10, 2016

The acid test will be whether the coalition government can make any difference to the lives of ordinary Georgians like the residents of Tserovani.

Georgia's ruling party wins parliamentary election

bne IntelliNews October 10, 2016

Ruling Georgian Dream-Democratic Georgia (GDDG) won nearly 49% of the votes in October 8 parliamentary elections, deemed largely free and fair by most international observers.

Georgian election goes down to the wire

Carmen Valache October 5, 2016

Anything could happen on October 8, given that almost half of the electorate will likely make up their minds at the last minute.

Local firm is first recipient of Iran’s new oil contract designed to attract foreign majors

bne IntelliNews October 5, 2016

Persia Oil and Gas, being an Iranian company, was a shock candidate to be the first to sign the new IPC, with most analysts expecting a headline foreign name to be the first.

Mongolia seeks IMF loan to rescue ailing economy

bne IntelliNews October 3, 2016

Mongolia faces more about $2bn in debt repayments due in next year after the government borrowed heavily to finance road and infrastructure projects during the boom years.

Central Asian remittances from Russia begin to recover

Kanat Shaku in Almaty September 30, 2016

As the Russian economy recovers, remittances to Central Asian countries – particularly Kyrgyzstan – are starting to improve.

Iranians get credit cards for the first time since 1979

bne IntelliNews September 29, 2016

Credit cards may go some way to satisfy the pent-up demand for credit, but at the risk of worsening non-performing loans in the already fragile banking system.

Eurasian economies improve global competitiveness ranking

bne IntelliNews September 28, 2016

The improvement comes despite the fact that most economies in the region face challenges related to the fall in commodity prices, volatile exchange rates, recession in Russia and slowing Chinese economy.

ADB lowers Eurasian growth forecasts

bne IntelliNews September 28, 2016

Lower commodity prices and recession in Russia continue to weigh on Eurasian economies with growth projected to further ease this year.

Two-thirds of Azerbaijanis vote in referendum to give president more powers

bne IntelliNews September 27, 2016

The controversial referendum will allow President Ilham Aliyev enshrine his already sizeable grip on power into the constitution.

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