The previously-preferred Chinese company has been dragging its feet on technology transfer.
Turkey looking to the West over China for antimissile contract
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Posts Categorized: Europe
Italian companies feeling pain from Libya chaos
Italian companies operating in Libya like Eni could face an immediate aggregate loss of 1 billion euros.
Mercosur in disarray, FTA with E.U. unlikely
Members’ protectionism and expanded ties with China undercuts Mercosur’s trade goals.
Geopolitics drive Russia-Egypt economic initiatives
With free trade, nuclear power, and industrial zone deals, Russia draws Egypt away from U.S. dependency.
Scotland’s renewable energy sector surges ahead
Wind turbines provided 146% of Scotland’s household needs in January 2015.
New Greek government playing pipeline politics
Greece supports the Trans-Adriatic Pipeline but wants more benefits, leverage with Europe.
Portugal to sell off Army properties in modernization bid
Sixty properties including forts and barracks will be sold or rented to help pay for the army’s modernization.
Boom for Irish whiskey exports to developing world
Developing countries’ rising middle classes and desire for premium Western goods drive the rapid growth.
Geology — not democracy — ends oil exploration off Canaries
Canary islanders are relieved as controversial oil exploration ends following economically unviable results.
Russian economic crisis repels Belarus, Kazakhstan
While Russia falls back on its ample reserves, neighboring Belarus and Kazakhstan seek to end overreliance on Moscow.
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