• 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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  • Central Asia

    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,…

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  • East Asia

    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…

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