Archives Economic development - Page 31 of 35 - New Eastern Outlook

The U.S., the EU, and NATO are freaking out over Hungary’s Prime Minister Viktor Orban’s recent meeting with Russia’s Vladimir Putin and China’s President Xi Jinping in Beijing. Orban is the first EU leader to hold personal talks with Putin since the International Criminal Court (ICC) issued a ludicrous arrest warrant for the Russian presenting. Hungary is also one of the few European countries that has not knuckled under U.S. pressure to condemn Russia for the special military operation in Ukraine. U.S. Ambassador to Hungary David Pressman said was cited staying, “The United States is concerned about Hungary’s relationship with Russia.”…

If railway transport in Mongolia made a qualitative breakthrough and had many ambitious endeavours in 2023, the country’s road transport had a symbolic moment that took place in 2022. We are talking about achieving an epoch-making transport and communication task, namely the final connection by asphalt roads the administrative centres of all parts of the country, 21 aimags with the country’s capital, Ulaanbaatar. However, the preliminary results for 2023 in the field of road transport are slightly brightened up by such a significant event for Mongolia. 2023 brought about a breakthrough in the field of transit…

For many centuries, one of the most important elements in a country’s ability to successfully expand economically has been its ability to access marine trade routes. The capacity to significantly increase the number of trading partners and to enhance the volume and speed of cargo transportation are two of the obvious benefits of marine trade. A minimum of a modest stretch of sea or ocean coast is also necessary to avoid relying on transit through neighboring states, which helps a country achieve political independence. However, not all nations have direct access to the world’s oceans; at the moment, 44 nations only have land borders and are in some manner…