Azerbaijan, Turkey and Russia to create trilateral co-op
Azerbaijan, Turkey and Russia will create a trilateral format of cooperation, President of Turkey Recep Tayyip Erdogan said in St. Petersburg during a joint press conference with Russian President Vladimir Putin, Trend Agency reports. Baku hosted a trilateral summit of the presidents of Azerbaijan, Russia and Iran – Ilham Aliyev, Vladimir Putin and Hassan Rouhani […]
Koreans make a beeline for Georgian honey
By Rachel Lee – The Korea Times Georgia boasts a long history of beekeeping and is proud of its “genuine” honey that has made a promising start in the Korean market, a Georgian envoy says. Ambassador to Korea Nikoloz Apkhazava said honey had many health benefits and Koreans were choosing his country’s 100 percent pure […]
Everyday with Samsung in Iran
Alireza Bahrami/Iranian Journalist Editor-in-chief of ISNA (Iranian Students’ News Agency) “Samsung” has become a part of Iranian culture while an issue, which did not exist in the history of a nation, needs some factors to be a part of that culture. The presence of this brand is undeniable among Iranian people and it has become […]
New energy industry: Korea’s next growth engine
By Joo Hyung-hwan – The Korea Times Korea has never stopped seeking fast-growing sectors for targeted investments that can provide new impetus to the country’s economic growth. As its latest initiative for a new growth engine, the Ministry of Trade, Industry and Energy (MOTIE) unveiled a detailed investment plan on July 5 to promote the […]
Japan to invest $10bn in Iran
Iranian officials declared that Japan to move faster on presenting a credit package worth $10 billion for investment in Iran. Mehr New Agency reports that Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia touched upon negotiations with Japan over investment in Iran’s oil industry adding that “Japan has always been good trade partner […]
In Search of Korean values
Michael Breen – The Korea Times In its research last year to develop the new national brand ― Creative Korea ― the Ministry of Culture, Sports and Tourism came up with three key national values: creativity, passion and harmony. But are these really the core values of Korea? Harmony could be. It fits with the […]
Moscow, Ankara discuss construction of two lines of Turkish Stream
Russia and Turkey are discussing the construction of two lines of the pipeline Turkish Stream, one of which is to supply gas to Europe, Energy Minister Alexander Novak said in an interview with Rossiya 24 TV channel on July 29, TASS reports. “Overall, we are currently talking about the construction of two lines. The second line is for European customers, […]
Turkey loses $209 mln 2016 due to food embargo
Turkey lost $209 mln in the Q1 of 2016 due to the Russian food embargo on imports of certain food items imports to the country, Russia’s Economic Development Ministry said in its report for January – June 2016, TASS reports. “Import of goods prohibited from January 1, 2016, to enter the Russian Federation from Turkey, […]
Azerbaijan allocates $850M for refinery construction in Turkey
Azerbaijani State Oil Fund (SOFAZ) has allocated $844 million as of July 1, 2016, as part of the country’s financing the project of construction of a new oil refinery of Azerbaijan’s SOCAR in Turkey, SOFAZ told Trend. In accordance with the decree of Azerbaijani President Ilham Aliyev on additional measures to support the participation of […]
87% of Turkey’s Baku-Tbilisi-Kars railway section ready
87% of the Baku-Tbilisi-Kars (BTK) railway has been constructed in Turkey, the Turkish minister of transport, shipping and communications, Ahmet Arslan said, Vestnik Kavkaza reports. “The BTK is being constructed on the schedule,” the minister said, adding that two bridges are being built over the Kars river. The minister stressed that the BTK railway project […]
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