Saturday, June 30, 2007

Croatia Positioning Itself Through International Economic Partrnerships

At the request of the president of Moldova, Vladimir Voronin, the Croatian president Stjepan Mesic will be on an official visit to Mondova shortly. With his host, president Voronin, as well as other high officials of Moldova, Mesic will talk about the possibilities of further developing bilateral relations. There will be an exchange of thoughts about the progress of the two countries on their way towards European integrations.

President Mesic, at the request of president Nursultan Nazarbayev, will be at a working visit to the republic of Kazakhstan. In their talks during the visit, most attention will be paid to the possibilities of further developing economic relations between the two countries. This would include Croatian companies in projects, which are being realised as a part of the ambitious economic development plan of Kazakhstan.

Source: Javno

Friday, June 29, 2007

Asia: Poverty Down, Economic Inequality Up

Buoyed by rapid economic growth, Asia has made dramatic progress in the eradication of extreme poverty and hunger, halving the proportion of people living on the equivalent of a dollar a day, according to a UN report released recently. The UN report comes at the midpoint of a 15-year effort to implement the Millennium Development Goals (MDGs), a set of eight key development objectives that world leaders have pledged to achieve by 2015.

The greatest gain was in Eastern Asia, where the proportion of people living in extreme poverty fell from 33 per cent in 1990 to 9.9 per cent in 2004. In South-Eastern Asia, where extreme poverty was already down to 20.8 per cent in 1990, the percentage had dropped to 6.8 per cent by 2004.

The report said the figures put the region comfortably on track to achieve the first Millennium Development Goal, which calls for a 50 per cent reduction in extreme poverty and hunger by 2015, a press release issued by the UN Information Center (UNIC) said here Monday.

But Asia's unprecedented poverty reduction was accompanied by evidence that the benefits of economic growth are not being shared across different parts of the continent, the report said. In Southern Asia, almost 30 per cent of the population was still living on a dollar a day.

Read more here.

Thursday, June 28, 2007

Jakarta Readies for Major Urban Redevelopment

Jakarta was once known as the "Queen of the East" because of its architectural splendor. But, today, the Indonesian capital's old Dutch quarters and once magnificent buildings are crumbling and dilapidated, with little trace of their time of glory when Jakarta was an international trading center.

During the late 19th and early 20th centuries, Jakarta, or Batavia as it was then known, was renowned for its picturesque Dutch colonial houses and tropical tree-lined streets. The city was dotted with grand mansions and country houses with wide verandahs, ideal for the warm climate, while palaces in the Greco-Roman classical style were also common features. Grand colonial-style government offices and Art Deco buildings stood side by side in the Old Town, while other treasures included a 16th century Chinese temple, old mosques and Moorish houses built by the descendants of Arab traders. Today, this polluted and congested metropolis of nine million people, which swells to 14 million if the suburban population is counted, is not exactly a top draw on the tourist map.

But Jakarta may finally be a bit closer to getting the facelift conservationists have been dreaming about. As the city marks its 480th anniversary, conservationists have signed a preliminary pact with the government to revive the Old Town area.

Read more here.

Wednesday, June 27, 2007

Abu Dhabi Works on Clean Energy

Masdar announced recently that it has formed a key partnership which will position Abu Dhabi (United Arab Emigrates) as a leader in renewable energy. The agreement with Conergy AG of Germany, one of the world's most successful renewable energy developers, is a pivotal step in Masdar's plan to develop an entirely new economic sector for the region and bring an advanced global energy network to Abu Dhabi.

The UAE has one of the world's fastest growing economies and is experiencing the most significant real estate growth in its history. Masdar will capitalize on this unprecedented economic growth by becoming the premium developer and installer of photovoltaic systems in the region. Within two years Masdar will provide up to 40MW of capacity -- equivalent to 10,000 homes. The agreement will allow the new partnership to capture the huge potential of the Middle East and North Africa (MENA) market.

The Abu Dhabi Future Energy Company (ADFEC) is Abu Dhabi's vision and investment in the future of energy and environmental sustainability - a private joint stock company established and wholly-owned by Mubadala Development Company. ADFEC drives the Masdar Initiative, a multi-billion dollar, multi-faceted response to the need for a global focus on the development of advanced energies and sustainability-related technologies.

Masdar is designed to ensure that Abu Dhabi grows its share of the global energy market by fostering the development and commercialization of advanced and innovative technologies in renewable, alternative and sustainable energies for a cleaner, safer environment and future.

Masdar has partnered with the world's most prominent companies, educational institutions and investment firms to lead and advance a global strategy of international knowledge and capability to change the way the world understands energy and create a historic, global shift to new energy sources and sustainable resource utilization.

Tuesday, June 26, 2007

India's Growing IT Sector

According to the annual NASSCOM survey, the overall IT software and services sector will grow by 24-27 per cent clocking revenues of $49-50 billion in FY08.

According to the annual NASSCOM survey, the Indian IT-ITES industry (including domestic market) recorded an overall growth of 30.7 per cent as against a projected growth of 27 per cent, clocking revenues of $39.6 billion in FY 2006-07 up from $30.3 billion in FY 2005-06. The software and services exports segment grew by 33 per cent to register revenues of $31.4 billion in FY 2006-07 up from $23.6 billion in FY 2005-06. The domestic segment grew by 23 per cent to register revenues of $8.2 billion in FY 06-07 up from $6.7 million.

Within the export segment, IT services exports have grown by 35.5 per cent to clock revenues of $18 billion; while ITES-BPO exports up by 33.5 per cent registering revenues of $8.4 billion. Engineering services and products exports clocked revenues of $4.9 billion, growing at 23 per cent in FY 2006-07. The survey also projects that the overall IT software and services sector will grow by 24-27 per cent clocking revenues of $49-50 billion in FY08.

Read more here.

Monday, June 25, 2007

Eco-Tourism in NW England

More “green tourists” will visit the Northwest this summer than ever before. England's Northwest is poised to reap the benefits as tourists become more environmentally aware. That’s according to Natural Economy Northwest, a new partnership programme that is working to boost awareness of the natural environment’s value and in turn boost the regional economy by bringing in more jobs and investment.

Natural Economy Northwest believes more people are seeking out “low impact” holidays as they become increasingly aware of their carbon footprint and its effect on climate change.

Read more here.

Sunday, June 24, 2007


Kansas City Citizens Weigh in on Business Incentives

A citizens panel met has begun work on a policy that will guide economic development and developer tax incentives in Kansas City. The task force should consider “big picture questions” — what does the city want to achieve with tax incentives, when should the city use tax breaks, and who will be responsible for measuring the results?

Source: Kansas