Trending
Trump signs executive order for deep-sea mining to compete with China
25 April 2025
Latest
Latest
- US threatens to give up mediation efforts unless Russia and Ukraine put forward "concrete proposals”
- Opinion: Trilateral meeting in Tbilisi - what does it mean for the South Caucasus?
- Mark Carney’s Liberal Party wins Election in Canada: World Leaders React
- Putin announces surprise ceasefire to coincide with Victory Day commemorations
- Opinion: Armenia–Turkey Normalisation Process: What Next?
- Monday Commentary: Is the Sahel Europe’s soft underbelly?
Theme
Economy
Stories related to finance and economics.
Trending
Monday Commentary: “Germany is Back on Track” ……..and Europeans should be Happy about it!
14 April 2025
On Wednesday (9 April) a new coalition government was announced in Germany bringing back a CDU chancellor working with the centre-left SPD as junior partners. It is an arrangement that Germans are familiar with. Many post-war German governments were similarly constituted, and the German people are comfortable with this arrangement. It buries the prospect of the far-right Alternative fur Deutschland (AfD), which came second in recent elections, having a role in government.
The 146 pages coalition agreement was hammered out in a relatively short time, with those negotiating fully aware of the urgency of giving the country a stable government at a time of global uncertainty and serious domestic challenges. “Germany is back on track” announced the Chancellor-designate, Friedrich Merz, who is expected to take office in early May. Europeans should be happy. A strong Germany is the backbone of Europe, and the new coalition is the best guarantee of that.
Filter archive
Trending
EU backs North Africa hydrogen pipeline
4 March 2025
Algeria, Tunisia, Austria, Germany and Italy have agreed to construct a hydrogen pipeline to bring clean fuel generated with renewable energy in North Africa to the European Union, in a move hailed as one of the bloc’s “most important renewable energy projects”. But analysis of Algeria and Tunisia’s green hydrogen strategies reveals that neither country is likely to be in a position to export the fuel in any meaningful quantity when the pipeline is due to start operating in 2030.
Trending
NGO work for millions of displaced people in Somalia paralyzed by USAID freeze
4 March 2025
In a desolate makeshift camp on the fringes of Somalia's capital, tens of thousands of internally displaced people sit under the baking sun not sure if they can have access to food rations and medication following U.S. President Donald Trump’s decree to freeze most of his country's foreign aid. Trump’s decision, which will remain in force for 90 days following his executive order of January 20, threatens to collapse the humanitarian aid economy that sustains the livelihoods of some of the world’s most vulnerable people. The U.S. provides more foreign aid globally than any other country, budgeting about $60 billion in 2023, or about 1 per cent of the U.S. budget.
Trending
Opinion: Below the radars: Growing Gulf Presence in the South Caucasus
28 February 2025
The past five years have marked a growing Gulf economic presence in the South Caucasus. Saudi Arabia and the United Arab Emirates have expanded their regional footprint through equity investments in Azerbaijan and Georgia’s transport and renewable energy sectors. Armenia has been a weak link in interregional chains due to conflict with Azerbaijan and its isolation from regional connectivity frameworks. Yet recently, Yerevan managed to establish profitable trade links to the Gulf, largely thanks to Western sanctions on Russia. The South Caucasus trio sees financial flows from the Gulf as necessary for successful economic diversification. For the Gulf countries, the South Caucasus provides an alternative market for strategic investments, which aligns with their long-term goals of projecting geo-economic influence and boosting trade.
Trending
Italian Senate adopts resolution supporting Armenia-Azerbaijan peace process
21 February 2025
The Italian Senate has adopted a resolution supporting the Armenia-Azerbaijan peace process, calling on the government of Italy to strengthen its commitment for both countries to abandon the use of force in the future and maintain peaceful, constructive and open dialogue. The resolution titled ‘On Initiatives to Support the Peace Process Between Armenia and Azerbaijan’ was adopted unanimously on the 19th of February.
Trending
Opinion: Research and Public-Private Partnerships Necessary For Any Future Armenia-Azerbaijan Border Markets
17 February 2025
Armenian passport control at the Bagratashen border checkpoint was confused and chaotic, quite unlike the experience on the other side at Sadakhlo in Georgia. Instead of the few minutes it should have taken, it took over twenty. It never had in the past. Perhaps preparations for a visit by the European Union delegation taking place just a few days later to develop a much anticipated Visa Liberalisation Action Plan (VLAP) had preoccupied them.
Trending
Pashinyan in Davos: Armenia’s foreign policy a balancing act between the West and Russia
23 January 2025
Speaking at the World Economic Forum in Davos, Switzerland, Armenian Prime Minister Nikol Pashinyan said Armenia has decided to adopt a foreign policy that is balanced between relations with the European Union and Russia. He added that balanced relations are also being created at the regional level notably with Iran, by establishing diplomatic relations with Turkey and concluding a peace deal with Azerbaijan. Pashinyan said this approach is not easy but also not impossible adding that Armenia is being transparent with all its international partners about its intentions. “Yes, we have decided to get closer to the European Union, but we are very intensively trying to share our position with Iran and Russia and with all our partners”, Pashinyan stated.
Trending
Consolidating relations between Georgia and Azerbaijan
20 January 2025
The working visit by the Prime Minister of Georgia Irakli Kobakhidze to Azerbaijan on January 17 suggests that both countries recognise that close cooperation is essential for ensuring stability and fostering prosperity in the region. During the visit, Kobakhidze met with Azerbaijani Prime Minister Ali Asadov and participated in a session of the joint intergovernmental commission, which included delegations from both countries. The discussions revolved around the partnership between the two countries, bolstering trade and economic ties, as well as expanding cooperation in the energy and transportation sectors.
Trending
Opinion: Growing dissatisfaction with status quo has propelled the rise of Călin Georgescu in Romania
7 December 2024
The first round of presidential elections in Romania that took place on the 24th of November had a shocking result: an independent ultranationalist candidate – Calin Georgescu – with a campaign solely on TikTok and YouTube won the majority of votes. The independent candidate had no party backing him and none of the pre-election polls picked up on his popularity, raising questions of potential electoral manipulation via social media.
Trending
European Union cancels 121 million euros in funding for Georgia
10 October 2024
The European Union has decided to cancel €121 million in funds intended to support Georgia's economic development and its aspirations for EU membership. The decision was confirmed by the EU delegation in Georgia, which said that the growing repression of dissent was the reason for the withdrawal of financial assistance.