The Organization for Economic Cooperation and Development (OECD) in its latest forecasts released raised the GDP forecasts for all three Baltic states, and Latvia is to see the steepest economic growth among its Baltic neighbors.
“We would like to return to extensive consultations in the coming months,” the chief of Polish diplomacy, Witold Waszczykowski, said after a meeting with the Minister for Europe and Foreign Affairs of the French Republic, Jean-Yves Le Drian. The Polish foreign minister was taking part in the OSCE Ministerial Council in Paris.
Latvian Interior Minister Rihards Kozlovskis (Unity) in Tbilisi met with his Georgian counterpart Georgy Mgebrishvili, and signed a declaration on cooperation between both countries.
A fiscal mechanism unveiled this year, under which the government absorbs all additional revenue when crude is above $40 a barrel, marks a “change in ideology” from the previous mechanism designed to ensure budget stability, according to Deputy Finance Minister Vladimir Kolychev. Given that the central bank is allowing the market to determine the exchange rate, the new approach sets the task of freeing the ruble from oil as the “main goal,” he said in an interview in Moscow.
The Russia-led Eurasian Economic Union (EAEU) and India signed a petition on the beginning of talks to establish a free trade area, a Sputnik correspondent reported Saturday.
Russia on June 2 further relaxed trade sanctions placed on Turkey in the aftermath of the downing of a Russian fighter jet in 2015.
France's President Emmanuel Macron and his Russian counterpart Vladimir Putin on Monday vowed to improve the strained relations between their countries, while admitting to disagreements during talks at Versailles palace described by Macron as "extremely frank".
New collective defence tasks discussed and tribute paid to Zbigniew Brzezinski, an outstanding expert in international relations, at the global security forum
Minister of Foreign Affairs of Lithuania, Linas Linkevičius, said at the global security forum GLOBSEC that NATO had to maintain its ability to adapt to new challenges and focus on its main task, collective defence; the success of the Alliance would depend on that in the future.
The president has seemed less at ease among his fellow world leaders in group settings than he is in one-on-one encounters.
The proposed cuts would reduce the UN peacekeeping budget by more than $1 billion USD.