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East Asia
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…
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Central Asia
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…
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Central Asia
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…
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West Asia
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…
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Central Asia
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…
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Central Asia
40% of Russians Struggle to Have Food and Clothes
More than 40 percent of Russian families struggle to find the money to buy food or clothes, a study by Moscow’s Higher School of Economics (HSE) revealed on July 27. The Moscow Times reported that the forty-one percent of Russians told researchers that they lacked money for food and clothes,…
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Central Asia
Russia restarts talks on economic cooperation program with Turkey
Russia will restart talks on the draft trade and economic cooperation program with Turkey for 2016-2019, the Russian Government said in the decree on trade and economic relations with Turkey, posted on the Cabinet’s website on July 22, TASS reports. “In accordance with introduced amendments the mixed intergovernmental commission on…
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Politics
“Brexit” England-France and China-Japan’s Bad Blood
Kim Kook-hyun – Director, Policy Planning Bureau of MND of Republic of Korea At the British Museum in London one can find the Rosetta Stone with Egyptian hieroglyphics on it. Taken by the British military in 1801 with the British defeat of Napoleon’s forces, the Rosetta stone forms the basis…
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South East Asia
Brexit: Less impact to Malaysian traders in short term
The Brexit or the British exit from the European Union (EU) in a historic referendum on 23 June 2016 has affected the money market (shares, bonds, debentures, derivatives) goods and services, property market/assets and labour market. The market shocks in the United Kingdom (UK) begin in the money market and…
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Central Asia
Erdogan, Putin to meet in first week of August
President Recep Tayyip Erdogan has arranged to meet his Russian counterpart Vladimir Putin within weeks, Turkish presidential sources said Sunday, Trend reported. The agreement came in a telephone call from Putin in which he gave his support to Turkey following Friday’s attempted coup. According to the source, who spoke on…
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