Articles by Luka Oreskovic



A Way Forward for Ukraine

Assurances from Ukrainian leaders that EU integration will bring prosperity will lead to anger when reality fails to match rhetoric.

A Silver Lining For Cyprus, Challenging Russian Gas

Natural gas discoveries in Eastern Mediterranean can permanently divide or reunify Cyprus. Long divided between the north and the south, the island's issues have caused deep rifts within the region. Can the exploration of natural gas increase stability in the eastern Mediterranean and change the energy geopolitics of the region and wider Europe?

Towards a Baltic Winter of Discontent?

As the European Union is currently facing a standoff with Moscow over the Eastern Partnership and regional trade deals, more Russian attempts to bully Europe with gas should perhaps be expected this winter.

Speaking Russian in Bulgaria: New Government, New Policy?

Considered the Soviet Union's "16th republic" in all but name, during Communist times Bulgaria was one of Russia's staunchest allies. After the democratic changes in 1989, the relations between the two countries were influenced by Bulgaria's new western course.

Privatization Alternatives From the Baltics: Part 2

In the first article on "Baltic Lessons on Privatization Alternatives, part 1" we briefly discussed Lithuania's experience in choosing an alternative to state-owned enterprise (SOE) privatization for supporting its budget.

Privatization Alternatives From the Baltics: Part 1

The persistence of state ownership among major Russian blue chip companies, ranging from energy to finance to infrastructure, is among the globally more prominent ones.

Moscow Calling: Rostelecom Privatization on the Horizon

Another Russian monopoly could undergo privatization this year. After announcements of plans to sell parts of, among others, the diamond company Alrosa and the country's second-largest bank VTB, the latter could play a crucial role in the privatization of a stake in Rostelecom, a land line national operator that might soon expand into mobile, boosting its valuation and, consequently, privatization prospects.

Shale Boom Forces Kremlin to Focus on Arctic

If developed properly, Arctic gas may turn Russia into a leading global LNG player.

World's Longest Privatization Process: Free Housing in Russia

Although one might not expect this, the State Duma rarely votes in unison. However, this week saw such an occasion, when all 444 Duma deputies voted yea to extend the Free Housing privatization extension.

Shopping in Europe: Gazprom Expands Southward, Welcomed by Croatian President

Russia's economic expansion strategy beyond its borders has stayed the same over the years. Champions of the Kremlin, such as Gazprom, Rosneft and Sberbank, acquire a dominant state-owned asset in their respective sector. After the initial deal, marked by notable leeway in terms given by the Russian side, fellow Russian investors, both public and private, rush in.

Russian Railways' Privatization Gone Off Track

In the privatization drive of 2012, President Vladimir Putin announced the government's intention to sell 25 minus one percent of Russian Railways, but plans have since gone somewhat off track.

Christmas Shopping in Europe: Russian Investors and European Privatizations

As most of Europe goes on a Christmas shopping spree, their governments hope the holiday season will spur enough consumption to protect them from the ill political fate of selling stakes in state-controlled companies.

Beyond the Washington Consensus: Rethinking Privatization and Nationalization Globally

When governments run into trouble they sell assets. This approach was core to the Washington Consensus, the set of 10 economic policy prescriptions favored by Washington-based institutions such as the IMF and the World Bank.

Beyond the Washington Consensus: Rethinking Privatization and Nationalization Globally

When governments run into trouble they sell assets. This approach was core to the Washington Consensus, the set of 10 economic policy prescriptions favored by Washington-based institutions such as the IMF and the World Bank.

Selling the Georgian Dream

Eight years ago, an enthusiastic crowd gathered in front of the Tbilisi parliament for Mikheil Saakashvili's presidential inauguration. "We must create the Georgia that our ancestors dreamed of," he told them, "the Georgia that we dream of."

Selling the Georgian Dream

Eight years ago, an enthusiastic crowd gathered in front of the Tbilisi parliament for Mikheil Saakashvili's presidential inauguration. "We must create the Georgia that our ancestors dreamed of," he told them, "the Georgia that we dream of."

Why the Kremlin Won't Privatize Rosneft

After World War II, French governments from both sides of the political aisle pursued a policy known as dirigisme. Dirigisme entailed consolidating fragmented industrial assets into large holdings, or "national champions,"that could carry long-term economic growth and speed up recovery in the postwar years. National champions to this day remain enshrined in the national conscience of the French people as proud symbols of French wealth, a family silver of sort. Selling the family silver usually doesn't make for a popular policy.

Why the Kremlin Won't Privatize Rosneft

After World War II, French governments from both sides of the political aisle pursued a policy known as dirigisme. Dirigisme entailed consolidating fragmented industrial assets into large holdings, or "national champions,"that could carry long-term economic growth and speed up recovery in the postwar years. National champions to this day remain enshrined in the national conscience of the French people as proud symbols of French wealth, a family silver of sort. Selling the family silver usually doesn't make for a popular policy.

Water Privatization in Russia: More Than a Drop in the Ocean

Without water, humans can only live for a few days. Yet only about 1 percent of the earth's water is suitable for human consumption. The global water supply sector holds great potential for growth but requires continuous, massive infrastructure investment.

Water Privatization in Russia: More Than a Drop in the Ocean

Without water, humans can only live for a few days. Yet only about 1 percent of the earth's water is suitable for human consumption. The global water supply sector holds great potential for growth but requires continuous, massive infrastructure investment.