Belarus tests new BUK missile system as a low-key arms race in Eastern Europe gathers momentum
CSTO states express serious concern over terrorist threat in Afghanistan
Armenia refuses to host Eurasian Economic Union summit
COMMENT: Trump 2.0 could be a blessing for Belarus
MOSCOW BLOG: Putin 25 years in office - has he been a boon or a bane for Russia?
Moscow records the warmest year on record in 2024
Russian gas transit through Ukraine ends, with Europe meeting the new year with 5% less gas
Slovakia faces cut-off of Russian gas pipeline supplies
Ukrainian minister visits Damascus to meet new Syrian government
COMMENT: The EU’s Green Deal is a “policy disaster”
Damage of key infrastructure on the seabed of the Baltic raises security concerns, calls for Nato involvement
Telia willing to sell its Latvian operations back to government if price is right
The EU Council calls for a European geothermal action plan
Czech National Bank keeps interest rates at 4%
Czech EPH signs agreement with Italian Enel to buy its stake in Slovenske Elektrarne
Hungary grants political asylum to fugitive former PiS minister
FDI in Emerging Europe hit by geopolitical uncertainty and German slowdown
Polish industrial production disappoints in November as output falls 1.5% y/y
Polish producer price deflation eases further in November
Slovakia’s Fico in surprise visit to Putin in Moscow
Slovenia sets up emergency alert system after devastating floods
Albania imposes one-year TikTok ban
Athens conditions support for Albania’s EU accession on protection for Greek minority
EU Council says enlargement is a "geo-strategic investment in peace"
BALKAN BLOG: What Grenell’s return means for US diplomacy in the Balkans
International highway tears through Bosnia’s rural heartlands
Bulgaria’s interim PM Glavchev refuses to sign 10-year military support deal with Ukraine
Russia reaps harvest of chaos in nearby democracies
Incumbent Milanovic to face Primorac in Croatian presidential election runoff
Croatian incumbent Milanovic scores first round presidential election victory, exit polls show
Croatia prepares for presidential election after rancorous campaign
Kosovo bans main Serb party from running in general election
Kosovo's population down 12% since 2011
Kosovo’s president slams EU’s “unfair” treatment
Russia cuts gas deliveries to Moldova in attempt to undermine political stability
Moldova announces emergency measures as Gazprom to halt gas supplies
Moldova's economy shrinks by 1.9% y/y in Q3
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Bureks vs. Big Macs
North Macedonia's central bank lowers key interest rate by 0.25 pp to 5.55%
North Macedonia’s ex-deputy PM Grubi reportedly flees to Kosovo to avoid detention in corruption case
Romania's ruling coalition survives elections
Romanian liberals orchestrated Georgescu campaign funding, investigation reveals
Formation of ruling coalition in Romania faces deadlock as Social Democrats suspend talks
Tens of thousands rally in Belgrade demanding accountability over Novi Sad railway station disaster
Turkish manufacturing nearing stabilisation, PMI shows
Russia seeks to expand its nuclear energy dominance with new international projects
Turkey launches monetary easing cycle with 250bp rate cut
Turkey hikes minimum wage by 30% in line with financial market demands
Central Asia emerges as new e-commerce hub
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INTERVIEW: Asian Infrastructure Investment Bank financing Central Asia’s green future
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Putin apologises for Azerbaijan Airlines disaster amid missile speculation
Russian missiles blamed for downing of Azerbaijan Airlines passenger jet
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Plane crashes in Kazakhstan on Baku-Grozny flight with nearly 70 onboard
Georgia’s outgoing President Zourabichvili to leave presidency, join protesters
Georgians gather outside presidency ahead of Kavelashvili’s disputed inauguration
Georgian president refuses to leave office ahead of inauguration
US sanctions Georgian Dream founder Ivanishvili
Iran gains observer status in Russian-led Eurasian Economic Union
Kyrgyzstan’s President Japarov demotes liberal democracy in favour of a “traditionalist” ideology
Adylbek Kasymaliev appointed new chief of Kyrgyzstan’s cabinet ministers, predecessor dismissed amid tax corruption scandal
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Mongolia copper-gold discovery hailed for “globally significant” prospects
World Bank approves $350mn as Tajikistan bids to fund completion of $6.3bn Rogun mega hydro project
Tajikistan: Officials announce discovery of major rare earth deposits
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Sanctioned Russian cargo ship sinks in Mediterranean after explosion
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IEA: Access to energy improving worldwide, driven by renewables
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Malaysia seeks BRICS membership
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Sri Lanka to apply for BRICS membership
