• Porsche Sales in Russia Increase by 12 Percent

    Porsche’s sales in Russia have increased by 12 percent in 2015. The Stuttgart carmaker is one of the few that are still able to make a profit in Russia since the Russian market collapsed.

    German carmaker Porsche, despite the crisis in the Russian market, has significantly expanded its business in the Russian Federation. In 2015 Porsche sold almost 5,300 cars, about 12 percent more than in 2014, said the company's head, Thomas Stärtzel, in an interview with DPA in Moscow on Sunday, January 17th. …

  • Ukraine Increases Gas Imports from Europe By 24 Percent

    The spokesman of Ukrtransgaz Company, Maxim Belyavsky wrote on his Facebook page that Ukraine increased its daily volume of gas imports through Slovakia and Hungaryby 24% to 36%. This marks an increase of about 3 million cubic meters.

    “On the 16th of January, Ukraine imported 36.3 million cubic meters from Europe. Of that amount, 34.9 million cubic meters were imported through the Slovak gas corridor,” Belyavsky wrote.

    The spokesman of Ukrtransgaz Company noted that the previous day, 29.3 …

  • Turkish Hackers Attack Website of Russian Embassy in Israel

    The website of the Russian Embassy in Israel was hacked when a portrait of the first President of Turkey, Mustafa Kemal Ataturk, and the inscriptions in the Turkish language with a Turkish flag were put on the Embassy's home page. The normal operations of the website of the diplomatic mission eventually recovered.

    A group of Turkish hackers known as Bortecine Siber Timclaimed responsibility for the attack. The hackers made the announcement on their Facebook page while taking credit for hacking …

  • Russia’s natural resource hegemony continues to decline

    With the lifting of sanctions against Iran and Tehran’s consequent participation in the global oil market, the price for Russia’s main export commodity—energy sources—continues to decline with no end in sight. With the fourth largest reserves in the world, Iran put its oil on the global market on Monday, contributing to oil prices dropping below $28 per barrel.

    What is more, the recent events in the Russian gas supply market exacerbate the situation, as traditional markets for Russian natural …

  • Protesters in Georgia Say No to Gazprom

    Another political scandal is growing in Georgia. The authorities cannot give any clear explanation why the country suddenly needed Russian gas when there are no problems with the supply of "blue fuel" from Azerbaijan. Moreover, the Minister of Energy still refuses to elaborate on the details of negotiations with the Gaprom for some reason.

    Former footballer and current chief power engineering specialist Kakha Kaladze at first had denied that there were any negotiations with Gazprom. Then he …