Eurasia Press & News

In a major breakthrough, on 10 March 2023, Saudi Arabia and Iran signed an agreement to restore their diplomatic relationship, which was severed in 2016 after the Saudi Embassy in Tehran and Consulate in Mashhad were ransacked by protesters demonstrating against the Saudi execution of Shia cleric Nimr Al Nimr. …

The clock is ticking for the Budapest-based International Investment Bank as its desperate search for cash or new shareholders looks increasingly hopeless. February could prove to be a defining month in the more than 50-year history of the Russian-led International Investment Bank (IIB) – one which a growing number of …

By replacing ‘Moldovan language’ with ‘Romanian’ in the country’s constitution, Moldova’s ruling party hopes to shore up its pro-European tilt. Abill to enshrine Romanian as the official language of Moldova in the country’s constitution, replacing ‘Moldovan’, is expected to pass a second and final reading in parliament on Thursday, in …

The issue of Pope John Paul II’s alleged cover-up of child abuse is likely to rally PiS’s hardcore conservative Catholic voters in what will be a make-or-break electoral campaign. In Poland the late Pope John Paul II is not only a saint, but an iconic anti-Communist hero who to some …

The situation in Bosnia and Herzegovina is becoming increasingly complicated, not just because of the intensification of the armed conflict in Ukraine, but also because of the process of establishment of the government after the general elections in October 2022. At the level of Bosnia and Herzegovina the government was …

There are no known reasons about what is causing he delay in IMF Staff Level Agreement. According to media reports the Fund seeks assurances from the friendly countries for funding gap. It seems the program is near from the Government side, but still too far from the IMF side. In …

On March 10, a special announcement aimed at easing the hostility between Saudi Arabia and Iran came from both sides. China was the mediator of the talks held in Beijing. After four days of talks, two regional rivals in the Middle East, Iran and Saudi Arabia, have agreed to restore …

Introduction In September 2021 a political crisis erupted in northern Kosovo. The government in Pristina had decided to implement the provisions of an agreement on identification cards and car licence plates, which inhabitants of northern Kosovo – mainly Serbs – were against. Serbs in the north complained that they were …

There are many excuses often used to explain inflation. However, the fact is that there is no such thing as “cost push inflation” or “commodity inflation.” Inflation is not an increase in prices, it is the destruction of the purchasing power of the currency. Cost-push inflation is more units of …

The President of Serbia, Aleksandar Vučić, is satisfied with the Annex for the implementation of the Agreement on the Road to the Normalization of Relations between Kosovo and Serbia, which he negotiated in Ohrid with the Prime Minister of Kosovo, Albin Kurtije, in the presence of representatives of the European …