Archive - Dec 13, 2013


Global recession from West to East

By Pr.Kamran Dadkhah, Senior Economist

There seems to be pessimism in the air regarding the economic prospects of the West and by extension the world. In its recent report, the Organization for Economic Co-operation and Development (OECD) revised downward its estimates of growth for many countries. It lowered the overall growth rate forecast of the Euro Zone for 2013 and 2014 each by 0.5 per cent. For the entire OECD, the forecast has been lowered by 0.6 per cent for 2013 and 0.2 per cent for 2014. READ MORE

EU countries ask for help to escape from South Stream 'mess'


Six EU countries are in "a mess" over the bilateral deals they signed with Russia on the South Stream gas pipeline, with Bulgaria the most desperate to get EU help, European Commission officials told. READ MORE

Exclusive: Iran’s Foreign Minister Says Sanctions Would Kill Nuclear Deal

By Robin Wright

In a wide-ranging interview with TIME in Tehran , Iran’s Foreign Minister Mohammed Javad Zarif spoke to writer and Iran expert Robin Wright about how the Geneva nuclear deal came together, how the government has to appeal to Iran’s own parliament not to undermine the interim pact, and how any new sanctions passed by the United  States Congress would kill the deal. READ MORE

Kazakh Kazakhmys sells energy assets to Samruk-Energo

By Elena Kosolapova

Kazakhstan's Metallurgical Corporation Kazakhmys has entered into an agreement to sell the group's remaining 50 percent interest in Ekibastuz LLP and 100 percent of the issued share capital of Kazhydro to Kazakh Samruk-Energo, the company reported on Dec. 9. READ MORE


By Thomas Jarvi

There is still no clarity on the construction of the new Visaginas nuclear power plant in Lithuania .. Position of the incumbent Prime Minister Algirdas Butkevicius and remains uncertain, despite all the statements about the strategic importance of this object. Lithuania until the end unable to agree with the other Baltic countries - Estonia and Latvia , about their participation in this project . READ MORE