Russia

<p>Yesterday I posted about&nbsp;<a href="http://www.reinisfischer.com/kyrgyzstan-join-eurasian-union">Kyrgyzstan joining Eurasian Union</a>, but forget to write about Armenia - so here is the deal (Original on RT)</p><p>Russian President Vladimir Putin has put his signature to a law that makes Armenia a full member of the Eurasian Economic Union (EEU) from January 2, 2015.</p><p>The document signed Tuesday will add the 3 million people in…

<p>I have been watching closely developments of Eurasian Union since 2010. Yesterday at hotels room in Bakuriani, I had a chance to watch Russian TV (I watch TV rarely and only in hotels)</p><p>Russian news were reporting some interesting (I would say funny) news - and one of them was about that&nbsp;Kyrgyzstan to join Eurasian Union:</p><p>After three years of negotiations, Kyrgyzstan has signed up to join the Moscow-led Eurasian Union, a protectionist post-…

<p>More than year a ago I published article&nbsp;<a href="http://www.reinisfischer.com/turkey-could-join-eurasian-union">Turkey could join Eurasian Union</a>&nbsp;were I tried to compare economy of Turkey by using GDP and GDP per capita for time period 2000-2012.</p><p>I found that Turkey might reach $1 trillion of GDP by the end of 2016, so did I found that Economy of Turkey has increased for about 3 times (2000-2012)</p><p>I did used…

Armenia, a small, landlocked country in the South Caucasus, joined the Eurasian Economic Union (EEU) in 2015. The EEU is an economic bloc that includes Russia, Kazakhstan, Belarus, Kyrgyzstan, and Armenia. Joining the EEU marked a significant shift in Armenia's foreign policy and has had major implications for its economy. One of the primary benefits of joining the EEU was improved access to the Russian market. Russia is a major trading partner for Armenia, and the EEU membership has…

Some time ago I did a comparison of minimum government set wages in Former Soviet Union republics. Today, I decided to figure out - what is the average salaries in those republics. I must admit, it was harder to gather data about average salaries, than gathering data for minimum wages. Seems governments are not eager to share such data. So in this average salary table you will find figures for 2012, 2013 and 2014. Unfortunately it makes this table not 100% reliable, but it gives us some…

Last year I started to pay more attention to the TOP 10 largest economies in the World by terms of Gross Domestic Product. It's time to compare them again. Top 20 Largest Economies In The World by GDP Nominal (2019) Gross Domestic Product in TOP 10 Largest Economies 2013 Rank Country 2012 2013 Growth bln $ Growth % 1 United States 16,244 16,800 556 3.42 2 China 8,229 9,240 1,011 12.28 3 Japan 5,937 4,901 -1,036 -17.44 4…

The BRICS countries, which include Brazil, Russia, India, China, and South Africa, are a group of developing economies that are expected to have a significant impact on the world economy in the coming years. This acronym was created in 2010 to represent the economies of these five countries, which have a combined population of over three trillion and represent about 40% of the world's population. The BRICS countries are also all G20 countries, making them a significant economic force in the…

In the wake of the recent power outage in Tbilisi, I decided to delve into electric power consumption in the Former Soviet Union (FSU) space. In this article, I explore the kWh per capita consumption in various FSU countries, based on data from the World Bank. Surprisingly, Russia, with a minimum wage of $160 per month, has the highest kWh per capita consumption, followed by Estonia, which has a higher standard of living. This article serves as a starting point to better understand the economy…

The GDP of the former Soviet Union countries has been a topic of interest for many economists, politicians, and individuals alike. The economic performance of these countries is seen as an indicator of their growth and development. In 2013, the GDP of the former Soviet Union countries was a mixed bag of growth and decline. This article will take a look at the GDP performance of these countries in 2013. Russia, the largest country in the former Soviet Union, had a GDP of $2.1 trillion in 2013…

The collapse of the Soviet Union in 1991 marked the beginning of a new era for the countries of the former Soviet Union. With the fall of the Soviet regime, many of these countries were left to fend for themselves, struggling to build new economies and establish new political systems. Today, the former Soviet Union countries are still grappling with the legacy of the Soviet era, and economic development remains a major challenge. In this article, we will take a look at the GDP per capita of…