Analyst Lauren Goodrich examines the reasons behind Moscow’s plan to privatize strategic Russian firms.(http://www.stratfor.com/analysis/20110801-dispatch-russian-privatization-and-modernization?utm_source=freelist-f&utm_medium=email&utm_campaign=20110802&utm_term=gweekly&utm_content=videotitle&elq=10f23edaa0f84823b2e2962fbd2d105a)The Russian government submitted its revised list for Russian privatization to President Dmitri Medvedev today. It’s one of the world’s largest privatization programs in years, as well as a controversial one inside of Russia.
Read MoreZi: 3 august 2011
Geopolitical Journey: Indonesia’s Global Significance
By George FriedmanI am writing this from Indonesia. Actually, that is not altogether a fair statement. I am at the moment in Bali and just came from Jakarta. The two together do not come close to being Indonesia. Jakarta, the capital, is a vast city that is striking to me for its traffic. It takes an enormous amount of time to get anywhere in Jakarta. Like most cities, it was not built to accommodate cars, and the mix of cars with motor scooters results in perpetual gridlock. It is also a city of extraordinary dynamism. There is something happening on almost every street. And in the traffic jams, you have time to contemplate those streets in detail.
Read MorePiața Muzeului devine scenă în aer liber
Autoritățile locale din Cluj au decis să transforme Piața Muzeului într-un loc în care sunt organizate diferite evenimente, sub genericul ”Seri de vară”. ”Ne dorim astfel să animăm cetatea pe timp de vară dar şi să promovăm tineri artişti din Cluj-Napoca. Evenimentul presupune o serie de spectacole gratuite în serile de vineri şi sâmbătă ale lunii august, în Piaţa Muzeului. Spectacolele vor conţine muzică live, instrumentală, dans, scenete de teatru, stand-up comedy etc.”, spun reprezentanții Primăriei Cluj-Napoca.
Read MoreTransilvania Bank reports double net profit of RON 65 mln, to H1, 2010
Transilvania Bank has posted a net income of RON 65 million for the first half of 2011, almost double to the RON 33 million recorded in the first semester of 2010. Net trade incomes increased by 20 percent and net interest income increased by 2 percent from RON 491 million in the first half of 2010 to RON 500 million. Net fee and commission incomes totaled RON 177 million, without significant changes. The operating result decreased year on year from RON 390 million to RON 380 million in the first half of 2011, risk provisions were reduced from RON 330 million in the first half of 2010 by RON 34 million, to RON 295 million.
Read More