Baku expects three gas transportation consortiums to submit competing bids by October for the gas production of Azerbaijan’s Shah Deniz field, Phase Two. The rival projects are Nabucco (Turkey-Bulgaria-Romania-Hungary-Austria, potentially reaching Germany), ITGI (Interconnector Turkey-Greece-Italy), and TAP (Trans-Adriatic Pipeline, linking Turkey via Greece and Albania... MORE

Amidst growing concerns about the escalation of Turkish-Israeli tensions in the Eastern Mediterranean, Ankara’s decision to undertake seismic exploration for oil and gas – in retaliation for the Greek Cypriot administration’s ongoing exploration activities – further raised tensions in the region. Recently, the Greek Cypriots... MORE

The Russian Ministry of Economic Development has issued a bleak prognosis for the economic future of Belarus, anticipating that the country will enter a period of recession in 2012, which will be followed by gradual recovery in future years (www.naviny.by, September 24). The report contrasts... MORE

On September 22 in Moscow, participants in international negotiations on the Transnistria conflict announced their collective intention to re-launch official negotiations after a five-year breakdown. This means that Russia and Tiraspol authorities have finally stopped refusing to engage in negotiations, although they continue to set... MORE

All three of Latvia’s Western-oriented parties together won the September 17 parliamentary elections on the basis of a common set of values: commitment to NATO and the EU, market economics, and consolidation of the Latvian society in the Latvian state. As in any multiparty system,... MORE

Ukraine’s next parliamentary election will take place in 2012. During this period the Viktor Yanukovych administration will attempt a precarious balancing act to satisfy the West. At the same time, the administration will try to put in place a managed democracy to facilitate Yanukovych’s re-election... MORE

As anticipated (see EDM, July 27, 28), Latvia’s parliamentary elections held on September 17 have brought the country to a potentially fateful crossroads. The choice is between consolidating Latvia’s national statehood as part of the West, or empowering the leftist Russian party to undermine those... MORE

The last several months have been full of good news for the national oil company of Azerbaijan. As the country prepares to celebrate the anniversary of the “Contract of the Century” (the main oil contract signed in 1994 between Azerbaijan and a consortium of western... MORE

Turkey has signed a memorandum with the United States on the deployment of a US radar station in the country, which will form part of the missile defense shield project to boost the protection of NATO members against potential missile threats from the East. Earlier... MORE

Ukrainian Deputy Prime Minister Serhy Tyhypko, a former banker who came third in the 2010 presidential elections, has sacrificed his party’s future for his personal ambitions. His liberal party, Strong Ukraine (SU), will be merged with the ruling Party of Regions (PRU) ahead of the... MORE