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Eastern Europe

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Telecommunications report reveals shady offshore outfits and crime behind internet firms

From Sputnik News A new project has revealed that telecom companies, Internet Service Providers (ISPs), cable operators across Eastern Europe are clouded in a smoke and mirrors operation that covers a myriad of offshore companies and shady deals. The project…

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How to get-rich-quick in Eastern Europe

From OffshoreAlert How easy is it to become a billionaire in eastern Europe? Comically so, as evidenced by the theft of $1 billion from Moldova’s three biggest banks in 2014. Incredibly, the suspected mastermind – 28-year-old Ilan Shor – was…

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Geothermal energy can boost C’bbean economies, says World Bank

From Jamaica Observer WASHINGTON, USA (CMC) –The World Bank says a multi-donor initiative, led by its Energy Sector Management Assistance Programme (ESMAP), has mobilised US$235 million through the Clean Technology Fund towards scaling up geothermal energy in developing countries, including…

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Tourists return to Greece’s summer resorts

By Renee Maltezou, Reuters From Toronto Sun Foreign tourists are returning to Greece’s sun-drenched islands and ancient temples, central bank data showed on Friday, boosting hopes that the key sector may help the crisis-hit country pull itself out of a…