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Japan sets targets to tackle debt
Japan sets ambitious new targets to rein in its national debt, the largest in the industrialised world, and avoid a "Greek-style" crisis.
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Israel asks UN to shelve inquiry
Israel asks the UN to suspend plans for an international inquiry into an Israeli raid on a ship trying to break the Gaza blockade.
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Russia unveils ski resorts plan for troubled north Caucasus
Russia aims to build a £10bn constellation of five ski resorts in its mainly Muslim north Caucasus region, where an Islamist insurgency claimed the lives of almost 1,000 people last year.
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EBRD and Russia’s Federal Grid in energy efficiency drive
The EBRD and Russia’s Federal Grid Company, the country’s high-voltage transmission operator, today laid the groundwork for a strategic partnership to promote energy efficiency in the Russian power sector.
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EU-Russia Energy Relations: A Pause or Fast Forward?
At the end of the last EU–Russia Summit in Rostov-on-Don, European Council President Herman Van Rompuy uttered an ambitious statement. Announcing Europe’s readiness to be a partner in Russia’s modernization, he noted “With Russia we don’t need a reset. We want a fast-forward.”
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Turkey hardens resolve against Kurdish rebels
Turkish Prime Minister Erdogan has vowed to crush Kurdish rebels after attacks killed 11 Turkish soldiers. Clashes between the two sides have escalated sharply.
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Komorowski leads Polish presidential race, but run-off likely
Exit polls show interim president and parliament speaker Bronislaw Komorowski has won the most votes in Poland's presidential election but not enough to avoid a run-off in two weeks.
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Turkey's agricultural exports on the rise
Turkey’s fresh fruit, vegetable and citrus exports increased by 15 percent in value while deceasing 1 percent in amount in the first five months of the year in comparison to the figures of the last year, according to a report released by the general secretary of the Mediterranean Exporter Unions.
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