Cyprus Announces New Bailout Plan, Drops Proposed Tax
President Nikos Anastasiades has announced an agreement between political parties in Cyprus to establish an "investment solidarity fund" as part of a new bailout plan.
Why is Iran Willing to Suffer Economic and Political Isolation just for Nuclear?
In the past year, tensions surrounding Iran’s nuclear ambitions reached unprecedented levels, verging on war. With Israel assigning a “red line” for Iran’s proliferation efforts, the world nervously awaited for a likely Israeli air strike on suspected Iran’s nuclear sites—with all of its enormous political and economic consequences.
EU threatens cut-off, talks with Russia continue
CYPRUS’S finance minister pleaded with Russia for help on Wednesday to avert a financial meltdown after the island's parliament rejected the terms of a European bailout, raising the spectre of a looming default and bank crash.
Ukraine Looks to Turkmenistan to Solve Its Energy Security Challenges
On February 12, Ukrainian President Victor Yanukovych paid a three-day visit to gas-rich Turkmenistan to sign a memorandum of understanding on energy cooperation and reiterate Kyiv’s interest in resuming direct imports of the Central Asian country’s natural gas, which were suspended in 2006 (Interfax-Ukraine, February 14).
The quiet global energy revolution
In all the noise of tomorrow’s Budget, many may not spot a small tweak to the fiscal regime for UK oil and gas. Those of us with a close interest in unconventional oil and gas, however, will be watching closely. Last year the Chancellor announced a consultation on a specific tax regime for onshore shale gas development, the results of which are expected on Wednesday.
Ukraine negotiating observer status in Customs Union
Ukraine intends to obtain observer status in the Customs Union of Russia, Belarus, and Kazakhstan, the country's premier has announced.
Economic cooperation strengthens between Latvia and Turkmenistan
Chairman of the Riga Shipyard of the Latvian Republic, Director of the Eiroholdings Company, Vasilijs Melniks, will hold meetings at the State Service of Maritime and River Transport of Turkmenistan and other agencies, State News Agency Turkmen Dovlet Khabarlary (TDH) reported on Tuesday.
China criticizes U.S. anti-missile North Korea plan
China said on Monday U.S. plans to bolster missile defenses in response to provocations by North Korea would only intensify antagonism, and urged Washington to act prudently
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