The Economics of Geography

China EV maker BYD to build $1 billion plant in Türkiye
09/07/2024 14:47

China EV maker BYD to build $1 billion plant in Türkiye

Chinese electric vehicle manufacturer BYD Co Ltd agreed with the Turkish government to build a $1 billion production plant in Türkiye with an annual capacity of 150,000 vehicles.
Central Asia boosts connectivity with Europe
22/06/2024 22:39

Central Asia boosts connectivity with Europe

Uzbekistan and Kazakhstan are both making efforts to improve transport links with Europe.
Moscow stock exchange stops trading in dollars and euros<br>
13/06/2024 13:45

Moscow stock exchange stops trading in dollars and euros

The Moscow stock exchange announced on Wednesday that it will stop trading dollars and euros from Thursday, June 13. The announcement came on the same day the United States introduced a new package of sanctions against Russia.
Chinese CNPC considers gas cooperation in Turkmenistan
11/06/2024 20:13

Chinese CNPC considers gas cooperation in Turkmenistan

Turkmenistan is discussing bilateral cooperation in the gas sector with the China National Petroleum Corporation (CNPC). This was a key agenda during a meeting between Ashirgulu Begliyev, Advisor to the President of Turkmenistan on oil and gas matters, and Chen Huailong, General Director of CNPC's local branch, along with Chinese Ambassador to Ashgabat, Qian Naicheng.
Putin: Russia’s economy surpasses Japan, Germany
09/06/2024 14:38

Putin: Russia’s economy surpasses Japan, Germany

Russia’s economy has already overtaken Japan and Germany, but it needs to sustain this growth going forward, Russian President Vladimir Putin said at the plenary session of the St. Petersburg International Economic Forum (SPIEF).
Central Asian GDP climbs 70 percent to $450bn over seven years
06/06/2024 18:52

Central Asian GDP climbs 70 percent to $450bn over seven years

Over the past 6-7 years, the GDP of Central Asian countries has surged by 70 percent to exceed $450bn, with intraregional trade more than doubling to $11bn and total foreign trade turnover nearly doubling to $225bn, according to International Institute for Central Asia (IICA).
The sanctions policy has failed
31/05/2024 10:54

The sanctions policy has failed

It is now clear that the sanctions have not bankrupted Russia, nor have they caused major damage to its economy. In fact, European economies seem to have suffered more from the measures they themselves imposed. If relations between the West and China were to drift further away and the EU were to try to take similar measures against China, the consequences would be disastrous.
Redefining international trade
31/05/2024 10:50

Redefining international trade

We spoke to Bruno Lanvin, President of IMD's Smart City Observatory about de-risking, competitiveness and how the world trade changes, on the sidelines of the Budapest Eurasia Forum.
Bad fuel in a good engine
31/05/2024 10:46

Bad fuel in a good engine

Just like the European Union as a whole, the German government is divided on how to deal with an economically growing China. The Socialists are seeking closer ties with the Asian power, while the Greens are taking a more critical approach.

Central bank governor hails new era in Chinese Hungarian cooperation
30/05/2024 20:29

Central bank governor hails new era in Chinese Hungarian cooperation

Hungary's example shows that cooperation with China is a win-win-win situation for all parties, György Matolcsy, the central bank governor, told CGTN during his visit to China.
Saudi Arabia's aviation sector contributes more than $20bn to economy
27/05/2024 17:43

Saudi Arabia's aviation sector contributes more than $20bn to economy

Saudi Arabia's aviation sector has contributed $20.8 billion to its gross domestic product, reflecting the key role it plays in the Arab world's biggest economy, a report from its regulator has shown.
Turkish Airlines carries nearly 26 million passengers in January-April
25/05/2024 11:02

Turkish Airlines carries nearly 26 million passengers in January-April

The number of passengers Turkish Airlines carried in the first four months of 2024 increased by 8 percent from a year ago to 25.94 million.
Szijjártó: Hungary example of East-West cooperation benefits
24/05/2024 23:07

Szijjártó: Hungary example of East-West cooperation benefits

Hungary is “an excellent example for the benefits cooperation between East and West could yield,” Péter Szijjártó, the minister of foreign affairs and trade, said on Thursday adding that Hungary “seeks to stay in the forefront of that trend in future.”
Emirates airline reports record $4.7B profit as Gulf competition heats up
17/05/2024 16:10

Emirates airline reports record $4.7B profit as Gulf competition heats up

The Dubai-based airline has posted strong performance figures in recent months.
Russians who fled war return, boosting the country's economy
11/05/2024 08:00

Russians who fled war return, boosting the country's economy

As many as a million Russians fled for abroad in the first year of the war in Ukraine. Now, thousands are returning home, boosting Russia’s economy.
Hong Kong economy sustains growth as tourism, stocks rebound
10/05/2024 08:00

Hong Kong economy sustains growth as tourism, stocks rebound

The Hong Kong economy has seen five consecutive quarters of growth, primarily driven by a revival of inbound tourism alongside the continued recovery of the stock market.

We use cookies on our website. If you consent to their use, we use them to measure and analyze the use of the website.
Information and Settings

Accept