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Economy & Business

Sanctions, sanctions everywhere

On February 24, 2023, the US Government alongside G-7 leaders announced via a White House statement a new set of trade and economic measures...

Russia’s war in Ukraine and high fertilizer costs are causing global food crisis

Russia’s war in Ukraine and high gas prices have boosted the cost of fertilizers having a major downstream effect on the global food supply,...

Free Trade: The magic potion against economic decline

Despite rising internal and external nationalistic pressure, leaders on both sides of the Atlantic should remember that in a time of increasing hostilities from bad actors, retaliatory protectionism toward our allies will do nothing but ensure mutual decline.

A Belarusian politician, fraudster and businessman kept money in Credit Suisse

It was the last summer day of 2008. An Audi was waiting in line to leave Belarus for Poland. Petr Kalugin, a House of Representatives deputy,...

Goodbye, Jumbo

The 747 aircraft design has had a total production run of 54 years, with 1,574 aircraft delivered including the US President’s Air Force One, along with several replacements, making it the aviation industry’s most important workhorse of the 1980s-90s.

Bulgaria again heads towards elections

Bulgaria is now moving towards its fifth parliamentary election in two years as a result of the failure of the latest group of elected...

Croatia advances to the EU mainstream

 Croatia took a decisive step January 1 towards the mainstream of the European project by adopting the Euro as its currency while at the...

Chinese operatives accused of supporting Huawei in the US

Chinese spies were conducting foreign intelligence operations to impede an ongoing investigation involving the technology and communications firm Huawei.

Miami morphs into a global business hub, can it last?

Due to Florida’s less stringent COVID restrictions, a political strategy driven by the state’s Republican governor, Florida became a vastly more attractive location for individuals able to work remotely.

Time to listen to the voice of freelancers

It is of utmost importance that politicians do not create a legislative framework which forces all workers into an outdated 9 to 5 model.

Major Japanese auto companies giving up on Russia

Toyota and Nissan, two major Japanese automakers with substantial manufacturing capacity, pulled out of Russia after both claimed that carrying out any future business...

The global energy crisis is negatively impacting Italy’s wine industry

Rising costs of almost €1.5 billion are facing the Italian wine industry as a result of the ongoing gas and energy crisis and now...

Europe’s agricultural sector is crying out for support amid energy and food crises

Europe’s energy crisis – which has been sparked mainly by Russia's invasion of Ukraine and President Putin’s subsequent curtailing of natural gas flows to...

Growing agricultural productivity in Brazil: Efficiency, innovation and sustainability

50 years ago, my country relied on food imports to feed itself. Today we feed 10% of the world’s population. Let me tell you about...

Food for thought

It is late, but at long last, the world is waking up.“Conflict in Ukraine fuels uncertainty for agriculture”“Ukraine War to compound hunger,...

As war in Ukraine disrupts the global food system, how do we feed the world?

Even before Russia invaded Ukraine, the world’s food supply chains had been severely disrupted by the Covid pandemic. Now the war has derailed Ukraine’s agricultural...

Kazakhstan, Azerbaijan, Turkey focus on Trans-Caspian International Transport Route

Strengthening regional connectivity, Kazakhstan, Azerbaijan and Turkey focused on the development of the Trans-Caspian International Transport Route, which is of crucial importance for increasing...

Aktau becomes Kazakhstan’s first port to receives Green Certification from OSCE

Aktau Commercial Sea Port has become the first port in Kazakhstan to receive the Ports Environmental Assessment System (SEEP) certification and EcoPort status from...

EU interested in developing transport and transit cooperation with Kazakhstan

An international forum in Brussels highlighted the role of strengthening of trade and supply chains between Europe and Asia through the expansion and integration...

EU-Kazakhstan to discuss transit strategy and Middle Corridor development

The first major discussion in Brussels on Kazakhstan’s transit strategy and the development of the Middle Corridor will take place in Brussels, Belgium on...

Commission to launch proposal for revision of tobacco excise directive by Oct. ’22

The European Commission announced that the proposal for the revised tobacco excise directive will be made public at the beginning of 2022's fourth quarter...

How China took over the WTO behind the West’s back

Last year marked the 20th anniversary of China’s entry into the World Trade Organization, a result that followed 15 arduous years of negotiations. Many...

Moscow drains dwindling reserves to avert default

With most of its foreign currency reserves held abroad frozen by Western sanctions and inaccessible, Moscow was forced to tap its precious domestically held...

The Pandora Papers: Exposing Iran’s clandestine financial system

As the international community continues to coordinate a response to the recent Russian invasion of Ukraine, longstanding debates surrounding sanction efficacy and compliance have...

Sanctions expand as Russia approaches major default

No American President ever travels to Europe without a bag full of so-called “deliverables” and US President Joe Biden duly arrived in Brussels last...

