Uzbekistan has poured cash into its education sector in recent years, but challenges persist.

Central and East European banks could soon be facing their own toxic loan disaster, some analysts warn.

Tymoshenko and Yanukovych break off talks and address the people.

Georgia's democracy isn't perfect, but Saakashvili is far from the tyrant his detractors say he is.

Two Russian newspapers analyze Lukashenka's blowup over the botched loan deal with Moscow.

Deputy chairman of the PR faction Oleksandr Yefremov considers that under current political situation in the country, the President Viktor Yushchenko should resign. He told parliamentary journalists, the ForUm's correspondent informs. "I think in this situation it would be logic

On commission of the First Vice Prime Minister Olexandr Turchynov a Governmental commission to investigate the reasons of an accident at the Skochynsky mine of Donetsk region has been set up and is operating on the site of tragedy. The

The accident that occurred in a Donetsk mine on June 8 left six miners dead and seven others are still missing, Ukraine's Inter television reported on Tuesday, ForUm informs, referring to Kyiv Post. Rescue teams raised bodies of another three

President Viktor Yushchenko has said he insists that parliament consider his draft of constitutional amendments, Kyiv Post reported. "As president, I insist that my draft of amendments and supplements to the Constitution of Ukraine ... be considered by parliament and

Naftogaz of Ukraine has paid in full for its May natural gas supplies from Russia, the state-controlled monopoly Gazprom said Monday, easing concerns of a new payment dispute that could have affected European supplies. Earlier Putin warned that if Ukraine's

The Party of Regions expelled from its parliamentary faction Verkhovna Rada deputies Inna Bohoslovska and Taras Chornovil, reads a statement made by the party press service, Kyiv Post reported. The party's political council expelled Bohoslovska from the party, from the

The head of the Party of Regions Viktor Yanukovych called to form judicial system and local authorities already today, the ForUm's correspondent informs. According to Yanukovych, decision to run for Presidential election is a very responsible action. "First of all

Does low-cost housing make economic sense? It seems to. Developers believe the loss in margins (20 per cent in affordable housing, against 50-300 per cent in case of premium housing) can be made up somewhat by the sheer volumes of

Can you imagine your life without a credit card? Whether it's to make payments online, shop till you drop, or for use as a lifeline in an emergency, the arrival of the credit card has been fortuitous both for the

Finance Minister Pranab Mukherjee will meet heads of public sector banks on Wednesday to impress upon them the need to further moderate interest rates and also increase availability of credit to industry, suffering from the impact of the global downturn.

Giovanni Bisignani, CEO of International Air Transport Association, said Delhi and Mumbai airports were one of the worst contributors to the crisis, for their 207 per cent hike in charges. "There is no room for this nonsense in our future.

The decision was taken by bank unions at a meeting with IBA representatives, on the directive of chief labour commissioner, in Mumbai. UFBU is the umbrella body of bank unions in the country and consists of members from public, private

It won't pursue an unsolicited US$1.2 billion refinancing proposal from Royal Bank of Canada and RFC Group.

Signs of optimism

The company's plant in Tiajin, China will now handle the production of the ERD 2.0 machine.