Armenian parliamentary elections were held on 6 May 2012. Five parties and a coalition won seats in Parliament. Three of them are opposition parties, two in the previous legislature were allies of the presidency party, the Republican Party. The latter comfortably won the elections. With 45% votes through the proportional system and 29 seats through the majoritarian one, the Republican Party has the absolute majority of seats, 69 out of 131. So the two main issues in Armenian foreign policy - the protracted conflict with Azerbaijan over Nagorno-Karabakh and relations with Turkey - will be addressed in continuity with the policy expressed so far by President Serzh Sargsyan, unless the regional counterparts change their strategies. With the party he chairs being confirmed as the leading political force of the country, Sargsyan will run for his second term in the upcoming presidential elections.
Partnership for Peace Consortium of Defense Academies and Security Studies Institutes
Abstract:
After twenty years of independence, the three counties of the South Caucasus-Armenia, Azerbaijan, and Georgia-continue to struggle with a daunting set of challenges. In light of several unresolved conflicts and profound deficiencies in efforts directed at democratic and economic reform, the South Caucasus continues to be a "region at risk." As if this rather bleak landscape was not enough, three more recent trends have emerged to further threaten the region's security and stability. The first trend, and one that is likely to have the most profound effects over the long term, is evident in a subtle shift in the already delicate balance of power in the region, driven largely by a steady surge in Azerbaijani defense spending and exacerbated by a lack of progress in the mediation of the Nagorno-Karabakh conflict. Since the 1994 ceasefire that resulted in the suspension of hostilities over Nagorno-Karabakh (but that did not definitively end them), this unresolved or "frozen" conflict has been subject to an international mediation effort conducted by the Organization for Security and Cooperation in Europe's (OSCE) so-called Minsk Group. This tripartite body co-chaired by France, Russia, and the United States seeks to engage and prod the parties to the conflict toward a negotiated resolution of the conflict.
Topic:
Conflict Resolution and Security
Political Geography:
Russia, United States, Europe, Caucasus, France, Armenia, Azerbaijan, and Georgia
Azerbaijan has been the fastest growing economy of the world and it increasingly attracts the interest of foreign investors. This paper analyses the Azerbaijani economy in transition from communism to capitalism over the past decade with a focus on investment climate. Facts and figures of the apparent economic miracle are presented and a number of political obstacles considered. Azerbaijan's transition towards a market economy has not gone very far and it is mainly slowed down by low levels of trust and high levels of corruption. There are also human rights issues and freedom or press is limited. Unless and until Azerbaijan deals with these problems, shadows will continue to loom over its economic miracle.
Topic:
Development, Economics, International Trade and Finance, and Foreign Direct Investment
Jean-Pierre Pagé, Anne De Tinguy, Jacques Sapir, Julien Vercueil, Hélène Clément-Pitiot, Matthieu Combe, Vitaly Denysyuk, and Raphaël Jozan
Publication Date:
12-2012
Content Type:
Special Report
Institution:
Centre d'Etudes et de Recherches Internationales (CERI)
Abstract:
Central and Eastern Europe and Eurasia Dashboard, 2012.
Topic:
Economics, European Union, Finance, and Regional Integration
Political Geography:
Russia, Central Asia, Ukraine, Caucasus, Moldova, Kazakhstan, Eastern Europe, Kyrgyzstan, Tajikistan, Uzbekistan, Armenia, Azerbaijan, Turkmenistan, Georgia, Central Europe, and Belarus
On December 16th, 2011, an 18 year long negotiation process regarding Russia’s WTO membership was finally brought to an end. Undoubtedly, Russia’s WTO accession is an important event both for the global trade system and for the country. With Russia now in the club, the WTO will control over 97 per cent of global trade.
Topic:
Globalization, World Trade Organization, Trade, and Economic Integration
Political Geography:
Russia, Central Asia, Eurasia, Caucasus, and Eastern Europe
Azerbaijan’s current fiscal stance is quite strong; however, this stability is completely based on oil-related revenues. In the meantime, the situation with alternative sources of fiscal revenues is uncertain. A large part of fiscal management is built on opacity and an assessment of budget spending efficiency has never been done. It is likely that Azerbaijan will only be able to maintain its fiscal stability through the next ten years or so, i.e. until the end of the active oil-extraction period. In the more distant future, a substantial fiscal correction will be necessary.
Topic:
Oil, Reform, Budget, Fiscal Policy, and Economic Stability
Political Geography:
Central Asia, Caucasus, Eastern Europe, and Azerbaijan
The 20th anniversary of the beginning of economic reforms in Eastern Europe and the Former Soviet Union provides a good opportunity to comment on the lessons of transition says Andrei Shleifer, a Professor of Economics at Harvard University. He made a top seven list, which might be useful to future reformers. Some of the issues are relevant not only for communist countries; the problems of heavily statist economies are similar.
Topic:
Development, Economics, Reform, and Trade
Political Geography:
Central Asia, Caucasus, Eastern Europe, and Post-Soviet Europe
The global economic crisis has created new challenges for education systems all over the world. The Former Soviet Union countries were confronted with an urgent issue, not necessarily specifically related to the crisis: to formulate and introduce new educational curricula, standards, and delivery models in order to adjust to the challenges imposed by the transition to the post-industrial stage of development. Irina Sinitsina summarised her chapter in the CASE Network Report No. 100 "The Impact of the Global Financial Crisis on Education Services in Economies of the Former Soviet Union" in this E-brief. Using the available data, she comes to the conclusion that during the crisis, the education system of FSU countries were not dramatically affected by overall budget cuts.
Topic:
Education, Financial Crisis, Social Policy, Social Services, Labor Market, and Post-Soviet Space