Next month, Ukrainians will be called to the polls to select their next president. As the 2004 Orange revolution has backfired against its initiators, the presidential election is a two-horse race between pro-Russian candidate Viktor Yanukovich and the current prime minister, Ms Yulia Tymoshenko.
Beset by serious economic woes, Ukraine is also striving to find its [...]

For the past few weeks, rating agencies like Fitch and Moody’s have hoped to stir up a financial storm within the European Union by downgrading Greece’s sovereign debt and treasury bond issues. On the Greek stock exchange, the downgrade has prompted a slide in bank shares, amid fears that government T-bills cannot be used as collateral [...]

China’s loss of US export markets has determined Chinese officials to invest huge amounts of money into the construction of a 16,000-km fast train network, to be fully completed by 2020. During the first three quarters of 2009, investment in fixed assets like factories and railroads has amounted to more than 90 percent of China’s 8 percent growth for [...]

On Sunday, Romanians have voted in the second round of the presidential elections, which aparently favour Traian Basescu, the current president, by 0.3 %  over Mircea Geoana of PSD. (Basescu has claimed victory on 50.33 % of the votes, whereas Mircea Geoana lost with 49.66 %). No wonder the Social Democrats are accusing the president’s party, PDL, of [...]

In an increasingly energy-hungry world, no country is hungrier for natural resources and oil than China. Its 8 to 10 percent yearly growth rates over the last two decades have made the Chinese economy the second largest in the world today. With close to 2 trillion dollars in forex reserves, its government was able to [...]