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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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East Asia
Georgia and Japan to implement common project
The Project for Provision of Medical Equipment to Georgia Red Cross Primary Health Clinic in Dedoplistskaro (Georgia), which was implemented within the framework of “Grant Assistance for Grassroots Human Security Projects” of the Government of Japan. The Opening Ceremony was held in the town of Dedoplistskaro (Georgia) on 8 July…
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Iran, Azerbaijan, Russia presidents to discuss north-south corridor
Presidents of Iran, Azerbaijan and Russia are scheduled to discuss the completion of north-south corridor in an upcoming tripartite meeting, Azerbaijani Foreign Minister Elmar Mammadyarov said on July 12. He made the remarks in a meeting with his Russian counterpart Sergei Lavrov, IRNA reports. Mammadyarov said that the north-south corridor…
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Central Asia
Russia to spend $15.6 bln on defense industry development
The Russian government will allocate 1 trillion rubles ($15.625 billion) for the development of the domestic defense industry, Prime Minister Dmitry Medvedev said at a meeting with members of the ruling United Russia party on July 11. “This year, the government has approved a new version of the program for…
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