For Russian oil companies, the business climate in Europe is good, but a lot of fallacious information about the country still needs to be countered, Vagit Alekperov, founder and president of Lukoil, Russia's largest oil company, told n interview. READ MORE

Thank you, Mr President, and thank you for that very warm welcome. I can tell from your enthusiasm and the enthusiasm of the entrepreneurs that I met outside this incredible building that there is an enormous spirit of enterprise and entrepreneurialism and industry and business and trade here in Turkey, and that is one of the reasons that I want our two countries to build this incredibly strong relationship that I will be speaking about... READ MORE

This summer's Kyrgyz-Uzbek clashes in southern Kyrgyzstan presented the gravest threat to Central Asian security since the Tajik civil war of the 1990s. Reportedly, about 3,000 people died and more than 300,000 were displaced in the violence. While some stability emerged after the bloodshed and following a national referendum legitimizing the new government, the urgent needs for speedy reconstruction of the destroyed infrastructure and for reconciliation between the two ethnic groups present daunting security challenges. READ MORE

Russia and Bulgaria have established a framework of agreements regarding the Bulgarian section of the South Stream gas pipeline and new gas contracts. But the negotiation process is still far from over, write Ewa Paszyc and Tomasz Dąborowski for Polish think-tank the Centre for Eastern Studies (OSW) in a July commentary. READ MORE

Germany reiterated its position on Wednesday that it wants Turkey to be bound to Europe but added that it is not yet ready for EU membership. “Turkey's direction is Europe. We place great importance on deepening mutual ties and binding Turkey to Europe,” German Foreign Minister Guido Westerwelle told a joint news conference after breakfast with his Turkish counterpart, Ahmet Davutoğlu, in İstanbul. READ MORE

The Organization for Security and Cooperation in Europe (OSCE) has agreed to "deploy without delay" a police advisory group to southern Kyrgyzstan. READ MORE

The US Ambassador to Tajikistan, Ken Gross, announced on June 25 that the US plans to open a military training center in Tajikistan pending the signing of related agreements with the Tajik side. The proposed center, to be located 45 kilometers (km) from the capital, Dushanbe, would provide Tajik armed forces with counternarcotics and antiterrorist training. Gross emphasized that the center, with a price tag of $10 million, did not seek to establish a US military presence in Tajikistan. READ MORE

Sikorski  tour to Caucasus
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Having already been pummeled by rising fuel prices and political instability in recent months, the creation of a Customs Union among Belarus, Kazakhstan and Russia threatens to deal yet another economic blow to Kyrgyzstan, and is exerting pressure on Bishkek to decide whether to cast its lot with Moscow or the West. READ MORE

The EU also approved a new list of sanctions against Iran. READ MORE