In an exclusive interview with EU Today, Dr Marat Terterov, Founder and Director of the Brussels Energy Club, and Co-founder of the European Geopolitical Forum, outlined the key economic and geopolitical implications of the current crisis and warned against further escalation or any attempt at externally imposed regime change in Iran. According to Dr Terterov, oil prices spiked by approximately 7 percent in the immediate aftermath of the strikes—an early signal of market anxiety. Although prices have since moderated, he emphasised that this stabilisation is largely based on “bets on a ceasefire” and a broad assumption that the situation would not worsen. “Most experts believe Iran lacks the military muscle to sustain an open conflict with the United States or Israel,” he said. While Tehran has voiced outrage over the strikes—carried out during ongoing nuclear negotiations—Dr Terterov cautioned against underestimating the strategic calculus behind Iran’s actions. READ MORE

Qodir Djuraev,
Vice Chairman, Committee for International Affairs and Inter-parliamentary Relations, Legislative Chamber of Oliy Majlis of the Republic of Uzbekistan

The World Trade Organization (WTO) is the world’s largest and most influential trade and economic organization, renowned for its capacity to provide a comprehensive legal system for international trade. Critical documents enacted by the organization place responsibility on member states to conduct trade policy according to commonly agreed criteria. The aim is to help producers, exporters, and importers of goods and services operate successfully in the global market. READ MORE

One of the key principles of Uzbekistan's economic growth is the widespread and parallel regional development, based on a deep analysis of the socio-economic situation of the country’s regions, including the study of resource base, production, transport-logistics potential, and demand for various high-value-added products.

According to the Ministry of Investment, Industry and Trade, based on the analysis results, regional investment programs (RIP) are formed annually and approved by the Government Commission, implemented with the coordination and support of the Ministry of Investment, Industry, and Trade of the Republic of Uzbekistan. Considering the identification of new opportunities, the list of projects expands throughout the year. 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

Tokhir Khasanov, Academy of Public Administration under the President of the Republic of Uzbekistan, DSc. in Economics, Associate Professor

Uzbekistan, nestled in the heart of Central Asia, has historically been a melting pot of cultures and civilizations, thanks to its pivotal role in the Silk Road. Its rich tapestry of history reflects a blend of empires, nomads, and diverse cultures that have left their mark over millennia. 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 Benyamin Poghosyan, PhD, Executive Director, Political Science Association of Armenia

The South Caucasus is facing an infrastructure development boom. However, Armenia is in stark isolation, with no major project passing through the country.
The launch of new transit routes and transport infrastructure are key topics widely discussed within the context of the geopolitics of the South Caucasus. Since the late 1990s several new pipelines, highways and railroads have been constructed traversing the region. Given the re-emergence of Russia as a key player in the post-Soviet space, since President Putin's ascendance to power in 2000, new transport corridors and large infrastructure projects have become factors in the wider competition between Russia and western countries. READ MORE

By Eugene Kogan, Tbilisi-based defence and security expert

There is a preconceived and very inaccurate perception in the West at large that the Russian Military-Industrial Complex (MIC) has and will continue to have difficulties in the coming years because Russia faces domestic economic challenges caused by the low price of oil, continuing economic sanctions imposed by the EU and the US and the breakdown of defence industrial relations with Ukraine.
There is very little understanding in the West that for President Vladimir Putin the issue of rearmament and well-functioning of the MIC are of crucial importance, and that the Russian president is not ready to give up an inch in tenaciously pursuing this ambitious items on his domestic agenda. 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

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

The energy trade between Russia and the countries of the European Union (EU) is of fundamental significance for the energy security of each party. Despite the close proximity of the EU-Russia energy relationship, however, the legal and political basis underpinning this relationship, particularly with regards to the gas trade, has proven itself inadequate in guaranteeing the energy security of both parties. Russia's recent announcement of its intention "of not becoming a member" of the Energy Charter Treaty, and new proposal for global energy security has created further uncertainty. While it is hoped that a new government in Kiev will lead to an improvement of Russian relations with Ukraine, Ukraine's national gas transportation operator remains in a difficult financial position and another gas crisis embroiling Ukraine, Russia and the EU, whilst hardly imminent, cannot be entirely ruled out.

Leading Russian and international energy professionals have shared their views on these energy policy challenges in an online session. Click here to go into the discussions or here to view forum summary