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All Serbian oil and gas reserves belong to Gazprom

All Serbian oil and gas reserves belong to Gazprom

BELGRADE -- Serbia's natural oil and gas reserves amount to about 14 million tons, but experts estimate that the deposits are about four times larger.

Four years ago, 650,000 tons were extracted in Serbia, while in 2014 the amount was almost double that figure, the daily Vecernje Novosti writes.

Cuba, Turkey and the unbearable feeling of loneliness

It takes courage to accept failure. U.S. President Barack Obama has shown the world that he can learn from the facts and abandon a long-failed policy – because U.S. policy toward Cuba has been a disaster, a remnant of the 20th century. The president’s actions this week set the stage: No more 20th century obstacles to U.S. policy making.

Corruption? Who cares?

As economies grow, so should wealth and the tax base. Not in some countries. According to Transparency International’s annual Corruption Perceptions Index, Turkey has suffered the year’s biggest fall in rank, and low rankings for the major emerging economies known collectively as the BRICs – Brazil, Russia, India and China.

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