How France is losing Africa
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Russia, facing loss of Syrian base for Africa operations, seen turning to war-torn Sudan or divided Libya
Libya’s mineral riches: unlocking a future beyond oil
Ukraine claims it was behind massacre of Wagner Group mercenaries in Mali
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Sri Lanka's LTL Holdings targets African power sector
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Trump threatens BRICS with tariffs if they dump the dollar
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Air France diverts Red Sea flights after crew spots 'luminous object'
COMMENT: Tunisia on the brink of collapse
Tunisian President Kais Saied re-elected for second term
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Climate crisis-driven global food security deteriorated between 2019 and 2022 and is even affecting the US
BRICS bank chief touts Uruguay membership in Montevideo talks
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Turkey, Syria tandem could mean piped Qatari gas for Europe and a supercharged Middle East clean energy transition
South Korea’s won slides as martial law crisis sparks market turmoil
China unveils $71bn swap facility to revitalise flagging economy
Taiwanese semiconductor maker expresses interest in Canadian LNG
Nozomi Energy snaps up major solar portfolio in Japan
Balancing growth and sustainability: Southeast Asia’s energy dilemma
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Bahrain and Iran to begin talks on normalising relations
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Syrian foreign ministry urges Kuwait to reopen embassy in Damascus
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PODCAST: Emerging Global's Mathew Cohen talks with Ruthie Blum
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COMMENT: A stable Syria could become a major energy hub
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TEHRAN BLOG: Pezeshkian's dilemma over Haniyeh's assassination
Iranian foreign ministry condemns Haniyeh's assassination in Tehran
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Russian exports of diamonds to Hong Kong up 18-fold in 5M24
Gazli Gas responds to reports on Uzbekistan project, refutes any suggestion sanctioned individuals are involved
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ING: India is likely to remain the region's fastest growing country in 2025
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South Asia hit by floods and landslides after heavy rainfall
Russian pivot to the Global South includes unscrupulous army recruiting practices
North Korea’s missile support to Russia raises alarms at UN
North Korean troops face heavy losses in Russia-Ukraine War as conflict intensifies
North Korean troops suffer casualties in Ukraine conflict
South Korea intensifies military drills to bolster defences against North Korean drone threat
Russia’s arms exports slump, Kremlin preparing for possible war with Nato
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Seoul court issues arrest warrant for suspended president Yoon Suk Yeol
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Uzbekistan has announced plans to build a $10bn chemicals production complex by 2028.
The 2.5mn tonne/year set of installations would be built in northwestern Khorezm region, President Shavkat Mirziyoyev's office said on March 1.
Mirziyoyev discussed the project with government officials and a large foreign investor during a visit to the region, the office added. It did not name the potential foreign investor in the project, though bnn reported on March 1 that the local investor would be Uzkhimprom.
When fully built, the facility is expected to need a workforce of around 3,000.
The feedstock for the chemical production lines will be natural gas.
Uzbekistan’s gas production has been falling in recent years—it totalled 46.7bn cubic metres (bcm) last year, marking a decline of 9.6% y/y—but Tashkent has plans to boost imports of Russian gas.
Last week, the Russian Ministry of Industry and Trade said Uzbekistan and Russia are working on a plan to construct a gas chemical complex in the southwestern Uzbek region of Bukhara.
It might be argued that Uzbekistan’s neighbour Kazakhstan is far better placed to expand its chemical and petrochemical industries given its abundant domestic gas resources from which producers can source comparatively cheap gas feedstock.
The World Bank has to realise that the Rogun mega project “dream of the biggest dam [in the world] will turn into a nightmare for the people and nature in Tajikistan and beyond” and that it ... more
The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to $10mn (€9.1mn) to TBC Bank Uzbekistan (TBC UZ) to ... more
Uzbekistan's government officials are talking about a new phase of governance, marked by transformative economic and social reforms. GDP has doubled over the past five years to surpass ... more
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