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East Asia
First stock of Georgian Nabeglavi appeared in Korea
Caucasus Business Week reports that the increased demand on mineral water in Korea might be satisfied by Georgian products. Company “Premier Water International” has already implemented export of first stock of Georgian mineral water “Nabeglavi”. The company holds negotiations on product supply with one of the largest trade centre in…
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West Asia
Why anti-corruption protests are rising in Armenia?
Vestnik Kavkaza – On July 17, 2016, 12 Armenian anti-government activists raided a police station in Yerevan and took nine police officers hostage. After storming the station, the hostage takers urged the Armenian government to release right-wing opposition leader Jarir Sefilian from prison and called for Armenian President Serzh Sargsyan’s…
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Central Asia
Uzbekistan completes the high-speed railroad
The national railroad workers are completing a project aimed at launching a new high-speed railroad between Tashkent and Bukhara, Jahon Agency reports. As part of this initiative, a new site, Marakand-Navoi, spanning 140.2 km was built from the beginning of the year. Now the railroad line from Navoi to Bukhara…
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West Asia
Two Azerbaijani banks declared bankrupt
Two Azerbaijani banks, the Caucasus Development Bank and AtraBank, licenses of which were revoked by the Central Bank of Azerbaijan (CBA) in January 2016, have been declared bankrupt, said Azerbaijan Deposit Insurance Fund (ADIF) in a message Aug. 17, Trend reports. The message said the decision on the banks’ bankruptcy…
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Central Asia
Kazakh president to visit Azerbaijan and Armenia
President of Kazakhstan Nursultan Nazarbayev will visit Azerbaijan, Serbia, Armenia and a number of other countries in 2016, Kazakh Foreign Minister Erlan Idrissov said at a briefing Aug. 17, Trend reports. In June, Idrissov said Nazarbayev will visit Japan, South Korea, Saudi Arabia and Jordan in 2016. The Kazakh president…
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Central Asia
Iran Ready for Oil Swap with Caspian Neighbors
An official with the Iranian Oil Terminals Company (IOTC) says Iran can swap up to 120,000 b/d of crude oil with its northern neighbors at North Oil Terminal, Shana reports. Hamid Reza Shadoust, a local IOTC official in the city of northern city of Neka, said on August 16 that…
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East Asia
S. Korea’s agriculture ministry launches Chinese website
South Korea’s agriculture ministry said Wednesday it has launched its Chinese website (chinese.mafra.go.kr) in the latest move to provide better information on the country’s agricultural products. The Ministry of Agriculture, Food and Rural Affairs said it plans to boost exchanges and cooperation with China in the agricultural sector. The ministry…
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East Asia
North Korea’s foreign trade
Recent economic sanctions created serious problems with exports of minerals from North Korea. Technically UN member countries are banned from importing North Korea minerals even though in practice it remains to be seen to what extent this ban will be observed by China. Nonetheless, there is no doubt that the…
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East Asia
Is Mongolia really facing an economic recession?
The UB Post – Khaliun Chimeddorj Minister of Finance B.Choijilsuren made a statement to the public to present information about the nation’s current socio-economic, budgetary, and financial conditions, after which, many people started asking if the country’s economic situation was truly in critical condition. MONGOLIA’S ECONOMIC GROWTH The Minister said…
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East Asia
Future of China-NK relations
Lee Seong-hyon – The Korea Times Most Western experts describe China’s North Korea policy as a failure. If that is the case, China has had many failures, not just one. Combing through Sino-North Korean history, we discover a series of intriguing relational hiccups between the two, with their relations fluctuating between…
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