In the run-up to the summit of the “Caspian Five” in Astrakhan on 29 September 2014 the main issue for the states surrounding the Caspian Sea is the same as it was twenty years ago: the question of how the Caspian shelf should be divided. No new treaties on this question have emerged during the period since the collapse of the USSR. The main reason for this is the substantial disagreements on the matter of dividing this inland sea’s shelf and the use of its waters and natural resources.
A new initiative puts together a list of one hundred outstanding individuals who have and continue to contribute to the rise of world-class innovation in Central and Eastern Europe.
Latvia's hawkish center ruling coalition has won a clear majority in a general election, results showed yesterday (5 October), after taking a hard line over the actions of Russia, its neighbor and former ruler, in Ukraine. But elections demonstrated that the largest single political is the mainly ethnic Russian 'Concord’ party.
Since the beginning of 2014, both the EU and Ukraine have faced many common challenges related to their respective border, energy and defense security.
Chinese Premier Li Keqiang will attend a summit of European and Asian leaders on a trip starting that will also include a visit to Germany and the signing of energy and high-speed rail deals with Russia, the government said, according to Reuters.
A new news portal – Baltnews – is being created for Russian-speaking communities in Lithuania, Latvia and Estonia, the Coordination Council of Russian Compatriots in Estonia member Alexander Kornilov informed Delfi.lt, pointing out that it is a non-political project, cites LETA/Nozare.lv.
On Oct. 2, Turkey’s Grand National Assembly (TBMM) adopted a mandate authorizing the country’s army to participate in military operations in Syria and Iraq.
Robertas Dargis, head of the Lithuanian Confederation of Industrialists (LPK), is convinced that cooperation among producers is one of the keys to open vast foreign markets to Lithuanian goods.
In Atyrau, which situates on the north Caspian bank, the XI Forum of Interregional Cooperation of Kazakhstan and Russia took place with the participation of the Presidents Nursultan Nazarbayev and Vladimir Putin. The Heads of the states discussed energy issues as well as the agenda of the oncoming summits – of the heads of the Customs Union states (CU) and of the Eurasian Economic Union (EEU) to be held on October 10 in Minsk. This day the joining of Armenia to the integration project shall be announced.
The Caspian Basin was, and still is, one of the most important reservoirs of oil and gas in the world - the second largest in the world after the Persian Gulf. It is close to a number of important consumer countries in Eurasia, but on the other hand it lacks open-sea access to world markets. The Caspian contains large volumes of oil and natural gas reserves, in offshore deposits and in onshore fields in the immediate region. It is estimated that it contains 48 billion barrels of oil and 8.7 tcm of gas in proven or probable reserves. A recent trend to strengthen the position of exporters by arranging long-term relationships with neighboring consumers (especially China) and by looking for new markets (e.g. the European Union) was seen among the region’s energy suppliers. There is, as a consequence, a huge difference between regional cooperation and potential competition in Caspian energy sector.