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Central Asia
Russia sacrificing Turkey due to a pilot’s mistake, Erdogan says
Turkey is ready to restore relations with Russia, but does not know what type of the first step Russia expects from Turkey, Turkish President Recep Tayyip Erdogan said. “I do not understand what kind of the first step is being expected from us. We are not a country that is…
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East Asia
Eurasian Economic Union to cooperate with China
China and the Eurasian Economic Union (EEU) will create trade cooperation for interests of the EEU members. EEU Supreme Council meeting was held in Kazakhstan on May 31. Member states discussed the new cooperation with regional countries. Russian First Deputy Prime Minister Igor Shuvalov said “It would be great to…
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Central Asia
GM Uzbekistan starts Chevrolet Aveo production
GM Uzbekistan, the former UzDaewooAuto, started the serial production of third-generation Nexia cars, Uzavtoprom (Uzbek Association of Automotive Industry Enterprises) said, Trend reports. The new model is produced on the basis of T-250 (Chevrolet Aveo) platform. The cars will be sold under the Ravon Nexia R3 brand for export and…
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Central Asia
Turkey and Russia can work together, Turkish FM says
Mevlut Cavusoglu, Foreign Minister of Turkey proposed to establish a joint working group with Russia to restore relations on May 30. He told journalists, “Russian President Vladimir Putin said he wants to restore ties and expects us to take steps. We also seek normalization. We suggest creating a joint working…
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East Asia
Top 7 saving countries in Asia
Seven Asian states are the best saving countries in the world with gross national saving, a measure that accounts for both private and public savings according to the data from the International Monetary Fund (IMF), reports Business Asia One. According to the data, China saves the most money in absolute…
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Central Asia
Putin says Russia ready to restore relations with Turkey
Russian President Vladimir Putin stated that Moscow is ready to normalize relations with Turkey, but the first step should come from Ankara. During the visit to Greece, Russian leader told that it is still unclear why Turkey downed Russian Su-24 aircraft. According to him, Moscow wants to restore relations, “We…
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Taxation must be applied to offshore, Nazarbayev says
Astana, the capital of Kazakhstan hosted the economic and political event, Astana Economic Forum on May 25-26. The theme of the forum is “New economic reality: diversification, innovation and knowledge economy” and major economy experts, analysts, financial institutions, and organizations attended the program. During his speech, Nursultan Nazarbayev, the President…
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West Asia
Iranians consume 60 million liters of alcohol annually
Iranians spend about $216 million on alcoholic drinks and 60 million liters of alcohol is consumed in the country annually, Mohammad-Reza Qadirzadeh, the official of the Iranian Legal Medicine Organization (ILMO) said. He said, “Most of the alcoholic drinks made clandestinely and sold illegally, are found to contain harmful substances…
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“Turkish people lost their hopes for EU”
Mr. Yusuf Cinar is the president of International Institute of Strategic Outlook, a Turkish think tank based in the city of Konya. He is one of the most prominent Turkish experts on terrorism and Middle Eastern politics. His book titled The Tamil Problem: Historical Progress, Conflict Process, And Solution is…
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East Asia
Will ‘Made in India’ replace ‘Made in China?’
(People’s Daily Online) Indians like to call their country “Incredible India.” Now, another tagline, “Made in India,”is set to become an important label for this country after business magnates Terry Gou andTim Cook showed interest in moving their production plants to India. Last week, Cook, who is the CEO of…
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