Pressed by sanctions, Russia narrowly escapes default

While the global sanctions campaign against Russia is not yet a month old, investors and sanctioneers held their breath this week as Russia struggled...

Russia sanctions – Now comes the hard part

As Russia’s invasion of Ukraine moves into the third week, a broad network of financial, travel and trade sanctions has been established in fairly...

The economic bearpit – When “over there” becomes “over here”

An apology – with a ghastly diet of death, destruction and depravity currently raging around us, it may seem callous to examine the economic...

Italy’s Foreign Affairs Undersecretary discusses the importance of strengthening ties with Uzbekistan

Amid new efforts by Uzbekistan to build ties with the EU, New Europe spoke with Manlio Di Stefano, Italy's Undersecretary for Foreign Affairs, about...

Sofia and Skopje begin joint effort to resolve conflict

Hoping to generate enough material to prevent Sofia’s cadre of Balkan reporters from decamping to nearby ski resorts, the governments of North Macedonia and...

Spanish scheme to support intelligent transportation systems gets EU nod

A €20 million Spanish scheme made available through the Recovery and Resilience Facility (RRF) supporting the deployment of intelligent systems that will provide enhanced...

The year of the squeeze

Few of us will mourn the passing of 2021. However, as the New Year party balloons lie flaccid on the floor, there seems little...

Ireland’s climate action plan must look beyond de-growth led by the state

The Republic of Ireland has committed to reaching carbon neutrality by 2050, after the coalition government of Fianna Fail, Fine Gael and the Greens...

New railway agreements reveal the contours of Central Asia’s rapid integration

The information war is so intense nowadays that unsung melodies are often more alluring that the sung ones. The lines from English poet Shelley’s...

Will Central Asia serve as Europe’s bridge to Afghanistan?

Just over one month on from the fall of Kabul, Europe is still grasping for answers to the question of how to engage in...

The great European stagnation

Over the last 18 months, most governments across Europe have intervened in their economy more heavily than at any other time in the previous...

Greek Foreign Minister Dendias chasing shadows in Skopje?

Greek Foreign Minister Nikos Dendias traveled to North Macedonia August 31, for a hastily scheduled official visit to the country while his own capital...

Economic progress and political reforms give post-Soviet space reason to celebrate

On August 30th, Kazakhstan celebrated one of the country’s most important holidays—Constitution Day, which commemorates the adoption of the 1995 constitution which confirmed the...

As the Gulf recovers, knowledge-based economies prove the way forward

As the world economy slowly emerges from the COVID crisis, it is the Gulf region that is making the most impressive rebounds. At the beginning...

How the Austrians and their Chancellor charmed the Arabs

In late July, the Austrian capital of Vienna hosted a special guest. It was none other than the Crown Prince of Abu Dhabi. The...

A fiscal pandemic on the EU’s eastern border may eventually strike at the heart of Europe

The economic crisis in the European Union that was caused by the fallout from the COVID-19 pandemic has slowly started to subside after months...

Must “resource cursed” countries always suffer the double jinx of conflict traps?

A “resource cursed” country is one in which an abundance of natural resources fosters worse development outcomes than those without.  Often termed “the paradox...

Amazon wins EU court appeal in Luxembourg tax case

An EU Court said on Wednesday that the Commission failed to prove that Amazon was granted an illegal tax advantage, annulling the EU Executive's...

Commission proposes to ease restrictions on non-essential travel to the EU

Almost 15 months after Europe effectively closed its borders to the outside world in its efforts to curb the spread of COVID-19, the European...

Check the Czechs

With the Czech Republic having the dubious honor of hosting the latest chapter in the ongoing saga of the West versus Vladimir Putin's Russia...

Uzbekistan’s key priorities for the comprehensive development of transport corridors in Central Asia

Over the past 4 years, Uzbekistan under the leadership of President Shavkat Mirziyoyev has been carrying out systemic reforms aimed at liberalizing and modernizing...

With GSP+ beneficiary status, Uzbekistan takes major step towards closer relations with Europe

A decision by the European Union to include Uzbekistan as the ninth beneficiary of its Special Incentive Arrangement for Sustainable Development and Good Governance,...

The EU and US must steel themselves for a tariff suspension

There is a famous line that if it moves, tax it. If it keeps moving, regulate it. If it doesn't move, subsidize it. While this...

The business of sustainability: A Swedish success story

From popstars to flat-pack pioneers, the Swedes are no strangers to global domination, but today the flag they fly is not so much blue...

Reforms in Uzbekistan’s energy sector and cooperation with major international financial institutions

Since September 2016, when Shavkat Mirziyoyev began his presidency, Uzbekistan has embarked on a process of deep economic and social reforms. We are determined...

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