Economy

Central Asian Migrants Leave Russia

Millions from all over the region have historically travelled there to work, with their remittances playing a significant part in many countries’ economies.

25 Mar 22

After thousands of computers used to mine cryptocurrency overwhelmed the power grid in Georgia’s mountainous region of Svaneti at the height of winter, 200 residents gathered in the medieval church of St. George in Mestia, Svaneti's main centre, to take an oath on the ancient icon of the saint that they would never mine cryptocurrencies. © IWPR

Crypto Mining Overtakes Georgian Power Grid

Svaneti residents turned to ancient rituals to fight electricity shortages caused by virtual currencies.

24 Mar 22

The Russians Moving to Armenia

Business and private individuals hope to escape the consequences of Russia’s attack on Ukraine.

11 Mar 22

Tumbling Russian Rouble Leaves Kyrgyzstan Trembling

A weak currency and high inflation spells trouble for the Central Asian country’s economy.

3 Mar 22

Smoke is seen rising from buildings on February 26, 2022 in Kyiv, Ukraine. Explosions and gunfire were reported around Kyiv on the second night of Russia's invasion of Ukraine. © Pierre Crom/Getty Images

Ukraine: Impact of War on Central Asia

With the region’s fortunes deeply linked to the Russian Federation, analysts assess how Russia’s invasion is likely to affect economic and geopolitical realities.

1 Mar 22

Hryvna is the national currency of Ukraine. © Roman/Freepik

Crisis Adds to Ukraine’s Economic Woes

Amid the looming threat of invasion, structural problems in the country’s economy need close attention.

15 Feb 22

Rubbish pile up on the side of the village’s muddy, unpaved streets. Residents complain that when it is dry, the roads are dusty and when it rains, they are muddy. Taxi drivers are unwilling to take passengers here. © CABAR

Kazak Villages Struggle with Poverty

In Nur-Sultan, glitzy shopping malls and swanky hotels mirror Kazakstan's vast natural resources. In the outskirts, villages with no running water and basic services tell a different story of poverty and inequality.

26 Jan 22