Russian state-run gas giant Gazprom has cut its investment program in response to the difficulties it faces in the current economic downturn. These cost-saving measures contrasted sharply with Gazprom's pledge last year to become the world's largest company. Such efforts were supported by the Russian government. On July 13, the cabinet approved Gazprom's revised investment program worth 775 billion rubles ($25 billion) or 15.8 percent down from its 920 billion rubles ($29.7 billion) planned earlier. At a cabinet meeting, Prime Minister Vladimir Putin conceded that Gazprom's January-June 2009 production was 20.8 percent down year-on-year. However, Putin voiced confidence that Gazprom's production and sales will return to their pre-crisis levels eventually. READ MORE

Georgia remains in the focus of international policy and Mass Media. Current processes in the country incite ambiguous reaction, assessments among the upholders of the President Saakashvili as well as among his opponents. After the war in August of 2008 with Russia, Georgia lost 20% of its territory. One of the most famous Georgian politicians Nino Burjanadze gave an interview exclusively on her view on current situation and future prospects in Georgia. In 2008 she established and headed the opposition party “Democratic Movement “Edinaya Gruzia” (“United Georgia”). READ MORE

During the interview for the agency Novosti Armenii – NEWS.am (Armenia News – NEWS.am) the Co-Chairman of the OSCE Minsk Group, the deputy assistant of the US Secretary of State Matthew Bryza revealed some interesting facts and nuances about negotiations between Azerbaijan and Armenia on Karabakh conflict regulation. READ MORE

On 12 August, Lithuania’s Minister of Foreign Affairs Vygaudas Ušackas met with the United States’ Assistant Secretary of State Philip H. Gordon, who heads of the Bureau of European and Eurasian Affairs.  The meeting was held in the Utena Region. READ MORE

Ukrainian political analysts commented on the statement of Russian President Dmitry Medvedev, who accused current Ukrainian Government of leading anti-Russia course and announced the decision to postpone the coming of new Russian Ambassador to Ukraine. READ MORE

Ukraine is currently negotiating visa-free travel with the EU as part of a wide-ranging association agreement, as some of the country's politicians express hopes for a clearer "European perspective". EurActiv outlines various scenarios for Ukraine's expected rocky path towards closer EU integration. READ MORE

The USA have no economic interests in the Nabucco gas pipeline project, as well as there was no economic interest in the oil pipeline Baku-Tbilisi-Ceyhan. This was stated by Zeyno Baran, the Director of the Center for Eurasian Policy at the Hudson Institute. According to Zeyno Baran, who is also a wife of the US State Secretary Deputy Assistant Matthew Bryza, Washington has a pure political interest in these projects. “We should assure for the countries of Caucasus and Central Asia, through the territories of which Nabucco pipeline will be laid, have no fear to become dependent of Russia”, - she noted. READ MORE

Turkmenistan’s pledge to take Azerbaijan to court over the two countries’ rival claims to Caspian Sea oil fields has sparked more confusion than anger in Baku. Some Azerbaijani experts even believe that an international arbitration hearing could prove the best way to resolve a long-standing energy dispute. READ MORE

Russia has signed an agreement with Turkey to build the South Stream undersea gas pipeline in Turkish waters. The deal comes one month after Turkey signed transit accords for the rival European-backed Nabucco pipeline. READ MORE

Why does OSCE equalize Communism to Nazism? READ MORE