News
Hungary’s Malev airline collapsed
February 03, 2012The Hungarian Airline Malev shut down its activity after huge financial loses. The airline has announced on its official website that as of today, no more flights will be operated. “Based on the Board of Directors’ decision Hungary&rsquo...
American real estate: The hidden costs of an “ownership society”
February 01, 2012The house with the white picket fence — surrounded by an ample yard with lush grass, hedges, and trees that provide comfortable roosting spots for songbirds — is an ingrained part of the American Dream, as iconic as apple pie, baseball, and...
Oil production in Azerbaijan decreased in January 2012
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February 01, 2012Oil production decreased 1,0% in Azerbaijan comparing with first month of 2011 and 9,0% comparing with January 2010 since production from the Azeri-Chirag-Guneshli (ACG) averaged 823,100 bpd in 2010, but fell to 757,500 in the first nine months of 20...
German proposal: Suspend Greek sovereignty as price of financial aid
January 31, 2012Germany's Role in Europe and the European Debt Crisis The German government proposed last week that a European commissioner be appointed to supplant the Greek government. While phrasing the German proposal this way might seem extreme, it is not unreasonable...
No More Work Restrictions for Romanians in Italy and Island
January 01, 2012By Valeriu Gonta / Moldova.org / -- As of today, the Romanian citizens can freely work in Italy. The decision was taken by Italian government at the end of 2011. The Romanian Ministry of Labor welcomed the decision. “We are glad of the Italian...
Steps to resolve the Eurocrisis
December 12, 2011By Thomas Kleine-Brockhoff/ GMF/ CAMDEN, Maine (USA) -- Once again, Europe’s leaders did not brandish the big bazooka that the markets are crying out for. Instead, Europe is doggedly pursuing its step-by-step approach as introduced several summits...
Forecasts confirm: oil boom in Azerbaijan is approaching to end
November 16, 2011CESD/ Baku -- Officials figures and forecasts confirm that oil boom in Azerbaijan is approaching to end: 50 million ton in 2010, 46 million ton in 2011 and 45 million ton in 2012, 32 million ton in 2016. Azerbaijan will produce 45 million...
Azerbaijan-Turkey gas deal's impact on supply to Europe
November 04, 2011CESD/ Baku -- Last week Azerbaijan and Turkey signed a number of export agreements that allow Turkey to buy gas from Azerbaijan and transport it through neighboring countries to Europe. According to a statement posted on the official website of the State...
British Petroleum proposes South-East Europe Pipeline in place of Nabucco
November 03, 2011By Vladimir Socor/ Eurasia Daily Monitor/ Washington, DC -- Azerbaijan and the Shah Deniz gas producers’ consortium have just signed bilateral agreements with Turkey on gas transit to Europe (see EDM, November 1). Meanwhile, the Shah Deniz consortium...
November 03, 2011By Kati Suominen/ GMF/ Washington, DC -- The Greek bombshell decision to hold a referendum on the last week’s celebrated eurozone bailout package will ensure that the G20 Summit starting on Thursday in Cannes will be hijacked by Europe...