Categories
Eastern Europe

Estonian, Latvian and Lithuanian Chemical Industries Prosper Under EU

Quite an interesting article in Chemical and Engineering News on how EU membership has helped the former Soviet states of Latvia, Lithuania and Estonia.

An excerpt:

Although Estonia, Latvia, and Lithuania are often grouped together, the nations speak different languages, and before being absorbed behind the iron curtain after World War II, they did not share the same geopolitical past. Estonia and Latvia spent all but 30 of the past 800 years occupied by Swedes, Germans, and Russians. On the other hand, Lithuania shared political power in Europe with Poland during parts of the past millennia.

Latvia hosted one of the Soviet Union’s most prestigious chemical research institutes, called the Latvian Institute of Organic Synthesis (IOS). Its laboratories were responsible for developing some 17 new drugs and, in total, producing some 25% of drugs taken in the Soviet Union. In particular, the Riga-based institute developed the cardiovascular drug Mildronate and the anticancer drug Ftorafur, both of which remain on the market today.

“The Soviet system was too big to manage science carefully,” says Margus Lopp, the chair of organic chemistry at Tallinn Technical University, in Estonia. “So many scientists were free to do what they wanted.” But Lopp suffers no nostalgia for the old system either.

Although he did the research he wanted, Lopp says he felt a frustrating isolation. “During the Soviet times we only published three times in Western journals. To get permission to do so, we had to write to Moscow and say that the research wasn’t good enough to publish in Russian journals.” It’s a prime example of “the madness of the system,” Lopp says, “because, of course, it was our most interesting work.”

Categories
China Cuba Russia

Cuba Next Stop For Many

Following the G20 in Washington, DC, many of the world’s leaders – OK, many of the world’s Communist and former Communist leaders (from Russia and China) – are heading to Cuba.

Why?

Could it be that as Castro fades and his brother moves to open up the economy, these countries, long linked by ties in ideology may be looking to stregthen capitlist bonds…

Or maybe they are just after some Cuba Libres.

Categories
Cambodia & Laos China

China Continues to Build Closer Ties with Neighbors

China and Laos continue to build closer ties.

Categories
Russia

Russia Looks to Extend Term of Presidency

This from the New York Times:

As a bill extending Russia’s presidency to six years from four barreled through the Russian legislature on Friday, it fell to the old-timers from the Communist Party to put up a fight.

But the money quote comes in the second graf:

“Why do we have to do this today?”Viktor I. Ilyukhin, a Communist legislator, said during discussions Friday in the State Duma, the lower house of Parliament. “Why are we in such a hurry? A strict authoritarian regime has already been established in this country. There is already an unprecedented concentration of power in one person’s hands.”

Categories
China

Winners and Losers from China’s Bailout

Marketwatch looks at who wins and who loses from the massive US$586 billion China stimulus package.

Led by miners and other commodities-related stocks, Asian and European markets rallied after Beijing unveiled the package, which is heavily focused on infrastructure spending.
“While unlikely to have an immediate effect, this is clearly to be positive for sentiment and, in time, commodity demand,” said analysts at Numis Securities.

Crude oil futures first surged over 7% before settling more than 2% higher, and corn futures also gained nearly 2%.

Gold gained $12.

Categories
Cuba Culture & History

Venezuela and the Socialist Left of the World Unite

While it doesn’t pertain to Cuba per se, this excellent article in the New York Times takes a look at the current socialist salon being created by Hugo Chávez’s socialist government in Venezuela.

In hotel corridors where oilmen in business suits once hatched deals over glasses of whiskey, delegates in Birkenstocks and guayaberas discussed Marx and Antonio Gramsci, the leftist Italian writer. Such meetings have become a staple of life in Caracas, with Mr. Chávez’s government flush, at least for now, with petrodollars that can be used to attract sympathetic members of the chattering classes the world over.

Officials here have organized international encounters for philosophers, women’s rights advocates, the government spokesmen of nonaligned countries, poets and, in September, specialists in body painting.

Categories
Cambodia & Laos Russia

Russia Could Write Off Cambodian Debt

Russia is discussing with the Cambodian leadership the possibility of writing off most of Cambodia’s debt, which stands at around US$1.5 billion, a senior Russian lawmaker said on Monday.

“Russia and Cambodia are holding talks to write off Cambodia’s debt of around $1.5 billion. The principal sum (about 70%) of the debt could be written off as part of Russia’s participation in the Paris Club of Creditor Nations,” said Valery Yazev, deputy speaker of the lower house of Russia’s parliament

Categories
North Korea

North Korea Closing Border with South

North Korea is banning land crossings at its border with South Korea starting next month because of what it calls the South’s confrontational stance.

The North’s military is taking action to “restrict and cut off all the overland passage” across the frontier beginning Dec. 1, the country’s official Korean Central News Agency said. The move comes amid heightened tensions on the peninsula and repeated accusations from the North that Seoul’s conservative government is engaging in “confrontational” activities.

Prohibiting passage through the Demilitarized Zone dividing the two Koreas primarily would affect South Koreans working in an inter-Korean business complex in Kaesong.

Categories
Cambodia & Laos

Hun Sen: Cambodia to see 7% growth

Cambodian Prime Minister Hun Sen said yesterday he was committed to maintaining annual economic growth of seven percent, after warnings that the country’s red-hot economy would soon slow.”The government are well aware that the strategic plans are highly ambitious amid the global economic crisis,” Hun Sen said at Phnom Penh’s Royal Palace.

Categories
Cuba Legal & Regulatory

Cuba Sues Kansas City Company of Use of Havana

From MyFoxKC:

Cuba is suing a Kansas City, Kansas company over its use of the word “Havana” to describe some of its products.

Habanos is run by the Cuban government and says cigar cutter company Xikar is infringing on the government’s trademark of the word “Havana.”

Xikar sells a cigar accessories collection called the “Havana Collection.” According to the suit, Cuba says Xikar “promotes it’s goods by deliberately and falsely associating those goods with Havana, Cuba” even though the items are not made in Havana.