The Economics of Geography

16/10/2023 10:15

The financial foundations of the new world order

The economic landscape is constantly changing, and cooperation initiatives are key to international relations. China is leading the way through the Asian Infrastructure Investment Bank and the Silk Road Fund, which aim to support and promote the Asian power's projects in foreign markets while successfully challenging the hegemony of US-dominated financial institutions.

16/10/2023 10:02

Crossroads and icons

In February 2021, former Prime Minister of Georgia and then-Minister of Defence Irakli Garibashvili returned to the Premiership after a six-year hiatus. A prominent figure in the ruling Georgian Dream party’s conservative wing, Garibashvili was given a mandate to break with the party’s erstwhile political ambiguity and embark on a truly traditionalist-conservative course. Garibashvili’s return to power and the ensuing ideological shift, while mostly aimed at domestic politics, would have strong impacts on Georgia’s foreign policy, particularly in Tbilisi’s relations with Asia and Central and Eastern European countries.

16/10/2023 06:00

Shared results, shared benefits

On the occasion of the tenth anniversary of the launch of the Belt and Road Initiative (BRI) and the 74th anniversary of the establishment of diplomatic relations between Hungary and China, Magyar Nemzeti Bank (MNB), the central bank of Hungary and the Embassy of China jointly organised a conference on 25 September in Budapest.

13/10/2023 19:20

China-Europe freight trains serve 25 European countries

China-Europe freight trains now reach more than 200 cities in 25 European countries, and more than 100 cities in 11 Asian countries and regions, after their operations started in 2013, Global Times reports.

09/10/2023 06:00

Beijing criticises US' move against Chinese companies

The US Commerce Department on Friday added 42 Chinese companies to a government export control list over their support for Moscow's military and defence industrial base - support that includes the supply of U.S.-origin integrated circuits.

08/10/2023 13:20

Azerbaijan, Turkey start construction of Nakhchivan gas pipeline

The long-planned pipeline will be able to supply Azerbaijani gas via Turkey to Nakhchivan, ending the exclave's dependence on Iran.

07/10/2023 05:23

Bangladesh receives first uranium shipment from Russia for nuclear power plant

Bangladesh has received the first Russian shipment of uranium fuel for its first nuclear power plant, making it the 33rd country in the world to produce nuclear energy, Al Jazeera reported on Friday.

05/10/2023 07:53

Hungarian MEP urges Brussels to use its brain in EU-China relations

The European Parliament held a plenary debate on the development of EU-China trade relations, the Fidesz EP delegation said in a statement. Fidesz MEP Enikő Győri pointed out that "we need to return to common sense and finally shape our trade relations with China on the basis of our own interests, not ideological considerations."

05/10/2023 06:00

United Arab Emirates: The link between East and West

The economic and geopolitical role of the United Arab Emirates (UAE) is today unquestionable: it is one of the world’s most important financial and FinTech hubs, and is also recognised as a leader in science, technology and sustainable development. Two of the country’s most important cities, Dubai and Abu Dhabi, have seized the opportunities of economic diversification and forward-thinking planning to become the most important financial centres in the Middle East and North Africa.

03/10/2023 07:00

The West has a challenger, but it will be a long fight

There is change in the air: trends have hastened the shift away from a Western-led global order. A sign of this is the recent BRICS summit, which decided to expand further, with Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates joining the organisation from January 2024.

03/10/2023 06:00

How Bangladesh is catching up

Over the past decades, the economies of many Eastern countries have grown on a massive scale. Of these, the catching-up of Bangladesh is particularly interesting.

28/09/2023 07:00

North Korea reopens borders to foreigners after three years

North Korea will allow foreign nationals to enter the country from Monday, after over three years of Covid-induced isolation.

27/09/2023 13:50

Turkish Airlines wins APEX World Class award for 3rd time

National flag carrier Turkish Airlines has won the APEX World Class award for the third time for its global leadership in guest experience and service quality in the aviation industry, according to a statement on Thursday, Anadolu Agency reported.

15/09/2023 14:24

Russian LNG exports increase, EU plans no ban

Exports of liquefied natural gas (LNG) from Russia have already increased by several percent since the year start, Russian Energy Minister Nikolai Shulginov said in an interview with Sputnik. European Union has no short-term plan to ban Russian LNG despite soaring imports to the bloc, Spain's energy minister Teresa Ribera told Reuters.

15/09/2023 14:13

Russia turns to the Far East

On September 10-13, Vladivostok hosted the 8th Eastern Economic Forum (EEF), attracting over 7,000 participants from the Asia-Pacific region. Russian President Vladimir Putin spoke about the changes in global economy and the emerging multipolar world order.

10/09/2023 16:42

New trade corridor planned between Türkiye, Saudi Arabia and the UAE

Turkish President Recep Tayyip Erdoğan announced on Sunday a major trade corridor project (global trade artery) to connect Türkiye with Saudi Arabia and the United Arab Emirates via Iraq.