A Seaway to Hell or an Economic Miracle of Melting Arctic?: The Northern Sea Trade Route

On August 2017, A Russian tanker settling out from Hammerfest in Norway to Boryeong in South Korea travelled through the Northern Sea Route along Northern Russia without an icebreaker escort for the first time.

The journey took only 22 days, 30% quicker than Suez Canal Route. It was significant, indeed, as it drew attention once again to how far Global Warming issue has gone to, while at the same time introducing the world to a new sail route “too economically efficient to ignore”. Discovery of new trade routes has

Once Upon a Time in Romania

In the back of our minds, we all somehow know that governments play a decisive role in the well-functioning of economies. The conduct of bad governments, while from a theoretical point of view logical and somewhat obvious, is quite difficult to imagine as actually being put into practice to the extent of severely damaging whole