By Vusal GULIYEV, Policy Advisor at the Center of Analysis of International Relations and Head of Shanghai Office at AZEGLOB Consulting Group

Over the past three decades, Turkish investment in China has steadily expanded, covering sectors such as energy, manufacturing, retail, and food. Despite certain market challenges, companies like Aksa and TAB Gıda have found scalable success. Backed by institutional frameworks, Türkiye’s strategic pivot to Asia continues to strengthen and diversify its economic relationship with China’s vast and growing market.
Economic relations between Türkiye and China have expanded considerably over the past three decades, evolving beyond trade to encompass mutual investment. While Chinese investments in Türkiye have typically drawn more attention, Turkish capital flowing into China has also steadily increased. Although Turkish investments remain less diversified and extensive than their Chinese counterparts, several Turkish companies have made notable contributions across multiple sectors. Nevertheless, China’s vast consumer base and industrial ecosystem have long been seen as a strategic target for Turkish businesses seeking to enhance their global reach. READ MORE

The CERR jointly with the Statistics Agency, assessed the level of monetary poverty in Uzbekistan. By the end of 2023, poverty in the country decreased by 3.1 percentage points. The experts explained how the poverty profile has changed and in which regions the incomes of the population have shown the greatest growth.

According to the results of the assessment of the Statistics Agency under the President of Uzbekistan, by the end of 2023, the poverty level in Uzbekistan has decreased to 11.0%. READ MORE

By Benyamin POGHOSYAN, PhD, Chairman, Center for Political and Economic Strategic Studies

The Russian invasion of Ukraine has led to a significant influx of Russian IT specialists into Armenia, boosting the sector and contributing to the country's economic recovery.
The growth of IT has become a synonym for Armenia’s development in the last decades. Given that the country has had a rather strong position in the IT sector since the collapse of the Soviet Union, it appears to be natural to observe the industry flourishing. In the 2000s, the primary agents of change were the branches of multinational companies, such as Synopsys Armenia and others. In recent years, the focus has shifted towards establishing a vibrant and thriving start-up ecosystem. Not even the economic slowdown in 2014-2016, the political upheavals of 2018, the Covid-19 Pandemic, and the 2020 war in Nagorno Karabakh did stop the growth of the IT sector in Armenia. READ MORE

By Vusal GULIYEV, Visiting Research Fellow at the Asian Studies Center of Boğaziçi University

In light of Russia’s increasing isolation from global markets due to a series of Western-led sanctions, the development of functional, secure, and integrated freight railway networks between Europe and Asia, beyond the territory of the Russian Federation, has come to dominate the discourse over the past several months. The disruption of commercial operations through the northern rail lines catapulted the popularity of the Trans-Caspian International Transport Route (TITR), an overland network of road, rail lines, and maritime transport that traverses Central Asia, the South Caucasus, and Middle East whilst circumventing Russian territory. Consequently, the current geopolitical circumstance in Eastern Europe has allowed the host economies of the TITR—i.e., Azerbaijan, Kazakhstan, Georgia, and Türkiye—to reinforce the development of mutual political and economic bonds in order to strategically and effectively operationalize a uniform policy toward the sustainable implementation of the TITR. In the wake of heavy economic sanctions on Moscow, the major transit countries located along this overland trade channel have taken concrete steps toward achieving the expansion of transcontinental transit opportunities and attracting more international cargo shipments by realizing the rapid commercialization of this multimodal cross-regional route. READ MORE

By Ayaz MUSEYIBOV, Head of Department, Center for Analysis and Communication of Economic Reforms of the Republic of Azerbaijan

After implementing a number of trans-Eurasian energy and logistics mega-projects, such as the Baku–Tbilisi–Ceyhan oil pipeline, Southern Gas Corridor and Trans-Caspian International Transportation Route, Azerbaijan has also strategically committed itself to policies designed to turn the South Caucasus country into a regional digital hub. This initiative has already secured buy in from several countries and major companies in the IT space. Notably, this past April, Italy’s largest internet service provider and one of the world’s leading operators, Sparkle, and Azerbaijan’s top wholesale telecommunications operator, AzerTelecom, signed a memorandum of understanding on cooperation within the framework of the Digital Silk Way project (not to be confused with China’s Digital Silk Road), aimed at creating a digital telecommunications corridor connecting Europe and Asia via Azerbaijan. READ MORE

By Eldor TULYAKOV, Executive Director, Development Strategy Centre
Furkat YUNUSOV, Head of Department, Development Strategy Centre

