Japan likely to increase defense spending due to isles row
Japan's government is likely to increase defense spending for the first time in 11 years, Japanese media reported on Saturday, as newly elected Prime Minister Shinzo Abe pledges a sterner response to a territorial dispute with China.
Iran Agrees To Fresh Nuclear Talks
Iran says it agrees in principle to resume international talks on its controversial nuclear program later this month.
Ukraine wants trade agreements with EU and Russia
Ukrainian President Viktor Yanukovich said his country planned to sign an Association Agreement with the EU in the course of 2013. But he also stressed that the country would develop its relations with Russia’s Custom’s Union in areas which do not contradict other “international obligations”.
Georgian President recalled ambassadors from several countries
Georgian President Mikheil Saakashvili recalled ambassadors from several countries, presidential administration reported.
Russia: Logistics key to retail expansion
Thanks to relative political stability and strong oil and gas prices, Russia's retail turnover more than quintupled from 2001 to 2011 and now exceeds US$600 billion annually. Data suggest that this sector is entering the steepest part of its growth curve. How will Russia's retailers face the challenges of this critical period of expansion? Will foreign retailers manage to get a slice of this growing pie?
Feasibility Study for Bulgaria-Serbia Gas Interconnection Completed
Bulgaria's Deputy Economy Minister noted that the existence of gas grid interconnections would give Bulgaria the opportunity to develop the gas market and to persuade the European Commission that it took the problem seriously.
Power pricing reform is necessary
The guidelines will abolish electricity and coal contracts from 2013. Coal companies and power plants will be able to settle coal prices through negotiations, says an article in 21st Century Business Herald.
Chinese companies helping Iran?
A major Iranian partner of Huawei Technologies offered to sell at least 1.3 million euros worth of embargoed Hewlett-Packard (HP) computer equipment to Iran’s largest mobile phone operator in late 2010, documents show.
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