The Kyrgyz government’s penchant for trying to revise deals with foreign investors stands to have a big financial backlash. An assortment of angry investors anticipates winning damage awards totaling almost $1 billion in international arbitration.
In his 2013 work, How to Get Filthy Rich in Rising Asia, Mohsin Hamid documents the fate of an ambitious emerging market youngster as he rises from rags to riches and moves from countryside to city, surrounding himself with ever-greater comfort as he grows more affluent.
Artur Tadevosian gently guided his fingers across the strained neck of a client in a warmly lit office in the Armenian capital Yerevan. He knew exactly where to unwind a knot with pressure-point precision.
Criminal charges appear to be looming for Gulnara Karimova, the once high-flying daughter of Uzbekistan’s President Islam Karimov. Prosecutors suspect her of involvement in an organized criminal operation that is believed to have bilked the state out of tens of millions of dollars.
On the Chinese side of the border, a four-story shopping mall offers Kazakhstani shoppers a stunning variety of duty-free goods—from iPhones to auto parts and children's clothes. Visitors can stay in a well-appointed hotel and enjoy solicitous service at a number of Chinese banks.
Confronted with the most daunting security challenge since the end of the Cold War, NATO leaders are preparing to gather in the United Kingdom for a September 4-5 summit. Officials in Georgia – which, like Ukraine at present, has direct experience with Russian aggression -- want NATO to show greater resolve in confronting the Kremlin’s creeping expansionism.
Georgian fruit-and-vegetable exports now enjoy conditional, duty-free access to the European Union, one of the world’s largest markets. But to cash in, Georgia faces the daunting challenge of overhauling its subsistence-based agricultural sector.