Four years ago, Uzbekistan launched reforms critical to the development of its economic sphere. Based on the Strategy of Actions, the document responsible for outlining the priorities for the country’s growth for the period of 2017-2021, as a metric we have arrived at initial finding, with several indicators demonstrating progress, most notably the areas of public administration, social and civic institutions, mass-media, economic advances, among others. The past four years have evidenced precise results and demonstrated more advanced methods to take these priority areas forward. READ MORE

By Eugene Kogan, Tbilisi-based defence and security expert

Undoubtedly, the Russian annexation of Crimea in March 2014 caused serious damage to the Ukrainian Naval Forces. About 70 per cent of the fleet has been lost and what remained is in poor shape and in need of repairs.
The resulting conflict in the Eastern part of Ukraine drew attention, energy and resources away from the difficult state of the Ukrainian Navy towards the urgent needs of the army and air force. The perilous state of the economy has further decreased financial support for the Navy’s needs. In addition, a debate on the conceptual vision of the Navy divided the expert community and top naval personnel for about 15 months. READ MORE

By Benyamin Poghosyan, PhD, Chairman, Center for Political and Economic Strategic Studies

The world economy has been in troubled waters since late 2018. The US – China trade war rattled the markets and triggered the significant changes in global supply chains. Many industrial giants were actively discussing the dislocation of production facilities from China to South East Asia nations such as Vietnam and Cambodia seeking to decrease the negative impact of the trade war.[…] However, the novel Coronavirus (COVID – 19) outbreak, which started in Chinese Wuhan city, has launched its seemingly unstoppable march around the globe since late January 2020. READ MORE

By Benyamin Poghosyan, PhD, Executive Director, Political Science Association of Armenia

Armenia should take additional steps to overcome its regional isolation and boost its economic cooperation with the outside world, otherwise in the long-term it would be more and more difficult for it to counter Azerbaijani and Turkish pressure.
On October 30, 2017 an opening ceremony for the newly constructed Baku - Tbilisi - Kars railway link was held in Baku. The Presidents of Azerbaijan and Turkey, as well as the Prime Ministers of Georgia, Kazakhstan and Uzbekistan, and representatives of Kyrgyzstan and Turkmenistan, participated in the ceremony. The BTK was hailed as one of the shortest routes connecting Asia with Europe, with clear eye for it to be included in China's "One Belt - One Road" project. READ MORE

Mehmet Ogutcu
EGF Affiliated Expert

LONDON - As the world is preparing to leave 2016 behind as a year fraught with political surprises, financial crises and market volatility, governments and businesses including those in Turkey have started to set their eyes on what the next 12 months have in store for them politically and economically. 

Clearly, global risks are more elevated and more interconnected than we have ever seen before and demand a proactive and integrated response to address potential impacts. To refresh your memory, since the end of the Bretton Woods order in the 1970s, there have been serious financial crises every seven years over the past 40 years: 1987, 1997, 2007.  If you ask me whether the global crisis which has been brewing in the last few years could erupt in 2017, my answer would be yes. READ MORE

A highly successful roundtable discussion on Exploring the Role of Economic Initiatives as Peace Building Tools in the Nagorno-Karabakh Context took place on the 27th of March, 2014, at the European Parliament.  The event was organized by the European Geopolitical Forum and international NGO partners, and was attended by more than 40 experts from the South Caucasus region and Brussels-based think tanks and international organizations who engaged in discussion in a constructive, informal ‘atmosphere of exchange’. The roundtable focused constructive energies on discussing a common future in an economically integrated South Caucasus, as a way to build mutual trust aimed at helping to overcome the current stalemate within the political and security negotiations. Please click here for the summary of conclusions of the event. READ MORE. 

Ben McPherson,
EGF Eurasian politics researcher

In a recent letter to the European Geopolitical Forum, HE Vladimir Norov, the ambassador of the Republic of Uzbekistan in Belgium, highlighted the robust economic development his country has enjoyed since the turn of the millennium. In addition, he described government priorities for 2014 aimed at continuing the boom. READ MORE

by Naim Ameur
Expert on political transition in Tunisia and the Maghreb

One year after the Jasmine Revolution of January 14, 2011, Tunisia has successfully advanced in its democratic transition and political reform process. The election of the National Constituent Assembly (NCA) held on October 23, 2011 was well organised, and for the first time in history, it was fair. Al-Nahdha (which means “renaissance” in Arabic), a moderate Islamic party, won 41 per cent of the NCA seats. READ MORE