World Bulletin / News Desk
D-8 Organization for Economic Cooperation has launched a new project to avoid food crisis around the world.
Speaking to AA correspondent on Wednesday, D-8 Secretary General Prof. Widi Pratikto said that the world was facing another food crisis.
"To prevent new food crisis, the organization has launched a "Seed Bank" project which will be focused on the sectors of agriculture, food safety, energy, trade as well as industry and transportation," said Pratikto.
Pratikto stated that D-8 countries, Turkey, Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria and Pakistan, make one-sixth of world's all population.
After making several arrangements on the structure of organization, "Despite the economic downturn around the globe, in 2009 D-8 had a trade of 5.7 billion USD, and following the new agreements it reached 7.3 billion USD in 2011," said Pratikto.
Mentioning the new project of the organization, Pratikto said that Turkey would prepare a rough draft until October.
The average European spends a few hundred euros on Christmas gifts amid austerity measures and poverty figures in the 28-nation bloc, a survey reveals.
Signed agreement opens up new possibilities for Kyrgyzstan and Armenia, starting from 1st January 2015.
Fall of purchasing power in Russia may impact tourism in Turkey, says head of Union of Chambers and Commodity Exchanges
Iraq did not have a budget for 2014; the government of former Prime Minister Nuri al-Maliki failed to pass one following the deterioration of relations with Sunnis and Kurds.
About 220,000 tonnes of frozen poultry meat and about 426 million poultry eggs were imported into Hong Kong from the U.S. from January to October this year
Former finance minister says Russian sovereignity doesn't preclude economic, trade and financial relations with Europe and the US.
The comments came after Foreign Minister Frank-Walter Steinmeier told German weekly Der Spiegel that he was worried Russia could be destabilised if EU sanctions were not eased.
Rosneft, which produces more oil than Iraq or Iran, has asked for 2.5 trillion roubles ($44.07 billion) from the government to help it weather sanctions and refinance its debts.
The raise is expected to bring Israel's civil servants' salaries up to 5,000 shekels (around $1,282) from 4,200 shekels (roughly $1,076)
Russian sanctions have hit Lithuania's transport sector, which employs around 100,000, as well as its dairy industry.
The suspension comes as South Korea is struggling to contain its own outbreak of bird flu in birds.
Austrian Chancellor Werner Faymann justified the original sanctions as "a self-defence step", but added: "Our goal cannot be tightening the sanctions."
Both the European Union and United States adopted tighter restrictions on investments in Crimea this week, targeting individuals, Russian Black Sea oil and gas exploration and tourism.
Chinese Premier Li Keqiang said the offer included $1 billion for infrastructure, $490 million for poverty alleviation and $1.6 billion in special loans for China's production capacity export
Ukraine could default on its debt obligations if the situation does not change in the next few months, S&P said on Friday.
Damascus has relied on Tehran to fight its war with drop in oil price affects oil-producing Iran. Syrian traders say Damascus worried about future support