Capital rich and ready to spend, China might be outplaying many Western rivals, even maybe Russia, in the Balkans. Chinese investments boost the influence, something already see in Africa. Is the Balkans next Chinese Africa – opportunities potent filed of contests with the west that loses its orientation, speed and grip?
Accusations of the West towards Putin traditionally are based on the fact that he worked in the KGB. And, therefore he is a cruel and immoral person. Putin is blamed for everything. But nobody ever accused Putin of lack of intelligence.
Any accusations against this man only emphasize his ability for quick analytical thinking and making clear and balanced political and economic decisions.
The Arctic Economic Council (AEC) is a new independent body established between the members of the Arctic Council (AC), the eight Arctic states, and the six Indigenous Peoples Organizations appointed Permanent Participants. The newly established AEC held its first meeting between September 1st and 3rd in Iqaluit, Canada.
Goldman Sachs first coined the expression BRICs - Brazil, Russia, India and China - to identify the economic giants of the future that will reshape the world economic order. While Russia's economy is linked to the prices of commodities, energy in particular, Brazil has not lived up to expectations. Of the four countries, China and India have shown the most impressive growth in recent years with, respectively, 10% and 8%. Excluding Brazil, the population of the BRIC represents 40% of the world's inhabitants.