The region sometimes referred to as the Commonwealth of Independent States saw most inflation rates fall nearly all currencies stabilize, and some economies grow. Foreign capital continued to bypass most of the region, however, and several countries were still plagued by energy shortfalls

You have reached a premium content area of TOL. To read this entire article please login if you are already a TOL subscriber.

Not a subscriber?

Annual membership costs only $55 per year for individuals ($33 for students) and organizational subscriptions start at $141 per year.

Subscribe today for access to:
Full access to the website, including premium articles videos, country reports and searchable archives (containing over 25,000 articles).

You can subscribe here to gain access to the entire website.