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Economy

Georgia, once a beacon of democracy, is fading away

In May 2005, speaking to an enthusiastic crowd in Tbilisi, Georgia’s capital, then-US President George W. Bush hailed the country as a “beacon of democracy”. Since then, however, Georgia’s trajectory has changed.The Greek statesman Alcibiades cut off his dog’s tail so the public would talk about the animal’s deformity, rather than his incompetence. It is the oldest…

EU denies colluding with Libyan smugglers despite UN report

The European Commission denies helping smugglers in Libya, following a deadly Pylos shipwreck near Greece that reportedly sailed from the Tobruk area of the north African state.”We are not helping smugglers in Libya. We are fighting against smugglers,” Eric Mamer, the European Commission chief’s spokesperson told reporters in Brussels on Friday (16 June). Published by:…

And then there were 14: China’s CEE dreams begin to crumble

China’s dreams of increasing its influence in Central and Eastern Europe through the so-called 16+1 initiative are crumbling. This offers a real opportunity for the Three Seas Initiative to finally make a real impact. Estonia and Latvia last week formally pulled out of China’s 16+1 initiative, joining their Baltic neighbour Lithuania which left last year amid…

EU creating new incentive for illegal pushbacks

On the heels of one of the deadliest boat sinking of migrants off the Greek coast, with at least 78 dead and possibly many more, warnings are emerging that last week’s political agreement on asylum will compel EU states to engage in even greater numbers of illegal pushbacks.Those fears are embedded in a formula that…

It’s time for the EU and Three Seas Initiative to align their goals

The Three Seas Initiative offers its 12 members an opportunity to build resilience and increase foreign investment. But to truly succeed it needs to take a collective, cooperative approach that recognises each member’s individual strengths, says the head of Latvia’s investment and development agency. Ahead of the latest Three Seas Initiative (3SI) summit, held in Riga,…